Newsfeeds Archive - Page 94 of 97

2 minute read

SoftBank Group Raises $22B Through Deals That Would Slash Its Alibaba Stake

August 3, 9:02 PM

Japanese multinational conglomerate SoftBank Group Corp (OTC: SFTBY) has raised $22 billion in cash through deals that would significantly trim its stake in Alibaba Group Holding Ltd. (NYSE: BABA

BABA

2 minute read

Alibaba-Backed Zomato Crashes Despite Narrowing Loss Over Reports Uber Might Cut Stake: What’s Next?

By Bhavik Nair

August 3, 2:36 AM

Shares of Indian food delivery app Zomato Ltd crashed up to 9.6% in opening trade on the BSE following reports Uber Technologies Inc (NYSE: UBER) is looking to sell its entire stake in the firm for up to $373 million.

BABA

2 minute read

Are There Opportunities In Emerging Markets, Metaverse Or Crypto Right Now? What Legendary Investor Mark Mobius Thinks

By Bhavik Nair

August 3, 2:13 AM

Emerging markets expert and founder of Mobius Capital Partners, Mark Mobius, is not piqued by the metaverse but thinks the companies that are creating it could be an interesting opportunity. He also had a lot to say on other topics such as cryptocurrency and recession.

BTC

2 minute read

Alibaba, JD Surge Over 3% As Earnings Come Into Focus: Hong Kong Traders Shrug Off Pelosi-Linked Taiwan Tensions

By Bhavik Nair

August 2, 10:20 PM

Shares of Alibaba and JD.com rose over 3% in Wednesday morning opening trade, with Hong Kong’s benchmark Hang Seng Index also beginning on a positive note, gaining 0.91%. Alibaba is set to release its June-quarter earnings on Thursday.

BABA

1 minute read

What Alibaba, Tencent And Baidu’s June-Quarter Earnings May Look Like

By Bhavik Nair

August 2, 8:58 PM

Alibaba Group Holding Ltd. (NYSE: BABA) is expected to post its first quarterly revenue decline on Thursday morning, with the firm grappling with an uncertain regime and a consumer crisis that is hurting the world’s second-largest economy, reported

BABA

1 minute read

News

How The World’s Oldest Sovereign Fund Is Facing Management Headwinds

By Bhavik Nair

August 2, 7:03 AM

Kuwait Investment Authority, the world’s oldest sovereign fund which backs BlackRock Inc.

BLK

1 minute read

Russia Uncertainty Causes European Gas Prices To Rise: Traders Eye Vladmir Putin-Led Country’s Next Move

By Bhavik Nair

August 2, 5:49 AM

European natural gas prices rose on Tuesday as focus shifted to concerns of supply from Russia, while questions remain on the pace of demand destruction.

OGZPY

1 minute read

Pelosi Effect? Why Key Apple Supplier TSMC’s Shares Are Slipping Today

By Bhavik Nair

August 2, 12:22 AM

Shares of chipmaker Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM) fell as much as 2.98% in Asia trading on Tuesday after China expressed anger at reports of U.S. House Speaker Nancy Pelosi making a possible trip to Taiwan later in the day.

AAPL

2 minute read

Alibaba, JD, Nio Fall In Hong Kong As Nancy Pelosi’s Taiwan Plan Keeps Markets On Edge

By Bhavik Nair

August 1, 10:38 PM

Hong Kong’s benchmark Hang Seng Index opened in the red, losing over 2.5% in opening trade, following the trend in broader Asian markets after reports emerged that U.S. House Speaker Nancy Pelosi was to arrive in Taiwan on Tuesday. China has issued a strongly worded statement saying it will take firm measures if she does so.

BABA

2 minute read

Will Alibaba Be Delisted From NYSE? Here’s What The Firm Says

By Bhavik Nair

August 1, 1:35 AM

Alibaba Group Holding Inc. (NYSE: BABA) has said it will continue to monitor market developments, comply with applicable laws and regulations and strive to maintain its listing status on both the New York Stock Exchange (NYSE) and the Hong Kong Stock Exchange.

BABA