By Julie Zhu, Yingzhi Yang, Zhang Yan and Yilei Sun HONG KONG/BEIJING (Reuters) – Alibaba (NYSE:BABA) Group Holding Ltd and Tencent Holdings (OTC:TCEHY) Ltd have each held separate talks with Baidu Inc (NASDAQ:BIDU) to acquire a controlling stake in video streaming service iQIYI Inc, people with knowledge of the matter told Reuters. But the discussions… More
(Reuters) – Blackstone Group (NYSE:BX) Inc is seeking to raise at least $5 billion for its second private equity fund focused on Asia, Bloomberg News reported on Sunday, citing people familiar with the matter. With this new vehicle, Blackstone plans to more than double the size of its first Asia buyout fund, Bloomberg reported (https://www.bloomberg.com/news/articles/2020-11-22/blackstone-said-to-seek-at-least-5-billion-for-second-asia-fund?sref=SCAzRb9t).… More
By Augustinus Beo Da Costa and Bernadette Christina JAKARTA (Reuters) – Some of the relatives of victims of a fatal Boeing (NYSE:BA) 737 MAX crash in Indonesia have slammed a decision by U.S. aviation authorities to allow the jets to return to the skies, saying the move comes too soon. The U.S. Federal Aviation Administration… More
SAO PAULO (Reuters) – Brazilian securities regulator CVM’s board of commissioners decided on Friday that the founders of software firm Linx SA (SA:LINX3) will be allowed to vote at a Nov. 17 shareholder meeting that will decide on a takeover bid by card processor StoneCo Ltd (O:STNE). The board’s move reversed an October decision by… More
By Stephen Nellis SAN FRANCISCO (Reuters) – Apple Inc (O:AAPL) on Tuesday introduced a MacBook Air notebook and other machines with its first central processor designed in-house for Macs, a move that will tie its computers and iPhones closer together technologically. The new chip, called the M1, marks a shift away from Intel Corp (O:INTC)… More
According to crypto analytic firm ByteTree, the popular stock-to-flow model is not a reliable indicator for Bitcoin’s long term price action. The stock-to-flow model is flawed, says Charlie Morris, co-founder and CIO of crypto data firm ByteTree. According to the popular theory developed by quantitative analyst Plan B, Bitcoin’s capped supply is the key feature that… More
By Gina Lee Investing.com – Investors are still reeling from the shock of Ant Group Co. halting its dual listing in Shanghai and Hong Kong on Tuesday, two days before shares were set to trade in the $35 billion listing, the world’s largest to date. Alibaba (NYSE:BABA) Group Holding (HK:9988), Ant Group’s parent company, saw… More
Introduction Whether we are in Bangkok or San Francisco, Milan, or Sao Paulo, if we are looking to do an Internet search, chances are Google is our search engine go-to. The multinational tech company has cornered the search market, capturing roughly 90% of the global market share. But few areas are where still it lags […] More
BEIJING/SHANGHAI (Reuters) – China’s central bank and three financial regulators held talks with Ant Group Co Ltd’s top executives and its founder Jack Ma on Monday as Beijing published new draft rules for online micro-lending. The meeting comes after Ma questioned whether international financial regulations are suitable for the Chinese economy at a summit held… More
PARIS (Reuters) – Amazon is withdrawing advertising for pre-Black Friday discounts in France, after the government said the campaign was unfair to small shops at time when a coronavirus lockdown has forced them to close. France entered its second national lockdown on Friday to try to contain a surge in infections. The curbs imposed under… More
(Reuters) – Japan on Friday said it had picked Mitsubishi Heavy Industries (T:7011) (MHI) to lead the development of a new stealth fighter jet that Japan wants operational the mid-2030s to counter advanced Chinese aircraft. “We awarded the prime contract to Mitsubishi Heavy,” a ministry of defence spokesman said. The fighter jet project, which is… More
(Reuters) – Equitable Holdings Inc (N:EQH) said on Tuesday it has entered into an agreement with Venerable Holdings Inc to reinsure about $12 billion in annuities, which will help the insurance firm to return capital to its shareholders. Venerable, a privately held company, will reinsure legacy variable annuity policies sold between 2006 and 2008 under… More
By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) – Shares in Samsung Electronics (OTC:SSNLF) Co Ltd and affiliates rose on Monday after the death a day earlier of Chairman Lee Kun-hee sparked hopes for restructuring and stake sales, analysts said. Investors were betting that such measures would be needed to pay a hefty inheritance tax,… More
By Niket Nishant (Reuters) – American Express Co (N:AXP) on Friday warned that business travel spending would not pick up before early 2022 after reporting underwhelming third-quarter profit due to weak spending on travel and entertainment by its card users. In what appears to be a shift in strategy, the New York-based credit card issuer,… More
(Reuters) – Sergio Ermotti, the outgoing chief executive officer of UBS Group AG (S:UBSG), has agreed to serve as chairman of Investindustrial Acquisition Corp, the blank check company said in a U.S. filing. Ermotti, who has led the world’s largest wealth manager since 2011, will take over the role from Jan. 1, Investindustrial said in… More
AAPL 
GOOG 
MSFT 
AMZN 
TSLA 
FB TWTR 
DELL 
INTC 
AMD 
NVDA 
WMT 