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  • amundi’s-china-wealth-jv-garners-$11-billion-in-15-months-since-launch
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    Amundi’s China wealth JV garners $11 billion in 15 months since launch

    By Selena Li HONG KONG (Reuters) – Europe’s largest asset manager Amundi has garnered more than $11 billion of assets from Chinese investors since it became the first foreign-controlled joint venture (JV) to launch operations in the country 15 months ago. Huihua Wealth Management, 55% owned by Amundi and the rest by a unit of… More

  • kazakh-president-says-constitutional-order-has-mostly-been-restored
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    Kazakh president says constitutional order has mostly been restored

    By Olzhas Auyezov ALMATY (Reuters) – Kazakh President Kassym-Jomart Tokayev said on Friday that constitutional order had mostly been restored in the Central Asian country hit by unrest this week, his office quoted him as saying in a statement. The Kazakh interior ministry said in a separate statement that 26 “armed criminals” had been “liquidated”… More

  • amd-amends-globalfoundries-deal,-will-buy-$2.1-billion-worth-of-wafers

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    AMD amends GlobalFoundries deal, will buy $2.1 billion worth of wafers

    (Reuters) -Chip firm Advanced Micro Devices (NASDAQ:AMD) will acquire about $2.1 billion of silicon wafers from GlobalFoundries from 2022 through 2025 in an amended agreement, according to a regulatory filing on Thursday. AMD had agreed to buy $1.6 billion worth of chips between 2022 and 2024, according to a filing with the U.S. Securities and… More

  • china-supports-debt-issuance-by-developers-to-fund-acquisitions-–-sec-times
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    China supports debt issuance by developers to fund acquisitions – Sec Times

    SHANGHAI (Reuters) – A Chinese self-regulatory body overseeing the interbank market will support debt issuance by qualified developers to fund acquisitions of real estate projects and finance completion of unfinished buildings, the official Securities Times reported on Friday. The National Association of Financial Market Institutional Investors (NAFMII) held a meeting with Chinese developers on Friday… More

  • china-asks-didi-to-delist-from-us.-on-security-fears-–-bloomberg-news
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    China asks Didi to delist from U.S. on security fears – Bloomberg News

    SHANGHAI (Reuters) – Chinese regulators have asked top executives of ride hailing giant Didi Global Inc to devise a plan to delist from U.S. bourses on data security fears, Bloomberg News reported. China’s tech watchdog wants the management to take the company off the New York Stock Exchange on concerns about leakage of sensitive data,… More

  • gm-to-launch-10-evs-in-s.korea-by-2025;-no-plans-for-local-manufacture
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    GM to launch 10 EVs in S.Korea by 2025; no plans for local manufacture

    By Heekyong Yang SEOUL (Reuters) – General Motors Co (NYSE:GM) will launch 10 electric vehicles (EVs) for the South Korean market by 2025, but has no plans yet to manufacture EVs in the country, Steven Kiefer, the head of GM’s international operations said on Friday. The No.1 U.S. automaker, which warned last year that persistent… More

  • asian-shares,-us.-futures-slip-after-earnings-disappointment
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    Asian shares, U.S. futures slip after earnings disappointment

    By Alun John HONG KONG (Reuters) – Asian shares and U.S. stock futures slipped on Friday, as Amazon (NASDAQ:AMZN) and Apple quarterly earnings bucked a recent strong trend and growth and inflation fears continued to weigh. Investors, particularly in bond and currency markets, are also worried about varied responses by central banks worldwide to rising… More

  • australia-regulator-sues-iag-unit-for-failing-to-honour-discount-promises
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    Australia regulator sues IAG unit for failing to honour discount promises

    (Reuters) – Australia’s corporate regulator commenced civil proceedings against a unit of Insurance Australia Group on Friday, for failing to pass on discounts worth A$60 million ($44.51 million) to nearly 600,000 customers. The Australian Securities and Investments Commission (ASIC) alleged that Insurance Australia Limited (IAL) – the home, motor and landlord insurance arm of IAG… More

  • upstart-holdings:-great-business-at-expensive-price
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    Upstart Holdings: Great Business at Expensive Price

    Upstart Holdings (NASDAQ:UPST) is a relatively young company in the tech space, founded in 2012 by former Google (NASDAQ:GOOGL) employees. Upstart provides a leading, cloud-based AI lending platform. The company’s platform essentially assesses consumer demand for high-quality loans and connects it to its network of AI-enabled bank partners. Such partners include First National Bank of… More

  • theater-chain-amc-to-accept-other-cryptocurrencies-along-with-bitcoin
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    Theater chain AMC to accept other cryptocurrencies along with bitcoin

    (Reuters) -AMC Entertainment Holdings Inc boss Adam Aron said the theater chain would accept ether, bitcoin cash and litecoin alongside bitcoin for ticket purchases, as cryptocurrencies gain acceptance among mainstream investors and companies. “Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I… More

  • how-williams-sonoma-stock-beats-inflation
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    How Williams-Sonoma Stock Beats Inflation

    Williams-Sonoma, Inc. (NYSE:WSM) is an omnichannel specialty retailer offering a broad range of home goods, such as cooking, dining, and entertaining products. The company is on the right side of inflation. Recently, the home goods retailer hiked its dividend by 20% to 0.71 per share. This could help protect investor income from inflation, which has… More

  • hsbc-profit-more-than-doubles-as-economies-rebound,-loan-loss-fears-ebb
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    HSBC profit more than doubles as economies rebound, loan-loss fears ebb

    By Alun John and Lawrence White HONG KONG/LONDON (Reuters) -HSBC Holdings on Monday reported forecast-beating first-half pretax profit that more than doubled from a weak performance last year when it made huge provisions for pandemic-related bad loans. Encouraged by an economic rebound in Hong Kong and Britain, its two biggest markets, HSBC reinstated dividend payments… More

  • amazon-eyes-potential-stake-in-india’s-inox-leisure-–-indian-express
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    Amazon eyes potential stake in India’s Inox Leisure – Indian Express

    BENGALURU (Reuters) – Amazon.com Inc (NASDAQ:AMZN)’s India arm is in talks with several domestic players in film and media distribution including cinema chain Inox Leisure Ltd for a potential stake, the Indian Express newspaper reported on Tuesday, citing sources. Shares of Mumbai-headquartered Inox jumped as much as 14.3% to 346.20 rupees in early trade after… More

  • e-commerce-firm-bukalapak-prices-indonesia’s-biggest-ipo-at-top-end-–-sources
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    E-commerce firm Bukalapak prices Indonesia’s biggest IPO at top end – sources

    By Anshuman Daga and Scott Murdoch SINGAPORE (Reuters) – Indonesian e-commerce firm Bukalapak has raised $1.5 billion in its initial public offering, the country’s largest issue, after pricing it at the top of an indicated price range, three sources familiar with the matter said on Wednesday. The IPO by Indonesia’s fourth-biggest e-commerce company, which is… More

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