SoftBank Group Raises $22B Through Deals That Would Slash Its Alibaba Stake
[ad_1] Japanese multinational conglomerate SoftBank Group Corp SFTBY has raised $22 billion in cash through deals that would significantly trim its stake in Alibaba Group Holding Ltd. BABA over the coming years, reported Financial Times.…
Alibaba Surges Over 5% Ahead Of Earnings As Hang Seng Tracks Wall Street Higher
[ad_1] Hong Kong’s benchmark Hang Seng Index rose over 2% in opening trade on Thursday, following an upbeat session on Wall Street overnight. Hong Kong Stocks Today …
Jim Cramer Says Falling Oil Prices Show Inflation Not Having Peaked Is A ‘Lie’
[ad_1] Television personality and author Jim Cramer said the speed of decline in oil refutes the theory that inflation has not peaked yet. “The inflationistas simply refuse to believe it…
Zomato Share Price Crashes And Recovers On Potential Uber Investment Exit
[ad_1] Shares of Indian food delivery app Zomato Ltd crashed up to 9.6% in opening trade on the BSE following reports Uber Technologies Inc UBER is looking to sell its…
Australian Consumers Lost $14M To Bond Impostor Scams In H1 2022
[ad_1] Losses made by Australians falling prey to impostor bond scams nearly tripled in the first half of 2022 as consumers lost over $14 million in their quest for returns.…
Mark Mobius On Metaverse, Crypto, Recession And Emerging Markets
[ad_1] 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…
Alibaba, JD, EV Stocks Rise As Hang Seng Sidelines Pelosi-Linked Taiwan Tensions
[ad_1] 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…
What Alibaba, Tencent And Baidu’s June-Quarter Earnings May Look Like
[ad_1] Alibaba Group Holding Ltd. 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…
Yen’s ‘Hectic’ Swings Gives Sleepless Nights To Japan Policymakers
[ad_1] Japanese Finance Minister Shunichi Suzuki described the recent yen swings as “hectic” and highlighted the complications in responding to sharp currency moves, according to Reuters. Suzuki reportedly said he would carefully observe…
TSMC Shares Fall Over 2% As China On Alert Ahead Of Possible Pelosi Visit To Taiwan
[ad_1] Shares of chipmaker Taiwan Semiconductor Mfg. Co. Ltd. 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…
Hang Seng Index Today: Alibaba, JD, Nio Fall As Nancy Pelosi’s Taiwan Plan Keeps Markets On Edge
[ad_1] 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…
Oil Prices Fall As Weak Factory Data Stokes Demand Concerns
[ad_1] Oil continued its downward trend during Tuesday morning trading session in Asia after several countries reported weak manufacturing data stoking fears of sluggish demand. Surveys from the United States,…
Gold Bullion Bankers Try To Save The Market After Putin’s Ukraine Invasion Creates Hardship
[ad_1] Fund managers have been working hard to remove Russian gold off their books to avoid reputational risks following a de facto ban, instigated by the London market in early…
Will Alibaba Be Delisted From NYSE? Here’s What The Firm Says
[ad_1] Alibaba Group Holding Inc. 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…
Oil Dips Ahead Of OPEC+ Meet On Wednesday: Weak China, Japan Data Sour Sentiment
[ad_1] Oil prices fell on Monday morning in Asia trading ahead of a crucial meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies on Wednesday that marks the…
Alibaba Stock Slides On US Delisting Fears: Hang Seng Index Weakens Ahead Of Private China PMI Data
[ad_1] Hong Kong’s benchmark Hang Seng Index opened in the red on Monday, losing 0.88%, ahead of the release of China’s Caixin/Markit manufacturing purchasing managers’ index for July. Shares of…
Alibaba Stock Slides After Report Of Jack Ma’s Ant Plan: Hang Seng Falls Despite Wall Street Rally
[ad_1] Hong Kong’s benchmark Hang Seng Index was in the red on Friday, losing over 0.5% in opening trade, despite a continuing rally on Wall Street. Alibaba shares fell close…
SBI Life Results Today: Why Shares’ Price Is Rising
[ad_1] Indian insurance giant SBI Life Insurance Company Ltd’s shares surged over 8.5% in the early morning Asian session as the firm reported an 18% rise in its net profit…
Amazon Highlights EV Tie-Up With India’s Tata Motors For Delivery Fleet
[ad_1] While reporting upbeat earnings on Thursday, Amazon.com, Inc. AMZN also highlighted its partnership with Indian auto giant Tata Motors Limited ADR TTM. The Partnership: Amazon signed an agreement with…
Oil Rises On Tight Supply, Weak Dollar As Traders Eye OPEC+ Meeting Next Week
[ad_1] Oil prices rose marginally higher in Asia trading on Friday morning, driven by tight supplies and a weak dollar, as investors shifted their focus to a planned meeting between the Organization…
Why Dollar-Yen Trades Are Losing Favor Among Hedge Funds
[ad_1] Hedge funds have reportedly unwound long dollar-yen trades after the U.S. Federal Reserve hinted the pace of prospective hikes could be slower. Price Movement: From a low of 137.46…
Japan’s Meiji Yasuda Mulls Buying US Bonds If Dollar Weakens Against Yen
[ad_1] Japanese insurance giant Meiji Yasuda Life Insurance Co reportedly said it may look at buying U.S. Treasuries at a yield of 3% without any currency hedging if the dollar…
Oil Rises As US Stockpiles Fall And Exports Peak: What To Expect As Fed Eases Inflation Concerns
[ad_1] Oil climbed in Thursday morning Asia trade as U.S. crude stockpiles fell by the most since the end of May, while exports hit a record high, reported Bloomberg. The U.S.…
Alibaba Falls, Nio Rises: Hang Seng Weakens After Hong Kong Central Bank Hikes Rates
[ad_1] Hong Kong’s benchmark Hang Seng Index edged lower on Thursday morning, with major U.S.-listed Chinese stocks trading mixed, after the city’s central bank hiked interest rates in tune with the U.S. Federal…
Bill Ackman Explains Why Inflation, Not Fed Rate Hike, Is Biggest Threat To US Economy
[ad_1] Billionaire hedge fund manager and CEO of Pershing Square Holdings Ltd. PSHZF Bill Ackman explained through a series of tweets that the biggest risk to the U.S. economy does…