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January 28, 2022

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EXCLUSIVE Tencent plans to take U.S.-listed streaming firm DouYu private -sources

Reuters
People walk past a booth of live-streaming platform Douyu at the ChinaJoy digital entertainment expo in Shanghai, China July 28, 2016. REUTERS/Stringer/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 27 (Reuters) – Tencent Holdings Ltd (0700.HK) plans to take DouYu International Holdings Ltd private amid disagreements......

Robinhood posts $423 mln net loss, shares sink after hours

Reuters
Robinhood logo is seen on a smartphone in front of a displayed same logo in this illustration taken, July 2, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Jan 27 (Reuters) – Commission-free brokerage Robinhood Markets Inc (HOOD.O)on Thursday posted a $423 million net loss in......

Visa profit beats quarterly estimates on higher spending

Reuters
A Visa credit card is seen on a computer keyboard in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration Register now for FREE unlimited access to Reuters.com Register NEW YORK, Jan 27 (Reuters) – Visa Inc (V.N) beat Wall Street quarterly estimates on Thursday as improving consumer sentiment, online......

U.S. retail investors kept buying stocks on Fed day -analysts

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 26, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register NEW YORK/MILAN, Jan 27 (Reuters) – Retail investors bought a net of $1.66 billion in equities on Wednesday when......

Court dismisses claims Robinhood wrongly restricted “meme stock” trades

Reuters
The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company’s IPO in New York City, U.S., July 29, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 27 (Reuters) – A U.S. federal court on Thursday dismissed......

Stellantis set to repay state-backed Italian loan early, sources say

Reuters
Workers install a flag with the logo of Stellantis, the world’s fourth-largest automaker which starts trading in Milan and Paris after Fiat Chrysler and Peugeot maker PSA finalised their merger, at the main entrance of FCA Mirafiori plant in Turin, Italy, January 18, 2021. REUTERS/Massimo Pinca Register now for FREE......

Stellantis eyes greater stake of GAC JV in Chinese overhaul

Reuters
The logo of Stellantis is seen in this image provided on November 9, 2020. Communication FCA /Handout via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register Stellantis says stake in JV would increase to 75% GAC says no formal agreement agreement signed JV produces Jeep-branded vehicle in......

Shipper MSC wants lead role in deal for ITA Airways – papers

Reuters
The MSC logo is pictured on working helmet during a press visit of the MSC Meraviglia class ship at the STX Les Chantiers de l’Atlantique shipyard site in Saint-Nazaire, France, September 2, 2016. REUTERS/Stephane Mahe Register now for FREE unlimited access to Reuters.com Register ROME, Jan 27 (Reuters) – Shipping......

Norway wealth fund earns second-highest return in 2021

Reuters
A general view of the Norwegian central bank, where Norway’s sovereign wealth fund is situated, in Oslo, Norway, March 6, 2018. REUTERS/Gwladys Fouche/File Photo Register now for FREE unlimited access to Reuters.com Register OSLO, Jan 27 (Reuters) – Norway’s sovereign wealth fund, the world’s largest, earned a return on investment......

Dubai regulator fines Abraaj founder Naqvi $136 million

Reuters
Arif Naqvi, founder and Group CEO, Abraaj Capital, and Co-Chair of the Governors Meeting for Investors 2010 attends a session at the World Economic Forum (WEF) in Davos January 27, 2010. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register DUBAI, Jan 27 (Reuters) – Dubai’s financial regulator......

Spanish bank Sabadell swings to fourth-quarter profit

Reuters
A woman leaves a Sabadell bank office in Barcelona, Spain, September 7, 2021. REUTERS/ Albert Gea Register now for FREE unlimited access to Reuters.com Register Books 2021 net profit of 530 mln euros, above 403 mln forecast TSB contributes 118 mln euros to 2021 group profit Group expects retiurn on......

China shares, yuan drop after Powell vows sustained fight against inflation

Reuters
CSI300 falls to lowest level since Sept. 2020 Tech shares lead losses, IT index down 2.46% Yuan heads for biggest one-day loss vs. Dollar in 7 weeks Stock Connect shows nearly 8 bn yuan in outflows SHANGHAI, Jan 27 (Reuters) – Chinese shares slumped to nearly 16-month lows and the......

Ackman’s Pershing Square takes new position in Netflix

Reuters
Bill Ackman, CEO of Pershing Square Capital, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 17, 2017. REUTERS/Mike Blake/File Photo Register now for FREE unlimited access to Reuters.com Register BOSTON, Jan 26 (Reuters) – Billionaire investor William Ackman has built a new stake in......

Tesla sees supply chain issues throughout 2022 after record earnings

Reuters
SAN FRANCISCO, Jan 26 (Reuters) – Tesla Inc (TSLA.O) on Wednesday expected supply chain issues to continue through this year, after posting record quarterly revenue that beat Wall Street estimates. The stock fell 2.7% in after-hours trading. Revenue rose to $17.72 billion in the fourth quarter, from $10.74 billion a......

Inbursa ‘waiting to see’ before expressing interest in Citibanamex bid

Reuters
A logo of Citibanamex is pictured in Mexico City, Mexico, February 22, 2018. REUTERS/Edgard Garrido/File Photo Register now for FREE unlimited access to Reuters.com Register MEXICO CITY, Jan 26 (Reuters) – Mexican bank Inbursa (GFINBURO.MX) said it would wait to know more about the sale of Citigroup’s Mexico retail operations,......

Fed says U.S. interest rates could rise ‘soon’

Reuters
Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen as a trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., December 15, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Central bank......

Nasdaq profit tops Street views on IPO surge, investment products demand

Reuters
The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York City, U.S., December 3, 2021. REUTERS/Jeenah Moon Register now for FREE unlimited access to Reuters.com Register Jan 26 (Reuters) – Nasdaq Inc (NDAQ.O) on Wednesday reported a nearly 16% jump in fourth-quarter profit, topping......

Italian CEOs’ Putin call exposes European discord

Reuters
Russian President Vladimir Putin speaks over the phone with Turkish President Tayyip Erdogan while he inspects the work on the Turkish Stream gas pipeline project aboard the Pioneering Spirit pipeline-laying ship in the Black Sea near Anapa, Russia, June 23, 2017. Sputnik/Mikhail Klimentyev/Kremlin via REUTERS Register now for FREE unlimited......

Wizz Air warns of more losses before recovery takes off

Reuters
A Wizz Air Airbus A320 from Sofia, Bulgaria taxis to a gate after landing at Luton Airport after Wizz Air resumed flights today on some routes, following the outbreak of the coronavirus disease (COVID-19), Luton, Britain, May 1, 2020. REUTERS/Andrew Boyers/File Photo Register now for FREE unlimited access to Reuters.com......

Exclusive: SoftBank-backed Gopuff hires banks for IPO

Reuters
Jan 25 (Reuters) – Gopuff, the SoftBank Group Corp-backed delivery startup that was valued at about $15 billion last year, has tapped banks to lead preparations for a U.S. initial public offering (IPO), people familiar with the matter said on Tuesday. U.S.-based Gopuff, which operates in 1,000 cities in the......

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