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November 30, 2021

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India’s Paytm falls as net loss widens on higher expense

Reuters
The interface of Indian payments app Paytm is seen in front of its logo displayed in this illustration picture taken July 7, 2021. REUTERS/Florence Lo/Illustration//File Photo Register now for FREE unlimited access to reuters.com Register NEW DELHI, Nov 29 (Reuters) – Shares in India’s One 97 Communications Ltd (PAYT.NS), the......

China asks Didi to delist from U.S. on data security fears – Bloomberg News

Reuters
SHANGHAI, Nov 26 (Reuters) – Chinese regulators have asked top executives of ride hailing giant Didi Global Inc (DIDI.N) to devise a plan to delist from the New York Stock Exchange due to concerns about data security, Bloomberg News reported. China’s tech watchdog wants the management to take the company......

Consortium of Japanese firms to test digital currency in coming months, launch in FY2022

Reuters
A man walks past in front of a sign board of Mitsubishi UFJ Trust and Banking Corporation, the asset management unit of Japan’s Mitsubishi UFJ Financial Group Inc. (MUFG), in Tokyo, Japan July 31, 2017. REUTERS/Issei Kato/Files Register now for FREE unlimited access to reuters.com Register Consortium includes Japan’s three......

Tencent boosts Prosus profit, e-commerce trading loss widens

Reuters
A logo of Prosus is diplayed at Amsterdam’s stock exchange building as Prosus begins trading on the Euronext stock exchange in Amsterdam, Netherlands, September 11, 2019. REUTERS/Piroschka van de Wouw/File Photo Register now for FREE unlimited access to reuters.com Register AMSTERDAM/JOHANNESBURG, Nov 22 (Reuters) – Prosus, which owns a $175......

India’s Paytm falls for second day after debut debacle

Reuters
BENGALURU, Nov 22 (Reuters) – Digital payments firm Paytm (PAYT.NS) fell for a second session on Monday, shaving off $7.75 billion from its market value since its dismal debut in India’s biggest initial public offering last week. Shares fell 17.78% as of 0733 GMT to 1,271 rupees compared with the......

India’s Paytm crashes in market debut, business model questioned

Reuters
MUMBAI, Nov 18 (Reuters) – Indian digital payments firm Paytm (PAYT.NS) tumbled 26% on its maiden day of trade, with investors questioning its lack of profits and the lofty valuations it gained in the country’s largest-ever IPO. While there had been some expectations that Paytm’s market debut could underwhelm, the......

Oil prices mixed on tight inventories, demand worries

Reuters
The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann/File Photo Trafigura CEO Weir sees ‘very, very tight’ oil market Oil price rally set to ease as supply rebounds, IEA says Fears of COVID lockdown in Europe, rising......

Saudi PIF nearly triples U.S. stock holdings; adds Walmart, Pinterest

Reuters
DUBAI, Nov 15 (Reuters) – The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, nearly tripled its holdings of U.S.-listed stocks to $43.45 billion in the third quarter, adding shares of Alibaba Group , Walmart (WMT.N) and Pinterest (PINS.N). Its U.S.-listed stock holdings in the quarter ended Sept. 30......

Coal stocks lose ground after Glasgow climate deal

Reuters
Smoke billows from a chimney at a coking factory in Hefei, Anhui province October 2, 2010. REUTERS/Stringer/File Photo Coal miners down in Asia Selling crimps long rally amid energy squeeze Oil, gas steady; China coal futures sink amid output surge SYDNEY, Nov 15 (Reuters) – An international agreement to reduce......

China state council think-tank met developers, banks, says source, as debt woes mount

Reuters
The Chinese national flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter/File Photo SHANGHAI/BEIJING, Nov 9 (Reuters) – A think-tank of China’s powerful state council met real estate developers and banks in Shenzhen city, a source with direct knowledge of the meeting told Reuters, amid intensifying worries over......

SoftBank-backed Indian logistics startup Delhivery files for $997 mln IPO

Reuters
BENGALURU, Nov 2 (Reuters) – SoftBank Group (9984.T)-backed Indian logistics firm Delhivery has filed for an initial public offering of up to 74.6 billion rupees ($997.33 million), joining a long list of startups that have tapped the capital market this year. The filing comes on the heels of several public......

Analysis: China’s property woes put prestige global projects in play

Reuters
LONDON, Oct 31 (Reuters) – China’s property sector woes could spell trouble for prestige mega-projects in London, New York, Sydney and other top cities as the developers behind them scramble for cash. While China Evergrande Group’s (3333.HK) struggles have dominated the crisis, the risk to multi-trillion dollar global property markets......

EXCLUSIVE SoftBank in talks to sell French robotics business to Germany’s United Robotics

Reuters
TOKYO, Oct 22 (Reuters) – SoftBank Group Corp is in talks to sell the Paris-based robotics business behind its Pepper android to Germany’s United Robotics Group, according to sources and documents reviewed by Reuters, scaling back a business it once touted as a major growth driver. The talks are ongoing......

China asking state-backed firms to pick up Evergrande assets – sources

Reuters
An aerial view shows the construction site of Guangzhou Evergrande Soccer Stadium, a new stadium for Guangzhou FC, developed by China Evergrande Group, in Guangzhou, Guangdong province, China. Picture taken September 26, 2021 with a drone. REUTERS/Thomas Suen HONG KONG, Sept 28 (Reuters) – Beijing is prodding government-owned firms and......

SoftBank backs Steven Mnuchin’s $2.5 bln private equity fund

Reuters
U.S. Treasury Secretary Steven Mnuchin speaks during a House Financial Services Committee hearing in Washington, December 2, 2020. Greg Nash/Pool via REUTERS/File Photo Sept 22 (Reuters) – SoftBank Group (9984.T) will invest in a $2.5 billion private equity fund set up by former U.S. Treasury secretary Steven Mnuchin, the Japanese......

SoftBank renews bet on Latin America with $3 bln fund

Reuters
SoftBank Corp’s logo is pictured at a news conference in Tokyo, Japan, February 4, 2021. REUTERS/Kim Kyung-Hoon/File Photo SAO PAULO, Sept 14 (Reuters) – SoftBank Group Corp (9984.T) on Tuesday launched a $3 billion fund to invest in technology companies in Latin America in a bid to build on the......

Beijing city looks to take Didi under state control, Bloomberg News reports

Reuters
Sept 3 (Reuters) – Beijing city is considering taking Didi Global (DIDI.N) under state control and has proposed that government-run firms invest in the Chinese ride-hailing company, Bloomberg News reported. The central thrust of the city government’s proposal is to regain control over one of its largest corporations, and particularly......

SoftBank’s Vision Fund posts $2 bln profit, share weakness casts shadow

Reuters
Didi, Full Truck Alliance listed during Q1 China regulatory action has hit valuations SoftBank to wait and see on China -Son China remains compelling opportunity -executive Further upside from India investments listing -executive TOKYO, Aug 10 (Reuters) – SoftBank Group Corp’s (9984.T) Vision Fund unit posted on Tuesday a first-quarter......

Morrisons’ bidder issues mild pre-emptive strike – Reuters

Reuters
Morrisons’ bidder issues mild pre-emptive strike Reuters Source – For more click here To Return to the Main Aggregate News Page – click here Break’n Pics – Click here for Free Stock Photos...

UK’s Morrisons agrees to raised $9.3 bln offer from Fortress-led group

Reuters
A customer carries a shopping bag outside a Morrisons supermarket in New Brighton, Britain, July 5, 2021. REUTERS/Phil Noble Fortress raises offer to 272p/shr Hopes raised bid will ward off rival suitor Morrisons board unanimously recommends offer CD&R has until Aug. 9 to respond Morrisons shares trading above offer level......

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