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May 24, 2022

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Dollar bounces as Snapchat sours mood; Aussie, kiwi sink

Reuters
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, May 24 (Reuters) – The safe-haven dollar clawed back some of its overnight losses on Tuesday and the yen also strengthened as U.S. stock futures......

Asia stocks restrained as U.S. futures retreat

Reuters
Men wearing protective face masks walk under an electronic board showing Japan’s Nikkei share average inside a conference hall, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan January 25, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register Asian stock markets : Nikkei dips as U.S.......

Majority shareholders vote in favor of delisting Didi from New York

Reuters
A screen displays trading information for ride-hailing giant Didi Global on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 3, 2021. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register May 23 (Reuters) – Chinese ride-hailing giant Didi Global will delist......

Canada antitrust watchdog open to deal on Rogers bid for Shaw

Reuters
A person walks near the Rogers Communications building in Toronto, Ontario, Canada on October 22, 2021. REUTERS/Carlos Osorio Register now for FREE unlimited access to Reuters.com Register TORONTO, May 13 (Reuters) – Canada’s competition bureau said on Friday that its decision to start litigation to block a C$20 billion ($15.5......

Anti-Americanism is blinding Chinese policy

Reuters
A paramilitary policeman spreads out the Chinese flag as he raises it in front of the portrait of Chairman Mao Zedong hanging at Tiananmen Gate in Beijing March 5, 2009. REUTERS/David Gray Register now for FREE unlimited access to Reuters.com Register HONG KONG, May 5 (Reuters Breakingviews) – China’s unhealthy......

Musk takes 9% stake in Twitter to become top shareholder

Reuters
Stake valued at about $3 billion Twitter shares surge 20% April 4 (Reuters) – Tesla Inc (TSLA.O) top boss Elon Musk revealed a 9.2% stake in Twitter Inc (TWTR.N), worth nearly $3 billion, likely making him the biggest shareholder in the micro-blogging site and triggering a more than 20% rise......

Russia tells TikTok not to recommend military content to minors

Reuters
Printed TikTok logos are seen in this illustration taken February 15, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Feb 28 (Reuters) – Russia’s communications regulator on Monday demanded TikTok stop including military-related content in recommended posts for minors, in an announcement shared in its official......

EXCLUSIVE S.Africa in talks with Huawei subsidiary to settle lawsuit over hiring

Reuters
Govt says Huawei unit employed too few South Africans Rules require foreign firms to hire 60% locals JOHANNESBURG, Feb 23 (Reuters) – South Africa’s labour department is negotiating a possible out-of-court settlement with a subsidiary of China’s Huawei Technologies Co Ltd (HWT.UL), which it accuses of failing to comply with......

Dating app owner Bumble buys France’s Fruitz in first acquisition

Reuters
Feb 7 (Reuters) – Bumble Inc (BMBL.O) said on Monday it has bought France’s Fruitz in its first acquisition, as the dating app company tries to strengthen its foothold in Europe, where it plays catch-up with Tinder owner Match Group (MTCH.O). The financial terms of the deal were not disclosed.......

Tech stocks edge higher after Meta rout

Reuters
Feb 4 (Reuters) – Growth and technology stocks rebounded on Friday, as traders weighed stellar results from Amazon.com Inc against an unexpectedly strong U.S. employment number that propelled Treasury yields higher. The tech-heavy Nasdaq Composite Index (.IXIC) was recently up around 0.2% a day after a historic crash in shares......

Storm clouds gather at SoftBank Group as valuations slide

Reuters
The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register TOKYO, Feb 4 (Reuters) – Storm clouds hang over SoftBank Group Corp (9984.T) as it prepares to report third-quarter earnings......

Meta shares sink 20% as Facebook loses daily users for the first time

Reuters
Feb 2 (Reuters) – Facebook owner Meta Platforms Inc’s (FB.O) shares plunged more than 20% late on Wednesday after the social media company posted a weaker-than-expected forecast, blaming Apple’s privacy changes and increased competition for users from rivals like TikTok. Facebook’s global daily active users declined from the previous quarter......

Singtel, Grab acquire minority stakes in Indonesian bank

Reuters
A woman using a mobile phone walks behind a Singtel signage at their head office in Singapore February 11, 2016. REUTERS/Edgar Su Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Jan 21 (Reuters) – Singapore Telecommunications (STEL.SI), Southeast Asia’s largest telecoms firm, and ridehailing-to-payments firm Grab Holdings Ltd......

China to order cybersecurity reviews for some firms seeking overseas listings

Reuters
A sign above an office of the Cyberspace Administration of China (CAC) is seen in Beijing, China July 8, 2021. REUTERS/Thomas Peter Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Jan 4 (Reuters) – China’s cyberspace regulator said on Tuesday it will implement new rules from Feb. 15......

China proposes new approval framework for overseas listings

Reuters
BEIJING, Dec 24 (Reuters) – China’s securities regulator proposed tightening rules governing Chinese companies listing abroad on Friday, which it said would improve oversight while allowing firms to continue to do so. The China Securities Regulatory Commission (CSRC) said on its website that it proposed establishing a new framework for......

Facebook appeals UK ruling that it must sell Giphy

Reuters
LONDON, Dec 23 (Reuters) – Facebook-owner Meta (FB.O) is appealing Britain’s ruling that it must sell animated images platform Giphy, saying the evidence does not support the finding that the deal is a threat to its rivals or could impact competition in display advertising. Britain’s Competition and Markets Authority (CMA)......

Softbank Group shares slide 3% after Didi, Arm, Grab triple setback

Reuters
Tokyo, Japan, Feb. 4, 2021. REUTERS/Kim Kyung-Hoon//File Photo Register now for FREE unlimited access to reuters.com Register HONG KONG, Dec 3 (Reuters) – Shares in Japanese conglomerate SoftBank Group Corp (9984.T) dropped over 3% on Friday after the giant tech investor was hit with three disappointments within 24 hours, including......

UK watchdog orders Facebook owner Meta to sell Giphy

Reuters
CMA says Giphy acquisition harms competition Deal was for a reported $400 mln in May 2020 Facebook, now Meta, bought Giphy to integrate with Instagram LONDON, Nov 30 (Reuters) – Facebook owner Meta (FB.O) has been told by the UK competition watchdog to sell popular animated images platform Giphy in......

China sets rules to safeguard drivers’ rights in ride-hailing industry

Reuters
BEIJING, Nov 30 (Reuters) – China outlined new rules on Tuesday to safeguard the rights of drivers in its giant ride-hailing industry, requiring operators of the services to provide them with social insurance and make their earnings public. In a statement, the transport ministry said ride-hailing companies should improve income......

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......

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