Over there Some of the world’s most important cryptocurrency exchanges — platforms like Binance and FTX — are not based in the United States. Yet their founders grew up in North America and trace their professional roots to Wall Street.…
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World stocks perk up as volatile week ends on a high
LONDON (Reuters) – World stocks markets perked up on Friday after a volatile week in which sentiment over the global economic outlook waxed and waned with each new headline on the Delta variant of the coronavirus.FILE PHOTO: The London Stock…
Asian shares dragged by vaccination lag, Wall St fares better
SYDNEY (Reuters) – Asian share markets were in a mixed mood on Friday after a volatile week in which sentiment over global growth waxed and waned with every new headline on the Delta variant.FILE PHOTO: A man looks at stock…
Australia's Star Entertainment pulls $6.6 billion bid for Crown Resorts
(Reuters) -Australian casino operator Star Entertainment Group on Friday withdrew a A$9 billion ($6.6 billion) buyout proposal for rival Crown Resorts Ltd after an inquiry heard the target should lose its main licence, sending its shares lower.FILE PHOTO: The logo…
GIC increasing focus on sustainable investments
SINGAPORE – GIC has, in recent months, been investing in technologies geared towards reducing food waste and transitioning towards electric vehicles. The sovereign wealth fund launched its Sustainable Investment Fund last July, as it seeks to identify sustainability-related opportunities amid…
‘Change is coming’ to streaming, Jason Kilar, the WarnerMedia chief, says.
AT&T may not want HBO Max anymore, but the streaming platform is gaining traction with customers. HBO and HBO Max, home to genre-bending franchises such as “Game of Thrones” and “The Sopranos” and Hollywood blockbusters like “Wonder Woman 1984,” have…
U.S. housing market floats back to earth
NEW YORK (Reuters) – The U.S. housing market appears to be straining under the weight of its own pandemic-driven success. Recent data shows the sector is returning from the stratosphere and coming back to pre-COVID levels, as evidenced by a…
U.S. housing market floats back to earth
NEW YORK (Reuters) – The U.S. housing market appears to be straining under the weight of its own pandemic-driven success. Recent data shows the sector is returning from the stratosphere and coming back to pre-COVID levels, as evidenced by a…
Stock Takes: Big deals missing in action from NZ market
Australia is seeing a raft of big takeover offers for its listed companies while in New Zealand merger and acquisition activity seems to be concentrated at the smaller privately owned end of the market. Earlier this month Sydney Airport rejected…
Mercedes-Benz will shift its focus to electric vehicles by 2025.
Mercedes-Benz will shift its focus entirely to electric vehicles in 2025 and be prepared to sell nothing but electric cars by 2030, the company said Thursday, adding a caveat that the transition depends on “market conditions.” Mercedes thus joined a…