Global markets jittery over potential interest rate hikes and inflation concerns
Global markets are grappling with uncertainty as central banks worldwide signal a tightening monetary policy amidst rising inflation fears. On…
Lawyers who sued Tesla board for excess pay want $10,000 an hour
(Reuters) – A legal team that forced Tesla (NASDAQ:TSLA)’s directors to agree in July to return more than $700 million…
Toshiba says $14 billion takeover bid by JIP succeeds, set to go private
(Reuters) – Toshiba said on Thursday that a $14 billion tender offer from private equity firm Japan Industrial Partners (JIP)…
South Korean stocks hit month-low amid US Federal Reserve’s hawkish stance
Thursday saw a significant downturn in the South Korean stock market, with the benchmark Korea Composite Stock Price Index (KOSPI)…
Big four banks grilled over regional branch closures in Australia
The big four Australian banks are facing increasing scrutiny over their decisions to close branches in rural and regional areas.…
Exclusive-Unilever launches new bid to sell Q Tips and other brands-sources
(Reuters) – Unilever (LON:ULVR) Plc has hired investment banks Morgan Stanley and Evercore Inc to sell a basket of non-core…
Exclusive-Vietnam’s VinFast to deliver EVs to Europe this year as EU probes China rivals
(Reuters) -Vietnamese electric vehicles maker VinFast (NASDAQ:VFS) plans to ship its first EVs to Europe this year after receiving regulatory…
Australia stocks lower at close of trade; S&P/ASX 200 down 1.37%
Australia stocks were lower after the close on Thursday, as losses in the Energy, Financials and Healthcare sectors led shares…
Former Millennium and Morgan Stanley executive raises $3 billion for new Asia-focused hedge fund
Kurt Baker, a former executive at Millennium Management and Morgan Stanley’s Asia prime brokerage, is currently raising nearly $3 billion…
Samsung Galaxy S22 makes first 5G satellite call via AST SpaceMobile’s network
Telecommunications firm AST SpaceMobile has achieved a significant milestone by successfully establishing the first-ever 5G connection for voice and data…