Alibaba’s Cainiao eyes Hong Kong IPO for expansion
Cainiao, the logistics arm of Chinese e-commerce giant Alibaba (NYSE:BABA), is planning an initial public offering (IPO) in Hong Kong…
JPMorgan Chase settles Epstein-related claims for $75M with U.S. Virgin Islands, former executive
JPMorgan Chase (NYSE:JPM) has reached settlements with the government of the U.S. Virgin Islands and its former head of private…
South Korean stocks slide on Wall Street’s lead and Fed’s monetary tightening
South Korean stocks opened lower on Wednesday, mirroring an overnight drop on Wall Street, amid persistent concerns about further interest…
Airbnb CEO urges Parisians to put homes up for rent for Olympics
(Reuters) – Airbnb is expecting to host up to half a million people in Paris during the 2024 Olympics and…
European stocks edge higher; H&M soars on quarterly profit
European stock markets edged higher in tight trading ranges Wednesday, as investors continued to digest elevated inflation levels, soaring bond…
PwC Australia gave clients other than Google confidential tax info
(Reuters) – PwC Australia gave multiple clients confidential information leaked from Australian government tax briefings, the company said on Wednesday,…
Factbox-Amazon.com faces an array of US consumer, state antitrust lawsuits
(Reuters) – A lawsuit by the U.S. Federal Trade Commission against Amazon.com (NASDAQ:AMZN), expected to be filed as soon as…
Microsoft earns upgrade on GenAI prospects: 5 big analyst picks
Microsoft has no more Sell ratings as Guggenheim upgrades Guggenheim upgraded Microsoft (NASDAQ:MSFT) to Neutral from Sell. Following this upgrade,…
Analysis-Cisco’s $28 billion Splunk deal may ignite software deal frenzy
(Reuters) – Cisco Systems (NASDAQ:CSCO)’ $28 billion deal for Splunk (NASDAQ:SPLK) is likely to prompt other technology giants to splash…
Alibaba aims to spin off logistics arm Cainiao in Hong Kong IPO
(Reuters) – Alibaba (NYSE:BABA) Group’s logistics arm Cainiao plans a Hong Kong initial public offering that would make it as…