NEW DELHI (Reuters) – Taiwan’s Foxconn said on Monday it had withdrawn from a joint venture with conglomerate Vedanta, in a blow to Indian Prime Minister Narendra Modi’s chipmaking p[...]
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Technology
Citigroup downgrades US stocks amid recession risks, upgrades Europe
(Reuters) -Citigroup on Monday downgraded U.S. stocks in anticipation of a pullback in growth stocks and a recession in the fourth quarter of the year, while betting on beaten-down counterparts in Eur[...]
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Alibaba and Tencent buoyed by hopes China tech crackdown to end
By Scott Murdoch and Julie Zhu HONG KONG (Reuters) – Alibaba Group and Tencent shares rose in Hong Kong on Monday as China’s $984 million fine for Ant Group was viewed as signalling the en[...]
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Explainer-What’s next for Ant after its nearly $1 billion fine?
BEIJING (Reuters) – The announcement of a nearly $1 billion fine by Chinese regulators on Ant Group has drawn a line under the fintech giant’s woes and given hope to investors that a regul[...]
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Analysis-U.S. crypto lobbyists court Democrats in fresh legislative push
By Michelle Price WASHINGTON (Reuters) – Embattled by a U.S. Securities and Exchange Commission (SEC) crackdown, crypto companies are making a renewed push on Capitol Hill to drum up support for[...]
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Meta’s ‘friendly’ Threads collides with unfriendly internet
By Katie Paul NEW YORK (Reuters) -Mark Zuckerberg has pitched Meta’s Twitter copycat app, Threads, as a “friendly” refuge for public discourse online, framing it in sharp distinction[...]
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China’s state planner holds meeting with private firms, including Baidu
(Corrects to clarify Li Qiang is head of the State Council, not state planner) BEIJING (Reuters) – China’s state planner said on Monday it held a meeting with private firms including Baidu[...]
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What people are saying about Ant Group’s $984 million fine and share buyback
(Reuters) – China’s Ant Group has announced a surprise share buyback that values the fintech giant at $78.5 billion, well below the $315 billion touted in an abandoned IPO in 2020, in a mo[...]
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TPG to buy Forcepoint unit from Francisco Partners for $2.45 billion – WSJ
(Reuters) – Buyout house TPG is buying a business unit of software provider Forcepoint for $2.45 billion from Francisco Partners, the Wall Street Journal reported on Sunday citing people familia[...]
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