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Tag: ECOMMA

  • Shares gain because bank support encourages investors

    MSCI All-World index up 0.3%, dollar falls UBS rehires Ermotti as head of the merged unit Alibaba up 13%, other Chinese tech stocks up Oil rises, gold falls LONDON, March 29 (Reuters) – Global stocks rose on Wednesday as investors took heart from greater levels of stability in the banking sector, but the sense of […]

  • Alibaba’s break-up plan raises hopes that China’s crackdown on technology will come to an end

    March 29 (Reuters) – Shares in Alibaba Group (9988.HK) and other leading Chinese tech companies rose on Wednesday as investors hailed an unprecedented revamp of the Jack Ma-founded company as the beginning of the end of Beijing’s crackdown on the sector. Alibaba said Tuesday it planned to split into six units and explore fundraising or […]

  • AMC Entertainment shares are jumping on report that Amazon is exploring a deal

    March 28 (Reuters) – Shares of AMC Entertainment Holdings Inc (AMC.N) rose as much as 21% on Tuesday, following a report that e-commerce giant Amazon.com Inc (AMZN.O) was looking to buy the theater chain. Amazon founder Jeff Bezos has sent his investment advisers and top entertainment executives to investigate acquisition plans for AMC, entertainment industry […]

  • Alibaba splits empire into six units, aims for IPOs

    March 28 (Reuters) – Alibaba Group (9988.HK) plans to split its business into six main units, from e-commerce to cloud in the largest restructuring in its 24-year history, five of which it says are fundraising whether to explore IPOs. The six units are Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart […]

  • Alibaba founder Jack Ma returns to China, ending a year abroad -SCMP

    BEIJING, March 27 (Reuters) – The founder of Alibaba (9988.HK), Jack Ma, has returned to China, the South China Morning Post (SCMP) reported Monday. the sober mood of China’s private companies. Ma, one of China’s best-known entrepreneurs, left mainland China in late 2021 and has been seen in photos in Japan, Australia and Thailand in […]

  • US Considers Bank Support, Gives First Republic Time – Bloomberg News

    March 25 (Reuters) – US authorities are considering expanding an emergency credit facility that would provide more support to banks, in a bid to give First Republic Bank (FRC.N) more time to strengthen its balance sheet, Bloomberg News reported. on Saturday. All deliberations are in the early stages and an expansion of the Federal Reserve’s […]

  • HSBC bails out the British branch of stricken Silicon Valley Bank

    US authorities support savers The UK deal puts an end to frenetic weekend talks UK Chancellor of the Exchequer: Deposits safe LONDON, March 13 (Reuters) – HSBC (HSBA.L) on Monday bought the UK branch of stricken Silicon Valley Bank for a token pound, bailing out a major lender to Britain’s technology start-ups and mitigating the […]

  • Wall St climbs as lower Treasury yields push mega-cap stocks higher

    Apple surges as GS coverage begins ‘buy’ rating Chinese ADRs fall after Beijing’s modest 5% growth target Crypto Stocks Drop as Silvergate Suspends Payment Network Indexes up: Dow 0.18%, S&P 0.24%, Nasdaq 0.28% March 6 (Reuters) – US stock indices rose on Monday as Treasury bond yields fell further ahead of Federal Reserve Chairman Jerome […]

  • S&P, Dow fall as resilient economic data fuels rate hike fears

    Nvidia hits 10-month high with optimistic sales forecast Netflix slips in report on price cuts Weekly jobless claims fall; GDP grows by 2.7% in the fourth quarter Indices: Dow down 0.3%, S&P dip 0.02%, Nasdaq up 0.06% Feb 23 (Reuters) – Wall Street was mostly lower in choppy trading on Thursday, with the S&P 500 […]

  • Chinese bank tries to reassure about missing star deal maker

    Bao’s disappearance follows other cases of missing executives President Xi Jinping leads anti-corruption campaign China Renaissance shares are recovering from an all-time low on Friday HONG KONG, Feb. 20 (Reuters) – The disappearance of a top Chinese dealmaker has left his bank struggling to reassure customers and staff, experts said Monday, and has heightened concerns […]