• Research shows that China has spent $240 billion on bailing out Belt & Road countries

    JOHANNESBURG, March 28 (Reuters) – China has spent $240 billion between 2008 and 2021 to bail out 22 developing countries, with the amount soaring in recent years as more people have struggled to repay loans spent on building of “Belt & Road” infrastructure, according to a study published Tuesday. Nearly 80% of bailout loans were […]

  • Hindenburg shuts down Jack Dorsey’s payment firm Block, shares collapse

    March 23 (Reuters) – Hindenburg Research announced short positions in Block Inc (SQ.N) on Thursday, claiming the Jack Dorsey-led payments company overstated its user numbers and underestimated its customer acquisition costs. Shares of Block fell 20% to $57.85 in premarket trading after the report. If losses continue through the session, the stock could post its […]

  • US organizes ‘material action’ to stop SVB outages

    NEW YORK, March 12 (Reuters) – US authorities on Sunday were preparing “material action” to bolster deposits at Silicon Valley Bank (SVB) and try to mitigate any wider financial fallout from the sudden collapse of the technology-based startup-focused lender counter. sources familiar with the matter told Reuters. Officials in the Biden administration worked all weekend […]

  • India’s technology minister plans to meet with startups on the impact of the SVB

    MUMBAI, March 12 (Reuters) – India’s technology minister said on Sunday he will meet with start-ups this week to assess the impact on them of the collapse of Silicon Valley Bank (SIVB.O) as concerns mount over the consequences for the Indian start-up sector. California banking regulators closed Silicon Valley Bank (SVB) on Friday after a […]

  • Billionaire investor Mark Mobius says he can’t get money out of China -FOX Business

    SHANGHAI, March 5 (Reuters) – Billionaire investor Mark Mobius told FOX Business he can’t get his money out of China because of the country’s capital controls. . “I have an account with HSBC in Shanghai. I can’t get my money out. The government is restricting the flow of money out of the country,” Mobius, founder […]

  • Oil Sets on Hope in Chinese Demand, Post Weekly Gains

    Oil benchmarks settle at highest level in 3 weeks Report UAE may leave OPEC ‘far from the truth’, sources say Chinese data, record US exports support oil prices Dollar falls; analysts see more weakness in the next 12 months BENGALURU, March 3 (Reuters) – Oil prices recovered from a brief sell-off to rise more than […]

  • Adani Shares Surge After $1.87 Billion GQG Investment; more roadshows are planned

    SYDNEY/BENGALURU, March 3 (Reuters) – Adani shares rose Friday after a $1.87 billion investment in the group by GQG Partners Inc allayed concerns about the group’s ability to raise funding as the conglomerate plans more roadshows organized to boost investor confidence . The stock purchases by the US investment firm were the first major investment […]

  • Nokia changes iconic logo to indicate strategy shift

    BARCELONA, Feb. 26 (Reuters) – Nokia (NOKIA.HE) on Sunday announced plans to change its brand identity for the first time in nearly 60 years, complete with a new logo, as the telecom equipment maker targets aggressive growth. The new logo consists of five different shapes that together form the word NOKIA. The iconic blue color […]

  • IMF flags hurdles for debt restructuring, says banning crypto should be an option

    BENGALURU, Feb. 25 (Reuters) – There are some disagreements over debt restructuring for distressed economies, the International Monetary Fund chief said Saturday on the sidelines of a G20 meeting, adding that banning private cryptocurrencies would be an option. must be. India’s G20 presidency comes at a time when South Asian neighbors Sri Lanka, Bangladesh and […]

  • Ericsson lays off 8,500 employees memo

    STOCKHOLM, Feb. 24 (Reuters) – Telecom equipment maker Ericsson (ERICb.ST) will lay off 8,500 workers worldwide as part of its cost-cutting plan, according to a memo sent to employees and viewed by Reuters. While technology companies such as Microsoft (MSFT.O), Meta (META.O) and Alphabet (GOOGL.O) have laid off thousands of employees due to the economic […]