For global banks, India could soon be worth it

For global banks, India could soon be worth it

A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 3 2020. REUTERS/Francis Mascarenhas Acquire Licensing Rights BENGALURU, Nov 7 (Reuters Breakingviews) – Global banks’ CEOs have descended on Hong Kong for a financial leaders summit hosted by the city’s monetary authority but investment bankers based in the hub are … Read more

PayPal stock surges as pledge to turn “leaner” keeps crypto concerns at bay

PayPal stock surges as pledge to turn “leaner” keeps crypto concerns at bay

[1/2]A pedestrian walks past the PayPal logo at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch/File Photo Acquire Licensing Rights Nov 2 (Reuters) – PayPal Holdings (PYPL.O) added nearly $4 billion to its market value after a pledge to turn “leaner” fired up investors, even as the payments giant disclosed a subpoena … Read more

AmEx’s third-quarter profit tops estimates on robust spending

AmEx’s third-quarter profit tops estimates on robust spending

The logo of Dow Jones Industrial Average stock market index listed company American Express (AXP) is seen in Los Angeles, California, United States, April 25, 2016. REUTERS/Lucy Nicholson/File Photo Acquire Licensing Rights Oct 20 (Reuters) – Credit card giant American Express (AXP.N) on Friday reported third-quarter profit that beat expectations, helped by resilient spending from … Read more

Crowd-safety firm Evolv under US FTC scanner over marketing practices

Crowd-safety firm Evolv under US FTC scanner over marketing practices

Signage is seen at the Federal Trade Commission headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights Oct 13 (Reuters) – Evolv Technologies (EVLV.O) on Friday said the U.S. Federal Trade Commission had requested information about certain aspects of the AI-based weapons screening firm’s marketing practices. The company did not … Read more

ByteDance’s valuation slumps by a quarter in stock buyback – source

ByteDance’s valuation slumps by a quarter in stock buyback – source

The ByteDance logo is seen at the company’s office building in Shanghai, China July 4, 2023. REUTERS/Aly Song/File Photo Acquire Licensing Rights Oct 2 (Reuters) – China’s ByteDance is buying back shares from U.S. employees in a deal that values the TikTok parent company at $223.5 billion, about 26% lower than a valuation a year … Read more

AI startup AlphaSense valued at $2.5 bln after latest funding round

AI startup AlphaSense valued at $2.5 bln after latest funding round

Sept 28 (Reuters) – Market intelligence platform AlphaSense has raised $150 million in a fresh round of funding that boosted its valuation to $2.5 billion, underscoring strong demand for artificial intelligence (AI) startups. The series E financing round was led by technology investment firm BOND and joined by existing investors including Alphabet’s (GOOGL.O) CapitalG, Viking … Read more

Exclusive: Stroeer considers options for 2024 sale of data business Statista -sources

Exclusive: Stroeer considers options for 2024 sale of data business Statista -sources

FRANKFURT/LONDON, Sept 7 (Reuters) – German advertising group Stroeer is considering possible options for the sale of Statista in 2024, in a process which could value the data gathering business at up to 1.5 billion euros ($1.6 billion), four sources familiar with the matter said. Private equity firms are looking at Statista ahead of a … Read more

Chandrayaan-3 spacecraft lands on the moon in ‘victory cry of a new India’

Chandrayaan-3 spacecraft lands on the moon in ‘victory cry of a new India’

Mission comes less than week after Russia’s Luna-25 mission failed Russia’s Putin and NASA congratulate India India becomes fourth nation to successfully land spacecraft on the moon Launch budget of about $74 million less than the cost to produce 2013 Hollywood space thriller ‘Gravity’ BENGALURU, Aug 23 (Reuters) – An Indian spacecraft landed on the … Read more

Mediobanca s’associe à UK Founders Factory dans une poussée fintech

Mediobanca s’associe à UK Founders Factory dans une poussée fintech

MILAN, 24 juillet (Reuters) – Mediobanca (MDBI.MI) s’associera à Founders Factory, basé à Londres, un investisseur en démarrage dans de nouvelles entreprises, pour promouvoir les startups fintech, ont déclaré les deux sociétés, alors que la banque italienne s’efforce d’accroître sa présence internationale et technologique. Mediobanca investira 12 millions d’euros (13 millions de dollars) dans une … Read more