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

‘The China Project’ media company shuts due to funding problem

‘The China Project’ media company shuts due to funding problem

BEIJING, Nov 7 (Reuters) – One of the few independently funded English-language publications to cover China in depth for Western audiences, “The China Project”, is to close because of a lack of funding, its editor-in-chief, Jeremy Goldkorn, wrote in a post. The China Project, which began as a newsletter in 2016 and was formerly known … 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

Conservatives hope Supreme Court defangs US consumer watchdog

Conservatives hope Supreme Court defangs US consumer watchdog

The U.S. Supreme Court building is seen on the day that Justices Clarence Thomas and Samuel Alito released their delayed financial disclosure reports and the reports were made public in Washington, U.S., August 31, 2023. REUTERS/Kevin Wurm/File Photo Acquire Licensing Rights WASHINGTON, Sept 12 (Reuters) – The U.S. Consumer Financial Protection Bureau is currently pursuing … 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

Gemini tries to line up other creditors in new Genesis bankruptcy plan -The Information

Gemini tries to line up other creditors in new Genesis bankruptcy plan -The Information

A man walks past the logo of Gemini Trust, a digital currency exchange and custodian, during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. REUTERS/Marco Bello Acquire Licensing Rights Sept 1 (Reuters) – Cryptocurrency exchange Gemini is trying to rally other creditors behind a plan to wring more money out of … Read more