INVM

Exclusive: Tencent plans to sell $24 billion stake in Meituan

Exclusive: Tencent plans to sell $24 billion stake in Meituan

Tencent seeks to initiate sale of Meituan stake this year – sources Sale seeks to appease regulators and monetize 8-year-old betting sources Sale of stake likely to be made as a block transaction – sources This decision comes after the sale by Tencent of JD.com and the participations of SEA Meituan shares sink 10%; Tencent …

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Third Point Reveals Nearly $1 Billion Disney Stake, Demands Changes

Third Point Reveals Nearly $1 Billion Disney Stake, Demands Changes

Aug 15 (Reuters) – Hedge fund Third Point on Monday disclosed a roughly $1 billion stake in Walt Disney Co (DIS.N) and said it planned to push the media company to bring a series of changes, ranging from splitting off cable sports channel ESPN to buying back stock and adding new board members. Billionaire investor …

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Exclusive: Wall Street revives Russian bond trading after US green light

Exclusive: Wall Street revives Russian bond trading after US green light

NEW YORK, Aug 15 (Reuters) – Several major Wall Street banks have in recent days begun offering to ease Russian debt deals, according to bank documents seen by Reuters, giving investors another chance to shed debt. assets widely regarded in the West as toxic. . Most U.S. and European banks pulled out of the market …

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Five Chinese state-owned companies to delist from NYSE amid US tensions

Five Chinese state-owned companies to delist from NYSE amid US tensions

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned companies, including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), said on Friday they would delist from the New York Stock Exchange , amid economic and diplomatic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) …

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Cryptoverse: Blockchain bridges fall into troubled waters

Cryptoverse: Blockchain bridges fall into troubled waters

Representations of the cryptocurrencies Bitcoin, Ethereum and Dash dip in water in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Another day, another hack – and another blockchain bridge burned. When thieves stole around $190 million from US crypto firm Nomad last …

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Bridgewater fends off Chinese 'All Weather' copycats

Bridgewater fends off Chinese ‘All Weather’ copycats

SHANGHAI/NEW YORK, Aug 8 (Reuters) – Billionaire hedge fund manager Ray Dalio’s huge popularity in China has not only attracted local investors to his funds, but also spawned local challengers using his strategy and brand.” All Weather” to try and beat him at his own game. Now, the Connecticut-based hedge fund giant he founded, Bridgewater …

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Berkshire Hathaway Posts Massive $43.8 Billion Loss;  operating results are improving

Berkshire Hathaway Posts Massive $43.8 Billion Loss; operating results are improving

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor during Berkshire Hathaway Inc’s annual shareholders meeting in Omaha, Nebraska, U.S., on 4 May 2019. REUTERS/Scott Morgan//File Photo Join now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – Falling U.S. stock prices hurt …

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Wall Street ends mixed as investors watch jobs data

Wall Street ends mixed as investors watch jobs data

Indices: Dow slips 0.26%, S&P 0.08%, Nasdaq up 0.41% Energy stocks fall as oil slumps to pre-war level in Ukraine Eyes on Friday’s nonfarm payrolls report Aug 4 (Reuters) – Wall Street’s major indices ended a lackluster session on Thursday as gains in high-growth stocks offset losses in energy stocks as investors awaited the monthly …

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EXCLUSIVE Tencent seeks to increase stake in 'Assassin's Creed' maker Ubisoft - sources

EXCLUSIVE Tencent seeks to increase stake in ‘Assassin’s Creed’ maker Ubisoft – sources

HONG KONG, Aug 4 (Reuters) – Tencent Holdings Ltd (0700.HK) plans to increase its stake in French video game group Ubisoft Entertainment SA (UBIP.PA) as the Chinese gaming giant pivots into the global market gambling, four sources with direct knowledge of the matter told Reuters. China’s largest social media and gaming company, which acquired a …

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