German sportswear giant adidas AG Wednesday reported a narrower net loss in its fourth quarter amid weak revenues. In fiscal 2023, the company slipped to a loss, reportedly the first loss in 30 years, mainly reflecting Yeezy impact. Further, the company announced stable dividend, and said it sees improved operating profit and sales in fiscal...
Gamified platform PropyKeys has announced the public launch of its Base-based decentralized application (Dapp) that enables users to mint addresses and deeds on-chain, accompanied by a series of novel features. This is a project within the Propy ecosystem that’s working on blockchain-powered real estate solutions. PropyKeys aims to address the challenges within the $280 trillion...
By Scott Murdoch and Rae Wee SYDNEY/SINGAPORE (Reuters) - Singapore Telecommunications (Singtel) shares fell more than 1% on Thursday in early trade after reports it was in advanced negotiations to sell a significant stake in Australian telco Optus to Canada\'s Brookfield Asset Management (TSX:BAM). Those reports came after Singtel had dismissed an article in the...
Indian shares fell sharply on Wednesday, with Fed rate cut uncertainty and ongoing selloff in the mid-cap and small-cap space keeping investors nervous. U.S. core inflation came in higher than expected on Tuesday, denting hopes for an early rate cut by the Federal Reserve. Investor sentiment was also hit after a SEBI warning about the...
Nigerian authorities have reportedly requested Binance, the largest cryptocurrency exchange, to provide information on its top 100 users in Nigeria, along with its entire transaction history for the past six months, according to a report by the Financial Times on Tuesday. Nigeria may seek a $10 billion fine from Binance as retribution, as the country...
(Reuters) - Albemarle (NYSE:ALB), the world\'s largest producer of lithium for electric vehicle batteries, said on Wednesday that it will hold several auctions to sell supplies of the metal as part of a push to boost market transparency. Lithium has historically been sold on long-term contracts by Albemarle and other producers, making it difficult for...
The Japanese yen weakened against other major currencies in the European session on Wednesday. The yen fell to a 5-day low of 161.73 against the euro, from an early high of 160.90. Against the pound, the U.S. dollar and the Swiss franc, the yen slipped to 189.26, 148.05 and 168.50 from early highs of 188.42,...
US Judge Brendan Shannon has granted bankrupt crypto company Terraform Labs permission to hire Dentons for its legal representation, according to a report by Reuters. Shannon approved the hiring at a bankruptcy court hearing in Wilmington, Delaware after he deemed Terraform’s legal spending was a “necessary appropriate” use of the company’s beleaguered financial resources. Since...
By Krishn Kaushik NEW DELHI (Reuters) - Behind the doors of a small, non-descript office in the heart of New Delhi lies the headquarters of an electoral trust run by just two men that is the largest-known donor to India’s ruling Bharatiya Janata Party (BJP), according to a Reuters review of public records. The Prudent...
Petco Health and Wellness Co., Inc. (WOOF) announced Wednesday the Company\'s Board of Directors has appointed Michael Mohan to serve as Interim Chief Executive Officer, effective today. Ron Coughlin has stepped down as Petco\'s Chairman, CEO and member of the Board of Directors. He will serve as an advisor to the Board to support the...