(Reuters) - Payments processor Shift4 Payments\' Chief Executive Officer Jared Isaacman said bids from potential contenders have failed to \"sufficiently value\" the company, Bloomberg News reported on Sunday. The board determined that none of the \"multiple offers\" received by Shift4 adequately valued the business or the company\'s future, even though the offers were above its...
The Thai stock market has moved higher in two straight sessions, gathering more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,395-point plateau although it may open under pressure on Friday. The global forecast for the Asian markets is soft on pessimism over the...
By Echo Wang NEW YORK (Reuters) -Reddit\'s initial public offering is currently between four and five times oversubscribed, people familiar with the matter said on Sunday, making it more likely the social media platform will attain the $6.5 billion valuation it seeks. While the oversubscription does not guarantee a strong performance in the stock market...
Indian shares may open on a sluggish note Friday as investors face up to the prospect that the path to a Fed pivot will be a long and winding one. Auto and oil marketing companies could be in focus today after petrol and diesel prices were cut by Rs. 2 per liter across the country....
By Sam Nussey, Fanny Potkin and Miho Uranaka TOKYO (Reuters) - Taiwan\'s TSMC is looking at building advanced packaging capacity in Japan, according to two sources familiar with the matter, a move that would add momentum to Japan\'s efforts to reboot its semiconductor industry. The deliberations are at an early stage, they added, declining to...
Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from Wall Street overnight, amid renewed concerns about the US Fed further postponing its first interest rate cut to after June, following the release of hotter-than-expected producer price inflation data for February. Asian markets ended mixed on Thursday. Adding to the...
Indian shares opened in the red on Friday as hotter-than-expected U.S. producer price data dented hopes for an imminent rate cut by the Federal Reserve. The benchmark S&P BSE Sensex was down 340 points, or half a percent, at 72,755 in early trade, while the broader NSE Nifty index was down 105 points, or half...
-- U.S. stock index futures moved little in evening deals on Sunday, with caution ahead of a Federal Reserve meeting dissuading big trades, while AI darling Nvidia Corp \'s annual developer conference also came into focus. Wall Street indexes were nursing a fall from record highs over the past two weeks, as a rally in...
Blockchain-enabled Web3 fashion startup mmERCH announced its $6.4 million seed funding round at a $25.7 million post-money valuation led by Liberty City Ventures Thursday, a major step forward for the Colby Mugrabi-led fashion house. mmERCH Attracts an Assortment of High-Profile Investors According to a Thursday press release from mmERCH, funding from the round “will be...
SYDNEY (Reuters) - Uber (NYSE:UBER) has agreed to pay A$271.8 million ($178.3 million) to settle a lawsuit in Australia brought by taxi operators and drivers, who alleged they lost income when the ride-hailing company moved into the country, a law firm said on Monday. Maurice Blackburn Lawyers filed the class action in 2019 in the...