By Phuong Nguyen and Yantoultra Ngui HANOI/SINGAPORE (Reuters) - China\'s CDH Investments is in advanced talks to buy a minority stake in Bach Hoa Xanh (BHX) from Vietnam retailer Mobile World in a deal that could value the grocery chain at up to $1.7 billion, two sources with direct knowledge said. CDH, one of China\'s...
-- South Korea’s KOSPI rose sharply and moved back towards near two-year highs on Wednesday, with support coming chiefly from chipmaker SK Hynix on growing hype over artificial intelligence. The KOSPI index rose 1.1%, vastly outperforming its Asian peers. SK Hynix Inc (KS:000660), which is the second-largest stock on the index by market capitalization, was...
-- Tesla Inc (NASDAQ:TSLA) CEO Elon Musk said on Wednesday that the firm had completed production design on a long-planned update to its Tesla Roadster, and that the car was likely to ship starting next year. In a series of posts on the social media site X, which Musk also owns, he said that Tesla was...
By Scott Murdoch, Clare Jim and Xie Yu (Reuters) -Chinese developer Country Garden said on Wednesday a liquidation petition has been filed against it for non-payment of a $205 million loan, clouding its debt revamp prospects and undermining Beijing\'s effort to restore confidence in the property sector. Country Garden said in a regulatory filing to...
By Xie Yu HONG KONG (Reuters) -Chinese developer Country Garden said on Wednesday a liquidation petition has been filed against it for non-payment of a $205 million loan, clouding its debt revamp prospects and undermining Beijing\'s effort to restore confidence in the property sector. Country Garden said in a regulatory filing it would \"resolutely\" oppose...
By Makiko Yamazaki and Rae Wee TOKYO/SINGAPORE (Reuters) - A corporate governance makeover has helped fuel the revival of Japan\'s once-moribund stock market. Now investors want to see if the change is for real. The Nikkei index shattered its all-time high last week, topping a level not seen since the December 1989 asset bubble -...
(Reuters) - Tesla (NASDAQ:TSLA) will aim to ship its Roadster electric sports car next year, the electric vehicle maker\'s CEO Elon Musk said on Wednesday. \"Tonight, we radically increased the design goals for the new Tesla Roadster,\" Musk said in a post on X, adding that Roadster\'s production design will be completed and unveiled by...
The Federal Reserve Bank of Atlanta has raised warning over risks associated with blockchain and cryptos. Per statement released Monday, the Atlanta Fed advised banks and financial service providers to exercise caution while dealing with cryptos. “Banking organizations and their service providers should have systems to identify, monitor, and control risks,” the statement read. The...
ARK Invest, the asset management firm and Bitcoin exchange-traded fund (ETF) issuer led by Bitcoin advocate Cathie Wood, has sold a significant amount of Coinbase, Robinhood, and Nvidia stocks. According to Ark Invest Daily’s Feb. 26 reveals, the ARK Innovation ETF (ARKK) sold 35,509 Coinbase (COIN) shares worth $6.89 million based on its closing price...
The market capitalization of Circle’s USDC moved past $28 billion with a gradual increase from Q4 2023 amid wider institutional investments. A new Coinbase report shows a resurgence in the USDC market following the general market upturn and growth in non-U.S markets. The market cap for stablecoins is rising… and USDC is outperforming – up...