Circle Says $1 Billion in Cash Serves as Buffer While Market Share Declines
Circle Internet Financial is counting on a more than $1 billion cash cushion to help weather fresh competition
2023-08-10 21:47
Alibaba’s Sales Beat Estimates in First Step of Comeback Effort
Alibaba Group Holding Ltd.’s revenue beat expectations after its core e-commerce arm returned to growth, a big step
2023-08-10 18:17
Asian Pharmaceutical Stocks Get Lift From Weight-Loss Drug Hype
Asia took over the baton from Wall Street to see a rally in weight-loss related stocks after a
2023-08-09 13:57
Global Law Firm Retreats From China Ahead of Data Crackdown
Global law firm Dentons is splitting from its Chinese operations to comply with impending data regulations, one of
2023-08-09 13:50
Alibaba, Tencent’s $66 Billion Party Starts to Fade
China’s largest tech companies Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have gained $66 billion in market
2023-08-09 08:52
Tycoon Who Gave Away $750 Million Sees Profit in Loans to Poor
He built a fortune lending to low-income borrowers shunned by banks. He paid staff below-market wages and thought
2023-08-09 08:26
Banks Face Stepped-Up Scrutiny From Fed Over Crypto Activities
The Federal Reserve said it is stepping up scrutiny of lenders’ involvement in digital assets, the latest move
2023-08-09 05:56
Inflation Is Ebbing, But Prices Are High and Americans Feel It
For all the talk that US inflation is cooling, it sure doesn’t feel like anything is getting cheaper.
2023-08-09 02:48
Power-Plant Owners Blast Biden’s Emissions-Cutting Plan
The top lobbying group for US electric utilities is taking aim at the Biden administration’s plan for stifling
2023-08-09 02:18
US Airfares Seen Bottoming as Overseas Ticket Prices Stay High
Lower domestic airfares that travelers have enjoyed this summer will start to disappear after mid-September, with a new
2023-08-09 00:19
Myanmar Tightens FX Rules for Companies to Curb Black Market
Myanmar toughened its rules on the purchase of foreign exchange by importers and exporters as the nation seeks
2023-08-08 11:59
Carlyle, GIC Skip Ant’s Buyback After Valuation Slumps 70%
A number of global investors including Warburg Pincus and Canada Pension Plan Investment Board are opting out of
2023-08-08 10:45