BEIJING (Reuters) – Silicon Valley Bank’s Chinese joint venture will become a wholly owned unit of Shanghai Pudong Development Bank, following approval to change its
Month: August 2024
Salvage of stricken oil tanker in Red Sea expected soon, sources say
By Renee Maltezou and Yannis Souliotis ATHENS (Reuters) -A salvage operation to recover a Greek-registered oil tanker stranded ablaze in the Red Sea after an
Ford to recall 90,736 vehicles over engine valve issue, US regulators say
(Reuters) – Ford will recall 90,736 vehicles as engine intake valves in the vehicles may break while driving, the National Highway Traffic Safety Administration (NHTSA)
Billionaire Buffett again sells BofA shares worth about $845 million
(Reuters) – Billionaire Warren Buffett’s Berkshire Hathaway has once again cut its stake in Bank of America with a share sale worth roughly $845 million,
Indian tribunal approves $8.5 billion Disney, Reliance media assets merger
BENGALURU (Reuters) -An Indian company tribunal has approved the $8.5 billion merger of Reliance Industries and Disney’s Indian media assets, Reliance said on Friday. Earlier
Intel rises as report of chipmaker exploring options stokes investor enthusiasm
(Reuters) – Intel’s shares rose more than 3% before the bell on Friday, as a report of the struggling chipmaker exploring options that could include
China’s market regulator says e-commerce giant Alibaba has completed three-year ‘rectification’ period
SHANGHAI (Reuters) – China’s State Administration of Market Regulation issued a statement on Friday saying Alibaba Group had completed three years “rectification” following a fine
Oil falls as supply set to rise, uncertainty around Fed rate cuts
By Georgina McCartney HOUSTON (Reuters) -Oil fell about 2% on Friday as investors weighed expectations of a rise in OPEC+ supply starting in October, alongside
Ulta Beauty lowers annual forecasts on slowing demand for beauty products
(Reuters) -Ulta Beauty cut its annual sales and profit forecasts on Thursday, hurt by slowing demand for higher-priced cosmetics and fragrances at its stores. The
Leveraged Nvidia ETF issuers saw trading surge in bearish products ahead of earnings
By Suzanne McGee (Reuters) – Interest in leveraged exchange-traded funds that allow investors to profit when shares of Nvidia fall grew steadily ahead of the