Exclusive: Tencent plans to divest Meituan stake worth $24 billion

Exclusive: Tencent plans to divest Meituan stake worth $24 billion

Tencent seeks to initiate sale of Meituan stake this year – sources Sale seeks to appease regulators and monetize 8-year-old betting sources Sale of stake likely to be made as a block transaction – sources This decision comes after the sale by Tencent of JD.com and the participations of SEA Meituan shares sink 10%; Tencent … Read more

Exclusive: Wall Street revives Russian bond trading after U.S. go-ahead

Exclusive: Wall Street revives Russian bond trading after U.S. go-ahead

NEW YORK, Aug 15 (Reuters) – Several major Wall Street banks have in recent days begun offering to ease Russian debt deals, according to bank documents seen by Reuters, giving investors another chance to shed debt. assets widely regarded in the West as toxic. . Most U.S. and European banks pulled out of the market … Read more

Cryptoverse: Electric ether leaps on verge of Merge

Cryptoverse: Electric ether leaps on verge of Merge

Representations of the cryptocurrencies Bitcoin, Ethereum and Dash dip in water in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 16 (Reuters) – It looks like Ethereum’s mega-upgrade is underway. To finish. After years of delays, the “merger” seems all but certain to take place … Read more

Newly-launched U.S. drugs head toward record-high prices in 2022

Newly-launched U.S. drugs head toward record-high prices in 2022

The median annual price for new US drugs this year is $257,000 Eight of 13 drugs launched in 2022 cost more than $200,000 a year Some drugmakers are disclosing less pricing information Aug 15 (Reuters) – Drugmakers are launching new drugs at record prices this year, a Reuters analysis shows, underscoring their pricing power even … Read more

SoftBank’s Alibaba sale could end breakup taboo

SoftBank’s Alibaba sale could end breakup taboo

Japanese Chief Executive of SoftBank Group Corp Masayoshi Son attends a news conference in Tokyo, Japan November 5, 2018. REUTERS/Kim Kyung-Hoon Join now for FREE unlimited access to Reuters.com Register LONDON, Aug 10 (Reuters Breakingviews) – Masayoshi Son is thinking the unthinkable at SoftBank Group (9984.T). His $63 billion tech and telecom empire will cut … Read more

Cryptoverse: Blockchain bridges fall into troubled waters

Cryptoverse: Blockchain bridges fall into troubled waters

Representations of the cryptocurrencies Bitcoin, Ethereum and Dash dip in water in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Another day, another hack – and another blockchain bridge burned. When thieves stole around $190 million from US crypto firm Nomad last … Read more

UK shoppers test “Buy now, pay much later” model

UK shoppers test “Buy now, pay much later” model

A woman uses her card to pay the bill at a restaurant in Milan, Italy October 2, 2020. Picture taken October 2, 2020. REUTERS/Flavio Lo Scalzo Join now for FREE unlimited access to Reuters.com Register LONDON, July 26 (Reuters Breakingviews) – Buy Now and Pay Later providers are only beginning to feel the pressure of … Read more

Exclusive: Airbus axes remaining A350 jet deal with Qatar – sources

Exclusive: Airbus axes remaining A350 jet deal with Qatar - sources

PARIS, Aug 3 (Reuters) – Airbus (AIR.PA) has revoked its entire outstanding order with Qatar Airways for A350 jets, halting all new jetliner business with the Gulf carrier in a new dramatic turn to a dispute clouding World Cup preparations, two industry sources have said. No comment was immediately available from Airbus or Qatar Airways. … Read more

Cryptoverse: Bitcoin beats the heat in a jumpin’ July

Cryptoverse: Bitcoin beats the heat in a jumpin' July

A depiction of bitcoin virtual currency and a US one dollar banknote are seen in front of a stock chart in this illustration taken January 8, 2021. REUTERS/Dado Ruvic Join now for FREE unlimited access to Reuters.com Register Aug 2 (Reuters) – It’s been a good month for bitcoin – and we haven’t said it … Read more

Spirit ends sale to Frontier as JetBlue talks continue

Spirit ends sale to Frontier as JetBlue talks continue

July 27 (Reuters) – Spirit Airlines Inc (SAVE.N) on Wednesday called off its $2.7 billion sale to Frontier Group Holdings Inc (ULCC.O) after Spirit shareholders balked at backing it, leaving JetBlue Airways Corp (JBLU.O) with an opening to strike a deal. The development, first reported by Reuters on Wednesday, came after Spirit pushed back a … Read more