Rentokil’s shares plummet 13 per cent after pricey £5bn US expansion deal December 14, 2021 Rentokil's sahres have nosedived following a pricey acquisition of Terminix Global as it looks to swarm the US pest control market.
Crypto investment product offerings grow as regulators expect crypto market consolidation December 6, 2021 Data from CryptoCompare shows that the price of Bitcoin started last week at around $55,000 and mostly traded sideways throughout across the week before suddenly plunging over the weekend.
Triple whammy: SoftBank shares slide 3.5 per cent after rocky 24 hours for Didi, Arm and Grab investments December 3, 2021 Shares in Japanese conglomerate Softbank sank as much as 3.5 per cent today after three of its high-profile investments Didi, Arm and Grab were hit with setbacks in the last 24 hours. The investment giant’s shares dropped as low as 5,423 yen ($47.89) today, before settling slightly higher, but with losses of 23 per cent [...]
Didi prepares to delist in US and go public in Hong Kong December 3, 2021 Didi has started preparations to delist from the New York stock exchange and debut shares in Hong Kong as it bows to pressure from Beijing.
BHP’s board approves plans to leave FTSE 100 and scrap dual-listed share structure December 2, 2021 BHP Group’s board has approved proposals to scrap its dual-listed share structure, and leave the FTSE 100 ahead of a shareholder vote next month.
Beijing asks Didi to delist in New York over data security concerns November 26, 2021 Chinese regulators have pressured top executives of ride hailing giant Didi to pull together a plan to delist from the New York Stock Exchange over data security fears, according to reports. Beijing’s Cyberspace Administration of China (CAC) – the body that has cracked down on the likes of Ant Group and Alibaba in the last [...]
Rivian: America’s next top model? November 26, 2021 In 2020, despite a global pandemic making it more difficult for anybody that wanted to grab a beer at the end of a long work-day, Anheuser-Busch – the makers of Budweiser and a whole range of other alcoholic drinks – brought home revenues of a cool $46bn. Listed in New York, its market cap stands [...]
Cudos and Tingo join forces to unleash potential of $90 million in passive income November 17, 2021 Mobile fintech pioneers Tingo and blockchain oracle network Cudos have just announced a massive partnership as a mission to tackle poverty through monetising mobile phone applications.
JP Morgan sues Tesla for $162m warrant dispute over Elon Musk tweet November 16, 2021 JP Morgan has sued Tesla for $162m and accused the EV carmaker of “flagrantly” breaching a contract related to stock warrants, after CEO Elon Musk threatened to take the company private in a 2018 tweet. According to the filing in New York on Monday, Tesla sold warrants to the US investment bank that would pay [...]
Crypto market briefly surpassed $3 trillion mark after Bitcoin and Ethereum highs November 15, 2021 Data from CryptoCompare shows that the price of Bitcoin hit a new all-time high last week, close to $69,000 but failed to breach the $70,000 barrier.