10 April

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China regulators fine Alibaba $2.75 billion for anti-monopoly violations By Reuters

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SHANGHAI (Reuters) - Chinese regulators have fined Alibaba (NYSE:BABA) 18 billion yuan ($2.75 billion) - around 4% of its revenues in 2019 - for violating anti-monopoly rules and abusing its dominant market position. The State Administration for Market Regulation has also ordered Alibaba to make "thorough rectifications" to strengthen internal compliance and protect consumer rights. ($1 = 6.5522 yuan) ...

10 April

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Credit Suisse’s U.S. brokerage files lawsuit over personal data leak By Reuters

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(Reuters) - The U.S. brokerage subsidiary of Credit Suisse (SIX:CSGN) Group AG has disclosed that former employees' personal data was leaked last month and that it had filed a lawsuit over the matter, in the latest snafu for the Swiss banking giant. Credit Suisse Securities has sued one or more individuals for sending private information about former employees to media outlets, law enforcement and former employees via a March 20, 2021 email, according to a legal filing on Thursday. The data was sent from a fake Gmail account in the name of...

10 April

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Boeing union to vote on whether to authorize strike By Reuters

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(Reuters) - A union representing about 220 Boeing (NYSE:BA) Co workers said on Friday that members will vote on Sunday whether to authorize a strike after contract negotiations "have taken a turn for the worse." Teamsters Local 174, which represents workers in transportation, warehousing, and logistics (TWL) and facilities and asset management in the Puget Sound area of Washington State, said in a statement Boeing's management "is devoted to destroying all benefits and wages our members have earned." The employees support freight deliveries and dispatch services. Boeing said Friday the company "continues to engage and...

10 April

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ECB’s Lagarde: Markets have understood aim of bond buy ramp-up By Reuters

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FRANKFURT (Reuters) - Euro-zone bond investors have appeared to understand the European Central Bank's goal in ramping up bond purchases last month, ECB President Christine Lagarde told CNBC on Friday. "Our action has been efficient...

10 April

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Rattled Archegos Stocks Investable Again After $194 Billion Blow By Bloomberg

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(Bloomberg) -- The stocks that were hammered as collateral damage in the liquidation of Archegos Capital Management are seeing a silver lining from their slump: they’re becoming investable again. Companies including U.S. media conglomerates ViacomCBS (NASDAQ:VIAC) Inc. and Discovery (NASDAQ:DISCA) Inc., as well as apparel retailer Farfetch (NYSE:FTCH) Ltd. saw a total of about $194 billion in market value erased as banks from New York to Zurich to Tokyo unwound leveraged equity bets by Archegos. At first, the forced selling in such a specific group of shares raised fears of potential undisclosed issues with the stocks,...

10 April

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Aramco signs $12.4 billion pipeline deal with EIG-led consortium By Reuters

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DUBAI (Reuters) - Saudi oil giant Aramco (SE:2222) on Friday entered into a $12.4 billion deal with a consortium investors led by EIG Global Energy Partners that would give the investor group a 49% stake in Aramco's pipeline assets, the two companies said. This is the first major deal by Aramco since its listing in late 2019 when the Saudi government sold a minority stake in the firm for $29.4 billion in the world's biggest initial public offering. The EIG-led group signed a lease and lease-back agreement with Aramco, acquiring the equity stake in Aramco...

10 April

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U.S. senators criticize Apple for not testifying on antitrust concerns By Reuters

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By Paresh Dave (Reuters) -Apple Inc is refusing to testify at an upcoming U.S. Senate subcommittee hearing on competition issues related to mobile app stores, the bipartisan leaders of the panel said on Friday. App makers long have accused Apple (NASDAQ:AAPL)'s App Store for iPhones and iPads, along with Google (NASDAQ:GOOGL)'s Play store for Android devices, of engaging in anticompetitive behavior by requiring certain revenue sharing payments and setting strict inclusion rules. A subcommittee hearing was being planned for late April but no date has been set yet. Senators Amy Klobuchar, a Democrat, and Mike Lee,...

09 April

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Elon Musk’s Neuralink shows monkey with brain-chip playing videogame by thinking By Reuters

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(Reuters) - Billionaire entrepreneur Elon Musk's brain-chip startup released footage on Friday appearing to show a monkey playing a simple videogame after getting implants of the new technology. The 3-minute video by Neuralink https://www.youtube.com/watch?v=rsCul1sp4hQ shows Pager, a male macaque with chips embedded on each side of its brain, playing 'Mind Pong'. Although he was trained to move a joystick, it is now unplugged. He controls the paddle simply by thinking about moving his hand up or down. "First @Neuralink product will enable someone with paralysis to use a smartphone with their mind faster than someone using...

09 April

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World Bank says to commit $2 billion to vaccines in developing countries by end-April By Reuters

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WASHINGTON (Reuters) - The World Bank Group will have committed $2 billion in financing by the end of April for COVID-19 vaccine purchases, development and manufacturing in some 40 developing countries, countries on this effort, World Bank Managing Director of Operations Axel van Trotsenburg said on Friday. The $2 billion is part of a pool of some $12 billion that the World Bank has made available overall for vaccines in low-and middle-income countries, van Trotsenburg told a World Bank forum. But public health officials at the same forum warned that a race between the coronavirus and...

09 April

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Exclusive: BlackRock, Mustier’s blank-check firm eye Credit Suisse fund management arm – sources By Reuters

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By Oliver Hirt, Pamela Barbaglia and David French ZURICH (Reuters) - BlackRock (NYSE:BLK) and Jean-Pierre Mustier's blank-check firm are among investors expressing interest in Credit Suisse (SIX:CSGN)'s asset management arm, three sources told Reuters, as the Swiss lender explores options for the unit after a run of costly scandals. U.S. investment firm State Street Corp (NYSE:STT) is also eyeing a rival bid for all or part of the Swiss bank's fund management business, while European asset managers including Germany's DWS are waiting in the wings, the sources said, speaking on...

Меню

China regulators fine Alibaba $2.75 billion for anti-monopoly violations By Reuters

Credit Suisse’s U.S. brokerage files lawsuit over personal data leak By Reuters

Boeing union to vote on whether to authorize strike By Reuters

ECB’s Lagarde: Markets have understood aim of bond buy ramp-up By Reuters

Rattled Archegos Stocks Investable Again After $194 Billion Blow By Bloomberg

Aramco signs $12.4 billion pipeline deal with EIG-led consortium By Reuters

U.S. senators criticize Apple for not testifying on antitrust concerns By Reuters

Elon Musk’s Neuralink shows monkey with brain-chip playing videogame by thinking By Reuters

World Bank says to commit $2 billion to vaccines in developing countries by end-April By Reuters

Exclusive: BlackRock, Mustier’s blank-check firm eye Credit Suisse fund management arm – sources By Reuters

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