Tencent (OTCPK:TCEHY) has overtaken Alibaba (NYSE:BABA) to become China’s most valuable tech company after unveiling a strong set of earnings. The firm posted a 47% climb in net income to a record 10.74B yuan, handily […]
IEX will finally launch as a stock exchange today, offering a solution to a problem not everyone agrees exists: Equity markets are “rigged” in ways that favor high-frequency trading. It will be a “soft” rollout, […]
A federal judge has determined that a proposed $100 million settlement between Uber and its drivers is “not fair, adequate, and reasonable.” The class-action suit argued that Uber should classify its drivers as employees, and […]
Big businesses such as Wal-Mart and Unilever have been active in acquiring startups, and the trend is likely to continue, writes Alex Taussig of Lightspeed Venture Partners. Many large consumer-facing companies are suffering from low […]
The value of stock buyback announcements from U.S. companies slowed to its lowest level in four years, TrimTabs Investment Research said on Tuesday, potentially undercutting one of the main drivers of the current bull market. […]
Blackstone Group said this week it is looking to move into the nontraded REIT market with a $5 billion fund. The announcement follows rule changes in the industry aimed at increasing transparency for nontraded REITs. […]
Chinese housing prices rose 7.9% year on year in July, recording the fastest increase since February 2014. Home prices in Shenzhen and Xiamen soared the most, up around 40% each. Separately, Moody’s raised its forecasts […]
Japan’s exports tumbled in July at the fastest pace since the financial crisis, weighed down by a strong yen and sluggish global demand. Exports slid 14% on-year, marking their tenth straight month of decline, while imports […]
Major banks in London have drastically revised down their 2017 forecasts in light of the Brexit vote, the Treasury reports. Barclays Capital and Nomura had each estimated growth of 1.9%, but Barclays now anticipates a […]
The world’s biggest manufacturer of personal computers, China’s Lenovo Group, reported that profit shot up 64%, to $173 million, for the quarter ended in June, outstripping the $130.1 million average of forecasts by analysts Reuters […]
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