Asian Shares Look Mixed After US Equities Rebound: Markets Wrap
Asian stocks were set for a mixed opening after shares in the US rebounded from their worst week
2023-08-08 07:24
Jefferies Leads $1 Billion Loan for KKR’s Simon & Schuster Deal
KKR & Co. has lined up debt financing from a group of banks led by Jefferies Financial Group
2023-08-08 07:19
Thailand Pushes Yuan, Ringgit Use to Curb Impact of Baht Swings
Thailand plans to promote the use of yuan and other Asian currencies in trade and investments to curb
2023-08-08 07:18
China’s Rare Russia Rebuke Doesn’t Mean Xi Is Ditching Putin
China last week unleashed some of its strongest criticism against Russia since Vladimir Putin invaded Ukraine. Yet any
2023-08-08 06:59
Beyond Meat earnings drop 30% with falling demand
Troubled plant-based meat company Beyond Meat posted a 30% revenue decline in the second quarter due to falling demand for its products, the company announced Monday.
2023-08-08 06:24
Rakuten Bank Sees Edge Over Rivals Once BOJ Ends Negative Interest Rates
Japanese online lender Rakuten Bank Ltd. says it’s better positioned than rivals to enjoy a profit boost when
2023-08-08 06:21
Tesla names insider Taneja CFO as Kirkhorn steps down
By Akash Sriram (Reuters) -Tesla finance chief Zachary Kirkhorn has stepped down, surprising analysts who considered the 13-year veteran as
2023-08-08 06:15
Electric Vehicle Tech Manufacturer Proterra Files for Bankruptcy
Proterra Inc., which makes heavy-duty electric vehicle components like chargers and batteries, filed for bankruptcy on Monday. The
2023-08-08 05:46
Advent Nears $1 Billion Deal for Retail Brand Zimmermann
Private equity firm Advent International is nearing a deal to acquire Zimmermann in a transaction valuing the Australian
2023-08-08 05:27
Meme stocks are back as investors buy shares of beaten-down companies such as Yellow and Tupperware
A new class of meme stocks has sprung up during the stock market’s surprise recent rally, raising concerns about investors’ willingness to take on bigger risks amid a still uncertain economy
2023-08-08 05:20
Beyond Meat revenue plummets in the second quarter due to flagging US demand
Plant-based meat maker Beyond Meat said its revenue plunged 30.5% in the second quarter as consumer demand for its burgers, sausages and other products fell despite price cuts
2023-08-08 04:55
After trying for three years, Paramount finally unloads Simon & Schuster for $1.6 billion
Paramount has agreed to sell Simon & Schuster to private equity firm KKR for $1.6 billion in cash, after more than three years of trying to offload the book publishing powerhouse.
2023-08-08 04:54