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WeWork Hasn't Been Softbank's Vision Fund's Only Stumble SoftBank Group Corp. 9984 0.05% 's longtime strategy of pouring mountains of cash on promising young companies to create big winners failed dramatically at WeWork, and is showing cracks at a number of its other investments. SoftBank's nearly $100 ...
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Japanese-backed Australian LNG import project faces delay ... * Top gas retailer Origin now seen as key target. * Industrial users shy away as gas prices fall. * AIE still aims to start gas imports ahead of AGL. By Sonali Paul. MELBOURNE, Nov 4 (Reuters) - Plans for a Japanese-backed project to import liquefied natural ...
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The stock market keeps setting new highs in a rally no one saw coming Faced with an array of daunting headwinds and coming off a tough year, Wall Street took a dim view of stocks in 2019. As a result, many major analysts missed one of the best years of this history-making bull market that continues to make new highs. Of the 17 ...
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Abu Dhabi approves new pricing mechanism for ADNOC's Murban crude DUBAI (Reuters) - Abu Dhabi's Supreme Petroleum Council (SPC) approved on Monday the launch of a new pricing mechanism for Abu Dhabi National Oil Co's (ADNOC) flagship Murban crude, ADNOC said, part of the state energy company's broader ...
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Microsoft To Help Enterprises Mint Their Own Ethereum Tokens Microsoft is taking its secret platform for creating tokens similar to bitcoin out for a test-drive. The software giant that was among the first to accept bitcoin for payment, has created a mint for issuing a wide range of crypto-assets. While several companies ...
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Equity trading to only get bloodier in Europe after Macquarie exit LONDON (Reuters) - Macquarie Group's (MQG.AX) sudden exit from European and U.S. equity trading may just be the start of a large-scale retreat from the once-thriving business, as all but the biggest global banks struggle to make it pay. FILE PHOTO: The ...
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UPDATE 1-Facebook's Libra could come under some existing rules - watchdog (Adds more detail). By Huw Jones. LONDON, Nov 4 (Reuters) - Existing securities rules could apply to "stablecoin" digital currency initiatives such as Facebook's Libra project to help realise its benefits, global securities watchdog IOSCO said on Monday as ...
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Ryanair Loses Spanish Crown—and Investors Love It Ryanair investors woke up Monday to the news that the budget carrier will likely stop being Spain's top airline by number of passengers. And they loved it. British Airways ' owner IAG announced a €1 billion ($1.12 billion) deal to buy Air Europa, ...
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A Peek Into Uber's Fintech Strategy: A Conversation With Peter Hazlehurst, Head Of Uber Money At the recent Money 20/20 conference, Uber announced Uber Money, a new division within the ride-hailing firm. Afterwards, I sat down with Peter Hazlehurst, Head of Uber Money, to discuss the new features and improvements which include: Real-time ...
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A single anonymous market manipulator caused bitcoin to top $20000 two years ago, study shows A forensic study on bitcoin's 2017 boom has found that nearly the entire rise of the digital currency at the time is attributable to "one large player," although the market manipulator remains unidentified. Finance professors John Griffin and Amin Shams ...
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