Finance

Fosun International, one of China’s largest private-sector conglomerates, has accelerated its pace of asset disposal after agreeing to sell German lender Hauck & Aufhauser Lampe (HAL) to Dutcj bank ABN Amro for €672 million (US$731 million). Shanghai-based Fosun, controlled by […]

FRANKFURT, June 4 (Reuters) – Euro zone banks are making progress in tackling climate-related risk but need to do more and the European Central Bank is ready to force them to act if necessary, ECB bank supervisor Claudia Buch said […]

AUSTIN — For five years, bitcoin miner Core Scientific has quietly been diversifying out of mining and into artificial intelligence, a market that will require immense amounts of power to handle the training of AI models and the massive workloads that follow. The move […]

NEW YORK, June 3 (Reuters) – S&P 500 and the Nasdaq edged higher in a choppy session on Monday amid soft manufacturing sector data and as a glitch on the NYSE briefly caused trading halts in dozens of equities. A […]

Amazon’s long road to space Amazon’s first two prototype satellites will soon slam into the Earth’s atmosphere, finishing their lifespans in a retirement-by-fire plan. Next up, Amazon has to build and launch new satellites — thousands of them. The Seattle […]

June 3 (Reuters) – Billionaire Bill Ackman’s Pershing Square Capital Management has raised $1.05 billion by selling 10% stake in the hedge fund to a consortium of institutional investors and family offices, it said on Monday. The sale is a precursor to […]

Hong Kong’s market regulator has warned the public to beware of a suspected investment scam in which fraudsters claim they are trying to raise the funds to relaunch one of the city’s iconic nightclubs. “It appears that a company [purportedly] operating Big Boss […]

HONG KONG, June 3 (Reuters) – More than a year after China pledged to smoothen the process for offshore listings, firms are reeling from a regulatory logjam that is unlikely to ease soon, and staring at the prospects of sharply […]

Billionaire investor Bill Ackman is selling a 10% stake in Pershing Square, aiming to eventually take his investment firm public. Ackman’s firm is raising $1.05 billion in a funding round, worth 10% of the management company and implying a valuation of $10.5 […]

NAIROBI, May 30 (Reuters) – The World Bank on Thursday approved the first of three budget support packages for Kenya worth $1.2 billion, to help the East African country address short-term fiscal pressures and accelerate green policies. The funding had […]