Marketmind: Melt up?
As confidence grows that the world’s biggest central banks are in no hurry for raising interest rates despite progress on the jobs and post-COVID reopening fronts, stock markets have powered to new record highs. A stronger S&P 500 close on Tuesday would see it notching its longest winning streak since 2004.
Accessible eLearning helps people with sight loss find work
The digital learning and assessment specialist, eCom Scotland, has helped the Royal National Institute of Blind People (RNIB) to significantly improve the career prospects of the 11,000 people with sight loss in the UK who are currently actively seeking work.
Tesla and Ganfeng Lithium have agreed to a three-year supply arrangement
Chinese firm Ganfeng Lithium has signed a deal with Tesla to supply the automaker with battery-grade lithium hydroxide. Ganfeng is China’s biggest producer of metal. The contract will run from 1 January 2022 to 31 December 2024. The purchase volumes and values will be subject to purchase orders from Tesla. Ganfeng said that the contract is […]
Blizzard-hit SoftBank launches buyback after $10 bln Vision Fund loss
SoftBank Group Corp (9984.T) slumped to a quarterly loss on Monday, as its Vision Fund unit took a $10 billion hit from a decline in the share price of its portfolio companies and as China’s regulatory crackdown on tech firms weighed.
Japan panel urges govt to launch $88 bln university fund
Japanese premier Fumio Kishida’s new advisory panel called for an $88 billion university fund on Monday and another one aimed at backing research and development on digital and green innovation as pillars of the country’s new growth strategy.
Analysis: Indonesia, India beckon as Fed tapers without tantrums
This November 5th story corrected business name to BNP Paribas Asset Management, not Wealth Management, in paragraph 9
Credit Suisse Chairman Horta-Osorio says big investors back overhaul
Credit Suisse’s (CSGN.S) big shareholders back the scandal-hit bank’s new strategy, Chairman Antonio Horta-Osorio told Swiss newspaper NZZ am Sonntag, adding the group would also overhaul its pay system for executives to reduce risk.
The New Masters: How auction houses are chasing crypto millions
Little could James Christie have known some 240 years ago, as he sold masterpieces by Rembrandt and Rubens to Catherine the Great, that his auction house would one day offer virtual apes to a crypto company for over $1 million.
SoftBank dragged into red by falling Vision Fund valuations
SoftBank Group Corp (9984.T) reported a 397 billion yen ($3.5 billion) net loss for the July-September quarter, dragged down by a $10 billion investment loss at its Vision Fund unit as tech valuations fell.
Crypto rally lifts ether to new record, bitcoin to near 3-week high
Bitcoin rallied toward its all-time high on Monday and ether climbed to a fresh record as cryptocurrencies rode a wave of momentum, flows, favourable news and inflation fears.
