Business

Blackstone makes sweetened $6.2 bln play for Australia’s Crown

Investment giant Blackstone Group Inc (BX.N) made a $6.2 billion approach for troubled Australian casino firm Crown Resorts Ltd (CWN.AX), sweetening an earlier offer as its main rival bidder is beset by regulatory problems.

Asia sits out equities rally as Alibaba slides

Asian shares sat out a global rally on Friday as disappointing earnings from Chinese e-commerce giant Alibaba reinforced worry about slowing growth in the world’s second-largest economy, even as European and U.S. share futures indicated gains.

Nvidia forecasts upbeat revenue on metaverse hopes

Nvidia Corp (NVDA.O) forecast fourth-quarter revenue above analysts’ expectations on Wednesday, betting on growth in its data center business as more internet companies set out to invest in artificial intelligence and the metaverse.

Inflation fears but Turkey likely still in rate-cut mode

European gas prices have resumed their climb and are up 60% so far in November , while Wednesday’s data showed a U.S. homebuilding sector beset with shortages of labour and material. And companies continue warning of higher costs that could hit margins.

Google signs 5-year deal to pay for news from AFP

Alphabet Inc’s Google will begin paying Agence France-Presse for its news content as part of broad five-year partnership announced Wednesday that marks one of the biggest licensing deals struck by a tech giant under a new French law.

Thyssenkrupp’s profit to double in 2022, flags hydrogen IPO

Thyssenkrupp’s (TKAG.DE) operating profit could more than double next year, the submarines-to-steel group said on Thursday, boosted by an economic recovery and turnaround that will likely include listings of its hydrogen and steel divisions.

Dollar gets fresh legs from U.S. data, hawkish talk

The U.S. dollar held above 4-1/2 year highs versus the yen and was set to make fresh gains towards the $1.12 levels against the euro on Wednesday after robust U.S. data and hawkish comments from Fed policymakers boosted expectations of a rate hike as early as mid-2022.

Blackstone makes sweetened $6.2 bln play for Australia’s Crown

Investment giant Blackstone Group Inc (BX.N) made a $6.2 billion approach for troubled Australian casino firm Crown Resorts Ltd (CWN.AX), sweetening an earlier offer as its main rival bidder is beset by regulatory problems.

Asia sits out equities rally as Alibaba slides

Asian shares sat out a global rally on Friday as disappointing earnings from Chinese e-commerce giant Alibaba reinforced worry about slowing growth in the world’s second-largest economy, even as European and U.S. share futures indicated gains.

Nvidia forecasts upbeat revenue on metaverse hopes

Nvidia Corp (NVDA.O) forecast fourth-quarter revenue above analysts’ expectations on Wednesday, betting on growth in its data center business as more internet companies set out to invest in artificial intelligence and the metaverse.

Inflation fears but Turkey likely still in rate-cut mode

European gas prices have resumed their climb and are up 60% so far in November , while Wednesday’s data showed a U.S. homebuilding sector beset with shortages of labour and material. And companies continue warning of higher costs that could hit margins.

Google signs 5-year deal to pay for news from AFP

Alphabet Inc’s Google will begin paying Agence France-Presse for its news content as part of broad five-year partnership announced Wednesday that marks one of the biggest licensing deals struck by a tech giant under a new French law.

Thyssenkrupp’s profit to double in 2022, flags hydrogen IPO

Thyssenkrupp’s (TKAG.DE) operating profit could more than double next year, the submarines-to-steel group said on Thursday, boosted by an economic recovery and turnaround that will likely include listings of its hydrogen and steel divisions.

Dollar gets fresh legs from U.S. data, hawkish talk

The U.S. dollar held above 4-1/2 year highs versus the yen and was set to make fresh gains towards the $1.12 levels against the euro on Wednesday after robust U.S. data and hawkish comments from Fed policymakers boosted expectations of a rate hike as early as mid-2022.

Categories