Prosus nets $14.6 billion from sale of Tencent stake
AMSTERDAM (Reuters) – Amsterdam-based technology investor Prosus NV has netted $14.6 billion from the sale of a 2% stake in Tencent Holdings Ltd, the Chinese gaming and social media giant said, in one of the world’s largest ever block trades. “Our belief in Tencent and its management team is steadfast, but we also need to […]
Tesla is taking the Stock market by storm
Tesla is an American electric vehicle and clean energy company based in California. The main focus of Tesla is serving electronic machines. A senior research analyst Craig Irwin says Tesla’s stock is hyped. When its stocks are priced at $150, he believes it should be worth $700. Tesla’s stocks are expected to be a game-changer in the stock market.
Exclusive-HSBC moves more than 1,200 UK staff to permanent home working
LONDON (Reuters) – HSBC is moving more than 1,200 staff in Britain to permanent working from home contracts, in one of the strongest indications yet of how banks are locking in changes to employees’ work patterns as a result of the pandemic to cut costs. Around 70% of the bank’s 1,800 call centre staff based […]
Big ECB climate change role may be step too far warns Wunsch
FRANKFURT (Reuters) – A major role in tackling climate change may go beyond the European Central Bank’s mission and competence, Belgian policymaker Pierre Wunsch said, weighing in on a debate that could reshape Europe’s most powerful financial institution.
Global liquidity and bull run in Domestic Equity Market Trigger Firms Raise over Crores
As the volume of cross-border transactions is growing at an astounding rate in the last decade, it has been accompanied by a number of qualitative changes.
SoftBank to lead nearly $1.2 billion investment in diagnostics firm Invitae
(Reuters) -Invitae Corp said on Monday a group of investors including SoftBank Group Corp will invest $1.15 billion in the U.S. genetic diagnostics company. It said the investment, to be used for its growth initiatives, will be in convertible senior notes, which will bear 1.5% interest per year. The company said the notes will have […]
Japan’s Mizuho says to revise contingency plan for system failure after recent glitches
TOKYO (Reuters) -Mizuho Financial Group Inc will revise its contingency plan for a system failure by the end of June, the lender said on Monday, after it suffered four system glitches during a two-week period from February to March. Mizuho, Japan’s third largest lender by assets, will hold a news briefing at 0900 GMT, which […]
Habib Bank Limited (HBL) has managed to digitize its service in Pakistan
[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22″][et_pb_row admin_label=”row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”] In the world of digitization, Pakistan is all set to digitized its banking services with HBL. HBL is a Pakistani multinational bank, It is Pakistan’s first commercial bank. Which was founded in 1940. COO of HBL, Mr. […]
One-fourth of the total population is vaccinated in the US
According to a Centers for Disease Control and Prevention report, the vast majority of citizens have been vaccinated at least once, and the United States has the world’s highest vaccination rates. One-fourth of the total population has been immunized with the vaccine, with 15% fully vaccinated.
Credit Suisse in firing line after Archegos losses
ZURICH/NEW YORK (Reuters) – Pressure was mounting on Credit Suisse on Tuesday over losses linked to the downfall of Archegos Capital, with analysts warning its dividend and share buyback plans may need to go on hold and investors advised to vote against management pay.
