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.
Shipping rate surge threatens global economy recovery, UNCTAD says
A surge in container shipping rates poses a threat to the global economic recovery, with small countries dependent on deliveries by sea expected to be hardest hit by a spike in import prices, U.N. agency UNCTAD said on Thursday.
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.
Global need for copper, nickel will multiply over next 30 years -BHP
The global markets will need four times the nickel and double the copper in the next 30 years to facilitate a decarbonised world, a BHP Group (BHP.AX) executive said on Wednesday.
Dollar stands tall after firm U.S. data, Asian stocks wobble
The dollar reached a four-and-a-half-year high against the yen on Wednesday after better-than-expected U.S. retail data, which also boosted Wall Street equities, although Asian shares failed to follow suit.
Metaverse: a $50 bln revenue opportunity for luxury – MS
Digital demand for fashion and luxury brands is expected to grow from current low levels and result in extra sales for the industry that could reach $50 billion by 2030, according to Morgan Stanley.
