Robinhood reveals breakneck growth, legal pitfalls in IPO filing
Robinhood Markets Inc on Thursday set the stage for its hotly anticipated IPO as it revealed rapid growth in users of its trading app in a filing, while also flagging a swathe of investigations by prosecutors and regulators.
Big Tech’s push into India’s financial sector raises concerns, says central bank
Plans by Big Tech to foray further into India’s financial sector pose risks for traditional banks as the tech firms have the potential to become dominant players in financial services, the central bank said.
130 countries back global minimum corporate tax of 15%
Most of the countries negotiating a global overhaul of cross-border taxation of multinationals have backed plans for new rules on where companies are taxed and a tax rate of at least 15%, they said on Thursday after two days of talks.
Qualcomm’s new CEO eyes dominance in the laptop markets
Qualcomm Inc’s (QCOM.O) new chief thinks that by next year his company will have just the chip for laptop makers wondering how they can compete with Apple Inc (AAPL.O), which last year introduced laptops using a custom-designed central processor chip that boasts longer battery life.
Dollar rides high to U.S. jobs test
The U.S. dollar was perched at a 15-month high on the yen and at multi-month peaks against other majors on Friday, as traders wagered strong U.S. labour data could lift it even further.
Ghosts of taper tantrum to haunt EMFX, stir volatility memories: Reuters poll
Volatility risks in coming months are high on the radar of emerging market currency investors still familiar with past Fed tightening, a Reuters poll of strategists found, but commodity prices are offering support amid slow vaccination rates.
Asia M&A bonanza fuelled by Southeast Asia, private equity deals
Asian merger and acquisition activity surged to its second-highest level ever for a first half as Southeast Asian and private-equity deals hit records, and bankers expect the strong momentum to be maintained for the rest of the year.
Marketmind: Known unknowns and unknown unknowns
A look at the day ahead from Julien Ponthus.
PepsiCo vows to cut soda sugar levels by 25% in EU by 2025
PepsiCo Inc (PEP.O) said on Thursday it plans to reduce sugar content in sodas and iced teas by a fourth in the European Union and launch more nutritious snacks by 2025, to attract more health-conscious consumers in its second-biggest market.
‘Flying off the shelves’: Primark sales soar in reopened markets
Primark’s sales exceeded pre-pandemic levels and management expectations in its latest quarter as stores reopened after COVID-19 lockdowns and consumers splashed out to update their wardrobes.
