Asian shares rise after consumer confidence boosts Nasdaq to record high
Asian shares rose and a gauge of global equities hovered near record highs on Wednesday after rising consumer confidence in economic recovery boosted the Nasdaq index to its highest-ever closing level.
Australian regulator seeks feedback on managing ‘risky’ crypto assets
Australia’s securities regulator said on Wednesday it would consult market participants on proposals to identify appropriate crypto assets and set up good market practices for financial instruments that expose them to digital currency-backed assets.
Little Engine No. 1 beat Exxon with just $12.5 mln – sources
Activist investor Engine No. 1 spent roughly $12.5 million to win three board seats at Exxon Mobil Corp(XOM.N), less than half its originalbudget, for the year’s biggest and most closely watched corporate contest, people familiar with the number said.
Musk says may need $30 bln to keep Starlink in orbit
Billionaire entrepreneur Elon Musk said on Tuesday that his Starlink satellite internet venture was growing quickly as he forecast total investment costs in the business at between $20 billion and $30 billion.
Financial sector faces heavier burden in EU climate plans, sources say
The European Union is considering a wide range of measures to bring the bloc’s financial sector into line with its climate plans, sources who have seen a European Commission strategy paper told Reuters.
Bank stocks set Dow for higher open ahead of consumer confidence data
The blue-chip Dow index was set to open higher on Tuesday, as shares of big U.S. banks rose, while investors looked to consumer confidence data against the backdrop of rising inflation and a spike in COVID-19 cases across Asia.
EXCLUSIVE SoftBank leads new funding round in Gympass, valuing startup at $2.2 bln
Gympass, which makes gym memberships more accessible for corporate employees, has raised $220 million in a funding round led by existing investor SoftBank Group Corp (9984.T), more than doubling the startup’s valuation to $2.2 billion.
EXCLUSIVE TP ICAP to launch crypto trading platform with Fidelity, Standard Chartered
TP ICAP (TCAPI.L), the world’s biggest interdealer broker, is launching a cryptocurrency trading platform with Fidelity Investments and Standard Chartered’s digital assets custody unit, the consortium said on Tuesday.
Growth stock comeback fuels Cathie Wood’s ARK funds
A more than 10% surge in growth stocks since the start of the quarter is fueling a comeback in star stock picker Cathie Wood’s ARK funds, which posted some of the worst declines among all U.S. equity funds over the first three months of the year.
MUFG board beats back climate resolution as activists falter in Japan
Mitsubishi UFJ Financial Group (8306.T) shareholders on Tuesday defeated a proposal for the bank to align its business with global targets on climate change, dealing a win for the board over investors pushing for more action on the environment.
