U.S. reports 1.35 million COVID-19 cases in a day, shattering global record
The United States reported 1.35 million new coronavirus infections on Monday, according to a Reuters tally, the highest daily total for any country in the world as the spread of the highly contagious Omicron variant showed no signs of slowing.
Online trading firm Plus500 expects annual profit to top market view
Plus500 (PLUSP.L) said on Monday it expects its annual profit to exceed market expectations even as the online trading platform reported a slower fourth-quarter growth as compared with the previous quarter on weak customer trading performance.
Private equity behemoth TPG aims for over $9 bln valuation in U.S. IPO
TPG is aiming for a valuation of as much as $9.3 billion in its U.S. initial public offering, as the private equity powerhouse finally moves closer to a stock market flotation after toying with the idea of going public for several years.
Analysis: Financial literacy or luck? The year small-time traders made a big impact
In May, San Diego-based Emily was feeling flush from a year of double-digit gains earned from trading stocks. Equity options, which some fellow stay-at-home investors were dabbling in, would juice up her returns, she decided.
BlackBerry revenue beats estimates as cybersecurity demand stays strong
BlackBerry Ltd (BB.TO), beat Wall Street estimates for third-quarter revenue on Tuesday, helped by sustained demand for its cybersecurity and Internet of Things products.
EXCLUSIVE Foxconn’s India plant to stay shut this week after protests – govt sources
Apple supplier Foxconn’s (2317.TW) plant near Chennai in southern India will remain shut this week following protests sparked by a food poisoning incident, three government sources told Reuters on Tuesday.
Analysis: China shines regulatory spotlight on livestream retail boom
China’s ‘common prosperity’ crackdown has turned a harsh spotlight on the country’s massive livestream e-commerce business – underlining the fragility of a surging sales channel that some of the world’s biggest brands have come to rely on.
SenseTime plans Hong Kong IPO relaunch Monday, sources say
Chinese artificial intelligence startup SenseTime Group (0020.HK) plans to keep its Hong Kong initial public offering (IPO) at $767 million as it considers re-launching the withdrawn deal as early as Monday, four people with direct knowledge of the matter said.
BMW hits 1 mln EV sales, targets 2 mln fully electric sales by 2025
BMW (BMWG.DE) has sold its one millionth electric vehicle (EV) – including purely electric and hybrid vehicles – and plans to reach two million sales of purely electric vehicles by 2025, the German carmaker said on Tuesday.
SenseTime launches Hong Kong IPO to raise up to $767 mln -term sheet
Chinese artificial intelligence startup SenseTime Group is looking to raise up to $767 million in its Hong Kong initial public offering (IPO), according to a term sheet seen by Reuters.
