Exclusive: China set to fine Ant Group over $1 billion, signalling revamp nears end-sources
Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma’s Ant Group, said six sources with direct knowledge of the matter, setting the stage for ending the fintech company’s two-year long regulatory overhaul.
Exclusive: India demands nearly $250 million from Pernod for undervaluing imports
Indian authorities have demanded $244 million from the local unit of French spirits giant Pernod Ricard for undervaluing concentrate imports for over a decade to avoid full payment of duties, a government notice seen by Reuters shows.
Exclusive: Bidders weigh offers valuing Toshiba at up to $22 billion – sources
Bidders for Toshiba Corp (6502.T) are considering offering up to 7,000 yen ($51.41) per share to take the troubled Japanese conglomerate private, three people familiar with the situation told Reuters, valuing the deal at about $22 billion.
Analysis: After another stunning U.S. stock market year, investors wonder how much gas is left
The U.S. stock market is set to deliver a three-peat of stellar annual returns, but chances of a similar performance in 2022 may be threatened by a more hawkish Federal Reserve, slowing earnings growth and a relentless pandemic.
Walmart’s Flipkart raises fresh funds for $38 billion valuation as IPO looms
Walmart Inc-owned Flipkart on Monday ushered back SoftBank Group Corp (9984.T) as an investor in a $3.6 billion funding round, doubling the Indian online retailer’s valuation to $37.6 billion in less than three years and ahead of its expected market debut.
