Nintendo Surges on Reports of Record Year in Switch, Game Sales
Nintendo shares rose 1.6% in Tokyo on Monday after reports emerged it projects record software and Switch sales in the coming year, according to Bloomberg. A series of marquee game…
Amazon-Backed Deliveroo Targets Sale of $1.4 Billion of New Shares in IPO
Deliveroo plans to sell about 1 billion pound or $1.39 billion of new shares in its upcoming initial public offering, according to Reuters. The listing will also include the sale…
Cryptocurrency Miners and Traders in India can Face Penalties
India will propose a law banning cryptocurrencies and penalizing anyone trading or holding the digital assets in the country, according to Reuters. The proposed law, one of the world’s strictest…
Tesla Soars on Talk Reports with India’s Tata Power for EV Charging Infrastructure
Tesla shares rose 5.5% after CNBC-TV18 reported it is in talks with Indian conglomerate Tata Sons’ power generation unit, Tata Power, according to Reuters. The alleged talk with Tata Power…
SEC Targets Ripple Executives with Personal Information Request
The U.S Securities and Exchange Commission is seeking personal financial information of two Ripple Labs Inc. executives, according to Bloomberg. SEC claims the company misled investors in the cryptocurrency XRP…
Asia-Pacific Markets Follow Wall Street Peers. Close up Higher on Friday
Japan’s Nikkei 225 rose 1.73% or 506.19 points, to a high of 29,717.83 on Friday as other Asia-Pacific markets drifted higher. The rise in Asia-Pacific stocks follows U.S peers which…
Japan Post Group Agree to Capital and Business Alliance with Rakuten Group
Japan Post Holdings Co. Ltd, Japan Post Co., Ltd, and Rakuten Inc. have signed a business alliance agreement to strengthen their collaborations, according to press release. The collaborations cut across…
PWC: Post-Brexit U.K to Become 4th Favourable Investment Destination. Overtakes India
A survey by PricewaterhouseCoopers ranks post-Brexit Britain as the fourth most favored investment destination, according to Reuters. The survey involved CEOs of more than 5,000 companies. Britain’s attractions have been…
Americans to Start Receiving Relief Payments this Weekend-Yellen
U.S Treasury Secretary Janet Yellen says Americans will start receiving $1,400 relief payments this weekend, reports Bloomberg. The remarks came hours after the enactment of the $1.9 trillion pandemic-relief bill…
Tencent, 11 other Firms Fined By Chinese Regulator for Violating Anti-Monopoly Rules
China’s State Administration for Market Regulation has fined 12 companies involved in 10 deals that violated anti-monopoly rules, according to Reuters. The companies were fined 500,000 Yuan or $77,000 and…
Binance Crypto Exchange Names Former U.S Senator as its Adviser
Binance Holdings, the world’s largest cryptocurrency exchange, has named Max Baucus, former U.S politician as its adviser, according to Bloomberg. Baucus, 79, will provide guidance and policy advice covering some…
States Defy Warnings to Lift Coronavirus Control Measures
More U.S states are reopening their economies and terminating their mask mandates, according to CNBC. The move comes despite pleas from top U.S officials in the Biden administration to tread…
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