Third Level reveals almost $1 billion guess in Disney, requires adjustments

Aug 15 (Reuters) – Hedge fund Third Point disclosed on Monday a stake of about $1 billion in Walt Disney Co (DIS.N) and said they plan to push the media company to make a series of changes, from spinning off cable sports channel ESPN to buying back shares and adding new board members. Billionaire investor … Read more

NYSE delistings sign Beijing could also be keen to compromise on US audit dispute analysts

A trader walks onto the floor of the New York Stock Exchange (NYSE) in New York City, U.S. June 14, 2022. REUTERS/Brendan McDermid Sign up now for FREE unlimited access to Reuters.com Program HONG KONG, Aug 15 (Reuters) – The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) … Read more

Oil falls as China knowledge weighs

FILE PHOTO – A pump jack surrounded by steam is seen during sunset at PetroChina’s oil field in Karamay, Xinjiang Uygur Autonomous Region January 5, 2011. REUTERS/Stringer Sign up now for FREE unlimited access to Reuters.com Program Data shows China’s July refinery output is the lowest since March 2020 Stronger US dollar and low liquidity … Read more

Asia shares combined, China price cuts as disappointing knowledge

FILE PHOTO – People walk past an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Sign up now for FREE unlimited access to Reuters.com Program https://tmsnrt.rs/2zpUAr4 Nikkei edges up, S&P 500 futures float PBOC cuts key rates, China data misses forecasts badly Eyes … Read more

China unexpectedly cuts 2 key charges, withdraws cash from banking system

The People’s Bank of China (PBOC), the central bank, is headquartered in Beijing, China September 28, 2018. REUTERS/Jason Lee Sign up now for FREE unlimited access to Reuters.com Program SHANGHAI, Aug 15 (Reuters) – China’s central bank unexpectedly cut a key interest rate for the second time this year and withdrew some money from the … Read more

Former Deutsche Financial institution CEO Anshu Jain dies

Anshu Jain, co-CEO of Deutsche Bank, addresses the bank’s annual general meeting in Frankfurt, Germany, May 21, 2015. REUTERS/Kai Pfaffenbach Sign up now for FREE unlimited access to Reuters.com Program Aug 13 (Reuters) – Anshu Jain, a financial executive best known for helping German lender Deutsche Bank AG (DBKGn.DE) to take on the biggest Wall … Read more

Peloton to chop jobs, shut shops and lift costs in company-wide overhaul

August 12 (Reuters) – Peloton Interactive Inc (PTON.O) It said on Friday it would cut jobs, close stores and raise prices on its fitness equipment including treadmills and high-end bikes as it embarks on a company-wide overhaul to protect its revenue and improve cash flow. The company’s shares rose about 11% in afternoon trade after … Read more

5 state-owned Chinese language corporations to delist from NYSE

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned firms including China Life Insurance (601628.SS) and the oil giant Sinopec (600028.SS) It said on Friday it would delist from the New York Stock Exchange, amid heightened diplomatic and economic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS)China … Read more

The fortunes of the playing business diminish because the stress of the pandemic continues to squeeze spending

August 10 (Reuters) – (This August 10 story corrects a typo in the first paragraph. An older version was corrected to change the name of the research firm in paragraph 5) Gaming companies are facing a slowdown in demand for video games since the peak of the pandemic, raising doubts about their ability to weather … Read more

Alibaba’s sale to SoftBank may finish a damaged taboo

SoftBank Group Corp CEO Masayoshi Son attends a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon Sign up now for FREE unlimited access to Reuters.com Program LONDON, Aug 10 (Reuters Breakingviews) – Masayoshi Son is thinking the unthinkable at SoftBank Group (9984.T). His $63 billion technology and telecommunications empire will reduce its stake … Read more