Business

Wall St Week Ahead Tech retakes market lead as investors eye yields, earnings

U.S. technology and growth stocks have taken the market’s reins in recent weeks, pausing a rotation into value shares as investors assess the trajectory of bond yields and upcoming earnings reports. Technology (.SPLRCT) has been the top-performing S&P 500 (.SPX) sector in April, rising 8% versus a 5% rise for the benchmark index. Big tech-related […]

Business

Toshiba bid to test Japan’s corporate governance rules

A potential bid for Toshiba Corp (6502.T) is set to test both corporate governance at the scandal-hit conglomerate as well as rule changes in Japan designed to improve transparency and protect minority shareholders. The process puts the spotlight on the world’s third-largest economy’s efforts to attract more investments from overseas just as global private equity […]

Business

A tale of two carmakers: GM and Toyota take different electric roads in China

Toyota, the world’s biggest carmaker, is set to unveil its solution at the Shanghai auto show on April 19: a new universal platform for electric vehicles (EVs) called e-TNGA that will underpin an array of models from small runarounds to large SUVs. It will also display its concept electric mid-sized sport-utility vehicle (SUV), based on […]

Business

Bitcoin slumps 14% as pullback from record gathers pace

Bitcoin, the world’s biggest cryptocurrency, fell as much as 14% to $51,541 on Sunday, reversing most of the big gains it made over the past week. Bitcoin was last trading down 10% at $53,991 as of 1320 GMT, a whopping $12,000 below record highs set on Wednesday. Smaller rival Ether , the coin linked to […]

Business

Clubhouse closes new round of funding that would value app at $4 billion

Audio-chat app Clubhouse closed a new Series C round of financing, the company said during its weekly town hall on Sunday, without disclosing the amount raised. A source familiar with the matter confirmed to Reuters that the new financing would value the company at $4 billion. The social media app said the new round of […]

Business

China’s green car credit scheme turns up heat on carbon-emitters

A policy shift by China’s government is ratcheting up pressure on automakers to hasten development of green vehicles or pay rivals such as Tesla Inc (TSLA.O) and Chinese startups for green credits. Regulators are putting more teeth on a system of tradable green car credits to wean the industry off a decade-long policy of subsidies […]

Business

Grab mulling secondary Singapore listing after SPAC merger

Listing on Singapore Exchange (SGXL.SI) would enable Grab to have an investor base close to where its regional business is based, the people said, potentially offering its customers, drivers and merchant partners easier access to trade its shares. Grab, a household name across Southeast Asia, is in the early stages of considering a secondary listing […]