SWIT

EXCLUSIVE Beijing gives first nod to revive Ant IPO after crackdown chills sources

Ant aims to file preliminary prospectus as soon as July – sources Ant needs CSRC guidance on when to file source prospectus Ant says there are no plans to relaunch its IPO statement Warburg Pincus valued Ant at $180 billion at the end of March HONG KONG, June 9 (Reuters) – China’s central management has …

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Stocks fall as sentiment dips on rate fears and yields rise

Investors cautious ahead of ECB meeting and US CPI data White House expects next inflation numbers to be high Crude hits 13-week high on rising US demand Global growth concerns sap investment sentiment NEW YORK, June 8 (Reuters) – U.S. and European stocks fell on Wednesday as prospects for a rate hike dampened sentiment, while …

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Sheryl Sandberg, owner of Facebook, Meta Platforms, will leave after 14 years

June 1 (Reuters) – Meta Platforms Inc (FB.O) COO Sheryl Sandberg, whose close partnership with CEO Mark Zuckerberg fueled the growth of the world’s largest social network, is leaving the company after 14 years, she said in a post on Wednesday. Facebook. The announcement initially sent shares of the social media company down 4%, but …

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Alibaba suspends advice due to COVID risks; Resilient Q4 raises stock

The Alibaba Group logo is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter Join now for FREE unlimited access to Reuters.com Register Fourth-quarter adjusted profit of 7.95 yuan/share vs. estimate of 7.31 yuan/share Fourth-quarter revenue up 9% to 204.05 billion yuan from an estimate of 199.25 billion yuan Analysts say Q4 …

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