Alibaba aims to raise $5 billion in dual currency bond deal, sources say
By Scott Murdoch SYDNEY (Reuters) -China’s biggest e-commerce company Alibaba (NYSE:BABA) Group is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with direct knowledge of the matter. The company confirmed plans…
Japan stocks lower at close of trade; Nikkei 225 down 1.05%
Investing.com – Japan stocks were lower after the close on Monday, as losses in the Real Estate, Shipbuilding and Financial Services sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 1.05%. The best performers of the…
Warner Bros Discovery, NBA settle legal battle over broadcast rights, WSJ reports
(Reuters) – Warner Bros Discovery (NASDAQ:WBD) has settled its breach of contract lawsuit against the National Basketball Association (NBA), the Wall Street Journal reported on Saturday, citing people familiar with the matter. The agreement will keep the media company in…
Netflix says 60 million households worldwide tuned in for Paul-Tyson match
(Reuters) – Netflix (NASDAQ:NFLX) said on Saturday that 60 million households worldwide had tuned in for the highly anticipated boxing match between Jake Paul and Mike Tyson, and the event peaked at 65 million streams, according to a statement. The…
TikTok parent ByteDance’s valuation hits $300 billion, sources say
By Echo Wang and Chandni Shah (Reuters) -TikTok’s parent company ByteDance is valuing itself at about $300 billion, after it recently approached investors about a share buyback program, according to two people familiar with the matter and a document viewed…
US utilities want Trump, Republicans to save IRA tax credits, Edison CEO says
By Valerie Volcovici BAKU (Reuters) – The U.S. utility industry wants the incoming Trump administration and Republican-led Congress to preserve clean energy and EV tax credits in the Inflation Reduction Act, Pedro Pizarro, the CEO of utility Edison International (NYSE:EIX)…