NEW YORK, Sept 29 (Reuters) – A nearly $16 billion JP Morgan fund is expected to reset its options positions on Friday, which could increase equity volatility at the end of a dismal quarter for stocks. Analysts have in the past pointed to the JPMorgan Hedged Equity Fund’s quarterly market reset and see it as … Read more
WASHINGTON, March 30 (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday banking regulations and supervisory rules needed to be reviewed following the failures of Silicon Valley Bank (SIVB.O) and the Signature Bank (SBNY.O). to ensure that the current risks of the banking system are taken into account. In remarks prepared for delivery to … Read more
BRUSSELS, March 30 (Reuters) – Alphabet’s Google Cloud (GOOGL.O) has accused Microsoft (MSFT.O) of anti-competitive cloud computing practices and criticized impending deals with several European cloud providers, saying they do not address broader concerns about its license terms. In Google Cloud’s first public comments on Microsoft and its European deals, its vice president Amit Zavery … Read more
SINGAPORE, March 30 (Reuters) – Asian stock markets posted recent gains on Thursday as fears of a banking crisis faded and investors wondered if a breakout in Chinese conglomerate Alibaba signaled a regulatory storm in Beijing targeting tech companies may finally wear off. The MSCI Asia Pacific ex-Japan equity index (.MIAPJ0000PUS) rose 0.2%. Like the … Read more
SHANGHAI/HONG KONG, March 30 (Reuters) – Alibaba Group (9988.HK) said on Thursday it would seek to monetize non-core assets and consider relinquishing control of some businesses as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that erased 70% of its shares. Group CEO Daniel Zhang said splitting the company into separate businesses will … Read more
MSCI All-World Index rises 0.3%, dollar eases UBS rehires Ermotti as head of merged unit Alibaba soars 13%, boosts other Chinese tech stocks Oil goes up, gold goes down LONDON, March 29 (Reuters) – Global stocks rose on Wednesday as investors welcomed greater stability in the banking sector, but optimism was not strong enough to … Read more
March 28 (Reuters) – Alibaba Group (9988.HK) plans to split its business into six main units covering e-commerce and the cloud in the biggest restructuring in its 24-year history, five of which, according to him, will explore fundraising or initial public offerings. . The six units are Cloud Intelligence Group, Taobao Tmall Commerce Group, Local … Read more
CFTC accuses Binance of “wilful misappropriation” of federal law Binance Compliance Was “Ineffective” Under CEO – CFTC CFTC cites practices first reported by Reuters last year March 27 (Reuters) – The world’s largest crypto exchange, Binance, and its CEO and founder Changpeng Zhao were sued by the U.S. Commodity Futures Trading Commission (CFTC) on Monday … Read more
HONG KONG, March 28 (Reuters) – Global stocks and U.S. bond yields rose on Tuesday as a U.S. regulator-backed deal by First Citizens BancShares to buy bankrupt Silicon Valley Bank eased concerns over problems of the sector. MSCI’s broadest non-Japan Asia-Pacific equity index (.MIAPJ0000PUS) edged up 0.3% in early morning Hong Kong time. US equity … Read more
SINGAPORE, March 27 (Reuters) – Saudi Aramco (2222.SE) on Sunday signed an agreement with Chinese partners for an oil refinery and petrochemical project in northeast China due to start in 2026 to meet the country’s growing demand for fuel and chemicals. . The project in Panjin City, Liaoning Province, will be Aramco’s second major refining-petrochemical … Read more
