Trading volumes at major cryptocurrency exchanges fell by more than 40% in June, research showed on Monday, with a regulatory crackdown in China and lower volatility among the factors depressing activity.
Walmart Inc-owned Flipkart on Monday ushered back SoftBank Group Corp as an investor in a $3.6 billion funding round, doubling the Indian online retailer's valuation to $37.6 billion in less than three years and ahead of its expected market debut.
Stock-trading app Robinhood Markets Inc is giving its billionaire founders four more years to hit share price targets that trigger stock awards worth $1.4 billion, according to a regulatory filing and four executive compensation experts who reviewed it.
The three major U.S. stock indexes rallied to record closing highs on Friday as financials and other economically focused sectors rebounded from a selloff sparked by growth worries earlier in the week.
Volkswagen's supervisory board will discuss on Friday whether to extend the contract of Chief Executive Herbert Diess, two people familiar with the matter told Reuters.
Didi Global's shares fell more than 10% in New York on Friday after China's cyberspace agency said it had launched an investigation into the Chinese ride-hailing giant to protect national security and the public interest.
The U.S. debt ceiling comes back into effect at the end of July, putting pressure on the Treasury to reduce its cash balance ahead of the deadline. That means more injections of cash into a financial system already swimming with liquidity, potentially sinking short-term rates and causing undue distortion in money markets.
From working at a foot massage company to setting up China's biggest ride-hailing firm, Will Wei Cheng has navigated several hurdles on the path to taking Didi Global Inc public in a $4.4-billion New York float.
Chinese ride-hailing giant Didi Global is set to make its trading debut on the New York Stock Exchange on Wednesday after an initial public offering that sources said raised $4.4 billion, valuing it at $67.5 billion in the biggest share sale by a Chinese company in the U.S. in seven years.
Oil companies are betting that if they sell land, buyers will come, as crude prices have soared more than 50% this year, fueling the most robust pipeline of deals in more than four years.
ChemChina is aiming to raise around $10 billion from a Shanghai IPO for Swiss agrichemical giant Syngenta Group, in what is set to be the world's largest flotation this year, sources with direct knowledge of the matter told Reuters.
Wall Street's industry regulator fined Robinhood Financial LLC $70 million on Wednesday for "systemic" failures, including systems outages, providing "false or misleading" information, and weak options trading controls, saying those factors combined harmed millions of the app's customers.
Didi Global Inc shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.
Major cryptocurrency exchange Binance said on Wednesday that sterling withdrawals from its platform had been reactivated, with users also able to buy digital coins with debit and credit cards.
Shares of Dingdong, backed by SoftBank Vision Fund II, opened 19% above their offer price in their market debut in the United States on Tuesday, giving the Chinese grocery app a valuation of $6.6 billion.
