Page 44 - Stk News Today

(Bloomberg Opinion) -- In the end, Indian billionaire Mukesh Ambani settled the dispute over who gets to own the assets of beleaguered Future Retail Ltd. not in an arbitration tribunal in Singapore, or in a courtroom in New Delhi, but in a shopping aisle.

(Bloomberg) -- Stocks are set to extend gains Thursday after the Federal Reserve raised interest rates and signaled the U.S. can absorb tighter policy. A flatter Treasury yield curve suggests concerns growth may not be as resilient.  Futures for Japan, Australia, Hong Kong and the U.S. climbed.

(Bloomberg) -- Atento SA, the Latin American call-center giant, is exploring options including a sale, according to people with knowledge of the matter. Sao Paulo-based Atento is working with Goldman Sachs Group Inc.

(Bloomberg) -- The Chinese nickel tycoon whose big short position caused chaos in the market reached a deal with his banks for a standstill agreement to avoid further margin calls. During the standstill period, Xiang Guangda’s Tsingshan Group Holding Co.

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(Bloomberg) -- Arm Ltd., the SoftBank Group Corp. unit preparing for an initial public offering, will cut as much as 15% of its workforce, part of an effort to rein in spending and focus on fewer projects.  The British company will shed 12% to 15% of staff in the U.K. and the U.S.

(Bloomberg Businessweek) -- It was 5:42 a.m. on March 8 in London when the nickel market broke. At that time of day, bleary-eyed traders are typically just glancing at prices as they swig coffee on their way to the office.

(Bloomberg) -- Sany Heavy Industry Co., one of China’s largest makers of construction machinery, is considering a listing in Switzerland as it seeks to tap overseas investors, people with knowledge of the matter said.

Chinese technology stocks extended their rout in Hong Kong on Monday, as a lockdown in Shenzhen added to investor angst over geopolitical and regulatory risks.

(Bloomberg) -- Last Monday, Sea Ltd. employees were starting their week when an email from Chief Executive Officer Forrest Li arrived. In the 900-word memo, the billionaire adopted a contrite tone, addressing head-on a $150 billion plunge in his company’s value since late 2021.