(Reuters) -Alibaba raised its share buyback programme to $25 billion on Tuesday, the largest ever repurchase plan by the e-commerce giant, to prop up its battered shares as it fights off regulatory scrutiny and concerns about slowing growth. The plan comes amid a tech stock rally in the past few days after Chinese Vice Premier…
By Clare Jim and Jason Xue HONG KONG (Reuters) -China Evergrande Group said on Tuesday the embattled developer would not be able to publish its financial results for last year by March 31 as required by stock listing rules because audit work has not been completed. Evergrande said in a stock exchange filing that due…
By Dawn Chmielewski (Reuters) – Disney CEO Bob Chapek on Monday told employees the company made a mistake remaining silent on Florida legislation that would limit classroom discussion of sexual orientation and gender identity, pledging to use the moment as a catalyst for change. The comments at a virtual town hall for employees came amid…
(Reuters) -Alibaba Group Holding Ltd raised its share buyback programme to $25 billion on Tuesday, its second increase in less than a year to prop up stocks that have been battered by concerns over slowing growth. The announcement marks an increase from its earlier plan to buy back $15 billion shares, and marks the biggest…
WUZHOU, China (AP) — Mud-stained wallets. Bank cards. Official identity cards. Poignant reminders of 132 lives presumed lost were lined up by rescue workers scouring a remote Chinese mountainside Tuesday for the wreckage of a China Eastern flight that one day earlier inexplicably fell from the sky and burst into a huge fireball. No survivors…
HONG KONG (Reuters) – China Evergrande Group said on Tuesday the embattled developer would not be able to publish its financial results for last year by March 31 as required by stock listing rules, as audit work has not yet been completed. Its two Hong Kong-listed units, China Evergrande New Energy Vehicle Group and Evergrande…
By Tom Westbrook SINGAPORE (Reuters) – The yen fell through the psychological 120 level for the first time since 2016 on Tuesday, after a hawkish speech from Federal Reserve Chair Jerome Powell raised bets on higher U.S. interest rates and widened the policy gap on a dovish Bank of Japan. The yen fell about 0.4%…
Oil futures extended gains on Tuesday morning on news that some European Union members are considering imposing sanctions on Russian oil and as attacks on Saudi oil facilities sent jitters through the market. Front-month West Texas Intermediate futures were up $2.21, or 1.97%, to $114.33 a barrel on NYMEX and Brent futures were up $2.51,…
By Jamie Freed and Eric M. Johnson (Reuters) – The deadly crash of a China Eastern Airlines 737-800 could set back Boeing’s efforts to regain ground in the world’s biggest aircraft market and deliver more than 140 737 MAX jets already constructed for Chinese customers. The 737-800 that crashed on Monday does not have the…
By Nupur Anand and Abhirup Roy MUMBAI (Reuters) -Indian lenders are set to initiate debt recovery proceedings against Future Retail this week to safeguard their interests after rival Reliance unexpectedly took over some of the retailer’s stores, two bankers told Reuters. Future, hit by the pandemic, has been struggling to pay off its debt and…
