Holcim eyes $30 billion valuation with North American business listing, picks new CEO
Holcim, one of the world’s biggest cement makers, plans to spin off its North American operations in a flotation which could value the business at $30 billion.
Sony is making a bold bet on an African gaming startup to boost PlayStation’s reach in the continent
Sony is hoping to expand PlayStation’s reach in the continent.
CNBC Daily Open: Big Tech earnings on tap
The majority of the so-called “Magnificent 7” will report results in the coming days: Alphabet, Amazon, Apple, Meta, and Microsoft.
Zee founder family to eventually lift stake to 26%, according to reports
Zee Entertainment founder’s family will eventually lift their stake to 26% from 4% currently, Mint reported, days after a merger with Sony’s India unit failed.
Norway defends deep-sea mining, says it may help to break China and Russia’s rare earths stronghold
Norway says its decision to give the go-ahead to deep-sea mining could help the country break China and Russia’s rare earths dominance.
Oil prices fall as China property crisis overshadows Middle East violence
Oil prices are flat after missiles launched by Iran-backed militants killed three U.S. troops in Jordan and struck a fuel tanker in the Red Sea.
China’s luxury market is bouncing back. Analysts say these are new areas of opportunity
As China’s luxury sales rebound, industry analysts and financial releases from major brands point to new growth opportunities versus pre-pandemic trends.
China removes state media article on plans to merge bad debt asset managers with sovereign wealth fund
Beijing pledged last Monday to strengthen the “inherent stability” of its capital markets and improve market confidence.
Evergrande shares halted after Hong Kong court orders liquidation
Shares of China Evergrande plunged over 20% in early trading on Monday before being halted.
