1.GOOGLE :Alphabet Inc’s Google said on Wednesday its presence in South Korea equates to nearly 12 trillion won ($10.16 billion) in economic benefits for its users, as the U.S. tech giant faces increased scrutiny from regulators and politicians. Google’s announcement came a day after South Korea’s antitrust agency fined...
TOP 5 STOCKS TO WATCHOUT:- 1.HSBC: -HSBC said on Monday it had agreed to acquire Axa’s insurance assets in Singapore for $575 million, part of its broader strategy of scaling up its wealth management business in Asia and boosting fee income. The bank said in February it would invest...
1.TESLA : Tesla Inc chair Robyn Denholm sold more than $22 million worth of shares in the electric-car maker after exercising stock options, according to a filing with the U.S. Securities and Exchange Commission (SEC). Denholm sold 31,250 shares at weighted average prices ranging from $703 to $726.200 in...
1.CITIGROUP: Citigroup’s corporate and investment banking revenue for its Saudi Arabia business has “nearly tripled” since returning to the kingdom in 2018, a senior executive said on Thursday. Citi obtained a capital markets licence in 2017, allowing it to return to the kingdom in 2018 after a 13-year absence. It...
1.GOOGLE:An attorney for the U.S. The Justice Department said on Tuesday that he wanted depositions planned for August in an antitrust lawsuit against Alphabet’s Google to be live rather than on Zoom. The government hopes to question, or depose, three people in August, one Google employee and two people...
1.FACEBOOK: Australia’s competition watchdog is looking into a claim that Facebook Inc refused a publisher’s request to negotiate a licensing deal, the regulator told Reuters, setting the stage for the first test of the world’s toughest online content law. The Conversation, which publishes current affairs commentary by academics, said it...
1.VISA: Payments technology company Visa Inc said on Thursday it had signed a deal to buy European open banking platform Tink and would pay 1.8 billion euros ($2.15 billion) for the acquisition. The total financial consideration of 1.8 billion euros included cash and retention incentives, the company said. It said...
1.TESLA:Electric-vehicle maker Tesla Inc said on Wednesday it has opened its first charging station in China with its own solar and energy storage facilities. The charging station in Lhasa city will generate power from sunlight and store it in the energy storage facilities for electric vehicles to charge, the...
1.APPLE:-Apple boss Tim Cook took aim on Wednesday at proposed European rules aimed at curbing the power of U.S. tech giants, saying they could pose security and privacy risks to iPhones. Cook, in his first public comments about the Digital Markets Act (DMA) proposed by EU antitrust chief Margrethe...