Jonathan Wong
The Latest
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Ant Group Scales Down Stake in India's Paytm
As per the announcement released by Paytm on the Indian National Stock Exchange, a subsidiary of Ant Group converted nearly half of its shares in the Indian payment company, Paytm, into convertible bonds on Monday. The deal, based on Paytm's closing price on August 4, comprises 10.3% of its shares, valued at approximately $628 million (45 billion yuan). 
As per the announcement released by Paytm on the Indian National Stock Exchange, a subsidiary of Ant Group converted nearly half of its shares in the Indian payment company, Paytm, into convertible bonds on Monday. The deal, based on Paytm's closing price on August 4, comprises 10.3% of its shares, valued at approximately $628 million (45 billion yuan). -
Russian Oil Breaks Price Ceiling, Setting New Monthly Revenue Record
Amid ongoing production cuts by the OPEC+ alliance, Russia, a major oil-producing nation, may have bypassed sanction limits, reaping more funds from its oil sales. 
Amid ongoing production cuts by the OPEC+ alliance, Russia, a major oil-producing nation, may have bypassed sanction limits, reaping more funds from its oil sales. -
Union Demands Roar, General Motors and Ford Hit Hard: A New Problem for Traditional U.S. Automakers Amid Electric Transition
The potential $80 billion in extra spending demanded by unions from two major American auto giants, General Motors and Ford, sends production costs soaring and confidence plummeting. General Motors nosedived by 5.8% (over 6% intra-day), while Ford fell 4.5% (over 5% intra-day). These two stocks are among the top three losers in the S&P 500 index. 
The potential $80 billion in extra spending demanded by unions from two major American auto giants, General Motors and Ford, sends production costs soaring and confidence plummeting. General Motors nosedived by 5.8% (over 6% intra-day), while Ford fell 4.5% (over 5% intra-day). These two stocks are among the top three losers in the S&P 500 index. -
Wall Street's CEO Race Heats Up: Morgan Stanley Seeks to Break Tradition
The hunt for Wall Street's next top CEO is intensifying. Recently, 65-year-old Morgan Stanley CEO James Gorman shared his plans to identify an appropriate successor within the next year. 
The hunt for Wall Street's next top CEO is intensifying. Recently, 65-year-old Morgan Stanley CEO James Gorman shared his plans to identify an appropriate successor within the next year. -
Mild Inflation Signals: Fed Likely to Hold Rates Steady Amid Rising CPI
On Thursday, following the release of U.S. CPI data, Wall Street Journal reporter Nick Timiraos, among others, suggested that the July increase in the U.S. Consumer Price Index (CPI) indicates mild price pressure, potentially discouraging the Federal Reserve from hiking interest rates in September. 
On Thursday, following the release of U.S. CPI data, Wall Street Journal reporter Nick Timiraos, among others, suggested that the July increase in the U.S. Consumer Price Index (CPI) indicates mild price pressure, potentially discouraging the Federal Reserve from hiking interest rates in September. -
SMIC Q2 Revenue Dips 18% YoY, But Hopes for H2 Rebound Shine Bright
On Thursday, August 10, chip manufacturer Semiconductor Manufacturing International Corporation (SMIC) released its financial results for the second quarter, ending June 30. 
On Thursday, August 10, chip manufacturer Semiconductor Manufacturing International Corporation (SMIC) released its financial results for the second quarter, ending June 30. -
Disney Reports Mixed Quarter: Streaming Subscribers Dip, Theme Parks Shine, and Disney+ Set for 27% Price Hike
On Wednesday, following the close of the U.S. stock market on August 9, Disney revealed its third-quarter financial results ending July 1. 
On Wednesday, following the close of the U.S. stock market on August 9, Disney revealed its third-quarter financial results ending July 1. -
Russia's Central Bank Pauses Foreign Exchange Purchases, Bolstering the Ruble
On Wednesday, Russia's Central Bank announced in a statement that it will halt the purchase of foreign currency in the domestic market until the end of 2023, starting from August 10, in an effort to reduce financial market volatility. Decisions on resuming these foreign exchange purchases will be made based on the actual conditions of the financial markets. 
On Wednesday, Russia's Central Bank announced in a statement that it will halt the purchase of foreign currency in the domestic market until the end of 2023, starting from August 10, in an effort to reduce financial market volatility. Decisions on resuming these foreign exchange purchases will be made based on the actual conditions of the financial markets. -
Weight Loss Drugs Outpace Luxury Brands? Novo Nordisk Closes in on LVMH's Crown in Europe
Is Europe's top market cap spot about to change hands? 
Is Europe's top market cap spot about to change hands? -
SoftBank's Arm Gears Up for Possibly the Biggest Global IPO of the Year: U.S. Debut in September with a Valuation Surpassing $60 Billion
Arm moves one step closer to its anticipated listing. 
Arm moves one step closer to its anticipated listing.
