Alibaba Group Chairman, Joe Tsai joins CNBC’s David Faber on stage to discuss the strategy behind the company’s wide-ranging portfolio at the Converge Live event in Singapore.
Alibaba’s Joe Tsai on investing in sports, the future of AI and the Chinese economy
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Hong Kong passes stablecoin bill as more governments recognize the digital asset
The Tether (USDT) stablecoin logo. Costfoto | Nurphoto | Getty Images Hong Kong passed a stablecoin bill on Wednesday to expand its cryptocurrency licensing regime as more governments recognize the digital asset. Unlike volatile digital assets like bitcoin, the value of stablecoins is tied to a real-world asset like fiat currencies or commodities like gold. […]
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Investors dump bonds globally as U.S. credit downgrade, Trump’s tax bill ignite fiscal worries
The Marriner S. Eccles Federal Reserve building in Washington, D.C. Stefani Reynolds | Bloomberg Creative Photos | Getty Images A sell-off in global bonds is accelerating as Moody’s downgrade of U.S. credit rating and President Donald Trump’s tax bill has brought to fore investors’ fiscal concerns globally. Events such as credit rating downgrades or budgets […]
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EasyJet shares fall 1.8% after first-half loss widens
Banco BPM says regulation decision to suspend UniCredit takeover bid is ‘abnormal’ Italy’s Banco BPM has criticized as “abnormal” a late-Wednesday decision by Italian market regulator Consob to suspend for 30 days a takeover bid for the bank launched by domestic rival UniCredit. Banco BPM had rejected the $10.5 billion purchase offer in November, while […]
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