New York exit: Didi bows to regulatory pressure for U.S. delisting

New York exit: Didi bows to regulatory pressure for U.S. delisting

HONG KONG, Dec 3 (Reuters) – Just five months after its debut, ride-hailing giant Didi Global (DIDI.N) said it plans to withdraw from the New York stock exchange and pursue a Hong Kong listing, a stunning volte-face as it bends to Chinese regulators angered by its U.S. IPO.Its shares plunged 9% in premarket trading, after … Read more

China asks Didi to delist from U.S. on data security fears – Bloomberg News

China asks Didi to delist from U.S. on data security fears - Bloomberg News

SHANGHAI, Nov 26 (Reuters) – Chinese regulators have asked top executives of ride hailing giant Didi Global Inc (DIDI.N) to devise a plan to delist from the New York Stock Exchange due to concerns about data security, Bloomberg News reported.China’s tech watchdog wants the management to take the company off the U.S. bourse on worries … Read more

India’s Paytm crashes in market debut, business model questioned

India's Paytm crashes in market debut, business model questioned

MUMBAI, Nov 18 (Reuters) – Indian digital payments firm Paytm (PAYT.NS) tumbled 25% on its maiden day of trade, with investors questioning its lack of profits and the lofty valuations it gained in the country’s largest-ever IPO.While there had been some expectations that Paytm’s market debut could underwhelm, the steep plunge on Thursday was astonishing.Shares … Read more

Amazon to stop accepting Visa’s UK-issued credit cards over high fees

Amazon to stop accepting Visa's UK-issued credit cards over high fees

A visa credit card is held in front of an Amazon logo in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/IllustrationNov 17 (Reuters) – Amazon.com Inc (AMZN.O) said on Wednesday it would stop accepting Visa Inc (V.N) credit cards issued in the United Kingdom from next year due to the high fees charged by … Read more

Juggernauts grab spotlight from jumbos at Dubai Airshow

Juggernauts grab spotlight from jumbos at Dubai Airshow

An Airbus A350 model is displayed at the Airbus pavilion during the Dubai Air Show in Dubai, United Arab Emirates, November 14, 2021. REUTERS/Rula RouhanaDUBAI, Nov 14 (Reuters) – The nuts and bolts of post-pandemic trade loomed over the first major aerospace event since the coronavirus crisis on Sunday, as planemakers touted new freighters plans … Read more

Biden, top team to crisscross U.S. in victory tour for $1 trillion infrastructure bill

Biden, top team to crisscross U.S. in victory tour for $1 trillion infrastructure bill

WASHINGTON, Nov 8 (Reuters) – President Joe Biden and top officials in his Cabinet are hitting the road to promote the $1 trillion infrastructure bill passed in Congress last week, as they explain when and where Americans can expect to see some of the funds in their own communities.White House aides are planning a bipartisan … Read more