By Helen Coster (Reuters) – Walt Disney Co <DIS.N> is temporarily closing its Hong Kong Disneyland theme park from July 15 amid rising coronavirus cases in the Chinese-ruled city, the company said Monday. The announcement came...
READ MORE
Britain set to ban Huawei from 5G, though timescale unclear
By Paul Sandle and Guy Faulconbridge LONDON (Reuters) – Prime Minister Boris Johnson is set to ban Huawei from Britain’s 5G network in a landmark decision that will anger Beijing but win plaudits from President Donald Trump as...
READ MORE
Ackman’s blank check company raises IPO target to $4 billion
By C Nivedita (Reuters) – Pershing Square Tontine Holdings Ltd, the blank check company backed by billionaire investor Bill Ackman, has increased the size of its initial public offering by $1 billion to $4 billion, the largest ever...
READ MORE
NY Fed’s Williams says timeline for ending Libor is unchanged by pandemic
By Jonnelle Marte (Reuters) – The global pandemic that roiled markets in the spring and disrupted daily life across the world is not delaying financial regulators’ plans to ditch Libor, an interest rate benchmark that was...
READ MORE
Accused Ghosn escape plotters too much flight risk for bail: U.S. judge
(This June 7 story, refiles to correct date in final paragraph to July 28) By Nate Raymond BOSTON (Reuters) – A U.S. judge said on Friday two Massachusetts men pose too great of a risk of flight to be released on bail given...
READ MORE
Alibaba’s Jack Ma sells $8.2 billion worth shares, stake dips to 4.8%: filing
SHANGHAI (Reuters) – Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.2%, cashing out around $8.2 billion at its current share price, the firm’s annual filing...
READ MORE