HONG KONG (Reuters) - China’s Ant Group is buying a controlling stake in Hong Kong-based brokerage Bright Smart Securities & Commodities Group for about $362 million, marking the fintech firm’s first acquisition of a securities brokerage licence.Ant Group agreed to buy a 50.55% stake in Bright Smart for HK$2.81 billion ($362.26 million), the firms said in a joint statement.Bright Smart cha ...
Investing.com -- Concerns about government IT procurement changes tied to the Department of Government Efficiency (DOGE) are casting a shadow over U.S. application software companies, particularly those with significant exposure to federal contracts, according to Citi.In a note previewing first-quarter earnings for Appian (NASDAQ:APPN) and Pegasystems (NASDAQ:PEGA), Citi analysts pointed to â ...
CHIBA, Japan (Reuters) -Nintendo fans were given a chance to try out the company’s new Switch 2 gaming device at an event near Tokyo on Saturday, ahead of a release that some worry could be overshadowed by tariffs driving up prices."Since Mr. Trump became president tariffs have gone up tariffs so I am concerned about a price hike not just for the game console but for accessories too," said Hiden ...
Investing.com -- Bernstein analysts in a recent note examined whether Walmart (NYSE:WMT) can close the gap with Amazon (NASDAQ:AMZN) in e-commerce. The brokerage presents a side-by-side comparison of both companies, focusing on growth, profitability, category exposure, and valuation.Walmart’s U.S. e-commerce business has been growing at over 20% annually and is expected to maintain a double ...