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 ...
TOKYO (Reuters) -JERA, Japan’s biggest power generator, said annual net profit halved, hurt in part by a weaker performance from its overseas power generation and renewable energy business.Net income for the year ended March came in at 184 billion yen ($1.3 billion) but it expects profit to rebound in the current year to 230 billion yen.JERA, a joint venture between Tokyo Electric Power and Chub ...
Investing.com-- Nvidia shares fell in after-hours trading on Sunday evening, Robinhood data showed, following a report that China’s Huawei was testing an advanced artificial intelligence processor aimed at rivaling some of Nvidia’s products.NVIDIA Corporation (NASDAQ:NVDA) fell as much as 1.8% to $109.06, before recovering to $109.48 by 22:34 ET (02:34 GMT), Robinhood (NASDAQ:HOOD) data s ...
Investing.com-- Asian stock markets were mixed on Monday, as Japanese shares rose, boosted by Toyota’s surge on a potential buyout of its supplier, while Chinese stocks were subdued amid ongoing uncertainties surrounding U.S.-China trade talks.Major U.S stock indexes closed higher on Friday, leading to weekly gains. However, futures tied to these benchmark indexes were lower in Asian trading on ...