Author: Will Smith

Due to data security fears, Chinese authorities have inquired top leaders at Didi Global Inc (DIDI.N) to come up with a plan to de-list from the New York Stock Exchange. According to folks familiar with the issue, Chinese authorities have asked Didi Global Inc.’s leading executives to come up with a plan to disband from…

Barclays (LON:BARC) raised its oil price forecasts for 2022 on Tuesday, noting a faster-than-expected inventory decline and a conservative supply reaction as justifications. The bank boosted its Brent and West Texas Intermediate (WTI) average price forecasts for 2022 by $3 to $80 and 77 per barrel, respectively. Brent Crude prices are expected to average $80…

On Wednesday, Toshiba Corp’s second-largest shareholder opposed the Japanese company’s decision to break itself into three businesses, instead urging it to seek offers from potential purchasers. In a three-page letter to Toshiba’s board, investment fund 3D Investment Partners, which controls more than 7% of the business, laid out its reservations, becoming the first large shareholder…

C.P. Group and Telenor Group have agreed to examine the formation of a new telecom-tech business that includes True and DTAC. With the assistance of its important sponsoring shareholders, the new firm will be a merger of equals, bringing the best of the two local companies together. Telenor (TEL.OL) of Norway and Charoen Pokphand Group…

Barclays (BARC.L) said on Monday that CEO Jes Staley will step down following British authorities’ probes into his contacts with convicted sex offender Jeffrey Epstein. It stated that C.S. Venkatakrishnan (known as Venkat), the company’s head of worldwide markets, will take over as CEO with immediate effect, subject to regulatory approval. The preliminary findings of…