Singapore-based blank-check company, Vertex Technology Acquisition, has announced plans to acquire the Taiwan-based social-entertainment platform, 17LIVE, for up to 925.1 million Singapore dollars ($677.2 million). If successful, this will mark the first acquisition of its kind in Singapore. The merger between Vertex Technology Acquisition and 17LIVE will create the first … [Read more...] about Singapore Blank-Check Company to Acquire Taiwan Social-Entertainment Platform
Microsoft Corp. Shares Experience 1.92% Increase
Microsoft Corp. (MSFT) saw its shares rise by 1.92% on Monday, reaching $321.80. This gain took place amidst a mixed trading session for the stock market. Overall Market Performance During the trading session, the S&P 500 Index (SPX) experienced a slight increase of 0.01%, reaching 4,288.39. However, the Dow Jones Industrial Average (DJIA) had a decrease of 0.22%, closing … [Read more...] about Microsoft Corp. Shares Experience 1.92% Increase
Boohoo Group Lowers Revenue Targets for Fiscal 2024
Boohoo Group, the London-listed online fashion retailer, announced that it has downgraded its fiscal 2024 revenue targets due to a slower recovery in sales volume than originally anticipated. As a result, the company expects its revenue for the year ending February 28 to decline by 12% to 17%, a significant deviation from their previous guidance of flat growth or a slight … [Read more...] about Boohoo Group Lowers Revenue Targets for Fiscal 2024
WeWork Faces Financial Challenge as Shares Plummet
WeWork, the New York-based co-working company, experienced a steep decline in its shares by 23% to $2.28 following a recent decision to withhold interest payments due Monday. Struggling to restructure its business, WeWork is facing a precarious financial situation. Declining Stock Performance WeWork's shares have dropped a staggering 96% this year, relentlessly plummeting … [Read more...] about WeWork Faces Financial Challenge as Shares Plummet
New Zealand’s Central Bank Holds Interest Rates Steady Ahead of Election
The Reserve Bank of New Zealand (RBNZ) has decided to keep the official cash rate at 5.50%, aligning with economists' expectations. With a national election approaching this month, concerns over cost-of-living pressures and economic management are at the forefront of voters' minds. Despite maintaining a hawkish bias, the RBNZ is actively evaluating whether their actions thus … [Read more...] about New Zealand’s Central Bank Holds Interest Rates Steady Ahead of Election
