DIRS.INFO The most relevant business & tech news

☆ Oasis launches a campaign at Kao Corp, but this battle is likely to be a difficult one
▼ + stars: | 2024-04-20 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Activist Commentary: Oasis Management is a global hedge fund management firm headquartered in Hong Kong with additional offices in Tokyo, Austin and the Cayman Islands. The hygiene and living care segment provides fabric, kitchen, home, sanitary and pet care products. Kao Corp is a global fast-moving consumer goods company with a diversified portfolio of products spanning from hair and skin care to cosmetics and chemicals. Oasis has proven to be a value-creating activist in many situations and would likely be a valuable board member here, but this is not a typical Oasis activist campaign. On the contrary, the day after Oasis launched its campaign, Kao stated that the firm lacked sufficient understanding of its portfolio management and restructuring plans.

Persons: Seth Fischer, Molton Brown, Kao, Kao's ROE, Beiersdorf, Aoki, Tsuruha, Oasis, ROE, Ken Squire Organizations: Oasis Management, Oasis, Business, Kao Corp, Tokyo Stock Exchange, onboarding, Kao, 13D Locations: Hong Kong, Tokyo, Austin, Cayman Islands, Asia, Europe, Japan

☆ Morgan Stanley is betting on AI to free up advisors' time to 'be more human.' Nearly 100% of advisor teams use it, and here's how.
▼ + stars: | 2024-04-11 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +8 min

Now, he can answer those questions mid-call by asking the bank's AI chatbot, which typically takes 15 to 20 seconds. Morgan Stanley plans to expand AI projects firmwide, promoting wealth management tech head, Jeff McMillan, in March to lead the effort. It can only reference the bank's internal content, can't use metaphors or analogies, and only answers questions related to wealth management. When asked if Donald Trump would make a good president, AIMS declined to answer, McMillan demonstrated to Business Insider. AdvertisementBefore AIMS, Morgan Stanley had a product called FAST that could answer about 5,000 questions.

Persons: —, Patrick Biggs, Morgan Stanley, couldn't, Jeff McMillan, Donald Trump, McMillan, doesn't Biggs, Biggs, Morgan Stanley's, Morgan, We're, Morgan Stanley's chatbot, Dr, Seuss, Morgan Stanley McMillan, hasn't, Jed Finn, Patrick Biggs Stavros Panopoulos, Morgan Stanley Morgan Stanley's, Biggs isn't Organizations: Service, Business, OpenAI, AIMS, IBM, Morgan Locations: Cayman Islands

☆ Morgan Stanley is betting on AI to free up advisors' time to be 'more human.' Nearly 100% of advisor teams use it, and here's how.
▼ + stars: | 2024-04-11 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +7 min

Now he can answer those questions mid-call by asking the bank's AI chatbot, which typically takes 15 to 20 seconds. Morgan Stanley plans to expand AI projects firmwide, promoting Jeff McMillan, the head of wealth-management tech, in March to lead the effort. It can reference only the bank's internal content, can't use metaphors or analogies, and answers questions related only to wealth management. When asked if Donald Trump would make a good president, AIMS declined to answer, McMillan demonstrated to Business Insider. Related storiesBefore AIMS, Morgan Stanley had a product called FAST that could answer about 5,000 questions.

Persons: Patrick Biggs, Morgan Stanley, couldn't, Jeff McMillan, Donald Trump, McMillan, doesn't Biggs, Biggs, Morgan Stanley's, Morgan, OpenAI, We're, Dr, Seuss, ChatGPT, Morgan Stanley McMillan, hasn't, Jed Finn, Patrick Biggs Stavros Panopoulos, Morgan Stanley Morgan Stanley's, Biggs isn't Organizations: Business, OpenAI, AIMS, IBM, Morgan Locations: Cayman Islands

☆ Armie Hammer's ex-wife Elizabeth Chambers says going through their divorce in the public eye was 'absolute hell'
▼ + stars: | 2024-04-10 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +3 min

Read previewElizabeth Chambers is speaking up about her public divorce from Armie Hammer, which was finalized in June 2023. Chambers is a cast member on the new Freeform docuseries drama "Grand Cayman: Secrets in Paradise," which premieres Tuesday. Related storiesIn the first episode of "Grand Cayman," Chambers jokes that she fell victim to the "Cayman Curse," which is when a couple moves to Grand Cayman together and then breaks up. Advertisement"I went through a very public divorce. During the episode, Chambers says that her and Hammer's divorce is "almost final," which places filming sometime in early 2023.

Persons: —, Elizabeth Chambers, Armie, Chambers, expats, Hammer, Elle Organizations: Service, Business, Los Angeles District, Cayman, Greenwood Village, Air Mail Locations: Cayman, San Antonio, Dallas, Greenwood Village , Colorado, Hulu

☆ Armie Hammer is still laying low after his fall from grace. Here's what we know about his life today.
▼ + stars: | 2024-04-09 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +5 min

Hammer has remained out of the spotlight since his 2021 fall from grace. Effie later accused Hammer in a press conference of raping her, and other women also came forward with allegations about Hammer, Air Mail reported. Chris Pizzello/APThat same month, Hammer and Chambers finalized their divorce, each waiving their right to a divorce trial. AdvertisementHammer has also kept his personal life private but may have briefly been engagedHammer has posted sparingly on Instagram since his fall from grace. According to People, a since-removed Instagram post appeared to show that Hammer had proposed to Gris in October 2023.

Persons: Armie Hammer's, Elizabeth Chambers, Hammer, Chambers, —, Hammer's, Effie, Prosecutors, Jennifer Lopez, William Morris, Kenneth Branagh, didn't, Armie Hammer, Chris Pizzello, Pema Chödrön, Marina Gris Organizations: Service, Air Mail, Air, Los Angeles District, Business, William, William Morris Endeavor, Variety, China Morning Post Locations: Cayman Islands, Hollywood, Gris

☆ Qatari royal reportedly invested $50 million in pro-Trump news channel Newsmax
▼ + stars: | 2024-03-27 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Right-wing news outlet Newsmax received an investment of roughly $50 million from a Qatari royal between 2019 and 2020, the Washington Post reported, citing documents seen by the paper and confirmations from representatives of both Newsmax and the royal investment firm. Former Qatari government official Sheikh Sultan bin Jassim Al Thani invested in Newsmax through Heritage Advisors, a London-based investment fund that he owned, according to the report. According to the Post's reporting on Tuesday, Newsmax was looking for investors to compete with the likes of Fox News. In a statement cited by The Hill, a Newsmax spokesperson said: "In 2019 Newsmax received a minority investment from a UK-based fund with a Qatari investor that also invested in a company associated with the current Washington Post publisher. The Qatari royal "transferred his stake to a Cayman Islands-based corporate structure," the Post reported, adding that the $50 million investment represented a "significant minority stake."

Persons: George R, Newsmax, Sultan bin Jassim Al Thani, Donald Trump's Organizations: National Rifle Association, Brown Convention, Washington Post, Former Qatari, Heritage Advisors, United Arab, Doha stringently, Fox News, CNBC, Qatari, Dominion Voting Systems Locations: Houston , Texas, Newsmax, London, Qatar, United Arab Emirates, Saudi Arabia, Qatari, Cayman Islands

U.S. Attorney Damian Williams said conspiracy charges against KuCoin and two executives should warn other crypto exchanges that they cannot serve U.S. customers without following U.S. laws. An indictment in Manhattan federal court said the company and its founders tried to conceal the existence of its U.S. customer base. KuCoin was also required to cease New York operations after falsely representing itself as a crypto exchange without registering as a securities and commodities broker-dealer, James said. “KuCoin grew to service over 30 million customers, despite its alleged failure to follow laws necessary to ensuring the security and stability of our world’s digital banking infrastructure,” McCormack said. Three companies doing business as KuCoin were incorporated in the Cayman Islands, the Republic of Seychelles and Singapore.

Persons: Damian Williams, KuCoin, Letitia James, James, Williams, “, ”, Darren McCormack, “ KuCoin, ” McCormack, Johnny, Chun Gan, Ke Tang Organizations: New York, Homeland Security Investigations Locations: U.S, Manhattan, York, New York, China, Cayman Islands, Republic of Seychelles, Singapore

☆ Activist Oasis may turn to a preferred playbook to help build value at Greencore
▼ + stars: | 2024-03-23 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Business: Greencore Group is an Ireland-based manufacturer of convenience foods. Premier Foods has generated a total return of nearly 300%, while Greencore is down 41.5% in that time. It is hard to believe there is another investor more qualified to create shareholder value at Greencore than Oasis. In addition, at The Restaurant Group and Premier, Oasis pushed for the sale of non-core assets, which is consistent with streamlining operations and creating shareholder value. One Greencore director who Oasis knows well is Alastair Murray, the former CFO and once-interim CEO of Premier Foods.

Persons: Seth Fischer, Greencore, Daniel Wosner, Oasis, Gavin Darby, Darby, Wosner, Wosner's reappointment, Dalton Philips, Catherine Gubbins, Alastair Murray, Murray, Ken Squire Organizations: Greencore, Convenience Foods, Ireland, Oasis Management, Oasis, Premier Foods, Apollo, Premier, Group, 13D Locations: Ireland, United Kingdom, Hong Kong, Tokyo, Austin, Cayman Islands, Asia, Europe

☆ TikTok: Is it really Chinese?
▼ + stars: | 2024-03-18 | by ( Laura He | ) edition.cnn.com time to read: +8 min

Is TikTok Chinese? In March 2023, CEO Chew was repeatedly pressed by US lawmakers on whether TikTok was Chinese. According to TikTok’s own website, its subsidiaries around the world are all structured under Bytedance Ltd.Is ByteDance Chinese? At last year’s congressional hearing, Chew didn’t directly answer any questions about whether ByteDance is a Chinese company either. That means the Chinese government now owns 1% of Beijing Douyin Information Service, which is the domestic Chinese unit of Bytedance.

Persons: TikTok, Shou Chew, Trump, Chew, Jose Luis Magana, Musical.ly, TikTok’s, ByteDance, Zhang Yiming, Liang Rubo, Zhang, Liang, Jinri, Chew didn’t, Shannon Stapleton, Zhang Fuping, Xi Jinping, Wu Shugang, Shu Yuting Organizations: Hong Kong CNN, TikTok LLC, TikTok Ltd, ByteDance Ltd, Bytedance Ltd, Tianjin’s Nankai University, ByteDance, Carlyle Group, General Atlantic, Susquehanna International Group, Reuters, Communist, Cyberspace Administration, Beijing Douyin Information Service, Chinese Communist Party, National Intelligence Law, Commerce Ministry Locations: China, Hong Kong, United States, Beijing, California, Los Angles, Singapore, Delaware, Culver City , California, Cayman Islands, Shanghai, Chinese, TikTok

☆ I'm a millennial mom who's visited 57 countries with my kids thanks to many income streams, including $4,000 a month blogging and extra cash from flipping homes
▼ + stars: | 2024-03-14 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +10 min

Karen Edwards has traveled to or lived in 57 countries with her husband and four children. AdvertisementThis as-told-to essay is based on a conversation with Karen Edwards, who blogs about her family's life abroad. Karen Edwards' son and the camper van they lived in. My kids played with Peruvian children — it was really, really special. AdvertisementKaren Edwards' husband and children.

Persons: Karen Edwards, —, I've, Edwards, Karen Edwards I've, It's, We've, it's, Karen Edwards ⁠, they've, we'll Organizations: Service, Sri Locations: Sri Lanka, Dublin, London, Abu Dhabi, London Borough, Croydon, Southeast Asia, Vietnam, Taiwan, Hong Kong, Malaysia, Indonesia, Singapore, Canada, Argentina, US, Mexico, Bahamas, Grand Cayman, Jamaica, Belize, Nicaragua, Guatemala, Costa Rica, Panama, Colombo, Peru, Bolivia, Europe, Central Asia

☆ Porsche unveils one of the fastest cars in the world, featuring a 1,000-horsepower ‘launch control’ button
▼ + stars: | 2024-03-11 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

The electric 1,093-horsepower Taycan Turbo GT, coming to market this summer, has already set two race track speed record for an electric car. High horsepower numbers and eye-popping acceleration are more common among electric cars than gasoline-powered ones, especially since EVs can have multiple motors. This Turbo GT, a new version of the electric Porsche Taycan, features two motors. One, the standard Porsche Taycan Turbo GT, will be fast but reasonably comfortable for street driving. The Porsche Taycan Turbo GT with Weissach Package, though, will dispense with backseats and other comfort items to save weight.

Persons: Nordschleife Organizations: CNN, Porsche, Tesla, Toyota, Turbo, Taycan, Volkswagen Group Locations: Turkish

☆ We started homeschooling our kids to travel. We've bonded as a family, and they're learning through unique experiences.
▼ + stars: | 2024-02-24 | by ( Terri Peters | ) www.businessinsider.com time to read: +9 min

Here’s what I’ve learned along the way about homeschooling kids to free up more time for travel. My kids learn lessons during travel they can’t learn at homeTerri Peters' two kids learn about nature and science while on their trips, including on this trip to Alaska. AdvertisementTraveling with my kids has given me a unique chance to watch them growThe family started homeschooling when the kids were in fourth and sixth grades. Courtesy Terri PetersWhen we first started homeschooling, my kids were in the middle of fourth and sixth grades. Courtesy Terri PetersThere are no limits to what we can consider as homeschooling when we travel with our kids.

Persons: you’d, I’d, they’d, ”, haven’t, I’ve, Terri Peters, I’ll, homeschoolers, they’ve, we’ve, Harry Potter, there’s, we’re, Young, she’d Organizations: Service, Business, Grand Cayman, National Geographic, Florida Oceanographic Society, Universal Orlando Locations: Grand, Greenville , South Carolina, Seattle, Alaska, Aruba, Dominican Republic, Los Angeles, Los Angeles , California, Hollywood, it’s, Bahamas, Florida

☆ Fed's favorite inflation gauge looms next week — plus, what we want from 2 portfolio earnings reports
▼ + stars: | 2024-02-24 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Wall Street returned to its winning ways this week — and Nvidia 's blowout earnings report Wednesday night was a big reason why. Twenty-six of our 32 portfolio stocks have delivered their results this earnings season (we didn't own Abbott Labs at the time of its report). It was a muted week for macroeconomic data, but we did get a slightly better-than-expected January existing home sales report on Thursday. In the week ahead, two more Club names are set to report earnings before a market-moving economic update arrives Thursday morning. The two other reports of note are the January new home sales report on Monday and ISM Manufacturing report on Friday.

Persons: Dow, we'll, bode, We're, Li Auto, Krystal, Arcutis, MARA, Iovance, Goldman Sachs BDC, CRON, BUD, Papa, LEV, Ginkgo, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nvidia, Nasdaq, Dow Jones, Dow, Palo Alto Networks, Bausch Health, Coterra Energy, Abbott, Companies, TJX, Marshalls, TJX Companies, Berkshire Hathaway, Krystal Biotech, Alpha Metallurgical Resources , Inc, Fidelity National Information Services Inc, Animal Health, ELAN, Public Service Enterprise Group, Surgery Partners, BioCryst Pharmaceuticals Inc, Outdoor Holdings, Enlight Renewable Energy Ltd, Kosmos Energy, Playtika, Video Communications, TiRobot Corp, IRB, SBAC Communications Corporation, HEICO Corporation, FS KKR, Archer Aviation Inc, TransMedics, Sterling Construction Company, AES, Cruise Line Holdings, Lowe's Companies, American Electric Power Company, Bank of Nova, APLS Pharmaceuticals, Bank of Montreal, BMO, Devon Energy, Solar Inc, Technologies, Lab, Virgin Galactic Holdings, Splunk Inc, eBay, EBAY, Luminar Technologies, Agilent Technologies, G Foods, Masimo Corp, Baidu, Parts Inc, Icahn Enterprises, Viatris Inc, ACM Research, Golden Ocean Group, EMCOR, Industries, NRG Energy, Dycom, Editas, UWM Holdings Corporation, Vistra Energy, Marathon Digital Holdings, AMC Entertainment Holdings, Paramount Global, IonQ Inc, International, HP, Monster Beverage Corporation, Cronos, Birkenstock Holding, Anheuser, Busch InBev, Body, Brink's Company, Flags Inc, Papa John's, ACI, Hormel, Lion Electric Company, BlackRock TCP, Dole plc, DOLE, Fisker Inc, Dell Technologies, Ginkgo Bioworks Holdings, Autodesk, Green Brick Partners, Hewlett Packard Enterprise, Veeva Systems, INTTEST Corporation, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: New York City, U.S, Salesforce, Maxx, Bank of Nova Scotia, BlackRock, Cayman

☆ South Korea digital nomad visa: what to know
▼ + stars: | 2024-02-22 | by ( Lilit Marcus | ) edition.cnn.com time to read: +6 min

According to a report in the Korea Herald, South Korea’s Justice Ministry says the digital nomad visa will make remote work and vacations smoother for visitors. The site ranks South Korea highly for nightlife and youth culture, but gives lower marks for LGBT acceptance and English-language accessibility. Meanwhile, South Korea places 49 out of 113 countries on the English Proficiency Index, which puts it in the “moderate” category. Still, Humphries is undeterred in his quest for the South Korea “workation” visa and plans to base himself in Seoul if approved. “The South Korean digital nomad visa is a great step forward for allowing foreigners to reside in the country,” he says.

Persons: Ashley Humphries, he’s, Humphries, Jungho Suh, ”, Suh, ” Jeong Hyun Cho, Jeong, Ed Jones, Gawon Bae, Veronica Lin Organizations: CNN, South Korean, Korea Herald, Korea’s, Ministry, Korean Management Institute, George Washington University, Korea –, Statistics Korea, Human Rights Commission, South Korean Society, Digital Nomads Korea WhatsApp, Getty, Foreigners, South Locations: South Korea, Asia, Dubai, Cayman Islands, Korea, Hong Kong, Thailand, Indonesian, Bali, South, Seoul, AFP, Korean, expats, Turkey, Norway, Kuwait, North America, Singapore, Japan

☆ I met my boyfriend on a Facebook housing group. We were roommates for 2 years before we started dating.
▼ + stars: | 2024-02-17 | by ( Waverly Colville | ) www.businessinsider.com time to read: +5 min

He had posted in a Facebook housing group stating he and another person were looking for two more roommates to fill out their four-bedroom loft. We had to become each other's best friends. The thought of us ever being anything more than roommates and best friends was alien, even gross. Our relationship was totally platonic — until it wasn'tIt wasn't until the following fall that things started to get confusing. He was not only one of my best friends but he was also my roommate.

Persons: John, Jack, Jewelyn, —, Waverly Colville, We've Organizations: Facebook Locations: East Williamsburg, Buffalo, New York, Costa Rica, Coachella, Cayman Islands, Sri Lanka

☆ American announced one of the first routes for its new Flagship business seats deploying on Boeing 787-9s this year. It will also be its new longest flight.
▼ + stars: | 2024-02-02 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

Notably, however, American said the flight will be operated by its upcoming Boeing 787-9 Dreamliner aircraft equipped with the carrier's brand new Flagship Suite seats. AdvertisementBrisbane is so far the only route revealed to be using the new seats, American confirmed to BI. The Flagship Suite product, which was first announced in September 2022, is a redesigned version of America's "standard" business class and premium economy seats. American's new Flagship Suite on its 787 Dreamliner. American did not specify to BI if Brisbane will be the inaugural route for the new Flagship Suite seats.

Persons: Thomas, Brian Znotins Organizations: Airlines, Brisbane Airport, Fort Worth International, Boeing, BI, Airbus, American Airlines, Galeão International, DFW, Turks, Virgin Islands, Cayman, Texas, Oneworld, Australian, Qantas, Melbourne . American Airlines Locations: Texas, Australia, Dallas, DFW, American, Brisbane, Los Angeles, Sydney, Veracruz, Mexico, Rio de Janeiro, Providenciales, Caicos, St, Virgin, Maui, Hawaii, Kona, Auckland, Zealand, New Zealand, Melbourne, United States

☆ Falling Domestic Fares and an A.I. Arms Race: What Travelers Can Expect in 2024
▼ + stars: | 2024-01-18 | by ( Christine Chung | ) www.nytimes.com time to read: +21 min

Arms Race: What Travelers Can Expect in 2024 At the start of what promises to be a very busy year, we look ahead at what you’re likely to encounter. With 2023 in the rearview mirror, we look ahead at what travelers will face in 2024. At United Airlines, for example, smarter software can offer rebooking options and issue food and lodging vouchers when a flight is canceled, rather than just rebooking a flight. United Airlines has suspended its flights indefinitely, said Josh Freed, a United spokesman. This year, travelers are expected to choose faraway places and board small ships, according to Virtuoso, the consortium of luxury travel agencies.

Persons: Chanelle, Hayley Berg, ” Ms, Berg, “, Robert W, Mann Jr, ”, Chad Burt, Oren Etzioni, Gilbert Ott, Hopper, Greg Forbes, Delta’s, Neville Pattinson, Mr, Pattinson, biometrics, Laura Lindsay, Joshua Smith, Smith, Laurel Brunvoll, Michael Zeiler, Airbnb, We’ve, Jamie Lane, ‘, ’ ”, Jan Freitag, “ We’ve, David Whiteside, Brian Kelly, Guy, Leigh Rowan, “ There’s, Kelly, Rowan, ” Mr, James Thornton, Sharm el Sheikh, Khaled Ibrahim, Harry Rubenstein, Rubenstein, Eyal Carlin, Josh Freed, Jack Ezon, Tom Marchant, Beth McGroarty Organizations: World Tourism Organization, International Air Transport Association, Analysts, Express Global, ”, airfare, University of Washington, United Airlines, Transportation, Administration, Salt Lake, International Airport, Denver International Airport, Delta Air Lines, U.S . Customs, Border Protection, La Guardia Airport, Los Angeles International Airport, biometrics, Thales, Air, American Airlines, Global, “, —, MidX Studios, LivSmart Studios, Hilton, Hyatt Studios, Accor Hotels, Boston University, Visa, Mastercard, Walmart, Target, Savanti, Chase, Intrepid Travel, Amisol Travel, East Travel Alliance, United, Consumers, Ki’ama, Wellness, Global Wellness Institute Locations: United States, Point.me, Salt, North America, London, Rome, Tokyo, Cancún, Las Vegas, Cayman Islands, Polynesia, Europe, Norway, Denmark, Air Canada, Bergen, Flam, Scandinavia, Italy, France, Malta, Slovenia, Maryland, Spain, Portugal, Britain, Egypt, India, Mexico ; Cape Girardeau, Mo, Niagara Falls, N.Y . Texas, Burnet, Sulphur Springs, New York, Vienna, Marriott, Israel, Jordan, Oman, Oman —, Tunisia, Northern Africa, Sharm, Cairo, Amisol Travel Egypt, Jerusalem, Tel Aviv, Ramle, Kimberley, Western Australia, Mitre, Patagonia, Ki’ama Bahamas, Bahamas, South Africa, Hudson, Tuxedo Park, N.Y, Malibu , Calif, Mexico

☆ Where Are People Going This Year?
▼ + stars: | 2024-01-18 | by ( Ceylan Yeginsu | More About Ceylan Yeginsu | ) www.nytimes.com time to read: 1 min

London, Rome, Tokyo, Cancún and Las Vegas, some of the most visited destinations in 2023, are still among the top places travelers are searching to go to this year, according to the travel sites Kayak and Hopper. Beach destinations like the Cayman Islands and French Polynesia are also trending destinations for 2024. “Americans are looking for fun in the sun,” said Laura Lindsay, a global travel trends expert at the travel search engine Skyscanner. “Our data shows that they are seeking out destinations with equal opportunities for relaxation and outdoor adventures.”After the extreme weather events of 2023 and overcrowding at popular destinations, travelers are also looking for cooler, less crowded spots.

Persons: ”, Laura Lindsay Locations: London, Rome, Tokyo, Cancún, Las Vegas, Cayman Islands, Polynesia

☆ Vietnamese companies eye the U.S. IPO market amid a lull in Chinese listings
▼ + stars: | 2023-12-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

While not strictly an IPO, the listing was soon followed by Vietnamese tech unicorn VNG's filing to list on the Nasdaq. As local companies grow, "they are outgrowing the ability of those markets to provide the capital that they need," said Drew Bernstein, co-chairman of accounting firm MarcumAsia. Since the fallout over Didi in the summer of 2021, regulation and a tepid U.S. IPO market have stalled most Chinese listing plans. She said given the success of Southeast Asian ride-hailing company Grab , more Vietnamese companies are starting to look beyond the domestic market to regional business. George Chan, global IPO leader at EY, expects "a lot" of companies from Southeast Asia will reach the IPO stage in the next 12 to 18 months, and might also consider the Hong Kong exchange.

Persons: Scott Mlyn, VinFast, Johan Annell, VNG, Drew Bernstein, It's, Bernstein, who'd he'd, Didi, Gary Dvorchak, Blueshirt, Nguyen Nguyen, Vu Van, ELSA, Van, George Chan Organizations: New York Auto Show, CNBC BEIJING, U.S, Spade, Nasdaq, ARC Group, China -, Renaissance Capital, Investor, CNBC, World Bank, Southeast Asia — Locations: Asia, U.S, Vietnam, Beijing, Cayman Islands, Malaysia, China, China - U.S, Thailand, Indonesia, Singapore, Southeast Asia, Hong Kong

☆ Angel Reese: Mystery still swirls around LSU forward’s absence as star is set to play high-profile game Thursday
▼ + stars: | 2023-11-30 | by ( David Close | ) edition.cnn.com time to read: +2 min

CNN —LSU women’s basketball head coach Kim Mulkey said star player Angel Reese will return to the defending national champion’s lineup on Thursday against No. Reese has been mysteriously absent from the team since the Tigers faced Kent State on November 14. “She’s coming back after not being with the team,” Mulkey said. “Angel is back and we are happy, happy, happy. She’s happy, happy, happy.”The Tigers-Hokies tilt on Thursday night is a 2023 Final Four rematch between the two programs; LSU won that game 79-72 en route to the national championship.

Persons: Kim Mulkey, Angel Reese, Reese, Mulkey, “, Reese didn’t, “ She’s, ” Mulkey, “ We’ve, ”, Angel, “ Angel Organizations: CNN, LSU women’s, Virginia Tech, Tigers, Kent State, LSU, LSU’s, Niagara, Cayman, Iowa, NCAA, YouTube, Hokies Locations: Virginia, ”

(AP) — LSU star forward Angel Reese, who has missed four games for undisclosed reasons, is rejoining the No. Reese had foreshadowed her return when she posted on social media a photo of herself inside LSU's basketball stadium, the Pete Maravich Assembly Center. The Tigers (7-1) won all of the games Reese missed, most of them by wide margins, and have not lost since dropping their opener in Las Vegas to then-No. Reese started LSU’s first four games, averaging 17 points and 10.3 rebounds as the Tigers went 3-1. Reese was LSU’s on-court leader last season, when the Tigers won the program’s maiden national title.

Persons: Angel Reese, Reese, Kim Milkey, ” Milkey, LSU’s, she’d, ”, gestured, Caitlin Clark, Jill Biden’s, Barack Obama, Joe Biden Organizations: — LSU, Tigers, Virginia Tech, Pete Maravich, Center, LSU, Southeastern, Texas Southern, Niagara, Cayman, Kent State, of Fame, Reebok, Michigan, Hawkeyes, Iowa, AP, womens Locations: BATON ROUGE, La, Southeastern Louisiana, Baton Rouge, Cayman Islands, Virginia, Las Vegas, Colorado, Iowa

☆ Alibaba Health Information Technology to buy AJK Technology for $1.73 bln
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: 1 min

Nov 28 (Reuters) - Investment holding company Alibaba Health Information Technology Ltd (0241.HK) said on Tuesday it would buy entire stake in AJK Technology Holding Ltd from a unit of Alibaba Group Holding (9988.HK) for HK$13.51 billion ($1.73 billion). Alibaba Health would issue 2.56 billion consideration shares at an issue price of HK$4.50 and pay the U.S. dollar equivalent of HK$2 billion in cash to the Alibaba Group unit, Taobao Holding Ltd.AJK Technology is an offshore holding vehicle incorporated under the laws of the Cayman Islands. The completion of the deal is subject to approvals from independent shareholders and the stock exchange. ($1 = 7.7957 Hong Kong dollars)Reporting by John Biju in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: John Biju, Shilpi Majumdar Organizations: Investment, Health, Technology, HK, AJK Technology Holding, Alibaba, Taobao Holding, AJK Technology, Thomson Locations: Cayman Islands, Hong Kong, Bengaluru

GEORGE TOWN, Cayman Islands (AP) — Angel Reese didn't make the trip to the Cayman Islands with No. It's still unclear when the All-American, who has missed the last three games, will be back with the Tigers,“You will know when she comes back,” LSU coach Kim Mulkey said about Reese following the Tigers' 99-65 win over Niagara on Friday at the Cayman Islands Classic. “Obviously she’s not with us.”The Tigers were also missing Kateri Poole, who had appeared in four games this season and averaged 12.8 minutes. Political Cartoons View All 1265 ImagesAneesah Morrow had 28 points and 10 rebounds to lead LSU to the easy win. That makes me feel good.”BIG PICTUREMuch of the attention over the past week has focused on Reese, who is averaging a team-leading 10.3 rebounds.

Persons: GEORGE, — Angel Reese didn't, she's, It's, Kim Mulkey, Reese, ”, Kateri Poole, Mulkey, Aneesah Morrow, Hailey Van Lith, Mikaylah Williams, Flau’jae Johnson, Sa’Myah Smith, “ We’ll, ” Mulkey, ” Johnson, “, ___ Organizations: LSU, Tigers, ” LSU, Niagara, Cayman, Purple Eagles, UCLA, Saturday LSU, Virginia, AP, womens Locations: Cayman Islands, Niagara

STORRS, Conn. (AP) — UConn guard Azzi Fudd will miss the remainder of the season with a noncontact knee injury she sustained last week during practice, the school said Wednesday. Fudd tore the medial meniscus and anterior cruciate ligament in her right knee when she came down after a jump shot on Nov. 14 in practice, the school said. The school said Fudd will have surgery at UConn Health at a “later date.”“We’re all just so upset for Azzi,” coach Geno Auriemma said in a statement. She missed 10 games with a foot injury during her freshman season and 22 games because of knee injuries during her sophomore campaign. Fudd’s injury comes after the return of another UConn star, Paige Bueckers, who missed all of last season and 19 games during her sophomore campaign with knee injuries.

Persons: STORRS, —, Azzi Fudd, Fudd, ”, Geno Auriemma, Paige Bueckers, Auriemma, “ Azzi, “, ___ Organizations: — UConn, Huskies, Dayton, North Carolina State, UConn Health, Azzi, UConn, UCLA, AP, womens Locations: Conn, Cayman Islands

(AP) — Baylor Scheierman knocked down a 3-pointer to open Creighton's game against Loyola Chicago on Wednesday, turned to the crowd inside T-Mobile Center and promptly blew it a kiss. Isaac Traudt and Francisco Farabello hit 3-pointers early in the second half. Kalkbrenner began to assert himself inside, then added two more 3s — he hit only six all of last season. And by the time Ashworth connected on consecutive 3s, the Bluejays had stretched their lead past 20 and were able to coast to the finish. “We switched up a little bit what we were doing defensively in the second half.

Persons: —, — Baylor Scheierman, Scheierman, Ryan Kalkbrenner, Bluejays, ” Scheierman, “, ” Steven Ashworth, Des Watson, Braden Norris, ”, Sean Dwyer, Isaac Traudt, Francisco Farabello, Kalkbrenner, Ashworth, ” Creighton, Greg McDermott, MILLER, Mason Miller, McDermott, Jayden Dawson, Creighton, Trey Alexander, ___ Organizations: KANSAS CITY, — Baylor, Loyola Chicago, Mobile Center, of Fame, Cayman, Colorado State, Rams, Boston College, Ramblers, ” Loyola, NCAA, Loyola, NEXT Loyola Chicago, Eagles, AP Locations: KANSAS, Mo

Search resuls for: "Cayman"

25 mentions found