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HONG KONG, Oct 6 (Reuters Breakingviews) - It’s getting harder for China Inc to go global, and tougher for global financial advisors to take on the rapidly shrinking pool of related mandates. Belgium’s intelligence service VSSE said on Thursday that it is trying to “detect and fight against possible spying and/or interference activities carried out by Chinese entities including Alibaba”. Fellow courier SF Holding is also preparing a Hong Kong listing to raise as much as $3 billion to support, among other things, ambitious expansion beyond Asia. Alibaba signed an agreement with the Belgium government in 2018 to open an e-commerce trade hub, run by its logistics arm Cainiao Smart Logistics Network. The Chinese e-commerce giant last month filed to list Cainiao on the Hong Kong stock exchange.
Persons: VSSE, Cainiao, won’t, Alibaba, Una Galani, Thomas Shum Organizations: Reuters, China Inc, HK, Belgian, Justice, Citigroup, JPMorgan, Hong, European, Liege Airport, Smart Logistics Network, Alibaba’s, Thomson Locations: HONG KONG, China, Hong Kong, Liege, Belgian, Asia, Belgium, United States, European, Alibaba’s New York
Asia’s breakup party is happening under duress
  + stars: | 2023-10-04 | by ( Pranav Kiran | ) www.reuters.com   time to read: +4 min
As with other big breakups in the region however, there are unspoken reasons for him to join the party. Vedanta Resources is in talks with bondholders to extend the maturity by roughly three years on about $3.2 billion of debt due in 2024 and 2025. But even then, Vedanta Resources may still have a funding gap until 2027 under certain conditions, according to JPMorgan. Even if those were sold for as much as $1.5 billion, JPMorgan estimates Vedanta Resources will at most receive only $350 million in net proceeds. For every one share in Vedanta, shareholders will receive one additional share of each of the five new companies.
Persons: Anil Agarwal, Ajay Agarwal, Vedanta, Mukesh Ambani, Una Galani, Katrina Hamlin Organizations: Reuters, Vedanta, Vedanta Resources, London Stock Exchange, JPMorgan, Hindustan, HK, Reliance Industries, Thomson Locations: BENGALURU, Mumbai, Hindustan, People’s Republic, Asia, Vedanta
HONG KONG, Oct 3 (Reuters Breakingviews) - The country’s automakers are overtaking legacy marques at home and abroad. In this Exchange podcast, industry consultant Tu Le explains what has given BYD, especially, the edge over rivals. Listen to the podcastFollow @KatrinaHamlin on XSubscribe to Breakingviews' podcasts, Viewsroom and The Exchange. Editing by Katrina HamlinOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Tu Le, Elon Musk’s Tesla, Katrina Hamlin Organizations: Reuters, Thomson Locations: HONG KONG
China has reason not to let Evergrande rejig rot
  + stars: | 2023-10-03 | by ( Chan Ka Sing | ) www.reuters.com   time to read: +4 min
Yet Evergrande creditors are nonetheless in limbo. Up to 44% of Evergrande’s 558 billion yuan of interest-bearing debt is unsecured, of which a large chunk is held by offshore creditors. If the company is forced into liquidation, unsecured offshore creditors will recover less than 10 billion yuan, Evergrande has warned, with some facing a recovery rate as low as 2%. Evergrande was trying to reach an agreement with offshore creditors first before tackling issues onshore. It also cancelled meetings due to be held with creditors on Sept. 25 and Sept. 26.
Persons: Hui Ka Yan, Evergrande, , Sunac, Hui’s, Una Galani, Katrina Hamlin Organizations: Reuters, HK, Guangdong International Trust and Investment Corporation, Street, China Evergrande, Thomson Locations: HONG KONG, China, Guangdong, Republic, Hong Kong
Temasek units put new spin on SPAC pass the parcel
  + stars: | 2023-10-03 | by ( ) www.reuters.com   time to read: +2 min
SINGAPORE, Oct 3 (Reuters Breakingviews) - Convincing companies to list in Singapore, the tiny Asian financial hub, has long been a tall order. Hopes that special-purpose acquisition companies would be able to help looked ill-timed: three listed on the city-state’s exchange in January 2022, just as its stock market peaked and the appeal of blank-cheque firms was waning. The SPAC is sponsored by Vertex Venture Holdings, a venture-capital firm indirectly owned by Temasek. The SPAC maintains that Temasek is not involved in the business or operational decisions of any of these entities. Investment firms like Blackstone (BX.N)have offloaded portfolio companies to SPACs in the past – just not usually to ones they set up.
Persons: Antony Currie, Katrina Hamlin Organizations: Reuters, Technology, Corp, Vertex Venture Holdings, Temasek . Companies, Temasek, Blackstone, Vertex Technology, Singapore Exchange, X, Thomson Locations: SINGAPORE, Singapore, Taiwan, Japan
ORCHARD PARK, N.Y. (AP) — Bills safety Damar Hamlin is active against the Miami Dolphins on Sunday, and set to appear in his first regular season game since having a near-death experience on the field at Cincinnati in early January. Hamlin was a healthy scratch through the Bills first three games this season, and gets the nod with starting safety Jordan Poyer sidelined by a knee injury. Hamlin was starting in place of Hyde when he went into cardiac arrest after making what appeared to be a routine tackle in the first quarter against the Bengals. Political Cartoons View All 1190 ImagesHis heart stopped as a result of commotio cordis, which happens when a direct blow at a specific point in a heartbeat causes cardiac arrest. Doctors have assured Hamlin he can resume playing without any fear of setbacks or reoccurrence.
Persons: Damar Hamlin, Hamlin, Jordan Poyer, Taylor Rapp, Micah Hyde, what’s, Hyde, commotio Organizations: — Bills, Miami Dolphins, Cincinnati, Bills, Dolphins, Bengals, AP NFL Locations: ORCHARD
[1/2] Oct 1, 2023; Orchard Park, New York, USA; Buffalo Bills safety Damar Hamlin (3) warms up prior to the game against the Miami Dolphins at Highmark Stadium. Mandatory Credit: Gregory Fisher-USA TODAY Sports Acquire Licensing RightsOct 1 (Reuters) - Damar Hamlin returned to action on Sunday in the Buffalo Bills' 48-20 victory over the visiting Miami Dolphins, which marked his first regular season game since he suffered a cardiac arrest in January. Hamlin, who was a healthy scratch for the Bills' first three games of the 2023 National Football League season, was then on the field with the kickoff return unit to open the game. After Buffalo scored a touchdown on their opening drive, Hamlin returned to the field with the kickoff coverage unit. He was discharged from hospital nine days after his cardiac arrest, cleared to resume football activities in April and his remarkable recovery captivated the sporting world.
Persons: Damar Hamlin, Gregory Fisher, Hamlin, Frank Pingue, Christian Radnedge Organizations: Buffalo Bills, Miami Dolphins, Highmark, USA, Bills, National Football League, Buffalo, Cincinnati Bengals, Thomson Locations: Orchard, , New York, USA, Toronto
PWC Aussie mess is classic do as I say not as I do
  + stars: | 2023-09-29 | by ( Antony Currie | ) www.reuters.com   time to read: +4 min
MELBOURNE, Sept 29 (Reuters Breakingviews) - PWC Australia is likely to need a long time to recover from what is turning out to be a self-inflicted double whammy. Now the independent review sparked by the furore has laid bare another problem: PWC Australia took a do as I say not as I do approach to running its own shop. The report, commissioned by PWCA in May, written by one of the country’s corporate grandees, Ziggy Switkowski, and published on Wednesday, outlines a series of corporate governance failures. What’s worse, and even more ironic, is PWC Australia’s aversion to tapping external advice. Many of the changes will come from applying, “to the extent feasible”, the Australian Securities Exchange’s corporate governance principles and recommendations.
Persons: Tom Seymour, PWCA, Ziggy Switkowski, , Kevin Burrowes, That’s, Una Galani, Katrina Hamlin Organizations: Reuters, Lehman Brothers, Silicon Valley Bank, Australian Securities, Thomson Locations: MELBOURNE, Australia, Silicon
Indonesia spoils TikTok’s Southeast Asia party
  + stars: | 2023-09-28 | by ( Anshuman Daga | ) www.reuters.com   time to read: +4 min
Sandy Saputra, 19, who is one of TikTok's biggest Indonesian stars, uses his smartphone to record a video using the app in Jakarta, Indonesia, July 24, 2020. REUTERS/Willy Kurniawan - RC2PMI9KGQ5Q Acquire Licensing RightsSINGAPORE, Sept 28 (Reuters Breakingviews) - June must now feel like an alternate reality to TikTok CEO Shou Zi Chew. On Wednesday, though, President Joko Widodo’s administration banned e-commerce transactions on social media platforms. Indonesia is key to TikTok’s hopes of growing its e-commerce sales in Southeast Asia. CONTEXT NEWSIndonesian authorities on Wednesday announced new regulations that bar social media companies from conducting direct e-commerce sales on their platforms.
Persons: Sandy Saputra, Willy Kurniawan, Shou Zi Chew, Joko, Zulkifli Hasan, TikTok, , GoTo, Antony Currie, Katrina Hamlin Organizations: REUTERS, Rights, Reuters, Trade, HK, Wednesday, Thomson Locations: Indonesian, Jakarta, Indonesia, Rights SINGAPORE, Southeast Asia, Singapore
REUTERS/Kevork Djansezian Acquire Licensing RightsLONDON, Sept 27 (Reuters Breakingviews) - Microsoft’s (MSFT.O) gaming master plan is slowly coming together. But Microsoft’s gaming revenue was still around 8% of group sales, or $15 billion, for the year ended June 2022. Given these risks, it makes sense for Nadella to grow his exposure to those parts of the gaming market which are less likely to be upended by cloud gaming. It remains possible that cloud gaming is a dog that doesn’t bark – or at least not for some time. As a result of the Activision deal, Nadella has a hedge of sorts against cloud gaming happening too fast.
Persons: Kevork, Satya Nadella’s, Ampere, , GamesIndustry.biz, Nadella, George Hay, Katrina Hamlin Organizations: Activision, REUTERS, Reuters, Bethesda, Microsoft, Satya Nadella’s Activision, Ampere, Sony, Nintendo, Reuters Graphics, Netflix, Gamers, Xbox, PlayStation, Big Tech, Apple, HK, reckons, Competition, Markets Authority, CMA, Xbox Cloud Gaming, Ubisoft Entertainment, Ubisoft, Thomson Locations: Los Angeles , California, United States, U.S
HONG KONG, Sept 26 (Reuters Breakingviews) - Global banks in Hong Kong are feeding on scraps. Bankers in Hong Kong are working on smaller issuances than they typically took on in the past, Dealogic data shows. Among the bigger ones in the works, courier SF Holding (002352.SZ) has filed for a secondary listing in Hong Kong and may raise up to $3 billion, per IFR. Fees on Indian deals are tiny, for example, and costs in Hong Kong are high. Overall investment banking fees in Hong Kong are set to come in at the lowest level in a decade too, Dealogic data shows, with HBSC top of the table.
Persons: Morgan Stanley, Debtwire, Una Galani, Pranav Kiran Organizations: Reuters, UBS, Bank of America, Bankers, HK, SF, Thomson Locations: HONG KONG, Hong Kong, New York, Swiss, United States, China, brimming, Shenzhen, Asia, India, U.S, Asia Pacific, Japan
Western rival to Belt and Road has much to prove
  + stars: | 2023-09-25 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
LONDON, Sept 25 (Reuters Breakingviews) - Western countries have a window of opportunity to come up with a credible infrastructure plan for the developing world. U.S. President Joe Biden has been talking up the West’s so-called Partnership for Global Infrastructure and Investment (PGII). To be fair, the G7 is stepping up efforts to involve the private sector. These initiatives are running in parallel with efforts to get the World Bank to cooperate more with the private sector. For developing countries, it is good to have two rival infrastructure initiatives competing for their attention.
Persons: Joe Biden, PGII, marshall, It’s, Hung Tran, Janet Yellen, Antony Blinken, Jordan, Xi Jinping, Vladimir Putin, Peter Thal Larsen, Katrina Hamlin Organizations: Reuters, Initiative, Group, Democratic, Global Infrastructure, Investment, Atlantic Council, coy, Treasury, European, Bank, United Arab, China, Thomson Locations: Italy, Republic, India, Europe, Zambia, Angola, Democratic Republic of Congo, Indonesia, Vietnam, South Africa, Senegal, United States, China, East, New Delhi, Indonesian, New York, Saudi Arabia, United Arab Emirates, Beijing
Wallace moved up three spots to ninth in the standings, still one below the cutoff line when this round is done. Byron finished 1.863 seconds ahead of Chastain for his sixth win of the season, the most in the Cup series. For the first time since Texas opened in 1997, the race wasn't scheduled for 501 miles, and was 100 miles shorter. He finished only 73 laps and was 34th in the 36-car field, dropping from sixth to 12th in the playoff standings. Blaney and Buescher finished second and third in that race that had 57 lead changes among 21 drivers.
Persons: — William Byron, Texas Motor Speedway, Bubba Wallace, Chase Briscoe, Byron, Wallace, Ross Chastain, Chastain, Kyle Larson, Wallace hadn't, Larson, Ryan Blaney, Tyler Reddick, Hendrick, Denny Hamlin, Joe Gibbs, Ty Gibbs, Chris Bueshcher, Christopher Bell, BUSCH, Kyle Busch, didn't, Richard Childress, , Something's, it's, ” Busch, Busch, Austin Dillon’s, Todd Gilliland, Ford, Blaney, Buescher Organizations: Texas Motor, NASCAR, Hendrick Motorsports, Texas, Chevrolet, Talladega, Richard Childress Racing Chevrolet, Talladega Superspeedway Locations: Texas, Charlotte
Total’s green bet on Gautam Adani is a win-win
  + stars: | 2023-09-21 | by ( Pranav Kiran | ) www.reuters.com   time to read: +4 min
On Tuesday, the company said it would invest $300 million to form a joint venture with $19 billion Adani Green Energy (ADNA.NS) to build solar and wind farms in the country. The latest tie-up ought to help Total to hit its target of having 100 gigawatts of renewable energy capacity by 2030. Adani Green Energy and Adani Total Gas (ADAG.NS), in which Total owned stakes of about 20% and 37% at the end of June, have lost about 50% and 80% of their market value since January, and are among the worst performing of the group’s nine core listed entities. Total’s green capacity targets may be more pressing than the risk of further Adani problems. Adani Green will contribute assets to the joint venture, it said in a statement, adding that the deal will help it achieve its target of having 45 gigawatts of renewable energy capacity by 2030.
Persons: Gautam Adani, Carmichael, Hindenburg, Patrick Pouyanné, Adani, Una Galani, Katrina Hamlin Organizations: Reuters, Adani Enterprises, Adani, Green Energy, Australia, GQG, Barclays, Deutsche Bank, Energy, Thomson Locations: Indian, Ahmedabad, Queensland, BENGALURU, , India
China may finally nick some metals clout from LME
  + stars: | 2023-09-20 | by ( Chan Ka Sing | ) www.reuters.com   time to read: +3 min
The debacle has undermined the venue’s benchmark status in the pricing of nickel, which is essential for making electric vehicles. LME’s trading volumes of the element were down 40% in July from a year earlier. That’s probably why the Shanghai Futures Exchange (ShFE) is now planning its own nickel futures contract for international use, Reuters reported on Sept. 13. For the Shanghai exchange, venturing in the opposite route could also prove difficult. CONTEXT NEWSThe Shanghai Futures Exchange is planning to launch a nickel futures contract for international use, Reuters reported on Sept. 13.
Persons: Tsingshan, ShFE, HKEx, Lisa Jucca, Katrina Hamlin Organizations: Reuters, Hong Kong Exchanges, HK, London Metal Exchange, Asian bourse, Shanghai Futures Exchange, Reuters Graphics, Thomson Locations: HONG KONG, British, China, Beijing, Indonesia, Shanghai
The Shenzhen-based company has not explained exactly how seven-nanometer chips ended up in the new Mate 60 Pro smartphone series. Analysts estimate deliveries of the Mate 60 Pro could top 5 million this year. Follow @KatrinaHamlin on XCONTEXT NEWSHuawei started preselling its Mate 60 Pro+ smartphone alongside a new foldable phone in September. The Chinese company started selling its high-end smartphones Mate 60 and Mate 60 Pro at the end of August. The Huawei Mate 60 Pro contained a 7-nanometer processor that was made in China by Semiconductor Manufacturing International Corp, according to analysts at TechInsights.
Persons: TSMC, TechInsights, Una Galani, Thomas Shum Organizations: Reuters, TechInsights, Kirin, Manufacturing International Corp, HK, Washington, SK Hynix, Huawei, TSMC, Semiconductor Manufacturing International Corp, SK, South, Bloomberg, Thomson Locations: HONG KONG, China, Shenzhen, Beijing
Denny Hamlin didn't chill Sunday with his bravado that this is indeed the year he will finally win a NASCAR championship. The day after his win at Bristol Motor Speedway hurdled Hamlin and his No. 11 team into the second round of NASCAR's playoffs, Hamlin was still pumping his chest. Hamlin shared a back-and-forth with the crowd, and that's when he first declared that this is, finally, his year. Hamlin only got the win in Bristol but was strong enough to sweep the opening two races, won by Larson and Reddick.
Persons: Denny Hamlin, hurdled Hamlin, Hamlin, ” Hamlin, Bubba Wallace, Joe Gibbs, Gibbs, He's, Hamlin didn't, Ross Chastain, Kyle Larson, Tyler Reddick, Joey Logano, Kevin Harvick, Hamlin gnawed, I've, I’m, I’ve, Ned Jarrett, Junior Johnson, , , Martin Truex Jr, Christopher Bell, Truex, Logano, ” Truex, William Byron, Kyle Busch, Richard Childress, Chastain, Ford, Ryan Blaney, Brad Keselowski, Chris Buescher, Reddick, doesn't, Chris Gabehart Organizations: NASCAR, Bristol Motor, 23XI Racing, Darlington, Bristol, of Fame, JGR, ” Chevrolet, Hendrick Motorsports, Trackhouse, Team Penske, RFK Racing, Larson Locations: Tennessee, Phoenix, Kansas, Bristol
He is third behind William Byron of Hendrick Motorsports and Gibbs teammate Martin Truex Jr. with the points reset for NASCAR's second round. Logano became the first reigning champion eliminated in the first round when he crashed early in the third stage and finished 34th. Harvick, who is retiring at the end of the season, also was eliminated after finishing five laps down in 29th. Wallace gave Hamlin both of Hamlin's 23XI Racing cars spots in the next round by running a clean race. UP NEXTNASCAR opens the second round of the playoffs next Sunday at Texas Motor Speedway, which has only one Cup race this year for the first time since 2004.
Persons: Denny Hamlin, , we've, ” Hamlin, Joe Gibbs, William Byron, Hendrick, Gibbs, Martin Truex Jr, Joey Logano, Kevin Harvick, Logano, Hamlin, Harvick, We’ve, “ I’ve, that’s, , Ricky Stenhouse, Michael McDowell, Stenhouse, ” McDowell, Bubba Wallace, Hamlin's, Wallace, Tyler Reddick, Coco Gauff, Michael Jordan, “ I’m, ” Wallace, ” Logano, Ford, Corey LaJoie, LaJoie, ” NASCAR's, SMITH, Daniel Hemric, Trackhouse, Zane Smith, Smith, He'll, Ty Dillon, Richard Childress Organizations: NASCAR, Bristol Motor, Daytona, Hendrick Motorsports, Ford, , Toyota, 23XI Racing, Bristol, Women's, Kaulig Racing, Spire Motorsports, Texas Motor, Richard Childress Racing Locations: Bristol, Kansas
UBS job cuts are tiny strike at Asia wealth fears
  + stars: | 2023-09-12 | by ( ) www.reuters.com   time to read: +2 min
The logo of UBS Group is seen at an office building in Hong Kong, China March 20, 2023. The headcount reduction is tiny compared to the thousands it slashed in Europe but it hits on two regional wealth worries. Their risk-taking appetite has diminished as the end of cheap money fuels a shakeout in valuations. More significantly, the pruning of jobs in Hong Kong and Singapore hints at a muted outlook for banks that have thrived on handling assets of rich families. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Tyrone Siu, Una Galani, Katrina Hamlin Organizations: UBS Group, REUTERS, Tyrone, Rights, Reuters, UBS, Credit Suisse, X, Warner Bros Discovery, Thomson Locations: Hong Kong, China, Rights SINGAPORE, Swiss, Asia, Europe, Indonesia, Singapore
Samsonite’s baggage is heavy with geopolitics
  + stars: | 2023-09-12 | by ( Thomas Shum | ) www.reuters.com   time to read: +4 min
Of the restless group, luggage maker Samsonite International (1910.HK) has the least financial reason to mull a move. The $5 billion U.S. and Luxembourg-based company was one of the first Western companies to list in Hong Kong. Sales from Asia - Samsonite’s most profitable region – accounted for almost 40% of the total in the first half of 2023. Reuters Graphics Reuters GraphicsFrom a liquidity point of view too, Samsonite has had a better experience in Hong Kong than other international arrivals. That’s better than other international consumer brands that boast similar levels of prestige.
Persons: Andrew Kelly, Tim Parker, Samsonite, Kyle Gendreau, CK Hutchison, It’s, Calvin Klein, Prada, ” Gendreau, Una Galani, Katrina Hamlin Organizations: Woodbury, REUTERS, Reuters, Global, Samsonite, HK, Reuters Graphics Reuters, Prada, Swire Pacific, CK, Bloomberg, Thomson Locations: Central Valley , New York, U.S, HONG KONG, Hong Kong, mull, Luxembourg, Asia, New York, Washington, Beijing, China
Insider Today: Automating away CEOs
  + stars: | 2023-09-11 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +9 min
Today is always a difficult day, particularly here in New York, as we remember the innocent lives lost 22 years ago. But the group that seems immune to those concerns — CEOs — is primed for being usurped by robots, writes Ed Zitron. Ed's argument is straightforward: CEOs get paid a lot despite not providing much value for their companies. For all the talk of CEOs being transformational leaders full of business ingenuity, many are nothing more than figureheads. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.
Persons: Rick Rescorla, Morgan Stanley, Rescorla, — Dan DeFrancesco, Arantza Pena Popo, , Ed Zitron, Ed, they're, STAN HONDA, Bill Ackman, foresees, Elon Musk's, Sam Altman, Kevin Dietsch, Ryan Petersen, Flexport's, Apple's, Microsoft's, Chris Williams, he's, Joe Biden, Damar Hamlin, Joe's, Wilson, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Tech, TED, LinkedIn, nab, Bank, America, Wynn Resorts, Broadcom, Sun, Pentagon, & Museum, The New York Jets, Buffalo Bills, Bills, Oracle, Bovis Homes Locations: Wall, Silicon, New York, China, Alaska, Savanna, New York City, San Diego, London
There's co-owner Denny Hamlin, who has won at the track four times, more than anyone else. Political Cartoons View All 1148 ImagesHamlin got a poor jump on the last restart, couldn't chase Reddick down and finished second. Then the bottom lane opened up there and it was crazy.”Even crazier: It was the third win for the No. 45 car of 23XI in the last four races at Kansas , and all with different drivers after Busch and Wallace won last year. Its owner, meanwhile, nearly pulled off the sweep after Hamlin won in the spring.
Persons: Tyler Reddick, There's, Denny Hamlin, Kurt Busch, Bubba Wallace, Reddick's, Billy Scott, , Reddick, Hamlin, couldn't, Erik Jones, Kyle Larson, Joey Logano, , ” Reddick, Wallace, Joe Gibbs, It's, ” Hamlin, Chris Buescher, — Reddick, Martin Truex, Larson, Brad Keselowski, Chase Elliott, Elliott, Buescher, Logano, WHO’S, Truex, Kevin Harvick, Christopher Bell Organizations: KANSAS CITY, Kan, 23XI, Kansas Speedway, Kansas, NASCAR, Darlington, Busch, Bristol, Keselowski, Team Penske, RFK Racing, Daytona, Truex Locations: KANSAS, Denny, Kansas, Bristol, Talladega
India’s fintech partygoers nurse a needed hangover
  + stars: | 2023-09-11 | by ( Shritama Bose | ) www.reuters.com   time to read: +4 min
MUMBAI, Sept 11 (Reuters Breakingviews) - India’s financial technology industry is suffering from overindulgence. And it was on full display at a sombre Global Fintech Festival in Mumbai last week. The South Asian country is the world’s third-largest fintech market by number of unicorns. Poster child Byju’s is squabbling with lenders as investors walk away and financial reports get delayed. Follow @ShritamaBose on XCONTEXT NEWSThe Global Fintech Fest organised by the National Payments Corporation of India and industry association Payments Council of India was held between Sept. 5 and 7 in Mumbai.
Persons: securitisation, , hesitatingly, Vishwas Patel, they’re, fintechs, Mukesh Ambani’s, Antony Currie, Katrina Hamlin, Thomas Shum Organizations: Reuters, Founders, Boston Consulting Group, Venture, Reserve Bank, One97 Communications, FSN, Commerce Ventures, Innoven Triple Blue Capital, XV Partners, Financial, National Payments Corporation of India, Thomson Locations: MUMBAI, Mumbai, India, fintech, Sequoia Capital’s India, Southeast Asia, Rwanda, Japan, Germany, Peru
off-season has gotten shorter since the regular season was extended to 17 games, and it certainly feels shorter, too, given that once-mundane calendar entries, such as the start of off-season workouts, are now treated like red-carpet events. Yet the down time between last season and this one is still long enough that impactful free-agent signings, un-retirements and rules changes made months ago have receded to the background. happenings to keep in mind as the regular season begins in earnest on Sunday. Eight months after Hamlin, a Buffalo Bills safety, went into cardiac arrest during a “Monday Night Football” game, he made the team’s 53-man roster and will backup starters Micah Hyde and Jordan Poyer. Buffalo’s Week 1 game is a return to “Monday Night Football,” against the Jets in East Rutherford, N.J.
Persons: Damar Hamlin, Hamlin, Micah Hyde, Jordan Poyer, , ” Hamlin, he’s Organizations: Buffalo Bills, Bengals, Jets Locations: Cincinnati, Buffalo, East Rutherford, N.J
NFL week 1: Everything you need to know
  + stars: | 2023-09-10 | by ( Ben Morse | ) edition.cnn.com   time to read: +6 min
Bengals @ BrownsAn Ohio derby on the opening weekend of the new season is a treat for all NFL fans, especially with expectations for both teams so high. The Dallas Cowboys and the New York Giants have had many battles for the ages over the years and is one of the most heated rivalries across the league. Dalton Schultz of the Dallas Cowboys scores a touchdown during the second half against the New York Giants at AT&T Stadium on November 24, 2022 in Arlington, Texas. Bills @ JetsArguably the game of the first week is its final one, with the Buffalo Bills traveling to face the New York Jets. Mosley of the New York Jets defends in the fourth quarter at Highmark Stadium on December 11, 2022.
Persons: Joe Burrow, Burrow, Ja’Marr Chase, Zac Taylor, Dylan Buell, Deshaun Watson, Watson, Kevin Stefanski, David Eulitt, Ezekiel Elliott, Kellen Moore, Mike McCarthy, Dalton Schultz, Wesley Hitt, Dak, Brian Daboll’s, Daniel Jones, Saquon Barkley, Darren Waller, Josh Allen, Stefon Diggs, Von Miller, Damar Hamlin, Dawson Knox, Mosley, Joshua Bessex, Aaron Rodgers, – Sauce Gardner, Breece, Garrett Wilson –, Rodgers, C.J, D.J, Reed Organizations: CNN, Kansas City Chiefs, Detroit Lions, NFL, Detroit, ESPN, FOX, NBC, CBS, Dallas Cowboys, New York Giants, Buffalo Bills, New York Jets, Bengals, Browns, Cincinnati Bengals, Super, AFC Championship, Getty, Cleveland Browns, AFC North, Cowboys, Giants NFL, Los Angeles Chargers, AT, Giants, Bills, Jets, Green Bay, Sunday Carolina Panthers, Atlanta Falcons Houston Texans, Baltimore Ravens Cincinnati Bengals, Cleveland Browns Jacksonville Jaguars, Indianapolis Colts Tampa Bay Buccaneers, Minnesota Vikings Tennessee Titans, New Orleans Saints San Francisco 49ers, Pittsburgh Steelers Arizona Cardinals, Washington, Green Bay Packers, Chicago Bears Las Vegas Raiders, Denver Broncos Miami Dolphins, Los Angeles Chargers Philadelphia Eagles, New England Patriots Los Angeles Rams, Seattle Seahawks Dallas Cowboys, @ @ @ @ @ @ @ @ @ @ @ @ @ @ Locations: United States, DAZN, Browns An Ohio, Arlington , Texas, Prescott, Texas, Green
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