CEO Financial News

(Reuters) -New York-listed e-commerce giant Coupang plans to buy Farfetch (NYSE:FTCH) Holdings in a deal that will provide the struggling online luxury fashion retailer with $500 million in capital to stay in operation, the companies said in a joint statement.

Snowden Lane Partners has marked the opening of its 15th office across the U.S. with a second location in Florida.

The ball in Times Square will soon be dropping, closing the book on 2023 and ushering in a brand-new year. It also means it’s time for financial advisors intent on improving their practices to get their new year’s resolutions on the record.

Metaverse startup Improbable has sold its gaming subsidiary, MPG, to Irish video game company Keywords Studios for $96.8 million.

Fairshake has raised $78 million to support “pro-crypto” candidates in the forthcoming 2024 US elections.

India Inc's brightest, heftiest and edgiest. Last week, they were seated at a long table in their avatars as jury members.

Nippon Steel in an all-cash deal valued at approximately $14.1 billion. The transaction is worth about $14.9 billion when including the assumption of debt. The combined company will be among the top three steel-producing companies in the world, according to 2022 figures from the World Steel Association.

After a chaotic 2022, Canada’s air travel sector says it is “winter ready” as travellers will be hoping for a less turbulent time over the holiday period this year.

Bitcoin (BTC), the world’s most valuable cryptocurrency, experienced a downturn over the weekend, falling to the $41,000 range. This decline is part of a broader trend that saw the global crypto market cap drop by over 8% in 24 hours, standing at $1.46 trillion. The market’s sluggishness is partly due to a lack of fresh news on ETF applications.

GFO-X is preparing for the launch of a digital asset derivatives marketplace for institutional investors. In May, the firm secured an agreement with London Stock Exchange clearing house LCH for secure settlement via its new, segregated central counterparty clearing service, LCH DigitalAssetClear.Corentine Poilvet-Clédière, CEO, LCH SA says: “LCH SA is excited to be working with GFO-X, together with the industry, to provide a regulated marketplace for bitcoin index futures and options as we look to expand our services to become a truly international clearing house.

Redfin CEO Glenn Kelman analyzes the state of the housing market after mortgage rates surged past 7% on 'Cavuto: Coast to Coast.'

Colliers India has elevated Arpit Mehrotra as Managing Director, Office Services for India. Mehrotra, who presently serves as the Managing Director, South India has expertise in office transactions, lease negotiations and tenant representation.

(Reuters) -Consumer goods giant Unilever (LON:ULVR) on Monday said it would sell Elida Beauty, its non-core beauty and personal care division, to U.S. private equity firm Yellow (OTC:YELLQ) Wood Partners.

Biocon Biologics completes integration of Viatris' biosimilar business in 120 countries Biocon Biologics on Monday said it has completed integration of the acquired Viatris' biosimilar business in 120 countries, a year ahead of schedule. The company said over 10 emerging markets along with Japan, Australia and New Zealand have transitioned in this final phase of the integration of the biosimilars business acquired from Viatris. With the completion of this significant milestone, Biocon Biologics is now a fully integrated ‘lab to market’ biosimilars company committed to serving millions of patients across the globe. Around 70 emerging markets were integrated in July, the North America business transitioned in September and the European business in November. Biocon Biologics has made several key leadership appointments, built new capabilities and infrastructure from the ground up and set up dedicated teams to address the growing needs of patients and customers through self-led and partner or distributor-led commercial models. Biocon Biologics will now have a commercial footprint across 120 countries with a direct presence in the US, Canada, Europe and 9 key emerging market countries, namely India, UAE, Saudi Arabia, Morocco, South Africa, Brazil, Malaysia, Thailand, and the Philippines.

Farfetch (NYSE:FTCH) shares fell as much as 38% in early New York trading on Monday after the company announced Coupang (CPNG), will acquire its business and assets.

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Pidge has introduced TRACE—a solution for effective fleet management, providing deep intelligence to all businesses looking to manage on-ground fleets of executives and vehicles. Enabling no-touch management for logistics teams, TRACE offers businesses real-time intelligence on fleet and vehicle Tracking, effective Routing, real-time Alerts, Customisability, and Exception management (TRACE).

cryptocurrency market cap also declined nearly 2% to around $1.56 trillion in the last 24 hours. At 12.31 p.m., BTC was trading 1.9% lower at $41,163, while the second most popular token, Ethereum, was down 1.6% at $2,178. Shivam Thakral, CEO of BuyUcoin, said, «As we approach the holiday season, we can expect some dip in trading activity due to which the market may remain at current levels.» Meanwhile, Edul Patel, CEO of Mudrex, said, «After a weekend of profit-taking, Bitcoin is consolidating above the US$40,000 level, with the potential for a move towards US$42,700 if buyers maintain control.»

Sony group's Indian arm Sony Pictures Networks India (now known as Culver Max Entertainment) and Zee Entertainment Enterprises Ltd. is likely to be put off by several months.

National Pension Scheme (NPS) by adhering to KYC norms. The NRIs can make contributions to NPS from their NRO/NRE account. While investing depends on individual financial goals, risk tolerance, and investment preferences, Kurian Jose, CEO, of Tata Pension Management listed some reasons for NRIs to consider investing in NPS NPS is designed as a long-term retirement planning tool.

The promise of self-checkout has meant that customers can avoid long lines by scanning and bagging their own items, workers can be freed of doing those monotonous tasks themselves and retailers can save on labor costs