Asian Shares Track Technology-Led Sell-Off on Wall Street

By ELAINE KURTENBACH, AP Business Writer Shares fell in Asia on Thursday after the release of worse inflation data than expected sparked heavy selling of technology stocks on Wall Street. Hong Kong’s benchmark fell 2.2% to 19385.47 following the arrests of several prominent democracy advocates,

STMicro Sets Bullish Mid-Term Targets, Shares Rise

(Updates share price move) By Mathieu Rosemain PARIS (Reuters) -Franco-Italian chipmaker STMicroelectronics said it is hoping for over $20 billion in annual sales by 2027 at the latest, sending its shares higher as investors welcomed the prospect of prolonged growth underpinned by the digitalisation …

Tether Has Reduced Its Exposure to Commercial Paper, CTO Says

LONDON (Reuters) – The stablecoin Tether has the majority of its reserves in U.S. Treasuries, having dropped its exposure to commercial paper over the last six months, its chief technology officer Paolo Ardoino said in a Twitter Spaces chat on Thursday. Tether, a reserve-backed stablecoin which is …

Japan’s SoftBank Sinks to Losses as Investments Sour

By YURI KAGEYAMA, AP Business Writer TOKYO (AP) — SoftBank Group sank into losses in the past fiscal year as the value of its global investments declined, the Japanese technology company reported Thursday. SoftBank Group Corp. reported red ink totaling 1.7 trillion yen ($13 billion) for the fiscal …

Major League Baseball to Launch NFT Game With Sorare

LONDON (Reuters) – Major League Baseball will launch an online game in partnership with SoftBank-backed NFT company Sorare this summer, Sorare said in a statement on Thursday. The game will allow baseball fans to buy and sell NFTs representing baseball players using the cryptoccurency ether,