Evergrande Group, once a symbol of the country’s real estate boom, is set to be removed from the Hong Kong Stock Exchange on August 25, marking the end of a turbulent era for the embattled property developer. The delisting follows more than 18 months of suspended trading, a threshold that triggers automatic removal under Hong Kong’s listing rules. Evergrande’s downfall was the most dramatic episode in China’s 2021...

The European Commission has conditionally approved Prosus’ €4.1 billion ($4.77 billion) bid to acquire Just Eat Takeaway.com, removing a major regulatory hurdle for the Dutch tech investor and paving the way for the deal to close, which oversees competition policy across the European Union, granted approval after Prosus agreed to a series of concessions aimed at preserving competition in the food delivery sector. Among the commitments, Prosus will...

Silver (XCMX-SI1!) continues to ascend in global markets, with spot prices rising 1.6% to $37.59 an ounce marking the highest level since September 2011. Meanwhile, US futures for September delivery reached an even steeper $38.46, a divergence that highlights a rare and persistent dislocation between major trading venues. Historically, arbitrage activity tends to quickly neutralize such discrepancies. However, earlier this year, potential US tariffs on silver imports prompted...

Apple Inc. (XNAS-AAPL) is reportedly setting its sights on acquiring U.S. broadcasting rights for Formula 1, positioning itself to rival current rights holder ESPN in a bold move to grow its presence in live sports streaming. The tech giant’s interest comes on the heels of its highly successful F1 themed film featuring Brad Pitt, which generated over $300 million at the box office reinforcing Apple’s belief in the...