Reporter, Equity Capital Markets
Intern at @VOANews • Journalism and econ student at @BU_Tweets • Past: @dailyfreepress, @sp3akmagz at @jakpost • Member at @aaja • davesebastian.kam@gmail.com
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Soros fund, Fortress among lender group that bid roughly $225 million for the former digital news darling.
An expanded stock link between exchanges in China and Europe has helped companies raise money, but trading is anemic and prices have plummeted.
Investors in Asia shrugged off Warren Buffett's sale of the rest of his stake in the the world's largest contract chip maker. The locally listed shares of Taiwan Semiconductor Manufacturing, known as TSMC for short, rose 1.9% on Tuesday after a regulatory filing the previous day showed that Mr. Buffett's Berkshire Hathaway had offloaded all its [shares in the company](https://www.wsj/articles/why-berkshire-hathaways-latest-big-bet-is-on-a-taiwanese-chip-maker-11668534666). The Omaha, Neb.-based conglomerate [shed most of its stake in the chip maker last year](https://www.wsj/articles/berkshire-hathaway-sheds-most-of-its-stake-in-chip-maker-tsmc-de0ba8d5) just months after buying it.
The company’s $9 billion-plus listing plan on China’s STAR Market hit a snag in March.
By: Dave Sebastian, Megumi Fujikawa
The hot new stock play is a country with a shrinking population, a tumbling currency and an economy still smaller in real terms than it was four years ago.
The Nikkei 225 stock average closed at a 33-year high Friday, capping an 18% rise this year. The last time the benchmark was at this level, phones couldn’t send text messages, George H.W. Bush was president and the Soviet Union was still a thing. What’s driving the recent rally isn’t any vision of
By: Dave Sebastian
↗️ PacWest (PACW): The regional bank's shares gained more than 7% in premarket trading after PacWest struck a deal to sell a real-estate lending arm. ↗️ [**Palo Alto Ne
[**Analog Devices (ADI)**](https://www.wsj/market-data/quotes/ADI): The stock fell around 8.4%, making it the worst performer in the Nasdaq 100, after the chipmaker posted a weak outlook for third-quarter results.
Hong Kong’s stock market has now given up all of its gains since early December, when China’s move to reopen its economy led to a surge in share prices. The Hang Seng Index closed on Thursday at 18746.92, pushing its losses this year to more than 5%. Here are three related reasons why Hong Kong sha
By: Dave Sebastian
The cancer-treatment specialist GenesisCare has filed for bankruptcy protection, after struggling under a debt load enlarged by a $1.5 billion takeover. Australia-based GenesisCare said Thursday it would split its U.S. business from operations in Australia, Spain and the U.K. as part of the U.S. ch
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