With the Japanese conglomerate Panasonic Corp seeking to reduce its dependence on the United State based electric car maker Tesla, the Japanese firm sold its stake in the US car maker for about 400 billion yen ($3.61 billion) in the year ended March, according to a spokesperson of the Japanese...

Doximity, known as the contact network for healthcare professionals, pumped its market value in its first trading day on the stock exchange. The company raised about $500mln during its IPO and closed with a market capitalisation of $9.4bn. Doximity, the U.S.-based company that has developed an app...

Visa has announced the purchase of Swedish fintech platform Tink. The deal will be valued at €1.8bn. Visa is buying the startup at a price significantly higher than its valuation in its last round of funding in December 2020, when it was valued at €680 million. Visa intends to retain the Tink...

A distinction between non-fungible tokens (NFTs) available on its platforms and cryptocurrencies was sought to be drawn by China's Ant Group amidst a crackdown on cryptocurrencies by Chinese authorities following confusion over the latest regulatory directions and advice over trading in...

The Bank for International Settlements (BIS) said it fully supports the efforts of nations around the world to develop central bank digital currencies and the need to modernise financial systems, Reuters wrote. The BIS, known as the "central bank of central banks", helps regulators coordinate...

Chinese electric car maker Xpeng Motors, whose shares are traded in the US, has received approval of its IPO bid on the Hong Kong Stock Exchange. It plans to raise between $1bn and $2bn; last August, the company raised about $1.7bn in an IPO in New York. The Hong Kong Stock Exchange's listing...

Japan’s Nissan Motor supported China based autonomous driving startup WeRide raised $310 million at a $3.3 billion valuation recently and announced that it would be deepening its partnership with the Japanese auto giant for development of autonomous driving technology and vehicles aimed for the...

One of the world's largest online retailers, Amazon, has retained its title as the most expensive brand, up 64% year-on-year to $683.8 billion, according to a Kantar BrandZ study. Overall, the top three remained unchanged. Second place went to Apple, as it did a year earlier, with Google in third...

International payment service PayPal and Visa Inc. one of the world's two largest bank card companies, are investing in a $300 million Crypto VC blockchain fund, Coindesk reported, citing confirmation from Paypal. "PayPal and Visa are trying to get into the crypto industry as partners in the fifth...