Page 1017 - Reuters

Are NFTs the new masters? How auction houses are chasing crypto millions

The sales figures for the world's leading auction houses account for about 5.5% of their contemporary art sales. It's a leap, given NFTs have only taken off in the last year.

SoftBank dragged into red in Q2 by falling Vision Fund valuations

"The strategy of let's create the perception of enhanced value by taking things public hasn't really worked this year," Redex Research analyst Kirk Boodry said

Buy now, pay later set to surge over ten-fold in India within four years

Redseer estimates India's BNPL market will rocket to $45-50 billion by 2026 from $3-3.5 billion now

Disney offers streaming service discount for a month to boost subscribers

Walt Disney Co said on Monday it was offering a month of Disney+ for $1.99 for a limited period, as the entertainment giant seeks to stem a slowdown in paid user growth at its streaming service

Blizzard-hit SoftBank launches $9-bn buyback after $10-bn Vision Fund loss

Even as the value of its assets slide, the Japanese tech conglomerate said its stock is undervalued and will spend up to 1 trillion yen ($9 bn) buying back nearly 15% of its shares

Explained: Key challenges for Japan PM Fumio Kishida's stimulus plan

Having deployed huge fiscal stimulus last year, Japan risks a drop-off in support needed to support the fragile recovery, finance ministry officials say

European automakers say magnesium shortage not a problem, for now

Part manufacturers supplying automakers with key components are heavily reliant on magnesium, which can be used by itself or combined with aluminium to reduce the weight of cars

Japan cuts economic view after key indicator falls to lowest in a year

The government on Monday lowered its assessment of the index to "weakening" from "improving" in its first downgrade since August 2019

Larger-than-expected Saudi crude price hikes to Asia bullish for markets

Brent and U.S. West Texas Intermediate crude futures gained more than $1 on Monday following Saudi's announcement

Oil gains after US infrastructure bill passes, Chinese exports rise

Brent crude was up by 86 cents or 1% at $83.60 a barrel by 0745 GMT, after dropping nearly 2% last week

Tesla shares fall after Elon Musk's Twitter poll backs stake sale

Tesla Inc's Frankfurt-listed shares fell about 9% in early trading on Monday as investors prepared for Chief Executive Officer Elon Musk's proposed sale of about a tenth of his holdings

Gold climbs to 2-month peak on retreating dollar, improved US jobs data

* Spot gold rose 0.1% to $1,817.65 per ounce by 0127 GMT, having hit its highest since Sept. 7 earlier in the session.

Business leaders optimistic COP26 visions will become reality

Executives and financial analysts say they are optimistic that COP26 talks will lead to changes needed for businesses to play a bigger role in tackling climate change.

China's meat imports drop to 20-month low in October: Customs data

Shipments in the first 10 months of 2021 were 8.05 million tonnes, down 1.5% from last year's volumes, the data showed.

Crypto rally lifts ether to new record, bitcoin to near 3-week high

Bitcoin rose to a two-and-a-half-week peak and ether climbed to a fresh record

Twitter users say 'yes' to Musk's proposal to sell 10% of his Tesla stock

Tesla Inc CEO Elon Musk should sell about 10% of his Tesla stock, according to 57.9% of people who voted on his Twitter poll

Elon Musk asks Twitter followers whether he should sell 10% of Tesla stock

Musk tweeted that he will abide by the results of the poll, whichever way it goes

China Oct exports beat forecasts, offer buffer to slowing domestic economy

Outbound shipments jumped 27.1% in October from a year earlier, slower than September's 28.1% gain.

China Oct exports beat forecasts, offer buffer to slowing domestic economy

Imports, however, missed analysts' expectations, likely pointing to the overall weakness in domestic demand.

Supply chain problems crimp Q3 profit at Buffett's Berkshire Hathaway

Warren Buffett's Berkshire Hathaway Inc. racked up even more funds, with its cash pile hitting a new record at $149.2 billion even as share buybacks ramped up