May 9 Reuters Robinhood Markets jumped in premarket trading on Thursday after reporting record firstquarter revenue and profit thanks to momandpop investors returning to its commissionfree platform to trade cryptocurrencies. Retail trading has been on the road to recovery since bitcoin and U.S. stocks scaled record highs earlier this year, helped by bets of a soft […]

HONG KONG, May 9 Reuters Embattled Chinese property developer Country Garden said it was unable to pay two onshore coupons due on Thursday, but China Bond Insurance Co would do so on its behalf if it missed paying within a grace period that ends next week. Such a move would be the first time the stateowned […]

MADRID, May 9 Reuters Spanish bank BBVA on Thursday presented a 12.23 billion euro 13.11 billion hostile takeover offer for rival Sabadell directly to shareholders, even though Sabadell39;s board this week rejected the merger proposal. BBVA decided to submit the bid as a tender offer directed to shareholders after Sabadell39;s board said on Monday it significantly undervalued […]

TOKYO, May 9 Reuters Japan39;s Panasonic Holdings forecast on Thursday a 23 rise in operating profit for its batterymaking energy unit in the current business year, after undershooting its estimated operating profit for the year that just ended. Operating income for the key segment, which makes batteries for Tesla and other automakers, is expected to reach 109 […]

May 9 Reuters Apollobacked Concord said on Thursday it will stick with its offer of 1.25 apiece for Hipgnosis Songs Fund, days after Blackstone outbid it for the music rights owner of artists such as Shakira and Red Hot Chili Peppers. Shares in Hipgnosis, which also owns rights to songs by The Chainsmokers, were down 2.1 […]

Sees FY operating profit of 600 bln yen vs forecast 577 bln Sees 7.5 rise in global retail sales, China up just 0.8 Q4 operating profit 90.3 mln yen vs forecast 118.2 bln TOKYO, May 9 Reuters Japan39;s Nissan Motor expects to beat analyst estimates with a 5.5 rise in operating profit this fiscal year on […]