BlackRock Inc. ( BLK ) , the world’s largest asset manager, is reportedly in preliminary discussions to acquire an equity stake in Millennium Management, one of the leading hedge fund managers. What Happened: BlackRock ( BLK ) is considering a strategic partnership with Millennium Management, the Financial Times reported, citing sources familiar with the matter. This potential deal would mark...

BRUGG, Switzerland (Reuters) - The Swiss National Bank is wary about cryptocurrencies like Bitcoin and Ether, Chairman Martin Schlegel said on Thursday, adding physical cash would retain an important role in the Swiss payments system in future. Bitcoin and other virtual currencies have grown enormously in recent years, Schlegel told an event organised by the Aargauische Kantonalbank in Brugg, Switzerland....

BEIJING (Reuters) -Semiconductor Manufacturing International Corp, China's largest chipmaker, warned on Friday that overcapacity in mature node chips will persist through 2025 and that it was turning cautious on building new capacity. The global semiconductor industry has struggled to recover since late 2022, when pandemic-driven shortages turned into oversupply, with many end users, including automakers, still working through excess inventory....

ZURICH (Reuters) -Cartier jewellery owner Richemont reported on Friday a 1% dip in sales during the three months to the end of September, the latest luxury company to report tougher conditions as China weakened. The company, which also owns a string of Swiss watchmakers including IWC, Jaeger-LeCoultre and Piaget, said sales fell 1% at constant exchange rates to 4.81 billion...