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CK Hutchison to sell VodafoneThree stake for $5.8bn

Business deals Hong Kong conglomerate boosts cash reserves to pursue acquisitions CK Hutchison Group Telecom’s announcement that it is exiting from VodafoneThree comes three months after its parent said it has agreed to sell its entire stake in UK Power Networks. (CK Hutchison website) HONG KONG — A unit of the CK Hutchison group said Tuesday it […]

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Moody’s readies stablecoin ratings as Asian market takes shape

Cryptocurrencies Credit agency aims to assess risk of different currency-pegged crypto offerings The digital economy team at Moody’s is trying to adapt its ratings and services to emerging technologies such as blockchain and artificial intelligence. (Nikkei montage/Source photos by Reuters) TOKYO — Moody’s Ratings is preparing to issue credit evaluations for stablecoins using its own […]