Slideshow ( 2 images )HONG KONG (Reuters) -Weibo Corp Chairman Charles Chao and a state investor are in talks to take the Nasdaq-listed Chinese social media company private in a deal that could value it at $20 billion-plus, sources close to the matter told Reuters. Chao, whose holding company New Wave is the largest Weibo stakeholder, is teaming up with […]
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FILE PHOTO: A medical specialist wearing protective gear transports a person on a stretcher at a hospital for patients infected with the coronavirus disease (COVID-19) on the outskirts of Moscow, Russia July 2, 2021. REUTERS/Tatyana MakeyevaMOSCOW (Reuters) – Russia reported a record 737 deaths from coronavirus-linked causes in the past 24 hours on Tuesday, pushing the national death toll to […]
Read more(Reuters) – The Soho House private members club said on Tuesday it plans to raise as much as $480 million through a U.S. initial public offering (IPO), targeting a valuation of about $3.21 billion. Soho House plans to sell 30 million shares of its Class A common stock priced between $14 and $16 apiece on the New York Stock Exchange. […]
Read more* Rand up over 3% YTD * EM currencies, stocks flat * Polish zloty dips, but rate hike bets grow July 6 (Reuters) – Currencies in Europe, the Middle East, and Africa rose on Tuesday as the dollar continued its decline due to mixed labour data, with South Africa’s rand leading the gains on a rise in the prices of […]
Read more(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Auto stocks slide 1% * German industrial orders fall in May * BP, Shell gain as OPEC+ talks called off * Alstom falls on downbeat outlook (Adds comment, updates prices) July 6 (Reuters) – European stocks slipped on […]
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Westpac says at least seven major corporate customers including Coles, Woolworths, Veolia and WesTrac have been caught up in an alleged fraud involving fake invoices and forged signatures that could cost the bank more than $290 million. After the bank launched legal action against Sydney-based Forum Financial and Sydney Olympic chairman Basile Papadimitriou on Friday, documents released by the Federal […]
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Slideshow ( 4 images )MADRID (Reuters) – Coronavirus infections in Spain have risen by 32,607 since Friday, official data showed on Monday, 85% more than the previous weekend’s increase as the Delta variant drives a surge among unvaccinated young people. While the nationwide 14-day infection rate reached 204 cases per 100,000 people on Monday, up from 95 cases a week […]
Read moreLONDON (Reuters) – The Fortress Investment Group-led $8.7 billion takeover offer for British supermarket chain Morrisons represents “good value”, abrdn’s CEO Stephen Bird said on Monday. Abrdn, formerly Standard Life Aberdeen, is the fifteenth largest investor in Britain’s fourth biggest supermarket group, according to Refinitiv data. The asset manager’s holdings are as a passive, or index-tracking, investment, an abrdn spokesperson […]
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BEIJING (Reuters) – Growth in China’s services sector slowed sharply in June to a 14-month low, weighed down by a resurgence of COVID-19 cases in southern China, a private survey showed on Monday, adding to concerns the world’s second-largest economy may be starting to lose some momentum.FILE PHOTO: People dine at a hotpot restaurant in Sanya, Hainan province, China November […]
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