Chinese electric vehicle maker Zeekr priced its initial public offering at $21 a share Thursday, at the top end of its range. The company will sell 21 million American depository shares to raise $441 million when it begins trading on…
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BEIJING — Railway passenger trips in China hit a record high of over 20.69 million on Wednesday, the first day of the five-day May Day holiday, data from the national railway operator shows. The China State Railway Group Co, Ltd. (China…
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NEW YORK, May 9 (Reuters) – Jury selection is expected to wrap up Thursday in the criminal racketeering trial of Sung Kook “Bill” Hwang over the 2021 collapse of his $36 billion fund Archegos Capital Management, setting the stage for…
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May 8 (Reuters) – Online brokerage Robinhood Markets (HOOD.O), opens new tab beat estimates for first-quarter profit on Wednesday, thanks to robust crypto trading volumes and rate hikes that boosted its net interest revenue. The approval of the first spot bitcoin ETFs…
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May 8 (Reuters) – New York Community Bancorp (NYCB.N), opens new tab was the cheapest U.S. bank stock among lenders with more than $3 billion in assets for the second straight month, an analysis by S&P Global Market Intelligence showed on Wednesday.…
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RACINE, Wisconsin, May 8 (Reuters) – U.S. President Joe Biden on Wednesday unveiled plans by Microsoft Corp (MSFT.O), opens new tab to build a $3.3 billion data center in southeastern Wisconsin, drawing a sharp contrast to his Republican predecessor who had backed…
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NEW YORK, May 7 (Reuters) – Bankrupt Steward Health Care has put all of its 31 U.S. hospitals up for sale, hoping to finalize transactions by the end of the summer to address its $9 billion in total liabilities, its…
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FRANKFURT, May 7 (Reuters) – A Moscow court has authorized the seizure of some 12.4 million euros ($13.34 million) of assets held in Russia by a European subsidiary of JPMorgan (JPM.N), opens new tab and Germany’s Commerzbank (CBKG.DE), opens new tab, it said…
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LondonCNN — UBS has reported its first quarterly profit since buying ailing rival Credit Suisse, marking a sharp turnaround from six months of losses that immediately followed the closure of the rescue deal. Shares in the Swiss lender surged 10% in Zurich Tuesday after…
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Hong Kong is expanding its market outreach in the Middle East by linking up with the investment authority in oil-rich Qatar, paving the way for future cooperation and strategic alliances between the two financial hubs. The Financial Services Development Council (FSDC) and…
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