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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Hong Kong kept the city’s key interest rate unchanged for the sixth consecutive time in lockstep with the Federal Reserve’s overnight decision, as stubborn inflation in the United States pushed back expectations of a rate cut to September. The Hong Kong Monetary…
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