Tencent-backed artificial intelligence (AI) drug researcher QuantumPharm is raising up to HK$1.13 billion (US$144.5 million) in a Hong Kong initial public offering (IPO) from Tuesday, eyeing the first listing under a new regime for pre-revenue specialist technology firms that was…
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A look at the day ahead in U.S. and global markets from Mike Dolan With a still-powerful “buy the dip” instinct in stocks, U.S. markets are having a rare bout of jitters about a slowing economy – with Treasury yields, the dollar…
Read moreDays after BHP Group failed to secure the $49 billion takeover of smaller rival Anglo American Plc, investors have one message for Chief Executive Mike Henry — keep your cool. BHP argues it showed restraint in the battle for Anglo, a welcome attribute…
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BERLIN, June 3 (Reuters) – German state lender KfW (KFW.UL) has sold 110 million shares in Deutsche Telekom (DTEGn.DE), opens new tab for 2.5 billion euros ($2.7 billion), it said on Monday, as part Berlin’s plans to sell holdings in companies to…
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A Reddit account linked to the meme-stock folk hero posted for the first time in years over the weekend, with a screenshot showing a $116 million position in GameStop stock, plus a big options bet. GameStop shares soared roughly 80% in…
Read moreThe spot ether exchange-traded fund (ETF) launched by Chinese fund manager ChinaAMC saw more than HK$5 million (US$640,780) in net inflows as of mid-day Wednesday, after reaching HK$3.77 million on Tuesday, the largest since launch, as investors anticipate US approval…
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The regulators of Hong Kong and Saudi Arabia will explore ways to cross-list exchange traded funds (ETFs) and foster two-way fund flows, according to the Securities and Futures Commission (SFC). The SFC said on Monday that it was looking into…
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WASHINGTON, June 3 (Reuters) – The U.S.-led Indo-Pacific Economic Framework is holding a ministerial meeting this week in Singapore, including major firms joining a “Clean Economy” investor forum to boost infrastructure and climate investments across the region. It marks the…
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MOSCOW, June 1 (Reuters) – The Russian government has softened requirements for mandatory sales of foreign currency for exporters if more than half of the value of their contracts is paid in roubles, according to changes, opens new tab to a government…
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ZURICH, May 31 (Reuters) – UBS (UBSG.S), opens new tab on Friday completed the merger of the main parent companies of the Swiss bank and Credit Suisse, which it acquired last year after its longtime rival collapsed, putting an end to one…
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