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EXCLUSIVE Beijing gives first nod to revive Ant IPO after crackdown chills sources

Ant aims to file preliminary prospectus as soon as July – sources Ant needs CSRC guidance on when to file source prospectus Ant says there are no plans to relaunch its IPO statement Warburg Pincus valued Ant at $180 billion at the end of March HONG KONG, June 9 (Reuters) – China’s central management has …

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Stocks fall as sentiment dips on rate fears and yields rise

Investors cautious ahead of ECB meeting and US CPI data White House expects next inflation numbers to be high Crude hits 13-week high on rising US demand Global growth concerns sap investment sentiment NEW YORK, June 8 (Reuters) – U.S. and European stocks fell on Wednesday as prospects for a rate hike dampened sentiment, while …

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Asian stocks are buoyed by US futures, oil climbs

A man walks past a screen displaying a graph showing recent average movements in Nikkei stock outside a brokerage in Tokyo, Japan, December 30, 2020. REUTERS/Issei Kato/File Photo Join now for FREE unlimited access to Reuters.com Register Asian scholarships: Nikkei adds 0.3%, S&P 500 futures rise 0.4% Euro hits 7-year high against yen ahead of …

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Stocks squeeze slim gains, dollar climbs as inflation soars

The European STOXX 600 up 0.3% Banks and auto stocks gain Wall Street poised to reflect advances The dollar climbs to its highest in two weeks against the yen LONDON/SINGAPORE, June 1 (Reuters) – European stocks posted small gains on Wednesday as the dollar strengthened as investors worried about soaring inflation and the hit to …

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How a cheap component could help kill combustion cars

LONDON/BERLIN, May 30 (Reuters) – The humble wiring harness, a cheap component that bundles cables together, has become an unlikely bane of the automotive industry. Some predict that this could accelerate the fall of combustion cars. The auto part’s supply has been stifled by war in Ukraine, home to a large share of global production, …

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Zero-COVID, big money: China’s anti-virus spending boosts medicine, tech and construction

BEIJING, May 30 (Reuters) – China’s “zero-COVID” policy of constantly monitoring, testing and isolating its citizens to prevent the spread of the coronavirus has hit much of the country’s economy, but it has created growth bubbles in the medical, technology and construction sectors. The Chinese government, alone among major countries to have pledged to eradicate …

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Global stock markets rally, Treasury yields fall on inflation data

US consumer spending rises, rising inflation slows Wall Street rallies and ends a weekly losing streak Treasury yields fall Brent oil rises $2 NEW YORK, May 27 (Reuters) – Global markets enjoyed a broad-based rally on Friday as the yield on benchmark U.S. Treasuries fell after data showed U.S. consumer spending rose in April and …

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Alibaba suspends advice due to COVID risks; Resilient Q4 raises stock

The Alibaba Group logo is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter Join now for FREE unlimited access to Reuters.com Register Fourth-quarter adjusted profit of 7.95 yuan/share vs. estimate of 7.31 yuan/share Fourth-quarter revenue up 9% to 204.05 billion yuan from an estimate of 199.25 billion yuan Analysts say Q4 …

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European stocks rebound, Chinese rate move bolsters sentiment

LONDON, May 20 (Reuters) – Stocks rebounded on Friday after China slashed a key benchmark to support its economy, although a gauge of global equities remains set for its longest streak of weekly losses on record amid investor concerns about slowing growth and high inflation. China slashed its five-year prime lending rate (LPR) – which …

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Stock market rebound falters, UK inflation hits 40-year high

LONDON, May 18 (Reuters) – A rebound in equities petered out on Wednesday as concerns over the outlook for economic growth and rising inflation rattled sentiment, while a British inflation reading of 9 % highlighted just how much interest rates could rise. Asian stocks managed to post their fourth consecutive session of gains, but in …

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