By Dawn Chmielewski (Reuters) – Private equity firm Apollo Global Management has offered $11 billion for Paramount Global’s Paramount Pictures film studio, a person with knowledge of the o[...]
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March 21, 2024
Morning Bid: Three meetings down, bring on the rest
A look at the day ahead in European and global markets from Tom Westbrook Central bank meetings in Sydney, Washington and Tokyo concluded this week with, respectively, few surprises, little changed an[...]
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Factbox-As US moves towards faster stock settlement, where are other countries?
By Laura Matthews and Sinead Cruise (Reuters) – The U.S. Securities and Exchange Commission adopted a rule in February 2023 to shorten the settlement cycle for securities transactions from two b[...]
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Alibaba’s former CEO Daniel Zhang to join Firstred Capital as managing partner
By Selena Li and Brenda Goh HONG KONG/SHANGHAI (Reuters) – Alibaba Group’s former CEO Daniel Zhang will join Firstred Capital as managing partner, Firstred Capital said on Thursday, six mo[...]
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Exclusive-AI startup Cohere seeks $5 billion valuation in latest fundraising, source says
By Krystal Hu (Reuters) – Cohere, an artificial intelligence startup that develops foundation models to compete with ChatGPT creator OpenAI, is in advanced talks to raise $500 million at a valua[...]
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Japan’s factory activity declines slow, service sector picks up
TOKYO (Reuters) – Japan’s factory activity shrank at a slower pace in March, while further expansion in the service sector supported overall growth in the private sector, a business survey[...]
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BOJ chief vows to keep monetary stimulus, nods to price momentum
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda on Thursday vowed to keep supporting the economy with ultra-loose monetary policy but signalled confiden[...]
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Limited competition for personal banking services in New Zealand, report says
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s four major banks provide limited competition for personal banking services due to price-matching strategies and a lack of disruptive fo[...]
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Intel readies for $100-billion spending spree across four US states
By Stephen Nellis SANTA CLARA, California (Reuters) -Intel is planning a $100-billion spending spree across four U.S. states to build and expand factories after securing $19.5 billion in federal grant[...]
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