By Clare Jim HONG KONG (Reuters) – Shares in major Hong Kong property developer New World Development plunged 13% after it estimated a net loss of as much as HK$20 billion ($2.6 billion) for the[...]
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Hedge funds bet against banks, insurance and property, says Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Hedge funds continued to take bets against bank and financial stocks in the week to Friday, Goldman Sachs wrote in a note seen by Reuters on Monday, amid rep[...]
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Brazil top court justices to vote on Monday on X ban
BRASILIA (Reuters) – A five-member panel of Brazil’s Supreme Court will vote on Monday whether to uphold Justice Alexandre de Moraes’ ruling to shut down social media platform X in t[...]
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Euro zone August factory activity stuck in a rut, PMI shows
LONDON (Reuters) – Euro zone manufacturing activity remained mired in contraction in August, a survey showed on Monday, with the data suggesting a recovery could be some way off as demand fell a[...]
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Downturn in German manufacturing accelerates, PMI shows
By Maria Martinez BERLIN (Reuters) – The downturn in Germany’s manufacturing sector, which accounts for about a fifth of Europe’s biggest economy, continued to gather pace in August,[...]
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How does PDD stack up against other big China e-ecommerce firms?
By Casey Hall SHANGHAI (Reuters) -Shares of China’s biggest e-commerce companies – Alibaba, JD.com and PDD Holdings – were dumped earlier this week on worries about pressure on their[...]
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Alstom closes sale of N.American signalling business to Knorr-Bremse
(Reuters) – French train maker Alstom said on Monday it had completed the sale of its North American conventional signalling business to Knorr-Bremse for $690 million. “Closing of the sale[...]
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Blackstone-led consortium nears $13.5 billion deal to acquire AirTrunk, source says
By Kane Wu and Gnaneshwar Rajan (Reuters) -A consortium led by Blackstone is nearing a deal to acquire Australian data centre group AirTrunk for A$20 billion ($13.53 billion) including debt, a person[...]
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Silicon Valley Bank exits China joint venture, local partner takes full control
(This Aug. 31 story has been corrected to clarify Silicon Valley Bank exited its China join venture, not that it was bought out by a local partner, in the headline and paragraph 3) BEIJING (Reuters)[...]
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