By Josh Ye HONG KONG (Reuters) – China’s Tencent Holdings said on Wednesday it would return capital to shareholders through a dividend distribution of its $20.3 billion stake in food deliv[...]
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Updated
Mercedes cuts some China electric car prices, shaking shares
BEIJING/FRANKFURT (Reuters) -Mercedes-Benz said it had cut prices on some of its EQE and EQS models in China due to changing market demand for top-end electric vehicles (EVs), triggering a 6.7% fall i[...]
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Finland’s Gasum says tribunal ruled it does not have to pay Gazprom in roubles
(Corrects description of Gasum to “energy provider” from “gas grid operator”) HELSINKI (Reuters) -Finnish energy provider Gasum said on Wednesday an arbitral tribunal had ruled[...]
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Special Report-FTX’s Bankman-Fried begged for a rescue even as he revealed huge holes in firm’s books
By Angus Berwick, Anirban Sen, Elizabeth Howcroft and Lawrence Delevingne (Reuters) – As customers withdrew billions of dollars from crypto exchange FTX one frantic Sunday this month, founder Sa[...]
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SpaceX mulling secondary share sale at $150 billion valuation -sources
By Krystal Hu and Eva Mathews (Reuters) -Elon Musk’s rocket and satellite company SpaceX is in talks about an offering of mostly secondary shares that could value the company at up to $150 billion, re[...]
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ECB promises “prudent” balance sheet cut as stability risks rise
FRANKFURT (Reuters) -Risks to the euro zone’s financial stability are on the rise as the economy heads for a likely recession so any reduction in the European Central Bank’s bond holdings[...]
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Musk’s all-nighters at Twitter raise concern for Tesla investors
By Hyunjoo Jin and Akash Sriram SAN FRANCISCO (Reuters) – In 2018, Elon Musk was working through the night and sleeping at Tesla Inc’s factories in California and Nevada as the company str[...]
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UK lenders seek more data as consumers squeezed, Experian says
By Pushkala Aripaka (Reuters) – Britain’s lenders are seeking more data on the finances of potential and existing customers as a cost-of-living squeeze raises the risk of borrowers struggl[...]
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FTX’s Bahamas unit seeks Chapter 15 bankruptcy protection -filing
(Reuters) – FTX’s Bahamas unit, FTX Digital Markets, is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, a court filing showed on Tuesda[...]
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