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Chinese firms pull back from listing in the U.S. as Hong Kong IPOs see a surge
Chinese companies have pulled back from listing in the U.S. this year in a clear pivot to Hong Kong amid rising tensions between Beijing and Washington, and higher regulatory thresholds in New York. Chinese initial public offerings in the U.S. have slumped 4% year-on-year in terms of deal value so far this year, raising just […]
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Iraq pledges to end $4 billion gas imports from Iran by 2028 as it races to diversify beyond oil
BAGHDAD — Iraq’s Prime Minister Mohammed Shia Al-Sudani said he hopes to end the country’s $4 billion reliance on Iranian gas by 2028, in an effort to diversify the major oil-producer’s economy. Decades of mismanagement, underinvestment and corruption have strained the power grid of Iraq, which is OPEC’s second-largest oil producer after Saudi Arabia. Gas […]
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Stocks making the biggest moves premarket: JPMorgan Chase, Goldman Sachs, General Motors, Energy Fuels and more
Check out the companies making headlines before the stock market’s opening bell: JPMorgan Chase — Shares ticked higher by 0.2% after JPMorgan Chase results topped analyst estimates ; trading revenue hit a record of nearly $9 billion. Goldman Sachs — The investment bank fell 0.3% after Goldman exceeded Wall Street estimates on better-than-expected investment banking […]
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Tata Electronics acquires Chinese iPhone supplier Justech’s India unit for about $100 million, sources say
Key Points Tata Electronics has acquired Chinese industrial firm Justech Precision’s India unit for close to $100 million, according to two people familiar with the matter. Tata Electronics has sought to expand iPhone manufacturing capacity as Apple reportedly aims to make all of the iPhones for the U.S. market in India by end-2026. Apple is […]
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First Brands’ implosion is ripping through private credit – and lenders are scrambling to contain the fallout
The collapse of U.S. auto parts maker First Brands Group is reverberating across the banking sector on both sides of the Atlantic. The company’s rapid demise – which is now unravelling a maze of complex debt agreements held with a range of lenders and investment funds globally – highlights the risks associated with private credit’s […]
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Stocks making the biggest moves premarket: Applied Digital, Mosaic Levi Strauss & more
Check out the companies making headlines before the opening bell : Applied Digital — Shares surged 30% after the datacenter builder reported that revenue in its fiscal first quarter was up 84% from the comparable period in the prior year. Stellantis — The French-Italian-American automaker reported a 13% rise in third-quarter shipments, prompting shares to […]
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AMD is rallying day two after a very bullish call from Wall Street
AMD shares were jumping again on Tuesday, a day after its market-moving partnership with OpenAI was announced, as Jefferies ratcheted up the chipmaker’s stock price target and upgraded it to boot. Jefferies upgraded AMD to buy from hold and raised its price target to $300 from $170. The new target represents nearly a 50% gain […]
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Stocks making the biggest moves premarket: AMD, Comerica, Micron Technology & more
Check out the companies making headlines before the bell: AMD — The chipmaker surged more than 23% following a deal reached by OpenAI and Advanced Micro Devices that could see the ChatGPT parent take a 10% stake in AMD. Comerica , Fifth Third Bancorp — Fifth Third Bancorp announced a $10.9 billion all-stock deal to […]
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U.S. tech giants hit pause on India data center deals under weight of trade uncertainty
Key Points U.S. technology companies are delaying their decisions to lease large data centers in India. New deals for data centers have been on hold for over two months, a source told CNBC. Hyperscalers may revisit their plans within the next three to six months. U.S. technology companies are delaying their decisions to lease large data centers in India, jittery from […]
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Private equity’s retail rush is alarming its institutional backers: ‘Bigger issues down the road’
SINGAPORE — For decades, private markets have been the preserve of pension funds, endowments and sovereign wealth giants. Now, that exclusivity is fading. More wealthy individuals are getting invited into a once-closed club reserved for long-term investments from large institutions — and that is ruffling feathers. The trend has been described by experts as the […]
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