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Asian shares slump, dollar firms ahead of central bank rate hikes

https://tmsnrt.rs/2zpUAr4 Japan’s Nikkei down 0.2%; Hong Kong shares down 2.2% Dollar Drifts Higher; European futures point to a lower open US CPI Tuesday, Fed meeting Wednesday ECB and BOE rate decisions on Thursday SYDNEY, Dec 12 (Reuters) – Asian stocks tumbled and the dollar strengthened on Monday at the start of a turbulent week as …

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Blackstone’s $69 bln REIT curbs redemptions in blow to property empire

NEW YORK, December 2 (Reuters) – Blackstone Inc. (BX.N) limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday after a spike in redemption requests, an unprecedented blow for a franchise that has helped it grow into an asset management giant. The brakes came because redemptions hit pre-set limits, rather than …

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Wall Street rises as Fed signals slowdown in rate hikes

Growth stocks rebound as Treasury yields fall Tesla leaps as Citigroup modernizes Nordstrom falls on reduced earnings forecast Dow Jones Industrial closed at the highest level since April Dow up 0.28%, S&P 500 up 0.59%, Nasdaq up 0.99% Nov 23 (Reuters) – Major Wall Street indexes ended Wednesday with strong gains after minutes from the …

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Gamers lament end of Warcraft in China as Blizzard and NetEase part ways

November 17 (Reuters) – Blizzard Entertainment (ATVI.O) and NetEase (9999.HK) caused consternation among thousands of gamers on Thursday by saying hits such as ‘World of Warcraft’ will not be available in China from next year as a 14-year partnership ended. NetEase shares closed 9% lower in Hong Kong after Blizzard said it was unable to …

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Amazon laid off some devices unit staff as it targets 10,000 cuts

November 16 (Reuters) – Amazon.com Inc. (AMZN.O) said on Wednesday it laid off some employees in its device group, with a person familiar with the company saying it was still targeting around 10,000 job cuts, including in its retail division and human resources. The announcement, Amazon’s first since news outlets including Reuters announced its layoff …

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Elon Musk sells Tesla shares worth $3.95 bln days after Twitter deal

Nov. 8 (Reuters) – Tesla Inc. (TSLA.O) Boss Elon Musk sold $3.95 billion worth of shares in the electric vehicle maker, according to regulatory filings, days after closing the $44 billion deal for Twitter Inc. The latest sale brings the total Tesla shares Musk has sold to around $36 billion since November last year, leaving …

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Apple earnings rise as economic gloom hits tech

Oct. 27 (Reuters) – Apple Inc. (AAPL.O) Revenues and profits beat Wall Street targets on Thursday, one of the few bright spots in a tech sector battered by inflation-driven spending cuts. Forecasts for the holiday quarter were bleaker. Without providing specific numbers, Apple said revenue growth would fall below 8% in the December quarter, but …

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Credit Suisse pays $495 mln to settle legacy U.S. case

Settlement ends bank’s largest ongoing RMBS deal Credit Suisse says settlement is fully covered by provisions The bank still has five cases to solve Expects to resolve outstanding cases within the next six months ZURICH, October 17 (Reuters) – Credit Suisse (CSGN.S) agreed to pay $495 million to settle a case related to mortgage-related investments …

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U.S. grocer Kroger carts away Albertsons for $25 bln but faces antitrust test

Oct 14 (Reuters) – Kroger Co (KR.N) acquired Albertsons Cos Inc. (ACI.N) in a $25 billion deal on Friday, creating an American grocery giant to better compete with leader Walmart Inc (WMT.N) on pricing while bracing for antitrust scrutiny. The mega merger between the No. 1 and No. 2 autonomous grocers in the United States …

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