Tag: billion
Toyota Sells $2 Billion in Cross-Held Listed Shares in FY2023/24
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Toyota (NYSE: TM) has disclosed in a regulatory filing that it sold $2 billion worth of cross-shareholdings of listed companies during the fiscal year...
ByteDance Collaborates with Broadcom to Develop Advanced AI Chip
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China's ByteDance is partnering with U.S. chip designer Broadcom (NASDAQ) to develop a cutting-edge AI processor, according to sources familiar with the matter. This...
European Shares Rally on Autos and Banks Boost; Focus on French Elections
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European shares kicked off the week positively, buoyed by gains in the automobile and banking sectors. As of 0838 GMT, the pan-European STOXX 600...
RXO to Acquire UPS’s Coyote Logistics for $1 Billion, Shares Surge
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United Parcel Service (NYSE:UPS) announced on Sunday that it will sell its Coyote Logistics unit to RXO (RXO) for $1.025 billion. The news prompted...
Nvidia’s Soaring Stock Raises Questions for Investors
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The remarkable rise in Nvidia Corp's (NASDAQ:NVDA) stock has investors pondering whether to lock in gains, stay invested for further growth, or jump into...
Chinese Automakers Dominate Southeast Asia’s Growing Electric Vehicle Market
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Southeast Asia is witnessing a rapid surge in electric vehicle (EV) sales, with Chinese manufacturers like BYD and Vietnam's VinFast leading the charge and...
STOXX 600 Slips on Tech and Bank Weakness; Carlsberg Bid Rejected
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European shares declined on Friday, weighed down by losses in technology and banking sectors, while Danish brewer Carlsberg Group (CSE) faced a significant drop...
CPPIB and Temasek Back Arrowpoint Hedge Fund Launch in Singapore
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Arrowpoint Investment Partners, one of the notable hedge fund launches in Asia this year, has garnered significant backing from prominent investors, including the Canada...
Guzman Y Gomez Shares Surge 36% in Australia’s Biggest IPO of the Year
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Guzman Y Gomez (GYG), the popular Mexican food chain, made a remarkable debut on the Australian stock exchange, marking the country's most successful initial...
India’s Vedanta to Raise $120 Million via Debt Issue
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Vedanta Limited (NYSE: VEDL), the Indian conglomerate spanning metals to oil, announced plans to raise up to 10 billion rupees (approximately $120 million) by...
Nvidia’s Growth Prospects Justify Price Target Increase, Analysts Say
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Nvidia (NASDAQ:NVDA) has seen its longer-term growth prospects and profitability metrics bolstered, prompting analysts at Stifel to revise their price target for the artificial...
Chegg Announces Major Job Cuts in Restructuring, Shares Soar 19%
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Shares of Chegg (NYSE) surged more than 19% in after-hours trading following the announcement of a major restructuring plan, which includes cutting 23% of...