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IPO Taxi App Didi in US Largest Since Alibaba in 2014
The Chinese taxi app Didi Global has raised $4.4 billion with its IPO in New York. That's what insiders say to the news agencies Reuters and Bloomberg.
The company's valuation based on current share capital is more than $67…
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New Records Again at Wall Street Closing
At important stock market indicators in New York, records went into the books again on Tuesday, although minimal price gains. Investors seemed to put aside concerns about the perhaps overvaluation of some stocks.
But at the same…
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Renault Wants to Halve Battery Price in Ten Years
French car manufacturer Renault is aiming to reduce the cost of batteries for electric cars significantly.
In ten years, the company wants to pay half the current price per kilowatt-hour, CEO Luca de Meo said during an interview on…
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Chip Companies Put Nikkei at A Small Loss
The Tokyo stock exchange closed slightly lower on Monday. In particular, the chip companies were sold by the uninspiring trading session of the US tech gauge Nasdaq on Friday.
The other chief stock markets in the Asian region also…
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Nike and Virgin Galactic Shine High on Wall Street
Sports brand Nike and space company Virgin Galactic excel on the stock exchanges in New York on Friday. Nike presented very strong quarterly figures and positive expectations. Virgin Galactic has received approval from the FAA for…
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Brits Investigate Google and Amazon to Fight Fake Reviews
The British competition authority CMA has launched a formal investigation into fake reviews on Amazon and Google sites. The regulator suspects the American tech groups of being too lax against fake reviews.
In doing so, the…
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Records on Wall Street After Biden Infrastructure Deal Agreement
Stock markets in New York closed with gains on Thursday, with the broad S&P 500 and technology gauge Nasdaq soaring to new all-time highs. Sentiment on Wall Street was supported, among other things, by an agreement reached by US…
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New WTO Complaint Over China-Australia Conflict
China has sued Australia at the World Trade Organization (WTO). Beijing finds punitive charges imposed by the Australian government against the People's Republic unjustified.
It is already the third case between the two countries…
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