Exclusive-China's Baidu in talks to sell majority stake in video streaming firm iQIYI -sources

China's internet search engine giant Baidu Inc is in talks to sell its controlling stake in iQIYI Inc, China's answer to Netflix, in a deal that could value all of iQIYI at about $7 billion, two people with knowledge of the matter said.

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15-06-2022

UK retailer WH Smith's quarterly revenue surpasses pre-pandemic levels

British retailer WH Smith said on Wednesday its revenue in the third quarter beat pre-pandemic levels for the first time as more people travel to work and tourists return.

newspaper

15-06-2022

Analysis-India looks to rains, not just rates, to cool hot inflation

As India faces a crippling surge in food and fuel prices, its policymakers will be counting mostly on this year's monsoon rains, not just interest rate hikes, to take inflationary pressure off the country's households and businesses.

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15-06-2022

Japan govt hopes BOJ takes 'necessary' action on yen, inflation

TOKYO (Reuters) -Japan's government hopes the central bank will take "necessary measures appropriately" in light of the yen's recent sharp falls and rising cost of living, Chief Cabinet Secretary Hirokazu Matsuno said on Wednesday.

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15-06-2022

Australian Federal Court approves Blackstone's $6.3 billion Crown Resorts deal

(Reuters) -Australia's Federal Court approved on Wednesday the $6.3 billion acquisition of the country's largest casino operator Crown Resorts Ltd by U.S. private equity giant Blackstone Inc.

newspaper

15-06-2022

Australia's Federal Court approves Blackstone's $6.3 billion Crown Resorts deal

Australia's Federal Court approved on Wednesday the $6.3 billion acquisition of the country's largest casino operator Crown Resorts Ltd by private equity giant Blackstone Inc.

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15-06-2022

Celsius hires lawyers to restructure business after freezing withdrawals - WSJ

Crypto lender Celsius Network LLC has hired restructuring attorneys from law firm Akin Gump Strauss Hauer & Feld LLP to advise on possible solutions for its mounting financial problems, the Wall Street Journal reported https://on.wsj.com/3zDL82U on Tuesday.

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15-06-2022

Fed risk drubs stocks; dollar, bond yields soar

World stocks fell for a second day in a row on Tuesday while government bond yields and the U.S. dollar clung to multi-year highs, as surging inflation led investors to brace for what could be the largest U.S. interest rate hike in 28 years this week.

newspaper

14-06-2022

U.S. and partners enter pact to secure critical minerals like lithium

WASHINGTON (Reuters) -The United States, Canada and other countries have established a new partnership aimed at securing the supply of critical minerals, which are essential for clean energy and other technologies, as global demand for them rises, the State Department said on Tuesday.

newspaper

14-06-2022