Tiger Global raised stakes in some tech names battered by year's rout -filing

Investment firm Tiger Global, which has lost billions of dollars in this year's technology stock meltdown, increased its stakes during the first quarter in several companies that have been especially hard hit by the selloff, a regulatory filing shows.

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16-05-2022

United Airlines lifts second-quarter revenue forecast

United Airlines Holdings Inc on Monday raised its revenue estimate for the current quarter despite trimming capacity, underscoring a booming travel demand.

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16-05-2022

Explainer-What happened with Abbott baby formula that worsened a U.S. shortage?

Abbott Laboratories, the biggest U.S. supplier of powder infant formula including Similac, initiated a recall and closed its Sturgis, Michigan, manufacturing plant earlier this year after reports of serious bacterial infections in four infants.

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16-05-2022

Eni to open bank accounts to pay for Russian gas after EU clarification - sources

MILAN (Reuters) -Italian energy group Eni will open bank accounts this week to pay for Russian gas after clarification that such a move will not breach sanctions, two sources said on Monday.

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16-05-2022

Eni to open accounts for Russian gas after EU clarification - sources

Italian energy group Eni will open accounts this week to pay for Russian gas after clarification such a move will not breach sanctions, two sources said on Monday.

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16-05-2022

U.S. eyes baby formula imports amid nationwide shortage

WASHINGTON (Reuters) -U.S. health regulators will announce action on baby formula imports as soon as Monday to address a nationwide shortage that has left parents scrambling to feed their babies, the Food and Drug Administration's chief said.

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16-05-2022

Aircraft lessor SMBC to buy rival Goshawk in $6.7 billion deal

SMBC Aviation Capital agreed on Monday to buy smaller rival Goshawk Aviation for an enterprise value of $6.7 billion in a deal it said would make it the world's second largest aircraft lessor by number of aircraft.

newspaper

16-05-2022

Russia gives Credit Bank of Moscow licence to export gold

Credit Bank of Moscow (MKB), one of Russia's largest private lenders, has obtained a gold export licence from the government, it said on Monday, becoming the latest Russian bank to turn to precious metals trade to offset the impact of sanctions.

newspaper

16-05-2022