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VIDEO shows China’s 1st home-built aircraft carrier in action during sea trials

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A new video released by Chinese state TV shows fighter jets taking off from its first domestic-built aircraft carrier. The 77,000-ton Type 001A vessel is expected to be put into service as early as this year. The 30-second footage shows the carrier undergoing the fifth and latest of its trials, conducted from February 27 to Read More

Strong stock and bond markets at odds over global growth

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NEW YORK (Reuters) – It looks like something has to give in global markets. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2019. REUTERS/Brendan McDermid Stocks and bonds around the world have rallied atypically together since the start of the year, rewarding investors both bullish Read More

Tesla to shrink board to seven directors from 11

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(Reuters) – Tesla Inc said on Friday that four members of its eleven-member board would be leaving over the next two years, as the electric car company looks to streamline its board. FILE PHOTO: A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo Brad Buss, Antonio Gracias, Stephen Read More

Collapsed hedge fund Columna sues Permira-backed former managers

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LONDON (Reuters) – The new managers of Columna Commodities Fund, a Luxembourg hedge fund which went into liquidation in early 2017, have said they are suing its former managers Alter Domus for $56 million in lost assets and fees. Columna, launched in 2013, was a top-performing fund in a stable known as LFP I SICAV, Read More

Amazon, facing entrenched rivals, says to shut China online store

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SAN FRANCISCO/BEIJING/HONG KONG (Reuters) – Amazon.com Inc said it will shut its China online store by July 18, as the U.S. e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world’s most populous nation. The move underscores how entrenched, home-grown e-commerce rivals have made it difficult for Amazon’s Read More

Asian shares off nine-month peak, European PMIs in focus

5 days ago DieselGasoil Comments Off on Asian shares off nine-month peak, European PMIs in focus
TOKYO (Reuters) – Asian shares slipped on Thursday after losses on Wall Street but trade was subdued as investors awaited business surveys in Europe and largely stayed on the sidelines ahead of the long Easter weekend holiday. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Read More

Surge Energy Inc. Announces $30 Million Convertible Debenture Financing

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CALGARY, Alberta, April 17, 2019 (GLOBE NEWSWIRE) — THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce that it has entered into a $30 million bought-deal financing (the “Convertible Debenture Financing”) of five-year convertible unsecured Read More

CWT International defaults on $179 million loan, parent HNA sees no impact on business

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HONG KONG (Reuters) – CWT International Ltd, a unit of China’s indebted HNA Group Co Ltd, said on Tuesday it defaulted on a HK$1.4 billion ($179 million) loan, and that it has less than 24 hours to pay funds due or lose assets pledged as collateral. FILE PHOTO: The HNA Group logo is seen on Read More

Hulu spends $1.43 billion to buy back AT&T stake, values streaming service at $15 billion

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(Reuters) – Hulu has bought back wireless carrier AT&T Inc’s stake in the U.S. entertainment streaming service for $1.43 billion, in a deal that values Hulu at $15 billion, the two companies said on Monday. The sale of AT&T’s 9.5 percent stake to Hulu in a cash deal gives Walt Disney Co, which holds a Read More

Corvex’s Meister likes Diamondback Energy after it bought Energen

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FILE PHOTO: Keith Meister, Managing Partner and Chief Investment Officer of Corvex Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid/File Photo BOSTON (Reuters) – Hedge fund manager Keith Meister on Tuesday named energy company Diamondback Energy Inc. as one of Corvex Management’s top investment ideas after Read More