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SoftBank to gain $34 billion from cutting Alibaba stake

SoftBank Group Corp (9984.T) said on Wednesday it would book a gain of $34.1 billion by cutting its stake in Alibaba Group Holding (9988.HK), as the investment behemoth looks to

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Deep U.S. curve inversion hastens the recession it predicts: McGeever

An inverted U.S. Treasury yield curve almost always heralds recession, but the yawning gap between high short-term funding costs and falling long-term borrowing rates may accelerate the economic downturn it

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Citigroup’s Russia exposure climbs on rouble surge

Citigroup Inc said its total exposure to Russia rose by $500 million in the second quarter due to a rise in the value of the rouble. The Wall Street bank

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Rosneft says Sakhalin-1 oil, gas project output has not resumed

Russia accused U.S. energy major ExxonMobil on Thursday of unilaterally stopping oil production at a Pacific joint venture, raising the stakes in a standoff with the western oil company which

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Satellite maker SES’s shares slump on merger speculation

Satellite company SES’s , Paris-listed shares slumped as much as 10% on Thursday after the Financial Times reported it was in talks with U.S. rival Intelsat about a possible merger.

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Warner Bros Discovery expected to unveil new streaming strategy

Warner Bros Discovery Inc (WBD.O) is expected to discuss the new streaming strategy for the merged company on Thursday when it reports second-quarter earnings, four sources familiar with the plans

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Hong Kong’s cheap funding window shrinks as banks feel cash tighten

Investors who have exploited Hong Kong’s cheap interest rates all year to fund other trades globally are finding that the window is closing as local cash conditions tighten and the

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