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Tyson Foods CEO resigns
Wed, 02 Jun 2021 14:00:09 GMT
 
On Wednesday, Tyson Foods announced its CEO Dean Banks is set to step down from his role, marking personal reasons, and will be succeeded by Donnie King, the company's operations >>
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SoftBank considers investment in Kitopi
Wed, 02 Jun 2021 13:00:09 GMT
 
SoftBank Group has entered talks over a potential investment in the latest funding round of Kitopi, the Dubai-based "cloud kitchen", via its technology fund, according to Reuters. >>
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Etsy to acquire Depop for $1.63B
Wed, 02 Jun 2021 11:52:04 GMT
 
On Wednesday, Etsy announced its planned acquisition of Depop, the Gen-Z aimed fashion reseller, in a deal worth $1.63B, as it seeks to lure more younger shoppers. >>
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StanChart to roll out crypto trading platform
Wed, 02 Jun 2021 11:30:37 GMT
 
Standard Chartered's unit is planning to launch a cryptocurrency trading platform in Europe and Britain, deemed for institutional clients, the lender announced on Wednesday. >>
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AMC share price surges
Wed, 02 Jun 2021 09:58:35 GMT
 
Prior to Wednesday's US trading hours, the stock price for AMC surged in pre-market, as the price gained 28%. >>
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Zoom sees upbeat quarterly revenue
Wed, 02 Jun 2021 09:00:13 GMT
 
Zoom Video Communications is expecting its current-quarter revenue to be above forecasts, as hybrid work models' rapid adoption by companies is likely to drive robust demand for Zoom's video conferencing >>
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AB Volvo may distribute sale proceeds
Wed, 02 Jun 2021 08:00:08 GMT
 
The board of Volvo has proposed to distribute the proceeds from its UD Trucks sale to shareholders, according to the Swedish truckmaker's statement made late on Tuesday. >>
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China, US hold economic talks
Wed, 02 Jun 2021 06:54:09 GMT
 
Liu He, China's Vice Premier, has held economic talks with Janet Yellen, the US Treasury Secretary, in the Chinese official's second virtual call during this week. >>
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TSMC to build Arizona chip factory
Wed, 02 Jun 2021 06:36:57 GMT
 
Taiwan Semiconductor Manufacturing Co has launched the site construction in Arizona where the company plans to spend as much as $12B to build its chip factory, according to CEO's statement. >>
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EZ inflation surges past ECB's elusive target
Wed, 02 Jun 2021 05:00:08 GMT
 
According to data from Eurostat, Eurozone inflation accelerated to 2% in May, above the European Central Bank's target. >>
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Musk comments on Tesla's car price increase
Wed, 02 Jun 2021 04:00:06 GMT
 
Tesla's Chief Executive Officer Elon Musk said that the reason why the cost of Tesla vehicles is increasing was due to major supply chain price pressure industry-wide. >>
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US construction spending increases in April
Wed, 02 Jun 2021 03:00:06 GMT
 
As reported by the US Commerce Department said on Tuesday, the US construction spending expanded by 0.20% in April. >>
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US factory activity picks up last month
Wed, 02 Jun 2021 02:00:07 GMT
 
According to the Institute for Supply Management, the US manufacturing activity rose to a reading of 61.20 in May. >>
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Pembina to buy Canada's Inter for $6.9B
Tue, 01 Jun 2021 20:00:05 GMT
 
Pembina Pipeline agreed to buy Inter Pipeline for nearly $6.9B in an all-stock deal, which will create one of the biggest energy companies in Canada. >>
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Coinbase partners with Google, Apple wallets
Tue, 01 Jun 2021 19:04:18 GMT
 
Coinbase Global launched cooperation with Apple and Alphabet's Google, which will allow users to add cards from the accounts to the payment applications of two tech giants. >>
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