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FIGS gets $4.57B valuation in debut
Thu, 27 May 2021 22:17:02 GMT
 
On Thursday, FIGS Inc's shares soared almost 29% in the market debut, valuing the medical scrubs and face masks maker at $4.57B, indicating strong investor interest following a surge in >>
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Mexico economy contracts
Thu, 27 May 2021 20:29:13 GMT
 
The economy of Mexico contracted 3.6% in the first three months of 2021, compared to the same period in 2020, the National Institute of Statistics reports. >>
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Global automakers set up China site to store data
Thu, 27 May 2021 19:00:08 GMT
 
On Thursday, Ford, Daimler and BMW announced that they have established a site in China to store car data locally. >>
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US weekly unemployment claims hit 14-month low
Thu, 27 May 2021 18:00:06 GMT
 
As reported by the US Labor Department on Thursday, the number of Americans filing for new unemployment benefits declined by 38,000 to a seasonally adjusted 406,000 last week. >>
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Dow, S&P 500 edge higher
Thu, 27 May 2021 17:00:07 GMT
 
Wall Street's main indexes edged higher on Thursday. At 9:43 a.m. ET, the Dow Jones Industrial Average was up by 259.35 points or 0.76%, while the S&P 500 inched higher >>
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Hyundai to trim combustion engine line-up
Thu, 27 May 2021 16:00:07 GMT
 
Hyundai Motor Group will cut the combustion engine line-up, as part of its plan for further electric vehicle investment, the South Korean carmaker told Reuters. >>
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Airbus raises jet production targets
Thu, 27 May 2021 15:00:07 GMT
 
On Thursday, Airbus has raised its jet output targets in a bet on the global aviation recovery, strengthening its position ahead of negotiations with suppliers over investment needed for aviation >>
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Boeing to pay $17M in penalties to FAA
Thu, 27 May 2021 14:00:08 GMT
 
Boeing is set to pay $17M in penalties in the Federal Aviation Administration settlement over its NG and 737 MAX jets, which had unapproved equipment installed. >>
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HSBC withdraws US retail banking
Thu, 27 May 2021 13:01:50 GMT
 
On Thursday, HSBC announced it would exit from the loss-making US retail banking by selling its unprofitable business and shifting its focus to Asia, its largest market. >>
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India's Paytm aims at $3B IPO
Thu, 27 May 2021 12:23:06 GMT
 
Paytm, the Indian fintech start-up, is targeting around 218B rupees ($3.0B) in its planned initial public offering late this year, according to a Bloomberg News report. >>
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Foxconn plans stake buy in DNeX
Thu, 27 May 2021 10:52:49 GMT
 
Taiwanese company Foxconn Technology has entered talks to purchase a stake in Dagang NeXchange (DNeX),the Malaysian technology firm, after losing its bid for the DNeX-owned semiconductor maker, Bloomberg reports. >>
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EasyJet founder's family gives away small stake
Thu, 27 May 2021 09:43:59 GMT
 
The UK airline easyJet founder's family has sold its small stake in the airline, cutting the Haji-Ioannou family's shares from 26.7% to 25.3%, according to a regulatory filing. >>
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CBA introduces new app feature
Thu, 27 May 2021 08:43:52 GMT
 
On Thursday, Commonwealth Bank of Australia became the first lender among the country's "Big Four" to allow its customers to check other bank account balances via its app. >>
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Lenovo's Q4 profit tops forecasts
Thu, 27 May 2021 08:21:58 GMT
 
On Thursday, China's Lenovo Group reported a 512% surge in its Q4 profit, beating expectations, on higher demand for the company's personal computers amid the pandemic. >>
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Nvidia sees Q2 revenue above forecasts
Thu, 27 May 2021 06:41:06 GMT
 
Nvidia is expecting the current-quarter revenue to beat analysts' forecasts, betting on higher demand for the company's flagship artificial intelligence and gaming chips for data centres. >>
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