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UiPath stock surges over 23%
Thu, 22 Apr 2021 06:51:18 GMT
 
The software maker UiPath's shares skyrocketed as much as 23.21% in their NYSE debut on Wednesday, signalling rising demand for high-growth technology stocks. >>
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PicPay files for Nasdaq IPO
Thu, 22 Apr 2021 06:31:38 GMT
 
Batista brothers' Brazilian fintech start-up PicPay filed for an IPO on Nasdaq with the US SEC, an official filing showed. >>
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Daimler slashes hours for 18K workers
Thu, 22 Apr 2021 04:00:10 GMT
 
Daimler is set to slash working hours for nearly 18.5K employees and temporarily suspend production at two factories in Germany amid a semiconductor chip shortage that hit global car production. >>
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UiPath gets $34B valuation in NYSE debut
Thu, 22 Apr 2021 03:00:09 GMT
 
Automation technology startup UiPath's shares surged nearly 17% in their NYSE debut, giving the company a $34B market value. >>
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BoC signals rate hikes in late 2022
Wed, 21 Apr 2021 21:00:08 GMT
 
The Bank of Canada signalled that it would start raising interest rates in 2022 after it boosted the outlook for the country's economy and reduced the scope of the bond-buying >>
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Airbus reorganises aero parts manufacturing
Wed, 21 Apr 2021 20:25:27 GMT
 
Airbus launched the reorganisation of its production network, with large-parts activities restructured in Germany and France, and some small-parts manufacturing hived off before the potential sale. >>
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Accor revenues fall markedly in Q1
Wed, 21 Apr 2021 19:43:13 GMT
 
France's hotel group Accor stated that its consolidated Q1 revenues totalled €361M, down 53% from €768M in 2020. >>
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Spotify slips 3% after Apple unveils podcasts
Wed, 21 Apr 2021 18:43:30 GMT
 
Spotify shares dropped almost 3% on Wednesday after its rival Apple unveiled a new offer of paid subscriptions for podcasts. >>
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Oracle shares fall after losing cloud deal
Wed, 21 Apr 2021 18:30:50 GMT
 
Oracle shares declined 3% after missing a project to supply cloud services for Israel, as the government chose Google and Amazon Web Services over Microsoft, Oracle and IBM. >>
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China seeks product quality from Tesla
Wed, 21 Apr 2021 17:00:09 GMT
 
On Wednesday, the Chinese market regulator called on the US electric carmaker Tesla to ensure its product quality after an incident that took place at the auto show in Shanghai >>
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BoC causes short move
Wed, 21 Apr 2021 15:42:32 GMT
 
The USD/CAD dropped by almost 150 pips due to the strengthening of the Canadian Dollar, following the Bank of Canada rate statement made earlier on Wednesday. >>
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S. Africa inflation rises
Wed, 21 Apr 2021 15:20:21 GMT
 
South Africa's annual inflation rate increased to 3.2% in March from 2.9% in February, data published by the Statistics South Africa show. >>
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US Dollar remains firm
Wed, 21 Apr 2021 14:00:09 GMT
 
During Wednesday's trading, the value of US Dollar extended the recovery, which started in the aftermath of hitting a seven week low level. >>
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US markets open flat
Wed, 21 Apr 2021 13:00:06 GMT
 
Prior to the start of US trading, it was expected that the US markets would open near or at the closing prices of yesterday despite a drop in oil prices. >>
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Vision Fund likely to post record earnings
Wed, 21 Apr 2021 12:00:08 GMT
 
SoftBank Group's $100B Vision Fund is likely to report record earnings as soon as May 12, mostly boosted by the gain on the company's stake in Coupang, South Korea's e-commerce >>
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