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Fast-fashion giant Shein shrinks value to up to $27 billion in Hong Kong IPO

Fast-fashion giant Shein shrinks value to up to $27 billion in Hong Kong IPO

By Yantoultra Ngui and Kane Wu HONG KONG, Aug 24 (Reuters) - Shein aims to raise up to $1.8 billion in a Hong Kong IPO that values the fast-fashion retailer roughly 70% below its private-market peak four years ago, with a slower growth outlook set to weigh on investor demand.

Fast fashion giant Shein valued at up to $27 billion in Hong Kong IPO

Fast fashion giant Shein valued at up to $27 billion in Hong Kong IPO

HONG KONG, Aug 24 (Reuters) - Online fast-fashion retailer Shein will be valued at up to $27 billion as it aims to raise up to HK$13.86 billion ($1.77 billion) in its Hong Kong initial public offering launched on Monday, according to the firm's filings.

Target shares drop 5% after Halloween costume backlash

Target shares drop 5% after Halloween costume backlash

Aug 25 (Reuters) - Target shares dropped about 5% in early trading a day after the company apologized for and rolled back a Halloween costume that critics said evoked Blackface and minstrel shows.

Canadian lenders BMO, Scotiabank beat profit estimates, brush aside tariff worries

Canadian lenders BMO, Scotiabank beat profit estimates, brush aside tariff worries

By Nivedita Balu and Prakhar Srivastava Aug 25 (Reuters) - Canadian lenders Bank of Montreal and Bank of Nova Scotia on Tuesday beat quarterly profit estimates, driven by strength in their capital markets and domestic businesses, as bank CEOs brushed aside the impact of U.S.

Walmart stock price target reset by JPMorgan after earnings

Walmart stock price target reset by JPMorgan after earnings

JPMorgan adjusted its Walmart stock price target after the retailers quarterly update.

Shein's pursuit of an IPO: From New York to London to Hong Kong

Shein's pursuit of an IPO: From New York to London to Hong Kong

Aug 24 (Reuters) - Online fast-fashion retailer Shein launched its long-awaited Hong Kong IPO on Monday, aiming to raise up to HK$13.86 billion ($1.77 billion) at a valuation of close to $27 billion.

Canadian lenders BMO, Scotiabank beat profit estimates

Canadian lenders BMO, Scotiabank beat profit estimates

Aug 25 (Reuters) - Canadian lenders Bank of Montreal and Bank of Nova Scotia on Tuesday beat quarterly profit estimates, driven by strength in their capital markets and domestic businesses, even as trade tensions between Canada and the U.S. persisted.

Target apologizes for children's clown Halloween costume after backlash

Target apologizes for children's clown Halloween costume after backlash

By Nicholas P. Brown and Neil J Kanatt Aug 24 (Reuters) - Target apologized on Monday and said it had pulled a Halloween costume from sale depicting a circus clown that critics said evoked Blackface and minstrel shows.

Foot Locker Opens Crenshaw Rec Store in South Los Angeles, Featuring Exclusive Nike Kobe 3 Low Protro

Foot Locker Opens Crenshaw Rec Store in South Los Angeles, Featuring Exclusive Nike Kobe 3 Low Protro

Foot Locker Opens Crenshaw Rec Store in South Los Angeles, Featuring Exclusive Nike Kobe 3 Low Protro

Walmart Stock Declines Post-Earnings Amidst Elevated Expectations and U.S. Sales Deceleration

Walmart Stock Declines Post-Earnings Amidst Elevated Expectations and U.S. Sales Deceleration

Walmart Stock Declines Post-Earnings Amidst Elevated Expectations and U.S. Sales Deceleration

Vise Technologies Inc. Invests $2.46 Million in Simon Property Group, Inc. Shares

Vise Technologies Inc. Invests $2.46 Million in Simon Property Group, Inc. Shares

Vise Technologies Inc. Invests $2.46 Million in Simon Property Group, Inc. Shares

B. Metzler seel. Sohn Co. AG Acquires 19,456 Shares in Simon Property Group, Inc.

B. Metzler seel. Sohn Co. AG Acquires 19,456 Shares in Simon Property Group, Inc.

B. Metzler seel. Sohn Co. AG Acquires 19,456 Shares in Simon Property Group, Inc.