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Alibaba plans $10 billion Hong Kong share placement to fund AI spending

Alibaba plans $10 billion Hong Kong share placement to fund AI spending

Aug 23 (Reuters) - China's Alibaba said on Sunday it plans to sell HK$80 billion ($10.2 billion) in a share placement to fund artificial intelligence-related development.
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Alibaba launches $10 billion Hong Kong share placement to fund AI spending

Alibaba launches $10 billion Hong Kong share placement to fund AI spending

Aug 23 (Reuters) - China's Alibaba on Sunday launched a HK$80-billion ($10.2 billion) share placement to fund artificial intelligence-related development. A deal by the Chinese e-commerce and cloud computing giant would mark the largest-ever primary follow-on offering by a Hong Kong-listed company.
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Shares dither, oil slips in wait for US details of Iran sanctions

Shares dither, oil slips in wait for US details of Iran sanctions

By Wayne Cole SYDNEY, Aug 24 (Reuters) - Share markets were hesitant in Asia on Monday and oil prices eased as investors awaited details of threatened U.S. sanctions on Iran due later in the session, while the Canadian dollar dipped as a trade war loomed with its southern neighbour.
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Oppenheimer has a blunt Nvidia stock message ahead of earnings

Oppenheimer has a blunt Nvidia stock message ahead of earnings

With Nvidia reporting August 26, Oppenheimer just published insights about the stock that cut through the noise around the trade.
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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.
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Bill Ackman's Pershing Square invests $1.1B in fintech giant

Bill Ackman's Pershing Square invests $1.1B in fintech giant

Bill Ackman's Pershing Square built a $1.1 billion new stake in the fintech heavyweight.
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Nvidia Notifies Customers of Over 15% Price Hikes for AI Chips Due to Soaring Memory Costs

Nvidia Notifies Customers of Over 15% Price Hikes for AI Chips Due to Soaring Memory Costs

Nvidia Notifies Customers of Over 15% Price Hikes for AI Chips Due to Soaring Memory Costs
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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.
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AI Investment Correction Poses Top Risk to U.S. Economy in 2026, Survey Finds

AI Investment Correction Poses Top Risk to U.S. Economy in 2026, Survey Finds

AI Investment Correction Poses Top Risk to U.S. Economy in 2026, Survey Finds
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Morgan Stanley resets Nvidia stock forecast ahead of earnings

Morgan Stanley resets Nvidia stock forecast ahead of earnings

Here’s what could be next for Nvidia stock.
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Morning Bid: Big, bad bond market

Morning Bid: Big, bad bond market

By Anna Szymanski Aug 21 (Reuters) - From the Editor I was reminded this week of the famous quip from Democratic political strategist James Carville: "I would like to come back as the bond market. You can intimidate everybody."
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U.S. Distributor RoboStore Shifts to Domestic Robot Manufacturing Amidst Government Crackdown on Foreign-Made Robotics

U.S. Distributor RoboStore Shifts to Domestic Robot Manufacturing Amidst Government Crackdown on Foreign-Made Robotics

U.S. Distributor RoboStore Shifts to Domestic Robot Manufacturing Amidst Government Crackdown on Foreign-Made Robotics