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Former Energy Secretary Rick Perry’s Fermi upsizes US IPO, aims to raise $715 million

(Reuters) -Fermi is aiming to raise $715 million in its upsized U.S. initial public offering, the data center real estate investment trust said on Monday, as it aims to leverage burgeoning demand for energy infrastructure required to support AI buildouts. Co-founded by former U.S. ...
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US SEC readies relief for asset managers to add ETFs to mutual funds

By Suzanne McGee and Chris Prentice (Reuters) -The U.S. Securities and Exchange Commission on Monday paved the way for an asset manager to add exchange-traded share classes to mutual funds, a move expected to kick-start approvals for dozens of applicants, spark more ETFs and make ...
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Amazon-backed aerospace startup Beta Technologies files for US IPO

(Reuters) -Aerospace startup Beta Technologies filed for an initial public offering in the United States on Monday, the latest company to join the rush to tap a record-breaking bull run in the equity market. Easing trade tensions, robust stock markets and pent-up investor demand have ...
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Goldman Sachs upgrades global equities on growth optimism, policy support

By Joel Jose (Reuters) -Goldman Sachs on Monday upgraded its stance on global equities to “overweight” from “neutral” over the three-month horizon, citing improving economic momentum across regions, attractive valuations and growing support from monetary and fiscal policy. “We think that good earnings growth, Fed ...
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BDT & MSD’s Alliance Laundry targets $4.3 billion valuation in US IPO

(Reuters) -Alliance Laundry is targeting a valuation of up to $4.34 billion in its U.S. initial public offering, the commercial laundry equipment maker said on Monday. The Ripon, Wisconsin-based company and its backer, BDT Capital Partners, are aiming to raise up to $751.2 million by ...
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Lufthansa Group to cut 4,000 jobs by 2030 with help of AI, sees stronger profits ahead

FRANKFURT, Germany (AP) — Lufthansa Group said Monday that it would shed 4,000 jobs by 2030 with the help of artificial intelligence, digitalization and consolidating work among member airlines — even as the company reported strong demand for air travel and predicted stronger profits ...
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A look at previous government shutdowns and how they ended

WASHINGTON (AP) — Party leaders in Congress have long criticized government shutdowns as toxic and destructive. “Always a bad idea,” former Senate Majority Leader Mitch McConnell, R-Ky., said of shutdowns in 2024. A potential “disaster,” Democratic Leader Chuck Schumer of New York said of ...
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Dar Global to launch a $1 billion project in Saudi Arabia in a deal with Trump Organization

DUBAI, United Arab Emirates (AP) — Dar Global, a London-listed luxury real estate developer, said on Monday that it plans to launch a Trump Plaza in the Saudi Red Sea city of Jeddah in the second collaboration with the Trump Organization, following the success ...
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China’s BYD forecasts exports to top 20% of 2025 sales, SCMP reports

HONG KONG (Reuters) -Chinese electric vehicle maker BYD Co forecast exports will make up about 20% of its global sales this year helped by new model launches, the South China Morning Post reported on Monday. BYD forecasts 800,000 to 1 million deliveries outside mainland China ...
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Dollar on the defensive before data releases, risk of US government shutdown

By Rae Wee SINGAPORE (Reuters) -The dollar was on the defensive on Monday ahead of a slew of U.S. economic releases that could provide further clarity on the Federal Reserve’s rate path, while the growing risk of a government shutdown there also came into sharp ...
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Australian telco Optus suffers fresh emergency call outage

By Renju Jose SYDNEY (Reuters) -Australian telco Optus said on Monday it had suffered an emergency call outage in an area south of Sydney, 10 days after a broader disruption that it said had probably caused four deaths when customers were unable to get timely ...
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Oil slips as Kurdistan crude exports resume, OPEC+ plans output hike

By Florence Tan SINGAPORE (Reuters) -Oil prices slipped nearly 1% on Monday after Iraq’s Kurdistan region resumed crude oil exports via Turkey over the weekend and as OPEC+ plans another oil output hike in November, adding to global supplies. Brent crude futures fell 63 cents, or ...
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