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Chinese tea firm Chagee raises $411 million in US IPO

By Scott Murdoch SYDNEY (Reuters) -Chinese tea firm Chagee has raised $411 million by setting the price of its shares at $28 each in its initial public offering in the United States, the company said in a statement on Thursday. Chagee sold about 14.7 million ...
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Blackstone’s first-quarter profit rises on robust private equity, credit performance

(Reuters) – Blackstone posted an 11% jump in first-quarter profit on Thursday, driven by higher proceeds from asset sales across its private equity and credit businesses. Distributable earnings, which represent cash that can be used to pay dividends, grew to $1.41 ...
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Truist Q1 profit falls on weakness in investment banking and trading business

(Reuters) – Truist Financial reported a fall in first-quarter profit on Thursday due to weakness in its investment banking and trading unit amid U.S. President Donald Trump’s whiplash trade policies. Shifting expectations of global tariffs have triggered market turbulence and sharp ...
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Tariffs to trigger sharp US economic slowdown; chance of recession jumps to 45%: Reuters poll

By Indradip Ghosh BENGALURU (Reuters) – An aggressive U.S. tariff policy will trigger a significant slowdown in the U.S. economy this year and next, with the median probability of recession in the next 12 months approaching 50%, according to economists polled ...
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LVMH shareholders agree Bernard Arnault can remain CEO until he is 85

PARIS (Reuters) – LVMH shareholders on Thursday voted to allow Bernard Arnault, 76, to remain at the helm of the world’s largest luxury group until he’s 85. The shareholders approved a change to company bylaws that raises the maximum age of ...
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Exclusive-Musk’s SpaceX is frontrunner to build Trump’s Golden Dome missile shield

By Mike Stone and Marisa Taylor WASHINGTON (Reuters) – Elon Musk’s SpaceX and two partners have emerged as frontrunners to win a crucial part of President Donald Trump’s “Golden Dome” missile defense shield, six people familiar with the matter said. Musk’s rocket ...
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US stock futures bounce back after selloff with Japan trade talks in focus

(Reuters) – U.S. stock index futures rose on Thursday, as investors cautiously welcomed tariff talks between the U.S. and Japan on the final trading day of the week, recovering some ground after sharp losses in the previous session. U.S. ...
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Renault chairman Senard to step down from Nissan’s board

TOKYO (Reuters) -Renault Chairman Jean-Dominique Senard is to step down from Nissan’s board of directors, the Japanese automaker said on Thursday, as the company tackles its declining performance. Senard, who served as Nissan’s vice chairman, will resign at the end of the annual ...
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Ford to recall more than 123,000 vehicles, NHTSA says

(Reuters) – Ford Motor is recalling 123,611 vehicles in the U.S. due to a fluid leak that could reduce braking performance and increase stopping distance, the National Highway Traffic Safety Administration said on Thursday. The recall affects certain 2017–18 Ford F-150, ...
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China releases guidelines to facilitate cross-border flows of financial data

BEIJING (Reuters) – China has released guidelines to facilitate more efficient and standardised cross-border flows of Chinese and foreign financial institutions’ data, the central bank announced on Thursday. The guidelines, jointly released by six government agencies including the People’s Bank of ...
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Exclusive-Japan finance minister ‘deeply concerned’ over Trump tariff impact

By Takaya Yamaguchi, Leika Kihara and Makiko Yamazaki TOKYO (Reuters) – Japan is “deeply concerned” over global economic fallout from U.S. President Donald Trump’s trade tariffs, Finance Minister Katsunobu Kato said on Thursday in the government’s strongest warning yet as the ...
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Japan’s Bridgestone more than halves value of bond offering to $350 million, say sources

By Miho Uranaka and Anton Bridge TOKYO (Reuters) – Japan’s Bridgestone has more than halved the value of a planned bond offering to around 50 billion yen ($350.56 million), two sources with knowledge of the matter said. The company has also decided ...
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