Category: Sale
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Court upholds law forcing TikTok ban or sale in the United States
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A federal appeals court has upheld a law requiring TikTok’s Chinese parent company, ByteDance, to sell the app to a non-Chinese entity by mid-January or face a ban in the United States. The decision by the US Court of Appeals for the District of Columbia Circuit represents a major escalation…
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Alaska Airlines website crashes as Cyber Monday sale kicks off, resulting in grounded flights
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A technology issue at Alaska Airlines temporarily grounded flights in Seattle on Monday morning and caused problems into the afternoon for people trying to book flights on its website, Alaska Airlines said. The Seattle-based company said in a statement that the issue Monday morning led to “significant disruption” to its…
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Tycoon Who Bungled Korea Zinc’s Share Sale Fights for Control
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Breadcrumb links BMN Business The new office of Korea Zinc Corporation in downtown Seoul greets visitors with a large bust of the current Chairman’s grandfather. But conspicuously absent is the friend with whom he started the metal empire more than seven decades ago — and whose family is now trying…
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Tycoon Who Bungled Korea Zinc’s Share Sale Fights for Control
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Breadcrumb links BMN Business The new office of Korea Zinc Corporation in downtown Seoul greets visitors with a large bust of the current Chairman’s grandfather. But conspicuously absent is the friend with whom he started the metal empire more than seven decades ago — and whose family is now trying…
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3AC Founder’s Wife Cashes Out With $38.5 Million Singapore Mansion Sale
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The wife of one of the founders of now-defunct Three Arrows Capital, or 3AC, has sold one of their luxury mansions in Singapore, a report has revealed. Selling real estate despite freezing assets Reports have revealed that 3AC co-founder Zhu Su’s wife, Tao Yaqiong, has successfully sold a property for…
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3AC Founder’s Wife Cashes Out With $38.5 Million Singapore Mansion Sale
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The wife of one of the founders of now-defunct Three Arrows Capital, or 3AC, has sold one of their luxury mansions in Singapore, a report has revealed. Selling real estate despite freezing assets Reports have revealed that 3AC co-founder Zhu Su’s wife, Tao Yaqiong, has successfully sold a property for…
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US approves sale of NASAMS missile defense system to Taiwan
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The United States has approved $2 billion in arms sales to Taiwan, including the delivery of an advanced surface-to-air missile defense system to the self-ruled island, in a move sure to anger China. Taiwan’s presidential office on Saturday thanked Washington for giving the green light to potential arms sales. Under…
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Trump-Backed DeFi Project Set To Launch WLFI Token Sale October 15
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This article is also available in Spanish. Former President Donald Trump forays into decentralized finance (DeFi) with his initiative, Global financial freedomhas officially begun onboarding users, and the public sale of its WLFI token is scheduled to take place on October 15. This announcement comes as the project aims to…
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Kenya seeks to stop sale of electricity in dollars
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Kenya is making another bid to stop bulk energy billing in US dollars and euros in a bid to lower electricity prices for households and mitigate Kenya Power’s foreign exchange losses. The country’s energy consumers often complain about high electricity tariffs, with some costs attributed to idle capacity charges to…
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One-third of homes for sale now chain-free as tax fears loom ahead of budget
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A third of homes currently for sale in the UK are chain-free, as landlords and second homeowners rush to sell amid speculation about potential rises in capital gains tax in the next Budget. According to Zoopla, a real estate search site, the number of agreed-upon home sales is up 25%…
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Levi Strauss announces strategic review of Dockers brand including sale By Reuters
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(Reuters) – Levi Strauss Co said on Wednesday it was considering selling its underperforming Dockers brand, known for its khaki clothing. Shares of the denim maker fell nearly 8% in extended trading after the company missed quarterly revenue forecasts and announced a strategic review of Dockers. Levi is in the…
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Levi Strauss announces strategic review of Dockers brand including sale By Reuters
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(Reuters) – Levi Strauss Co said on Wednesday it was considering selling its underperforming Dockers brand, known for its khaki clothing. Shares of the denim maker fell nearly 8% in extended trading after the company missed quarterly revenue forecasts and announced a strategic review of Dockers. Levi is in the…
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Kenya, IMF fallout deepens as State firms’ sale blocked
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A Supreme Court ruling declaring the Privatization Act 2023 unconstitutional appears set to further complicate Kenya’s efforts to secure more than Sh77.5 billion in fresh funding from the International Monetary Fund. The IMF had partly linked the financing plan to a comprehensive overhaul of state-owned enterprises, including the sale and…
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Sonic SVM announces $12.8m HyperGrid Node sale on Solana
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Sonic SVM has announced the public sale of HyperFuse Nodes, marking the first node sale within the Solana ecosystem. According to a press release shared with crypto.news, these nodes will play a vital role in the security and growth of the SVM multi-chain network, allowing operators to verify state transitions…
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Sonic SVM announces $12.8m HyperGrid Node sale on Solana
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Sonic SVM has announced the public sale of HyperFuse Nodes, marking the first node sale within the Solana ecosystem. According to a press release shared with crypto.news, these nodes will play a vital role in the security and growth of the SVM multi-chain network, allowing operators to verify state transitions…
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Russian court freezes Raiffeisen shares in local bank, blocking sale By Reuters
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FRANKFURT (Reuters) – A Russian court has frozen shares in the local arm of Raiffeisen Bank International, Russia’s largest Western bank said on Thursday, ruling out any sale of the company for now. The Austria-based Reserve Bank of India had pledged to spin off its Russia business, which provides a…
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Russian court freezes Raiffeisen shares in local bank, blocking sale By Reuters
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FRANKFURT (Reuters) – A Russian court has frozen shares in the local arm of Raiffeisen Bank International, Russia’s largest Western bank said on Thursday, ruling out any sale of the company for now. The Austria-based Reserve Bank of India had pledged to spin off its Russia business, which provides a…
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Trintech’s owners explore $2 billion sale of financial software maker, sources say By Reuters
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Milan city win (Reuters) – Private equity firms Summit Partners and Vista Equity Partners are exploring a potential sale of financial software company Trintech, which could value the company at about $2 billion including debt, people familiar with the matter said. Trintech’s owners are working with investment bankers at Deutsche…
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Bitcoin Maxi, CEO Expects ‘$0.01 Million’ As Threshold For BTC ‘Sale’
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Bitcoin influencer and CEO of JAN3, Samson Mu, has recently made waves with his predictions about the future price of Bitcoin. He shared his bullish predictions for the price of Bitcoin in a recent post on social media site X (formerly Twitter). According to Mo, Bitcoin is in a “sell”…
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Walmart Is Seeking Up to $3.74 Billion in Sale of JD.com Stake
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(Bloomberg) — Walmart Inc. is seeking to raise as much as $3.74 billion by selling its stake in Chinese e-commerce company JD.com, ending an eight-year partnership in a retail powerhouse now struggling with an economic slowdown and intense competition. Most Read from Bloomberg The U.S. retailer is offering 144.5 million…