Category: Sale
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Incitec Pivot explosives business booms; fertilizer sale talks continue By Investing.com
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Investing.com – Instic Pivot Ltd (ASX:) announced its results for the first half of 2024. EBITDA reached $249 million, beating RBC’s forecast of $207 million and the consensus estimate of $206 million. However, comparing these numbers directly with market estimates is challenging due to the impact of restructuring, non-recurring operations…
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Asian Stocks Rise on Reports of Chinese Bond Sale: Markets Wrap
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(Bloomberg) — Asian stocks pared earlier losses as reports of a planned long-term Chinese bond sale fueled optimism that the money raised will boost the economy. Most read from Bloomberg Hong Kong’s stock index rose to its highest level since August following the news, while mainland-listed stocks trimmed declines. China’s…
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TikTok, ByteDance sue to block US law seeking sale or ban of app By Reuters
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Written by David Shepardson WASHINGTON (Reuters) – TikTok and its Chinese parent company ByteDance said on Tuesday they had filed suit in a U.S. federal court seeking to block a law signed by President Joe Biden that would force the short-video app used by 170 million Americans to be withdrawn…
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Government’s Natwest Sale Raises Concerns, FTSE 250 Chief Warns
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The government’s impending sale of its remaining stake in Natwest has raised concerns, with the head of the FTSE 250 wealth manager warning of potential risks associated with retail investors’ increased exposure to a single share. Stephen Levin, chief executive of London-listed fund manager Quilter, criticized the government’s strategy, describing…