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Asia-Pacific markets were mixed as BHP and Chinese real estate shares soar

Asia-Pacific markets were mixed as BHP and Chinese real estate shares soar

Indian wholesale price inflation falls to nearly 14% The annual wholesale price inflation rate in India fell to 13.93% in July from 15.18% in June, according to the latest data from India’s Office of the Economic Adviser. This was better than analysts’ estimates of 14.2%, according to a Reuters’ poll. The wholesale price inflation is …

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Shares slide ahead of U.S. inflation data, earnings hurdles

Asia shares mixed, China cuts rates as data disappoints

FILE PHOTO – People pass by an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 Nikkei edges up, S&P 500 futures dip PBOC cuts key rates, China data badly miss forecasts Eyes on …

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Intel shares 48 benchmarks to show its Arc A750 can compete with an RTX 3060

Intel shares 48 benchmarks to show its Arc A750 can compete with an RTX 3060

Intel has released 48 benchmarks that show its upcoming Arc A750 GPU should be able to trade blows with Nvidia’s RTX 3060 running modern games. While Intel set its expectations low for its Arc GPUs last month, the company has now tested its A750 directly against the RTX 3060 across 42 DirectX 12 titles and …

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Elon Musk sells nearly $7 billion in Tesla shares to finance his Twitter deal.

Elon Musk sells nearly $7 billion in Tesla shares to finance his Twitter deal.

Elon Musk, the chief executive of the electric vehicle maker Tesla, has sold about $7 billion worth of the company’s stock, a move he said on Twitter was an effort to raise cash in case he was forced to complete his $44 billion deal to acquire Twitter. The sale of 7.92 million Tesla shares started …

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Musk sells $6.9 billion in Tesla shares ahead of Twitter trial

Musk sells $6.9 billion in Tesla shares ahead of Twitter trial

Placeholder while article actions load Elon Musk has sold millions of Tesla shares in recent days, raising nearly $7 billion, to prepare for the possibility he might be forced to buy a company he no longer wants. Recent Securities and Exchange Commission filings show Musk sold 7,924,107 shares of his electric vehicle company Friday through …

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SoftBank set to post $34bn gain after handing over Alibaba shares

SoftBank set to post $34bn gain after handing over Alibaba shares

SoftBank expects to post a gain of more than $34bn by turning over a chunk of its holdings in the Chinese ecommerce group Alibaba, marking a historic shift in the Japanese group’s relationship with its best-known investment. SoftBank had made a series of complex derivative deals that allowed it to raise cash while retaining the option …

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AMC announces special dividend in the form of 'Ape' preferred shares; stock falls

AMC announces special dividend in the form of ‘Ape’ preferred shares; stock falls

AMC Entertainment Holdings Inc.’s stock fell more than 7% in extended trading on Thursday after the company announced a special dividend in the form of “Ape” preferred shares. The dividend marks the latest move in a fight over stock issuances. AMC Entertainment Holdings Inc. AMC, +2.47% has turned to the special dividend after it was unable …

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Alibaba could see first revenue decline on record but analysts expect sales recovery later this year

Alibaba shares jump 7% after quarterly earnings beat expectations

Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News | VCG | Getty Images Alibaba reported fiscal first-quarter earnings on Thursday that beat …

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Property stocks drop as Hong Kong shares slip in mixed Asia trade; Australia's inflation rises

Property stocks drop as Hong Kong shares slip in mixed Asia trade; Australia’s inflation rises

SINGAPORE — Real estate stocks in Hong Kong dropped as Asia-Pacific markets traded mixed on Wednesday. Australia’s inflation rose and investors looked forward to the Fed’s policy decision. Property firm Country Garden’s stock plunged 15.05% after it said it would raise 2.8 billion Hong Kong dollars ($360 million) by selling 870 million new shares. The …

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