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Market News
March 8, 2021
China’s Yuan Erases 2021 Gain as Dollar Rises With U.S. Yield
The Chinese yuan briefly erased its year-to-date gains versus a rebounding dollar, amid a broad rout in risk assets across Asia.
March 8, 2021
Commodities Trading Far Outstrips Tourism, New Swiss Stats Show
The economic importance of the commodity trading sector in Switzerland is larger than previously believed, new government statistics show.
March 8, 2021
UA Cinemas Shuts Down Hong Kong Theater Chain After 36 Years
UA Cinemas, one of Hong Kong’s biggest movie-theater chains, abruptly shut down operations in the city, citing the pressure that the pandemic had...
March 8, 2021
Herbal Tea Maker JDB Seeks New Funds Before Hong Kong IPO
Chinese non-alcoholic beverage maker JDB Group is seeking to raise at least $300 million in a funding round ahead of a potential Hong Kong initial...
March 8, 2021
China Vows to Expand Legal ‘Toolkit’ to Fight U.S. Sanctions
Beijing pledged to speed up legislation aimed at countering U.S. sanctions, as it seeks to narrow Washington’s advantages in disputes after the...
March 8, 2021
Orcel vs Botin: Santander CEO Job Feud Heads for Madrid Showdown
Andrea Orcel’s legal feud with Ana Botin shifts this week to a Madrid courtroom where he’ll seek redress from Banco Santander SA for withdrawing...
March 8, 2021
Italy’s Agnelli Family Expands in Luxury With 24% Stake in Louboutin
Italy’s billionaire Agnelli family agreed to buy a stake in French shoe and bag maker Christian Louboutin for 541 million euros ($640 million),...
March 8, 2021
Norwegian Oil Billionaire Joins the Bets on Bitcoin
Oil billionaire Kjell Inge Rokke has come out strongly in favor of Bitcoin, as he bets the cryptocurrency will prove the best defense against the...
March 8, 2021