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Nasdaq says IPOs by Chinese firms could pick up ‘dramatically’ as delisting fears ease

Nasdaq says IPOs by Chinese firms could pick up ‘dramatically’ as delisting fears ease

[ad_1] The Nasdaq is expecting more Chinese companies to list on the U.S. exchange in the coming months as Beijing and Washington appear closer to resolving an audit dispute."We still have a pretty strong pipeline … as things are getting to become a little more clear in that market. We

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Two of Hong Kong’s largest IPOs for 2022 plunge in trading debut

Two of Hong Kong’s largest IPOs for 2022 plunge in trading debut

[ad_1] A gong inside the Hong Kong Stock Exchange. China Vanke's subsidiary Onewo and EV maker Zhejiang Leapmotor Technology began trading on the Hong Kong market on Thursday.Paul Yeung | Bloomberg | Getty ImagesTwo of Hong Kong's largest initial public offerings of the year dropped on their first day of

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‘Do not bet’: China’s central bank warns against yuan speculation

‘Do not bet’: China’s central bank warns against yuan speculation

[ad_1] The Chinese yuan weakened past the closely-watched 7.2 level against the greenback this week.Getty ImagesBEIJING — The People's Bank of China has warned against betting on the yuan, after its rapid decline against the U.S. dollar this week."Do not bet on a one-sided appreciation or deprecation of the renminbi

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Ken Griffin says Fed has not done enough, must continue on its path to reset inflation expectations

Ken Griffin says Fed has not done enough, must continue on its path to reset inflation expectations

[ad_1] Ken Griffin, Citadel's founder and CEO, believes the Federal Reserve has more work to do to bring down inflation even after a series of big rate hikes."We should continue on the path that we're on to ensure that we reanchor inflation expectations," Griffin said at CNBC's Delivering Alpha Investor

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NBFCs stare at a liquidity squeeze amid debt fund outflow, low bank funds

NBFCs stare at a liquidity squeeze amid debt fund outflow, low bank funds

[ad_1] Non-banking financial companies (NBFCs) are staring at a liquidity squeeze wrought by an outflow from the debt funds and reduced banking system funding. With banks witnessing a multi-year high credit demand and chasing deposits, the lending cost for non-bank lenders with 3-5 year corporate bonds yields have risen 120-160 basis

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PSBs plan to set up big data and analytics verticals

PSBs plan to set up big data and analytics verticals

[ad_1] State-run banks will set up dedicated verticals for big data and analytics, and integrate all data sources, eyeing a shift to a more data-driven decision-making. The move follows the government's directive to lenders to strengthen data-driven, integrated and inclusive banking. In the next one year, public sector banks will also roll

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Stocks making the biggest moves midday: Apple, Netflix, Biogen, Canopy Growth and more

Stocks making the biggest moves midday: Apple, Netflix, Biogen, Canopy Growth and more

[ad_1] A Biogen facility in Cambridge, Massachusetts.Brian Snyder | ReutersCheck out the companies making headlines in midday trading.Apple — Apple shares fell 3.4% on Wednesday following a report that the company is ditching plans to boost new iPhone production. Instead of aiming to increase output by 6 million units in

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India’s massive card security deadline unlikely to be extended

India’s massive card security deadline unlikely to be extended

[ad_1] India's central bank is unlikely to extend a Friday deadline for businesses to set up an additional layer of security for consumers' credit card data even after some concerns remain over payments failing and revenue losses, say bankers and merchants. Despite a demand by smaller merchants to delay the compliance

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