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India’s Ola cabs readying for IPO process in 2021

Backed by SoftBank of Japan, the Indian ride hailing company Ola is targeting its IPO process by March-end 2012, according to Reuters. According to the people with the direct knowledge of the matter, the company is planning to cut its workforce by up to 5% as part of preparations for the IPO process. Ola is…
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Shares of Alibaba continue to soar after the victorious listing in Hong Kong

After a thunderous listing in Hong Kong, the shares of Alibaba started surging for the second day. Following the listing in the city, the shares of the Chinese e-commerce giant went up as much as 2.99% on Wednesday after it gained 6.6% on the first day itself. As a result, the stock price of Alibaba…
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Hong Kong markets bounce

It was a busy time for Hong Kong on Monday amidst the ongoing unrest in the city as the investor responded to Hong Kong’s district council elections. The shares in Asia gained on Monday as a result. According to Reuters, Hong Kong’s Hang Seng index had a significant growth among major markets regionally as it…
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U.S imports from Vietnam are flying high

According to consultancy IHS Markit, during the first nine months of this year, U.S. imports from Vietnam surged 34.8% year-on-year. However, in comparison, the U.S. imports from mainland China tumbled 13.4% within the same period of time China, a behemoth in the industry next to the United States, is certainly ahead of Vietnam, but seems…
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Oil Price makes a major impact on Russian economy, says wealth fund chief

Oil prices will heavily influence on where the Russian economy is heading, according to the chief executive of the Russian Direct Investment Fund (RDIF). However, he further stated that the company’s ties with the major oil producer group OPEC (known as OPEC+) is “ready to act” if required. On the sidelines of the Russia Calling…
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Saudi Aramco on the way to claim the world’s largest IPO

The oil giant Saudi Aramco is making way to set the stage for the world’s largest IPO. On Sunday, the state-owned company revealed a range for its Initial Public Offering that places its valuation up to $1.7 Trillion prior to its public debut which is expected to be the largest so far. However, it’s below…
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Asia stocks gaining amidst US-China trade

Asia markets were having a boost during trade today (Friday) afternoon, as the recent developments on U.S.-China trade negotiations caught the attention of the investors. The Nikkei 225 in Japan surged 0.77% while the Topix index rose 0.67%. While South Korea’s Kospi ascended 0.83%, shares of chipmaker SK Hynix added 1.92%. Hong Kong’s Hang Seng…
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GrubHub and Uber, the most profitable shorts of 2019

According to data from S3 Partners, which is a financial analytics firm, GrubHub and Uber are the most lucrative short bets so far in 2019. The giant in the automobile industry, Tesla, used to be the most profitable short bet up until GrubHub and Uber dethroned it lately. According to Bloomberg, Tesla took the top…
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Investors expect tech start-ups to perform well after WeWork’s failed IPO

At the Web Summit tech conference which took place in Lisbon, Portugal this week, more than 2,000 start-ups attended in order to gain attention. Potential investors raised the question as to how the companies are going to make money and thrive in the industry. “The narrative on the distance to profitability and the path to…
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Adidas sales accelerate

On Wednesday, Adidas reported their 3rd quarter results that beat analyst expectations for net profit and sales. The German sportswear company believes that there would be a significant acceleration of sales in the fourth quarter after reporting stronger-than-expected sales and operating profit for the third quarter. According to Reuters, the third-quarter sales of Adidas surged…
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