11 March

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Roblox gains steam after market debut as Cathie Wood’s Ark picks up shares By Reuters

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(Reuters) - Shares of Roblox Corp jumped on Thursday, building on the gaming platform's almost 55% rise on its stock market debut a day earlier, as well-known stockpicker and exchange-traded fund operator Cathie Wood bought into the company. The California-based company's stock was up 5.3% in late morning trades, after having risen more than 20% earlier in the day, also boosting the...

11 March

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SoftBank-backed Coupang valued at $109 billion in blockbuster debut By Reuters

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(Reuters) - Shares of SoftBank Group Corp-backed Coupang soared more than 81% in their stock market debut on Thursday, valuing the South Korean e-commerce giant at $109 billion. Stock opened at $63.5, compared to the raised offer price of $35 per share which fetched around $4.6 billion for Coupang, in the biggest U.S. initial public offering this year. ...

11 March

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Fund manager Odey acquitted of 1998 indecent assault By Reuters

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By Kirstin Ridley LONDON (Reuters) - Crispin Odey, one of Britain's most high-profile hedge fund managers, was acquitted of indecently assaulting a young, female banker in 1998 after a three-day London trial. Judge Nicholas Rimmer told Westminster Magistrates' Court on Thursday that there had been a "catalogue of inconsistencies" in the case and...

11 March

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UK’s Sunak says he does not favour a debt-to-GDP target By Reuters

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By William Schomberg and Andy Bruce LONDON (Reuters) - British finance minister Rishi Sunak said on Thursday he did not favour setting a specific target for the level of public debt as a share of economic output, as broader criteria were better suited for future fiscal rules. "It's probably right to think more about trajectories of debt levels, building resilience for future...

11 March

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Oracle Tumbles as Cloud Revenues Disappoint; Mum on Bitcoin By Investing.com

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By Dhirendra Tripathi Investing.com -- Oracle Corporation (NYSE:ORCL) shares fell 9% on Thursday after its February quarter earnings and 1% to 3% sales growth projection disappointed investors. Oracle also stayed silent on rumors it had invested in Bitcoin (BitfinexUSD), another drag on the stock. Societe Generale (OTC:SCGLY) downgraded it to hold from buy, citing a "lower growth profile" compared to peers. The company’s...

11 March

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Baidu looks to raise $3 billion in Hong Kong listing By Reuters

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By Scott Murdoch and Yingzhi Yang HONG KONG (Reuters) - Chinese search engine company Baidu Inc (NASDAQ:BIDU) is looking to raise at least $3.03 billion by selling 95 million shares as books opened on Thursday for its Hong Kong listing, according to a term sheet from the deal's launch. Baidu's New York listed shares were trading nearly 4% higher on the back...

11 March

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FTSE 100 finishes higher as ECB commits to accelerate purchases By Investing.com

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Key Points FTSE 100 finished higher, miners lead ECB commits to accelerate bond purchases Initial jobless claims fall to post-pandemic low GBP/USD up for third consecutive day Bitcoin firm above $56,000 By Samuel Indyk Investing.com – The FTSE 100 finished the session in the green, lifted by mining stocks after the passage of Biden’s stimulus bill boosted commodity prices. Anglo American ...

11 March

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Wall Street Opens Higher as Jobless Claims Bolster Recovery Hopes By Investing.com

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By Geoffrey Smith Investing.com -- U.S. stock markets opened higher on Thursday as fresh data from the labor market bolstered hopes that the economy is coming out of a Covid-19-induced hibernation. The Labor Department said initial jobless claims fell to their lowest level since the start of the pandemic last week - albeit the absolute level of 712,000 remains close to unimaginable for...

11 March

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Europe’s dividend outlook lags, U.S. payouts head back to record By Reuters

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By Thyagaraju Adinarayan and Sujata Rao LONDON (Reuters) - Investors are piling into Europe's energy-and-financials-heavy stock markets, yet dividend expectations remain far gloomier than in the United States, with payouts seen well below pre-pandemic levels for years to come. European markets are benefiting from investors rotating into "reflation" oriented sectors and cheaply-priced "value" plays, many of which are good at returning cash...

11 March

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Denmark, Norway temporarily suspend AstraZeneca COVID shots after blood clot reports By Reuters

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By Nikolaj Skydsgaard and Jacob Gronholt-Pedersen COPENHAGEN (Reuters) - Health authorities in Denmark and Norway said on Thursday they had temporarily suspended the use of AstraZeneca (NASDAQ:AZN)'s COVID-19 vaccine shots after reports of the formation of blood clots in some who have been vaccinated. The move comes after Austria stopped using a batch of AstraZeneca shots while investigating a death from coagulation...

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Roblox gains steam after market debut as Cathie Wood’s Ark picks up shares By Reuters

SoftBank-backed Coupang valued at $109 billion in blockbuster debut By Reuters

Fund manager Odey acquitted of 1998 indecent assault By Reuters

UK’s Sunak says he does not favour a debt-to-GDP target By Reuters

Oracle Tumbles as Cloud Revenues Disappoint; Mum on Bitcoin By Investing.com

Baidu looks to raise $3 billion in Hong Kong listing By Reuters

FTSE 100 finishes higher as ECB commits to accelerate purchases By Investing.com

Wall Street Opens Higher as Jobless Claims Bolster Recovery Hopes By Investing.com

Europe’s dividend outlook lags, U.S. payouts head back to record By Reuters

Denmark, Norway temporarily suspend AstraZeneca COVID shots after blood clot reports By Reuters

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