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Analysis: No knockout, but new U.S. sanctions add to Russia’s ‘slow destruction’ By Reuters

By Marc Jones, Sujata Rao and Tom Arnold LONDON (Reuters) - For all the insouciance with which markets treated Washington's latest sanctions on Russia, its move to target Moscow's main funding avenue - the rouble bond market - has in some ways, crossed the Rubicon, potentially with far-reaching consequences. Drawing on experiences of sanctions imposed previously, including after the 2014 Ukraine crisis and the Mueller report on Russia's alleged U.S. election meddling, money managers haven't rushed to dump Russian assets en masse. The rouble, which fell as much as 2% at one point on...

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British actress Helen McCrory has died, husband Damian Lewis says By Reuters

LONDON (Reuters) - Britain's Helen McCrory, who starred in Harry Potter films and the Peaky Blinders television series, has died after a battle with cancer, her husband Damian Lewis said on Twitter on Friday. She was 52. "I'm heartbroken to announce that after an heroic battle with cancer, the beautiful and mighty woman that is Helen McCrory has died peacefully at home, surrounded by a wave of love from friends and family," he said. "She died as she lived. Fearlessly. God we loved her and know how lucky we are to have had...

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CVC delays Toshiba buyout offer after CEO change – Nikkei By Reuters

(Reuters) - Private equity firm CVC Capital Partners will delay submitting a formal proposal to buy Toshiba Corp, following the appointment of a new chief executive officer by the Japanese industrial group, the Nikkei reported on Friday. CVC believes Toshiba's new leadership will need time to settle in before it can make any decisions on a potential buyout, the report said. (https://s.nikkei.com/3tqqttb) Toshiba and CVC did not immediately respond to requests for comment. Earlier this week, Toshiba CEO Nobuaki Kurumatani resigned amid controversy over the $20 billion buyout bid from CVC Capital Partners. (https://reut.rs/3x3UEZa) Satoshi Tsunakawa,...

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Coinbase Climbs After Loop Capital Calls it a Buy By Investing.com

By Dhirendra Tripathi Investing.com – Coinbase (NASDAQ:COIN) shares rose 4% in Friday’s trading as the crypto exchange continues to dazzle stakeholders two days after its Nasdaq debut. Loop Capital Kenneth Hill is the latest to join its list of admirers, initiating coverage of the crypto exchange with a buy rating and a $394 target, an upside of 17% from the stock's current price.   Coinbase, which listed directly, briefly touched a $100 billion market capitalization the same day. Its reference listing price was set at $250 per share. According to Hill, Coinbase is many things, starting...

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S&P, Dow Ease From Record Highs as Energy, Financials Slip By Investing.com

By Yasin Ebrahim Investing.com – The Dow and S&P 500 eased from record highs Friday, as financials cut some gains despite better-than-expected earnings from Wall Street banks.  The Dow Jones Industrial Average rose 0.30%, or 102 points, and hit a record of 34,256.75 . The S&P 500 rose 0.90%, to a record high of 4,186.10, and the Nasdaq Composite was down 0.1%. Morgan Stanley (NYSE:MS), Bank of New York Mellon (NYSE:BK) and PNC Financial Services (NYSE:PNC) reported first-quarter results that beat estimates on the top and bottom lines, but it was the...

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UK delivers almost 550,000 daily COVID vaccines By Reuters

LONDON (Reuters) - The United Kingdom delivered almost 550,000 vaccines in a 24-hour period, helping to boost the number of people who have now had a second vaccine, official data showed on Friday. According to the official figures, 129,782 first doses were given, to take the total number to 32.57 million, and 417,683 second doses were distributed, taking that total to 8.93 million. A further 34 people died after testing positive for the virus within 28 days, up slightly from the 30 recorded on Thursday, and 2,596 new cases were detected, slightly...

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UK approves diamond tycoon Nirav Modi’s extradition to India By Reuters

LONDON (Reuters) - Britain has approved the extradition of fugitive Indian diamond tycoon Nirav Modi, a Home Office spokesman said on Friday. The jeweller fled India before details on his alleged involvement in $2.2 billion bank fraud, India's biggest, became public in 2018. The fraud dented confidence in the state banking sector and New Delhi has since tried to get Modi extradited. "On 25 February the District Judge gave judgment in the extradition case of Nirav Modi. The extradition order was signed on April 15," a spokesman for the United Kingdom's Home Office said in...

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Morgan Stanley Lost Nearly $1 Billion on Archegos, But Pulled Out Q1 Win By Investing.com

By Dhirendra Tripathi Investing.com – Morgan Stanley (NYSE:MS) on Friday reported a $911 million loss owing to its exposure to Archegos, the family office of former hedge fund manager Sung Kook ‘Bill’ Hwang. The investment bank recorded a credit loss of $644 million and a trading loss of $267 million relating to “a single prime brokerage client," which Morgan Stanley later identified as Archegos on a conference call with analysts, Reuters reported. Archegos was heavily exposed to ViacomCBS Inc (NASDAQ:VIAC) and stocks of other media companies including Discovery (NASDAQ:DISCA). As the stocks...

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Flutter Entertainment shares higher after NFL deal By Investing.com

By Samuel Indyk Investing.com – Shares in Flutter Entertainment (LON:FLTRF) were trading higher on Friday after the company’s US-based unit FanDuel signed a betting deal with the NFL. On Thursday, the NFL announced a multi-year deal with Caesars Entertainment (NASDAQ:CZR), DraftKings (NASDAQ:DKNG) and FanDuel that will see the three companies become Official Sports Betting Partners of the NFL. As part of the agreements, the companies will have exclusive ability to leverage NFL marks within the sports betting category and activate around retail and online sports betting. Financial details of the agreement were undisclosed but sources at...

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Sunrun Surges on Upgrade as Solar Power Shows Growth Trends By Investing.com

By Dhirendra Tripathi Investing.com – Sunrun (NASDAQ:RUN) shares jumped more than 7% on Friday after an upgrade to overweight from Piper Sandler analyst Kashy Harrison. Harrison sees the stock at $77, still more than 50% higher from the stock’s current price.  Harrison attributed his bullish outlook on the solar panel maker to strong growth expected from the residential sector as more people opt for the renewable source of power. Long-term federal policy support via the America Jobs Plan and interest rates that are only moving lower will also help the company, the analyst said. He also...

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