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Monthly Archives: September 2022

Porsche shares rise in Frankfurt market debut

The Porsche IPO is set to be one of the largest in European history. Thomas Kienzle | AFP | Getty Images Porsche shares edged higher in their stock market debut Thursday, in what’s being billed as one of the biggest public offerings in Europe ever. Shares of the iconic sports …

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IPOs by Chinese firms could pick up as delisting fears ease

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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India’s startup market has tremendous potential

India’s startup market is worth betting on, though it’s still “a few years” behind China’s, Facebook co-founder Eduardo Saverin said.  During a panel discussion at the Forbes Global CEO Conference in Singapore this week, Saverin said his investment company B Capital is deploying “a lot of dollars” into India and is …

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Mutual fund that’s beating the market: Take a look inside

Over the past year, inflation has put a major dent in Americans’ budgets and portfolios alike. Over the 12 months ending in August, the average cost of a basket of consumer goods rose 8.3%, with certain categories, such as food and gasoline, went up even faster, according to the Bureau …

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Many large-cap active managers are beating their benchmarks, despite 2022’s market tumult

A volatile market is traditionally a strain on active managers as they navigate their clients’ portfolios, but 2022 has proven to be an unconventional year for their operations. According to the SPIVA U.S. Scorecard, a new study by S&P Global, large-cap active managers are experiencing the best year against their …

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Hong Kong’s largest IPOs for 2022 Onewo and Leapmotor trading debut

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 Images Two of Hong Kong’s largest initial public offerings of the year dropped on their first day …

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China’s central bank PBOC warns against yuan speculation

The Chinese yuan weakened past the closely-watched 7.2 level against the greenback this week. Getty Images BEIJING — 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 …

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The bottom isn’t in yet for high-growth tech stocks, say PE investors

A trader works on the floor of the New York Stock Exchange (NYSE). Getty Images The market for high-growth technology companies went south this year as the economy turned and interest rates rose. The bubble valuations of 2020 and 2021 gave way to a bust as investors focused on how …

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India’s military ties with Russia will endure for decades: Analyst

Russian President Vladimir Putin with Indian Prime Minister Narendra Modi on the sidelines of the Shanghai Cooperation Organization leaders’ summit in Samarkand on Sept. 16, 2022. “Today’s era is not an era of war, and I have spoken to you on the phone about this,” Modi said to Putin in …

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Amazon hikes pay for warehouse and delivery workers

A worker sorts out parcels in the outbound dock at Amazon fulfillment center in Eastvale, California on Tuesday, Aug. 31, 2021. Watchara Phomicinda | MediaNews Group | The Riverside Press-Enterprise via Getty Images Amazon is raising its hourly wages for its warehouse and delivery workers, the company announced Wednesday. Beginning …

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