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CNBC Daily Open: Fresh Iran war worries halt stock rally
Oil prices rise and markets fall after Netanyahu tells CNBC Israel and U.S. prepared to attack Iran again if necessary.
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Honeywell’s Quantinuum raises $1.68 billion in US IPO as quantum computing heats up
June 3 : Honeywell’s Quantinuum said on Wednesday it has raised $1.68 billion in its U.S. initial public offering after pricing shares at $60 apiece, as investors flocked to one of the market’s fast-growing emerging technology sectors.Broomfield, Colorado-based Quantinuum sold 28 million shares in the offerin
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SpaceX sets US$135 price for blockbuster IPO, upending Wall Street convention
SpaceX is aiming to raise US$75 billion, the most ever for an IPO, in a deal that would value it at US$1.75 trillion, immediately placing it among the top 10 most valuable US-listed firms.
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South Korea finance minister vows response to financial market volatility
SEOUL, June 4 : South Korea’s finance minister said on Thursday authorities would closely monitor risks around domestic stock, bond and foreign exchange markets and take measures to curb excessive volatility.”Minister Koo Yun-cheol emphasised he will immediately take necessary measures to respond to excessive
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SMFG aims to double sales and trading revenue to $5 billion, markets head says
TOKYO, June 4 : Japan’s Sumitomo Mitsui Financial Group is aiming to double revenue in its sales and trading business to 800 billion yen ($5 billion) within the next few years, its head of global markets said, as the bank seeks to catch up with its rivals.Rising interest rates, currency swings and record stoc
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Meta accuses Australia of breaching FTA, invokes US ‘trade action’
SYDNEY, June 4 : Meta accused Australia of violating a free trade agreement with the U.S. by proposing a new tax on certain tech giants which do not strike licensing deals with local media, escalating a dispute which has simmered for half a decade.The $1.6 trillion Facebook and Instagram owner said a proposal
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China’s Michelin-starred Wild Yeast comes to Singapore for for a two-night collaboration with Cassia at Capella
Wild Yeast in Hangzhou, increasingly viewed as one of the restaurants helping to define the future of contemporary Chinese cuisine, will bring its signature brand of Taizhou cuisine into Cassia’s Cantonese kitchen on Jun 5 and Jun 6.
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Senate advances funding bill after Republicans cut $1bn for White House ballroom
The bill to fund immigration agencies has been delayed by opposition to Trump’s ‘anti-weaponisation fund’.
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CrowdStrike is a buy, just not yet. Here’s why
On top of the beat-and-raise, CrowdStrike announced a 4-for-1 stock split. But short-term thinkers sold the stock.
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Germany blames Russia for failed UN Security Council bid
Johann Wadephul said it was “no secret” Russia had stirred up sentiment against Germany over its support for Ukraine.
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