Tag: fast
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Oaktree-backed digital infra firm ITG aims to raise $429 million in US IPO
June 22 : Digital infrastructure firm ITG said on Monday it was aiming to raise as much as $429.3 million in its U.S. initial public offering.The Hendersonville, Tennessee-based company is offering 19.5 million shares priced between $19 and $22 apiece.ITG was bought by investment firm Oaktree Capital M
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Canadian lender TD tells some employees it will use software to monitor their work
TORONTO, June 19 : Toronto-Dominion Bank told some employees working in its financial crimes and risk management team that it would run software to track their work, prompting questions around consent and privacy in the workplace as the Canadian lender tries to increase productivity, according to a recording of a te
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Swiss government throws weight behind 2038 Winter Olympics bid
ZURICH, June 22 : Switzerland’s government on Monday formally backed a bid to host the Olympic and Paralympic Winter Games in 2038, clearing another hurdle for the games to return to the Alpine country for the first time since 1948. A winter sports powerhouse, Switzerland is the frontrunner to host the 2038 g
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Chipmaking tool firm Nearfield Instruments raises $380 million at $1.6 billion valuation
SAN FRANCISCO, June 22 : Nearfield Instruments, a Netherlands-based firm whose machines help measure the features on advanced semiconductors, said on Monday it raised $380 million in new funding, bringing its valuation to $1.6 billion.Nearfield makes devices called atomic force microscopes, which can take dir
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Explainer-Three ways Trump could get a stake in AI firms for the US
WASHINGTON, June 22 : U.S. President Donald Trump said he is exploring options to give the public a stake in leading AI companies, in response to concerns that individual Americans will not share in the sector’s expected profits.Policymakers, companies and advocates have proposed several pathways for Trump’
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Stocks waver, oil falls as traders weigh fragile Iran peace talks
SYDNEY/LONDON, June 22 : European stocks and U.S. futures fell slightly while oil prices dipped on Monday after Iranian negotiators said progress had been made in peace talks with the United States, helping calm fears the fragile process to end the Iran war was breaking down.Officials from Qatar and Pakistan
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Oil falls after US-Iran talks signal easing supply risks
BENGALURU/LONDON, June 22 : Global oil prices fell on Monday after U.S.-Iran talks concluded in Switzerland with Tehran saying it had secured waivers for oil and petrochemical exports, easing worries about a supply shortage in global markets.Brent crude was down 61 cents at $79.96 a barrel by 0815 GMT. Prices
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South Korea market watchdog offers rare mea culpa over leveraged ETFs
SEOUL, June 22 : The head of South Korea’s market watchdog offered a rare mea culpa on Monday, saying it was too hasty in approving leveraged funds tied to some of the country’s best-known chip stocks.The comments from Lee Chan-jin, governor of the Financial Supervisory Service, are some of the starkest yet a
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Philippines cuts 2026 growth forecast, citing graft scandal and energy crisis
MANILA, June 22 : Growth in the Philippines this year will be lower than previously forecast due to the energy crisis and the lingering effects of a corruption scandal that has slowed government spending, the economic planning secretary said on Monday.Growth is now seen coming in at 3.5 per cent to 4.5 per ce
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Bank of England softens stablecoin rules in final framework
LONDON, June 22 : The Bank of England published its final policy and draft rules for stablecoins on Monday, easing some proposals set out for industry consultation last year. The BoE scrapped plans to cap individual holdings, opting instead to limit total issuance per stablecoin, initially set at £40 billio
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