German automaker Volkswagen is investing about $1 billion in China for electric car development, and releasing a vehicle targeted at a higher end of the market.
Category: Finance
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Stocks making the biggest moves after hours: CSX, Knight-Swift Transportation and more
These are the stocks posting the largest moves in extended trading.
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EU lawmakers approve world’s first comprehensive framework for crypto regulation
The parliamentary blessing paves the way for MiCA to become law in 2024, putting the EU a step ahead of the U.S. and U.K.
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Stocks making the biggest moves midday: Tesla, IBM, American Express, AT&T and more
These are the stocks posting the largest moves in midday trading.
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SVB collapse is double-whammy for tech startups already navigating brutal market
Startup founders across the U.S. were already cutting costs and preserving cash before Silicon Valley Bank’s failure this month complicated their situation.
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UBS buys Credit Suisse for $3.2 billion as regulators look to shore up the global banking system
The $3.2 billion rescue deal came after a weekend of crunch talks, with the chairman of UBS describing it as “absolutely essential to … global finance.”
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Asia’s regulators say banking system is robust and stable after UBS-Credit Suisse takeover deal
From Hong Kong to Australia and Singapore, authorities urged that their domestic banking systems were stable.
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UBS offers to buy Credit Suisse for ‘substantially’ more than $1 billion, sources say
A sale to UBS comes after Credit Suisse shares logged their worst weekly decline since the onset of the coronavirus pandemic.
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These elite dividend stocks have raised their payments for over 60 consecutive years
S&P’s Howard Silverblatt shares the companies that have been raising their dividends for more than 60 years.
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SoftBank’s Arm Hoping to Raise $8 Billion From Mega US IPO
SoftBank-owned British chip designer Arm Ltd will likely to aim to raise at least $8 billion from its initial public offering (IPO) in the United States this year, people familiar with the matter said on Sunday. Arm is likely to confidentially submit paperwork for what is expected to be a blockbuster US stock market launch...