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June 5, 2021

Diversified Retail (TRBC level 3)

China shares end higher as some IT firms pledge against anti-competition

Reuters
* SSEC 0.6%, CSI300 0.8% * HK->Shanghai Connect daily quota used 5.2%, Shanghai->HK daily quota used 0.7% * FTSE China A50 +0.5% BEIJING, April 14 (Reuters) – China shares rose on Wednesday, with IT firms leading the gains, as investors cheered internet platform companies pledging to avoid anti-competitive behaviours after......

China regulators fine Alibaba $2.75 billion for anti-monopoly violations

Reuters
FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter/File Photo/File Photo SHANGHAI (Reuters) -Chinese regulators have fined Alibaba 18 billion yuan ($2.75 billion) – around 4% of its revenues in 2019 – for violating anti-monopoly rules and abusing its......

China’s blue-chip index ends lower as healthcare, consumer stocks slip

Reuters
SHANGHAI, April 6 (Reuters) – China’s blue-chip index retreated on Tuesday, pressured by healthcare and consumer companies, as upbeat economic data raised worries of policy tightening. ** The blue-chip CSI300 index fell 0.4% to 5,140.34, while the Shanghai Composite Index was flat at 3,482.97. ** As of last close, the......

Fuel demand slump drags down Couche-Tard’s revenue

Reuters
FILE PHOTO: A Couche-Tard convenience store is seen in Montreal, Quebec, Canada January 13, 2021. REUTERS/Christinne Muschi/File Photo (Reuters) – Canadian convenience store operator Alimentation Couche-Tard Inc fell short of third-quarter revenue estimates, as people staying at home led to a steep decline in demand for fuel that overshadowed gains......

‘A side of shares’: Deliveroo to offer 50 million pounds of stock to customers

Reuters
LONDON, March 7 (Reuters) – Deliveroo said shares worth 50 million pounds ($69 million) would be earmarked for customers in its upcoming flotation, with the offer branded “Great food with a side of shares”. The Amazon-backed food delivery firm announced plans on Thursday to list in London, with a potential......

Three listed units of China’s HNA disclose embezzlements of nearly $10 bln

Reuters
BEIJING, Jan 31 (Reuters) – Three units of HNA, once China’s most acquisitive conglomerate, said nearly $10 billion had been embezzled by shareholders, in disclosures to stock exchanges that come amid a government-led probe into the deeply indebted group. A total of 61.5 billion yuan ($9.57 billion) had been embezzled......

UPDATE 2-Brazilian appliance retailer Casa & Video files for IPO

Reuters
By Carolina Mandl, Tatiana Bautzer (Updates with filing) SAO PAULO, Jan 22 (Reuters) – Brazilian appliance retailer Casa & Video filed for an initial public offering on Friday, according to a preliminary prospectus on the securities industry watchdog CVM website. The Rio de Janeiro-based company has hired the investment banking......

UPDATE 2-Brazilian appliance retailer Casa & Video files for IPO

Reuters
By Carolina Mandl, Tatiana Bautzer (Updates with filing) SAO PAULO, Jan 22 (Reuters) – Brazilian appliance retailer Casa & Video filed for an initial public offering on Friday, according to a preliminary prospectus on the securities industry watchdog CVM website. The Rio de Janeiro-based company has hired the investment banking......

Indian stock exchanges clear Future-Reliance deal in setback for Amazon

Reuters
NEW DELHI (Reuters) – Indian stock exchanges on Wednesday gave the go ahead for Future Group’s $3.4 billion deal to sell its retail assets, taking it a step closer toward closing a deal that has soured its ties with its business partner Amazon.com Inc. Future and Amazon are locked in......

UPDATE 1-UK Stocks-Factors to watch on Jan. 7 – Reuters UK

Reuters
UPDATE 1-UK Stocks-Factors to watch on Jan. 7 Reuters UK Source – For more click here To Return to the Main Aggregate News Page – click here Break’n Pics – Click here for Free Stock Photos...

China fines JD.Com, Alibaba’s Tmall, Vipshop for irregular pricing

Reuters
FILE PHOTO: A logo of JD.com is seen on a helmet of a delivery man in Beijing, China June 16, 2014. Picture taken June 16, 2014. REUTERS/Jason Lee BEIJING (Reuters) – China’s market regulator said on Wednesday it has fined JD.Com Inc, Alibaba’s Tmall and Vipshop 500,000 yuan ($76,656.55) each......

Ant group says will strictly comply with all regulatory requirements

Reuters
FILE PHOTO: A sign of Ant Group is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS/Aly Song BEIJING (Reuters) – China’s Ant Group on Thursday said it has received a meeting notice from regulators, and will strictly comply with all regulatory requirements.......

China fines Alibaba, Tencent for failing to report past deals to anti-trust regulators

Reuters
SHANGHAI (Reuters) – China’s market regulator said on Monday it will fine Alibaba Group, Tencent Holdings-backed China Literature and Shenzhen Hive Box 500,000 yuan ($76,464.29) each for not reporting deals properly for anti-trust reviews. The State Administration of Market Regulation said in a statement that it had taken the decision......

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