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Property developer Sunac China will oppose winding-up petition in Hong Kong

Cash-strapped property developer Sunac China (1918.HK) said on Thursday it will oppose the winding-up petition it received at the Hong Kong High Court over the non-payment of certain senior notes

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Goldman recommends traders short the euro versus Swiss franc after ECB rate hike

Goldman Sachs recommends investors short the euro against the Swiss franc following the European Central Bank’s record rate increase as they think it likely the Swiss National Bank will want

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Powell says Fed “strongly committed” to inflation fight

Wall Street’s main indexes opened lower as concerns about aggressive monetary tightening were reinforced by Federal Reserve chair Jerome Powell who said on Thursday the central bank was “strongly committed”

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Major central banks put inflation fight first as growth slows

The European Central Bank on Thursday lifted its key interest rate by an unprecedented 75 basis points and signalled further hikes, the latest major central bank to prioritise taming inflation

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Social media firms to testify at U.S. Senate Homeland Security hearing

The U.S. Senate Homeland Security and Governmental Affairs Committee will hold a hearing Wednesday with Facebook parent Meta Platforms (META.O), Alphabet’s YouTube (GOOGL.O), Twitter (TWTR.N) and short video app TikTok

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United Airlines invests $15 mln in Eve Air, orders 200 air taxis

U.S. carrier United Airlines Holdings Inc (UAL.O) said on Thursday it would invest $15 million in air-taxi maker Eve Air Mobility and ordered 200 aircraft from the Embraer (EMBR3.SA)-owned startup.

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GM maps a slow rollout for its ‘affordable’ EV

General Motors Co (GM.N) said Thursday the Chevrolet Equinox, one of the least expensive of its new generation of electric vehicles for North America, will go on sale in the

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