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Elon Musk says he was joking about buying Manchester United

Elon Musk says he was joking about buying Manchester United

Aug 17 (Reuters) – Elon Musk, the world’s richest person, said early on Wednesday he was joking when he tweeted hours earlier that he would buy currently struggling English soccer club Manchester United Plc ( MANU.N). “No, that’s a longtime joke on Twitter. I don’t buy any sports teams,” Musk said when asked by a …

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US housing starts near year-and-a-half low;  factory production rebounds

US housing starts near year-and-a-half low; factory production rebounds

Housing starts fell by 9.6%; building permits fall by 1.3% Single-family housing starts fall by 10.1%; permits down 4.3% The housing construction order book increases by 5.0% Manufacturing production rebounds by 0.7% WASHINGTON, Aug 16 (Reuters) – U.S. home construction fell to its lowest level in nearly a year and a half in July, weighed …

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Exclusive: Tencent plans to sell $24 billion stake in Meituan

Exclusive: Tencent plans to sell $24 billion stake in Meituan

Tencent seeks to initiate sale of Meituan stake this year – sources Sale seeks to appease regulators and monetize 8-year-old betting sources Sale of stake likely to be made as a block transaction – sources This decision comes after the sale by Tencent of JD.com and the participations of SEA Meituan shares sink 10%; Tencent …

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Third Point Reveals Nearly $1 Billion Disney Stake, Demands Changes

Third Point Reveals Nearly $1 Billion Disney Stake, Demands Changes

Aug 15 (Reuters) – Hedge fund Third Point on Monday disclosed a roughly $1 billion stake in Walt Disney Co (DIS.N) and said it planned to push the media company to bring a series of changes, ranging from splitting off cable sports channel ESPN to buying back stock and adding new board members. Billionaire investor …

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Exclusive: Wall Street revives Russian bond trading after US green light

Exclusive: Wall Street revives Russian bond trading after US green light

NEW YORK, Aug 15 (Reuters) – Several major Wall Street banks have in recent days begun offering to ease Russian debt deals, according to bank documents seen by Reuters, giving investors another chance to shed debt. assets widely regarded in the West as toxic. . Most U.S. and European banks pulled out of the market …

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Stocks struggle as China rate cut drives oil down

Stocks struggle as China rate cut drives oil down

FILE PHOTO – People walk past an electronic screen showing Japan’s Nikkei stock price index at a conference room in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Join now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 Nikkei edge higher, S&P 500 futures plunge PBOC lowers key rates, Chinese data sorely lacking in forecasts Eyes …

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Five Chinese state-owned companies to delist from NYSE amid US tensions

Five Chinese state-owned companies to delist from NYSE amid US tensions

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned companies, including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), said on Friday they would delist from the New York Stock Exchange , amid economic and diplomatic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) …

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China's factory inflation hits 17-month low, consumer prices accelerate

China’s factory inflation hits 17-month low, consumer prices accelerate

A worker walks past rolls of steel at the Chongqing Iron and Steel Factory in Changshou, Chongqing, China August 6, 2018. REUTERS/Damir Sagolj/File Photo Join now for FREE unlimited access to Reuters.com Register July producer inflation at lowest since February 2021 July consumer inflation at a 2-year high PBOC should remain dovish to boost growth …

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