Stock markets dipped and safe-havens such as bonds and Japan"s yen firmed on Friday, as investors awaited Washington"s response to China tightening control over the city of Hong Kong.
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Geely Automobile Holdings Ltd said on Friday it raised HK$6.48 billion ($836 million) from a share placement as the Chinese automaker looks to replenish its coffers to finance growth in the world"s largest auto market.
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The administrator of Virgin Australia Holdings Ltd said it expected to shortlist two preferred bidders early next week after parties confirmed non-binding indicative proposals to acquire the airline on Friday.
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French carmaker Renault said on Friday it was launching talks with unions to reorganise and cease assembling vehicles at several plants in France as it cuts some 15,000 jobs worldwide and tries to refocus to survive a slump in sales.
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U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed trillions of dollars in cash and credit guarantees to build a "bridge" to the post-pandemic world.
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The administrator of Virgin Australia Holdings Ltd said it expected to shortlist two preferred bidders early next week after parties confirmed non-binding indicative proposals to acquire the airline on Friday.
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Volkswagen AG (VW) said on Friday it has agreed to invest 2.1 billion euros ($2.33 billion) in two separate Chinese electric vehicle players, upping its bet on the world"s biggest auto market as international rivals seek to muscle in.
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Oil prices edged lower on Friday after U.S. inventory data showed lacklustre fuel demand in the world"s largest oil consumer while worsening U.S.-China tensions weighed on global financial markets.
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SoftBank Vision Fund"s head, Rajeev Misra, saw his total pay for the past business year more than double to roughly $15 million, even as the fund"s underperformance pushed SoftBank to a record operating loss of some $13 billion.
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President Donald Trump said he will introduce legislation that may scrap or weaken a law that has protected internet companies, including Twitter and Facebook, in an extraordinary attempt to regulate social media platforms where he has been criticized.
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