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As pressure mounts, China Evergrande seeks delaying onshore bond payment

China Evergrande Group (3333.HK) will seek a six-month delay in the redemption and coupon payments of a 4.5 billion yuan ($157 million) bond in a meeting with bond holders this

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Some investors turn cautious on Big Tech as Fed hikes loom

Apple’s rally to a $3 trillion market valuation earlier this week has re-focused investors’ attention on the mammoth growth stocks that accounted for a large chunk of the S&P 500’s

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SEC’s Texas office probes banks over disclosures on guns, fossil fuels

The U.S. Securities and Exchange Commission (SEC)’s Texas office has launched a preliminary probe into lenders’ disclosures about their policies on hot-button issues like climate change and gunmakers, according to

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GM’s electric commercial vehicle unit signs deals with Walmart, FedEx

General Motors Co’s (GM.N) electric commercial vehicle business, BrightDrop, said on Wednesday it has signed a new deal to supply EVs to retail giant Walmart Inc (WMT.N) and expanded its

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Ford posts 7% fall in 2021 U.S. auto sales

Ford Motor Co (F.N) reported a 6.8% fall in 2021 U.S. vehicle sales on Wednesday, as the automaker struggled to deliver its cars and trucks due to lingering supply-chain bottlenecks

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Goldman Sachs says bitcoin will compete with gold as “store of value”

Bitcoin will take market share away from gold in 2022 as digital assets become more widely adopted, Goldman Sachs analyst Zach Pandl said in a research note to clients. Citing

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GM aims to launch personal self-driving car by mid-decade

General Motors Co (GM.N) aims to introduce a “personal autonomous vehicle” by mid-decade, Chief Executive Mary Barra said on Wednesday. The self-driving vehicle for personal use is being co-developed with

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