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Crown Resorts receives takeover bid from Blackstone

The logo of Australian casino giant Crown Resorts adorns the hotel and casino complex in Melbourne, Australia, June 13, 2017. /Reuters Crown Resorts has received a takeover bid from U.S. inves

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China the only major economy to see positive growth in 2020: official

China's economy grew by 2.3 percent year on year in 2020, the National Bureau of Statistics (NBS) said in a statement on Sunday.Despite the grave and complex challenges posed by the COVID-19 pandemic

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China's Xiaomi files complaint against U.S. govt

00:48 China's smartphone maker, Xiaomi Corp, issued a legal complaint in a Washington court on Friday against the move by the former administration to blacklist the company.The Defense

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The Tula Mic is a powerful portable recorder that doubles as a great USB-C microphone

Tula is a new company founded with the specific purpose of developing user-friendly hardware and software for sound capture, and its debut product, the Tula Mic, is now shipping after a successful cro

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Fintechs could see $100 billion of liquidity in 2021

Three years ago, we released the first edition of the Matrix Fintech Index. We believed then, as we do now, that fintech represents one of the most exciting major innovation cycles of this decade. In

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A dozen U.S. senators mount drive to oppose Biden certification

Senator Ted Cruz (R-TX) departs after a Republican policy luncheon on Capitol in Washington, U.S., February 4, 2020. /Reuters U.S. Senator Ted Cruz on Saturday said he will spearhead a drive b

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Global Political Calendar: U.S. Electoral College to vote

The U.S. Electoral College electors are set to vote on Monday, the Joint Commission of the Joint Comprehensive Plan of Action (JCPOA) will meet in Vienna on Wednesday, and Russia's President Vladimir

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Chinese banks phase out 'counter-cyclical' factor in yuan pricing

Some Chinese banks have phased out the use of the "counter-cyclical" factor in the pricing mechanism of the yuan's central parity rate against the greenback, according tothe China Foreign Exchange

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China's enterprise annuity funds exceed 1.8 trillion yuan

As of the end of March, China's enterprise annuity funds totaled 1.86 trillion yuan (about 262.3 billion U.S. dollars), up 66.07 billion yuan from the end of last year

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China finalizes new IPO rules for Shenzhen's ChiNext startup board

China has finalised new rules for companies looking to list on Shenzhen's ChiNext board, streamlining the listing process and allowing IPO pricing to be fully determined by the market.Spurred on by t

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Serie A could end without a champion in case of new COVID-19 upset

Juventus star Cristiano Ronaldo shows his dejection during their Serie A match against Frosinone, Turin, Italy, February 15, 2019. /VCG The Italian football season finally entered the final st

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China's e-commerce giant JD.com starts stock offering in Hong Kong

E-commerce giant JD.com started on Monday its stock offering in a secondary listing in Hong Kong, the third U.S.-listed Chinese company to do so following Alibaba and N

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OPEC daily basket price drops to 26.04 USD per barrel

The Organization of the Petroleum Exporting Countries (OPEC) daily basket price dropped to 26.04 U.S. dollars a barrel on Thursday, compared with 26.94 dollars on Wedn

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China's yuan strengthens to 5-month high

The central parity rate of the Chinese currency Renminbi, or the yuan, strengthened to a five-month high Tuesday.The central parity rate strengthened 309 pips to 6.8954 against the U.S. dollar, wh