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How Birkenstock’s Lackluster Debut Mistimed the Shaky IPO Market

Birkenstock Holding Plc, the 249-year-old footwear brand, stumbled onto Wall Street last week in a debut that could quash the fledgling rebound of initial public offerings.

GoTo Dives 19% After Founder’s Surprise Sale Spooks Investors

GoTo Group plummeted its most on record after one of its co-founders trimmed his stake in a share sale, spurring concerns about the business prospects of a Southeast Asian industry bellwether.

GoTo Dives 19% After Founder’s Surprise Sale Spooks Investors

GoTo Group plummeted its most on record after one of its co-founders trimmed his stake in a share sale, spurring concerns about the business prospects of a Southeast Asian industry bellwether.

Giant Lithium Deal Collapses After Australian Billionaire Rinehart Steps In

Lithium giant Albemarle Corp. has walked away from its A$6.6 billion ($4.2 billion) takeover of Liontown Resources Ltd., after Australia’s richest woman built up a blocking minority and effectively scuppered one of the largest battery-metals deals to date.

Rite Aid Files for US Bankruptcy, Will Close More Stores

US pharmacy chain Rite Aid Corp. filed for bankruptcy as it looks to restructure debts, and said it will shutter more stores.

Xi’s Crackdown on Finance Hits Two-Year Mark With No Letup

With the recent detentions and arrests of star investors and top bank executives, President Xi Jinping’s crackdown on corruption in China’s finance industry shows no signs of letting up after it kicked off two years ago.

Germany’s Year of Frailty Is Seen Ending in Double-Dip Recession

Germany won’t escape a second recession this year as the economy long seen as Europe’s motor limps through persisting industrial weakness, according to forecasters.

Singapore Home Sales Reach Lowest This Year on Lack of Inventory

Singapore private home sales fell for the second straight month to their lowest level this year amid a lack of major new projects in the market.

Gold Billionaire Sawiris Eyes Stake in $7 Billion Reko Diq Mine

Egyptian billionaire Naguib Sawiris, who has forged a fortune in telecom and gold, is eyeing an investment in Barrick Gold Corp.’s $7 billion Reko Diq copper-gold project as he looks to expand his business in Pakistan.

South Korean Crypto Exchange Upbit Wins Singapore Permit

South Korean leading crypto exchange Upbit has received an in-principle approval from the Monetary Authority of Singapore to offer digital payment token services in the city state, according to a company statement.

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