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Tokyo Metro: Asia’s oldest subway goes public
Every day six and a half million people ride Tokyo Metro’s nine lines, part of a dizzyingly complex transport network serving the Japanese megacity and its sprawling suburbs.Tokyo Metro shares rocketed more than 40 percent on their stock market debut Wednesday, raising $2.3 billion in Japan’s biggest initial public offering (IPO) in six years.Here are …
Ex-Abercrombie CEO charged with sex crimes
The former chief executive of the Abercrombie and Fitch clothing empire has been arrested and charged with the trafficking of male models for sex parties around the world, US prosecutors said Tuesday.Ex-CEO Mike Jeffries, his partner Matthew Smith and the pair’s fixer James Jacobson allegedly used a “casting couch” ploy to groom aspiring male models …
As Trump touts tariffs, Yellen says US has rejected ‘isolationism’
US Treasury Secretary Janet Yellen appeared to take aim at former president Donald Trump’s economic approach Tuesday, saying the current US administration has “rejected isolationism that made America and the world worse off.”Her opening remarks at a news conference two weeks before the US presidential election come as the International Monetary Fund also issued a …
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Hyundai Motor India shares dip on debut after record IPO
Hyundai Motor had a lacklustre Indian market debut on Tuesday after raising $3.3 billion in the country’s biggest-ever initial public offering, with shares down nearly five percent from their issue price in early trade.A booming stock market in the world’s fifth-largest economy has stoked an IPO frenzy over the last two years, with start-ups and …
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China’s central bank cuts two key rates to boost economy
China’s central bank on Monday said it had cut two key interest rates to historic lows, in the latest move by Beijing to boost sluggish spending and kickstart the world’s second-largest economy.The cuts come just days after the country posted its slowest quarterly growth in a year and a half, underlining the deep economic woes …
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