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...Many of those suppliers responded by switching to selling items on Temu, owned by Nasdaq-listed PDD Holdings, which is spending billions of dollars trying to replicate Shein’s success in shipping ultra-cheap...
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...Org, Washington, DC, US...
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...The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants LVMH and Kering....
...Travel company Viking Holdings expects to raise up to $1.1bn in its initial public offering in the US, as the market for listings heats up after two years of subdued activity....
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...Eithne Kennedy Chief Executive, Avenir Holdings Singapore...
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...Berkshire trimmed its holding in the tech giant Paramount was down 5.3 per cent....
...RWS Holdings has blamed its poor performance on “temporary headwinds” several times this year....
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...Europe’s third-largest pension fund has sold €2.8bn of its holdings in oil groups including Shell, BP and TotalEnergies because they were not doing enough to produce credible plans for the clean energy transition...
...Shanghai-based ecommerce giant PDD Holdings launched Temu in the US in September 2022 and then spent close to $3bn in marketing last year, according to estimates from research group Bernstein....
German group’s move follows media reports in home country alleging human rights abuses by staff of local partner in China
...Singtel last week reduced its holding from 3.9 per cent to below 3 per cent, according to filings....
...There are 56 Wall Street analysts who cover PDD Holdings as a stock, and 53 of them recommend that their clients buy it. They think it's great....
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...small stake of 59,400 shares in logistics company UPS, trimmed its ownership of computer and printer maker HP by 15 per cent — with its stake falling in value by more than $1bn — and reduced its stock holdings...
...But the FCA has decided to go one step further and apply the filter at the level of individual holdings, rather than the broad portfolio, with at least 70 per cent of holdings needing to be improving their...
...Will Lina Khan be left holding the bag? On Monday, the US Federal Trade Commission sued to block Tapestry’s $8.5bn acquisition of rival Capri Holdings. The pair are best known for their handbag brands....
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