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Aphria's bleak start to earnings triggers slump in pot stocks
(Reuters) - Canada's Aphria Inc reported a loss for the third quarter on Monday as it reeled from fresh coronavirus lockdowns in parts of Canada and Germany, sending its shares down 14% and weighing on other pot producers. While the pandemic has ...
Alibaba shrugs off $2.75 billion antitrust fine, shares rally
By Josh Horwitz and Yilei Sun SHANGHAI (Reuters) -Alibaba Group Holding Ltd does not expect any material impact from the antitrust crackdown in China that will push it to overhaul how it deals with merchants, its CEO said on Monday, after regulators ...
Japan bank lending rises again as pandemic pressures services sector
By Leika Kihara TOKYO (Reuters) - Japanese bank lending rose 6.3% in March from a year earlier, data showed on Monday, as restaurants and hotels sought more loans to weather the hit from the COVID-19 pandemic. Deposits held by banks were also up ...
Microsoft to buy AI firm Nuance for $16 billion to boost healthcare business
By Chavi Mehta and Krystal Hu (Reuters) -Microsoft Corp said on Monday it would buy artificial intelligence and speech technology firm Nuance Communications Inc for about $16 billion, as it builds out its cloud strategy for healthcare and enterprise ...
MicroStrategy says non-employee directors to get fee in bitcoin
(Reuters) -MicroStrategy Inc, a major bitcoin corporate backer, said on Monday its non-employee directors will get fees for their services in bitcoin, instead of cash. Shares of the world's largest publicly-traded business intelligence company were ...
Stocks slip from record highs before U.S. bank earnings
By Herbert Lash and Ritvik Carvalho NEW YORK/LONDON (Reuters) -The dollar slipped and a gauge of global equity markets slid from record highs on Monday as investors wait to see whether an expected jump in U.S. earnings will justify stock prices ...
China March new bank loans rise but broad credit growth eases
BEIJING (Reuters) - New bank loans in China rose more expected in March from the previous month due to strong corporate and household demand, as the central bank walks a tightrope between supporting the rapidly recovering economy and containing ...
Corporate leaders plan new push on U.S. voting rights, will reconsider campaign donations
By Jessica DiNapoli (Reuters) - Most CEOs on a call to discuss a new push against U.S. state voting restrictions said in a poll they will reassess donating to candidates who fail to support voting rights, while many will consider holding back ...
Shares in SK Innovation surge after settlement with rival brightens U.S. prospects
By Heekyong Yang and Joyce Lee SEOUL (Reuters) -Shares in South Korean auto battery maker SK Innovation Co Ltd soared on Monday after it buried the hatchet with LG Energy Solution, freeing up both firms to expand in the United States, where electric ...
Software maker UiPath aims for nearly $26 billion valuation in U.S. IPO
(Reuters) -Startup UiPath is targeting a valuation of nearly $26 billion in its U.S. initial public offering (IPO), as demand soars for its robotic process automation services from companies shifting to remote working during the COVID-19 pandemic. ...