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Alibaba Proposes To Split Company Into 6 Business Groups, Shares Rally By 9%

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According to Reuters, Alibaba Group said on Tuesday that it would split into six units and consider raising money or going public for the majority of them. This massive restructuring comes as China promises to soften a broad regulatory crackdown and boost its private enterprises. Alibaba’s U.S.-listed shares increased up to 8% following the information. […]

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Global Stocks Rally, US Treasury Yields Rise As Banking Fear Eases

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According to a Reuters article, the deal by First Citizens BancShares to acquire the bankrupt Silicon Valley Bank calmed broader concerns about issues in the industry, which led to an increase in global stock prices and U.S. government yields on Tuesday. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.3% by early morning

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US SEC warns of risks of buying crypto asset securities

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The US Securities and Exchange Commission warned investors in a Thursday investor advisory that companies selling securities backed by cryptoassets could not be abiding by US legal requirements. The SEC warned that unregistered offerings of these securities might not include critical information, such as audited financial statements, needed for wise decision-making. The crypto industry is

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After Janet Yellen’s assurances regarding bank deposits, US stocks end higher

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After a choppy day of trading on Thursday, US stocks ended higher as US Treasury Secretary Janet Yellen gave investors assurances that efforts will be done to safeguard bank accounts. At 3,948.09, the S&P 500 increased by 0.28%. At 32,096.19, the Dow Jones Industrial Average rose 0.21%. At 11,786.81, the Nasdaq Composite increased by 1.00%.

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USISPF Welcomes Steps Taken To Fully Preserve The Insured, Uninsured Deposits At Silicon Valley Bank

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The US India Strategic and Partnership Forum (USISPF) has welcomed the actions taken to fully preserve the insured and uninsured deposits at the now-defunct Silicon Valley Bank and stated that a speedy resolution is essential for the United States to maintain its leadership in the global startup and innovation ecosystem. The head of the USISPF,

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