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10 May

Crypto assets shed $800 billion in market value in a month

Crypto assets bled nearly $800 billion in market value over the past month, touching a low of $1.4 trillion on Tuesday, according to data site CoinMarketCap, as the end of easy monetary policy diminishes appetite for risk assets.

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10 May

Foreigners pull money out of EM portfolios for second month - IIF

Emerging market debt and equity portfolios saw foreign investor outflows for a second straight month in April, data from the Institute of International Finance showed on Tuesday, building on record outflows from China in the first quarter.

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10 May

Swedish Match shares hit record high on Philip Morris takeover move

STOCKHOLM (Reuters) -Shares in Swedish Match soared on Tuesday after U.S. rival Philip Morris International Inc said it was in talks to buy the Stockholm-based tobacco products company, betting on a growing market for alternatives to cigarettes.

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10 May

Proxy adviser ISS backs all Exxon Mobil director candidates

Top proxy adviser Institutional Shareholder Services has recommended investors vote for all director candidates at oil major Exxon Mobil Corp.

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10 May

Sun Country CEO says airline merger talks good for consumers

The head of Sun Country Airlines threw his backing behind a potential merger between ultra-low-carrier Spirit Airlines and either of the two U.S. carriers bidding for it, Frontier Airlines and JetBlue Airways.

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10 May

TPG records $199 million earnings in first quarter since IPO

TPG said on Tuesday its after-tax distributable earnings rose to $199 million in the first quarter, up from $65 million a year earlier, adding that its private equity and impact investing businesses had delivered strong growth in asset sales.

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10 May

Italy aims to sell ITA Airways by end of next month - minister

Italy's government aims to sell state-owned ITA Airways by the end of June after a deadline for binding offers of May 23, Economy Minister Daniele Franco said on Tuesday.

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  • China receives US equipment to make advanced chips despite new rules-report
  • U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
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