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Seven & i Holdings will delay financial forecast announcement By Reuters

TOKYO (Reuters) - Seven & i Holdings will delay the announcement of their financial forecast originally scheduled for April 8, the company said in a statement on Friday. The company said the delay is due to the later-than-expected U.S. regulatory approval of its planned acquisition of Marathon Petroleum (NYSE:MPC)'s Speedway gas stations. It now expects the deal, previously expected to...

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Exclusive: Tencent’s Timi gaming studio generated $10 billion in 2020, sources say By Reuters

By Pei Li and Tony Munroe (Reuters) - Chinese tech giant Tencent (HK:0700)'s Timi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of $10 billion last year, two people with direct knowledge of the matter told Reuters. The $10 billion would make Timi the world's largest developer, the sources say, which many industry...

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Uber’s a Top Reopening Play: Jefferies By Investing.com

By Christiana Sciaudone Investing.com --  Uber (NYSE:UBER) jumped more than 3% after Jefferies (NYSE:JEF) called it a top reopening play.  Jefferies analyst Brent Thill initiated the coverage with a buy rating and $75 price target, slightly higher than the average price target of around $72.50. The stock has 27 buy ratings, three holds and no sells. The ride hailing company looks poised to...

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Visa Gains On Plan To Offer Crypto Payment Option By Investing.com

By Dhirendra Tripathi Investing.com – Visa (NYSE:V) shares extended their recent gains by more than 2% in Thursday’s trade, a momentum built on the credit card company’s plan to start using cryptocurrencies to settle transactions. The company two days ago said it will allow the use of cryptocurrency USDC/USD to settle transactions on its payment network, the latest sign of growing acceptance of...

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Lufthansa to seek approval for possible capital increase at AGM By Reuters

FRANKFURT (Reuters) - Lufthansa said on Thursday it would seek approval for a possible capital increase of up to 5.5 billion euros at its annual general meeting in May. The German air carrier said any proceeds of any capital increase would be mainly used to repay Germany's Economic Stabilization Fund (WSF), which bailed out the airline last year when the coronavirus pandemic...

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UK regulator found total of 30 cases of blood clot events after AstraZeneca vaccine use By Reuters

(Reuters) - British regulators on Thursday said they have identified 30 cases of rare blood clot events after the use of the AstraZeneca (NASDAQ:AZN) COVID-19 vaccine, 25 more than the agency previously reported. The Medicines and Healthcare products Regulatory Agency said it had received no such reports of clotting events following use of the vaccine made by BioNTech SE and ...

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Asia set to follow U.S. stocks higher as dollar, bond yields ease By Reuters

By Alwyn Scott NEW YORK (Reuters) - Asian markets were set to open higher on Friday in a holiday-lightened trading session, riding a surge of strong factory data and falling bold yields that pushed U.S. and European benchmark stock indexes to record highs. U.S. President Joe Biden's $2.3 trillion plan to rebuild America's crumbling infrastructure added to the enthusiasm for risk assets,...

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UK’s Glastonbury Festival, cinemas, museums get government cash to survive COVID By Reuters

LONDON (Reuters) - Glastonbury Festival will join 2,700 museums, theatres, cinemas and arts venues in receiving a share of 400 million pounds in grants and loans to help them survive the COVID-19 pandemic, the British government announced on Friday. Entertainment venues across Britain were forced to close last March because of the coronavirus crisis and while some partially reopened last summer, many...

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