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ByteDance not in preliminary talks to list TikTok on NYSE – source By Reuters

(Reuters) - ByteDance is not in preliminary discussions about listing video app TikTok on the New York Stock Exchange (NYSE), a person familiar with the matter said, following a Chinese media report that talks were underway. The Global Times, published by China's ruling Communist Party's official People's Daily newspaper, said earlier on its Twitter account that ByteDance was in preliminary talks about...

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Nestle to sell North American water brands to buyout firm One Rock for $4.3 billion By Reuters

(Reuters) - Nestle SA (SIX:NESN) said on Wednesday it will sell its North American water brands including Pure Life and Poland Spring to private equity firms One Rock Capital Partners and Metropoulos & Co for $4.3 billion. The sale also includes brands such as Deer Park, Ozarka, Ice Mountain, Zephyrhills, Arrowhead and Splash, as well as U.S. office beverage delivery service ReadyRefresh....

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UK calls for conflict zone ceasefires to roll out vaccines By Reuters

LONDON (Reuters) - Britain will on Wednesday call for a United Nations resolution to help negotiate ceasefires so that people in conflict zones can be vaccinated against COVID-19, saying member states have a moral duty to protect the vulnerable. Foreign Secretary Dominic Raab will chair a virtual meeting of the U.N. Security Council on Wednesday to discuss the threat facing the...

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Billions of pounds in the red, UK budget to have greenish hue By Reuters

By David Milliken LONDON (Reuters) - British finance minister Rishi Sunak's annual budget on March 3 is set to have a green tinge, even as the country goes hundreds of billions of pounds into the red to fund its response to the coronavirus pandemic. Sunak will move forward with plans to launch Britain's first "green" government bonds - designed to finance environmentally...

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Exclusive: BP offers employees shares in rallying cry for low-carbon shift By Reuters

By Dmitry Zhdannikov and Ron Bousso LONDON (Reuters) - Oil major BP (LON:BP) is launching its first share award scheme to rally its more than 60,000 employees around CEO Bernard Looney's plan to shift to renewable energy following a bruising year of mass layoffs, bonus suspensions and spending cuts. The distribution of the shares, which will be locked for four...

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Citigroup cannot recoup Revlon payouts after nearly $900 million gaffe: U.S. judge By Reuters

By Jonathan Stempel NEW YORK (Reuters) - A federal judge on Tuesday said Citigroup Inc (N:C) is not entitled to recoup half a billion dollars of its own money that it mistakenly wired lenders of Revlon Inc, in what he called "a banking error of perhaps unprecedented nature and magnitude." U.S. District Judge Jesse Furman in Manhattan said the Aug....

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Fed Minutes, Retail Sales, Bitcoin Bounce: 3 Things to Watch By Investing.com

By Liz Moyer Investing.com -- Stocks continued their record-setting march higher and bitcoin briefly traded above $50,000, a key psychological hurdle as the cryptocurrency quickly gains mainstream acceptance. The Dow Jones Industrial Average and S&P 500 both touched new all-time intraday highs after traders returned from a three-day weekend in the U.S., only to lose steam late in the session. Among the day’s standouts,...

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Handful of hedge funds bet big on GameStop before its wild ride By Reuters

By David Randall and Svea Herbst-Bayliss NEW YORK (Reuters) - A handful of small hedge funds were in a position to profit from the Reddit rally that sent shares of GameStop Corp (NYSE:GME) and other out-of-favor stocks rocketing higher last month at the expense of prominent investors who had bet against the stocks, according to securities filings released Tuesday. ...

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UK’s FCA in touch with Jersey’s financial services watchdog over Woodford’s future business plans By Reuters

(Reuters) - Britain's financial watchdog, the Financial Conduct Authority (FCA), said on Tuesday it was in touch with Jersey's financial services watchdog after reports that veteran investor Neil Woodford's future business proposal may operate out of Jersey. "There are reports that Mr Woodfords future business proposal may operate out of Jersey", Mark Steward, FCA's director of enforcement and market oversight, said in...

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Quantumscape Progress on Battery Tech Plans Overshadows Wider Q4 Loss By Investing.com

By Yasin Ebrahim Quantumscape surged in after-hours Tuesday as signs of progress on its battery technology development plans overshadowed wider fourth-quarter losses.   Quantumscape (NYSE:QS) jumped 7% following the report.  The company reported a loss per share of $2.41, compared with 6 cents a year earlier. It has yet to generate revenue.  The company said it decided to build a pre-pilot line facility in...

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