Category: business
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SEBI Considers Expanding Investment Options for REITs and InvITs to Boost Participation
Mumbai, India – The Securities and Exchange Board of India (SEBI) is evaluating proposals to broaden the range of investment options for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), with the goal of enhancing market participation and capital inflows. Expanding Liquid Mutual Fund Options SEBI Chairperson Tuhin Kanta Pandey said in a
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Chinese Cruise Ships Reroute to South Korea Amid Diplomatic Tensions with Japan
Chinese cruise operators are avoiding Japanese ports amid escalating diplomatic tensions between Beijing and Tokyo, with South Korea emerging as a potential beneficiary for tourism and travel businesses. Sources and cruise itineraries reviewed by Reuters indicate that Chinese tourists may increasingly redirect travel plans to South Korea due to safety concerns and political sensitivities. Cruise
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Myanmar Junta Launches Crackdown on Scam Centres Amid Global Pressure
The Myanmar military junta has intensified operations against scam centres along the Thai-Myanmar border, responding to mounting international pressure from the U.S., China, and other stakeholders. The crackdown follows directives from junta leader Min Aung Hlaing, aiming to curb criminal networks that have long operated with relative impunity in the region. Junta Directives and Militia
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Binance CEO Richard Teng Says Bitcoin Volatility Mirrors Broader Asset Classes
Sydney, Australia – Binance Chief Executive Richard Teng said on Friday that Bitcoin’s sharp decline over the past month reflects a broader trend of investor deleveraging and risk aversion seen across major asset classes. Bitcoin, the world’s largest cryptocurrency by market capitalization, has tumbled 21.2% in November, extending losses to 23.2% over the past three
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Cryptocurrencies Plunge Amid Broad Flight From Risk, Bitcoin and Ether Hit Multi-Month Lows
Cryptocurrencies faced a sharp downturn on Friday as investors retreated from risk assets, pushing Bitcoin and Ether to multi-month lows. Concerns over elevated tech stock valuations and fading expectations for near-term Federal Reserve easing contributed to the selloff. Bitcoin and Ether Slide Both tokens were heading toward weekly losses of roughly 8%, signaling the market’s
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Tech Stocks Set for Record $75 Billion Inflows in 2025 Despite Market Volatility, Says BofA
Tech stocks are poised to attract a record $75 billion inflow in 2025, according to a Bank of America (BofA) weekly flow report released on Friday, highlighting continued investor demand despite ongoing concerns about valuations in the sector. Tech Sector Performance The technology sector has been a major driver of equity markets this year. The
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KKR Targets $15 Billion for New Asia Private Equity Fund in One of the Region’s Largest Capital-Raising Efforts
Global investment giant KKR & Co. is moving to launch one of the biggest Asia-focused private equity funds in history, seeking $15 billion for its fifth Asian buyout vehicle, according to multiple sources familiar with the fundraising efforts. The New York–based firm began marketing the fund to investors this week, marking a major step forward
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Siemens Energy to Return Up to €10 Billion to Investors Amid Global Power Market Boom
FRANKFURT/DUESSELDORF, Nov 20 – Siemens Energy announced on Thursday that it will return up to €10 billion ($11.5 billion) to shareholders by the end of 2028, capitalizing on unprecedented global demand for power infrastructure, gas turbines, and energy grid equipment. The announcement sent the company’s shares soaring to an all-time high, marking one of the
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Uber Teams Up With Starship Technologies to Roll Out Autonomous Robot Deliveries in the UK
Uber is expanding its automation strategy in a major way, announcing a new partnership with Starship Technologies to launch autonomous robot deliveries in the United Kingdom beginning in December. This marks a significant milestone for the company as it accelerates its vision of integrating robotic systems into its global delivery network. Robot Deliveries Coming First
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Spanish Court Orders Meta to Pay €479 Million for GDPR Breaches and Unfair Advertising Practices
In a landmark ruling that intensifies regulatory pressure on Big Tech firms in Europe, a Spanish commercial court has ordered Meta Platforms, the parent company of Facebook and Instagram, to pay €479 million ($552 million) to 87 Spanish digital media organizations. The decision follows accusations that Meta gained an unlawful competitive advantage by violating the
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