Mon, Nov 18, 2024 3:13 PM
VinFast get funding boost from parent, founder ahead of next year's plans
A Flip by Avya Verma
Netflix shares could be on watchlists after the streaming giant experienced technical glitches as a record 60 million households tuned into its Friday night broadcast of a highly anticipated fight between Jake Paul and Mike Tyson, with slowing bullish price momentum potentially leading to near-term profit taking, and upside target of around $870, with major support levels at $770, $725, and $690.
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The energy trader seeking to buy UK gas assets from Shell Plc and Exxon Mobil Corp. was sued over allegations that he diverted money from an Iranian petrochemical company that was later banned from doing business in the US. Francesco Mazzagatti is accused in a London lawsuit of profiting from an indirect ownership of Mehr Petrochemical Co., an Iranian maker of plastic resin.
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Alibaba Group Holding is planning to sell bonds denominated in US dollars and Chinese yuan to help repay debt and fund stock repurchases, as the e-commerce leader bets on declining interest rates to replenish its capital. The principal amount, interest rates, maturity dates and other terms of the notes would be determined at the time of pricing of the offering, the company said.
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