AJ Impact

Jack Ma's Ant seeks $200bn valuation in dual IPO

China's internet finance leader Ant Financial to seek a dual-listing in Hong Kong and Shanghai, sources tell Bloomberg.

Jack Ma's Ant seeks $200bn valuation in dual IPO

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'No one silver bullet' to fix systemic economic racial inequality

Atlanta Fed President Bostic says redressing long-standing US racial economic inqualities requires a deep reckoning.

'No one silver bullet' to fix systemic economic racial inequality

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US banks set aside $28bn for loan losses as pandemic aid dries up

Banks brace for borrowers to default as government stimulus and temporary coronavirus assistance are set to expire soon.

US banks set aside $28bn for loan losses as pandemic aid dries up

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'Nuclear-like weapon': US mulls striking Hong Kong dollar peg

Some in Trump administration favour the move but others argue it would hurt Hong Kong and US, but not China: Report

 'Nuclear-like weapon': US mulls striking Hong Kong dollar peg

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Deutsche Bank hit with $150m fine for Jeffrey Epstein dealings

New York said Deutsche failed to monitor Epstein's transactions despite ample evidence of his sexual misconduct.

Deutsche Bank hit with $150m fine for Jeffrey Epstein dealings

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PPP's lingering question: Did the neediest benefit?

The data provides transparency for the first-come-first-served programme that has been dogged by fairness issues.

$660bn PPP aid: Trump admin releases names of biggest borrowers

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Police search Wirecard offices in Germany, Austria for $2.1bn

The fintech company's stock slid about 95 percent in the two weeks since it acknowledged the missing billions.

Police search Wirecard offices in Germany, Austria for $2.1bn

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Saudi Arabia's largest lender eyes merger with rival Samba

Saudi's National Commercial Bank and Samba Financial Group could make merger plans public soon, sources tell Bloomberg.

Saudi Arabia's largest lender eyes merger with rival Samba

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What $2.1bn? Wirecard says missing funds most likely do not exist

German payments firm says it has withdrawn its full-year 2019 and first-quarter 2020 results after accounting scandal.

What $2.1bn? Wirecard says missing funds most likely do not exist

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$211bn: The amount of profits China wants its banks to forego

To help boost the economy, Beijing wants banks to lower lending rates, cut fees and defer loan repayments.

$211bn: The amount of profits China wants its banks to forego

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Bleak: BP slashes $17.5bn from assets as COVID-19 batters markets

The oil and gas giant cut its long-term forecasts betting the pandemic will cast a lasting chill on energy demand.

Bleak: BP slashes $17.5bn from assets as COVID-19 batters markets

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Bowing to Beijing: Pompeo berates HSBC for backing Hong Kong law

US secretary of state says nations should resist pressure from Beijing, and Washington stands ready to help them.

Bowing to Beijing: Pompeo berates HSBC for backing Hong Kong law

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SoftBank launches $100m fund investing in 'people of colour'

The fund will invest in entrepreneurs 'from communities that face systemic disadvantages', says Softbank CEO.

SoftBank launches $100m fund investing in 'people of colour'

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Small businesses received aid twice or more in COVID-19 response

Money mistakenly handed out could amount to hundreds of millions of dollars, sources told Reuters.

Small businesses received aid twice or more in COVID-19 response

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Wall Street closes month of gains on hopes of economy reopening

But tensions between the US and China continue to fuel concerns that recent stock market gains could be derailed.

Wall Street closes month of gains on hopes of economy reopening