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Redstones, Ellison Seek to Appease Paramount Investors in Deal
The Redstone family and independent film producer David Ellison have both made concessions to make a possible change in control at Paramount Global more appealing to the company’s smaller investors, according to a person familiar with the talks.
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Japan’s Oldest VC Firm Eyes 200% Gain as Unicorns Proliferate
Japan’s oldest venture capital firm is closing in on a target to triple the value of its investment, a sign of resurgence in the country’s startup ecosystem.
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Yuan Devaluation Debate Surfaces as Traders Weigh Next FX Shock
There is modest yet mounting speculation in financial markets that China will need to take an extreme and highly controversial measure to support its moribund economy — devalue the yuan in a big-bang move.
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Fidelity Sees Rupee as Top Carry Trade Pick on RBI’s Tight Grip
The Indian central bank’s tight grip on the rupee is boosting the allure of the currency for carry trades, according to Fidelity International.
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Hajj Pilgrims Get Health Boost in Bill Gates-Supported Disease Control Effort in Saudi Arabia
Hajj pilgrims heading to Saudi Arabia in June will get a health boost under a Bill & Melinda Gates Foundation-supported disease control drive that’s part of a broader effort to eradicate polio.
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Japan’s Ruling Party Loses Special Election in Blow to Premier
Japan’s ruling party lost a special election Prime Minister Fumio Kishida had described in part as a judgment on himself, months ahead of a party leadership vote.
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Tech Tycoon’s Family Office Bets on AI to Prop $10 Billion Fund
PremjiInvest, the largest Indian family office that manages over $10 billion for software tycoon Azim Premji, will invest more money into artificial intelligence companies while fine-tuning its proprietary AI investment tools, a senior executive at the firm said.
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Oil Declines as US Steps Up Efforts to Secure a Truce in Gaza
Oil slipped as the US pushed to broker a peace deal between Israel and Hamas that would reduce geopolitical tensions in the Middle East.
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Scotland First Minister Humza Yousaf Preparing to Resign: Times
Scotland First Minister Humza Yousaf is preparing to quit on Monday as he decided there is no way to survive a confidence vote, The Sunday Times reported.
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Fed Rate Doubts Have Options Traders Covering Both Hikes and Cuts
Treasury options traders are protecting against everything from multiple interest-rate cuts this year to a hike ahead of the US Federal Reserve meeting this week.
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