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Asian markets track Wall St losses as traders pause after rally
Asian markets track Wall St losses as traders pause after rally
by  AFP

Asian markets turned negative Thursday as investors took their foot off the gas after an extended rally fuelled by expectations the Federal Reserve will slash interest rates next year. "An upside surprise in the figures is crucial to bolster the credibility of the Federal Reserve's efforts to push back against market rate cut expectations.

Warner Brothers Discovery explores merger: report
Warner Brothers Discovery explores merger: report
by  AFP

Warner Brothers Discovery shares slid more than 5 percent Wednesday after reports emerged that the media and entertainment giant is exploring a merger with rival Paramount Global. Warner Brothers Discovery had a market value of about $28.4 billion based on its closing share price Wednesday -- more than double the roughly $10.3 billion valuation of Paramount Global based on its closing share price.

US electric scooter company Bird files for bankruptcy
US electric scooter company Bird files for bankruptcy
by  AFP

US electric scooter rental company Bird announced Wednesday that it filed for bankruptcy protection as the once-hot startup reorganizes itself. Bird was part of a generation of scooter companies that grew fast in the late 2010s.

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