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Business

Sea Ltd shuts operations in some Latin American countries, cuts Free Fire staff in Shanghai

By polokonet September 25, 2022September 19, 2022

Singapore-based Sea Ltd's (SE.N) e-commerce arm Shopee will exit Argentina and shut local operations in Chile, Colombia and Mexico while its Garena gaming unit will lay off hundreds of staff…

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Business

Understanding Ethereum’s major ‘Merge’ upgrade

By polokonet September 24, 2022September 19, 2022

Ethereum, the blockchain that underpins the world's second-largest crypto token ether, will soon undergo a major software upgrade that promises to slash the amount of energy needed to create new…

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Business

ECB must keep on raising rates to fight inflation, policymakers say

By polokonet September 23, 2022September 19, 2022

The European Central Bank must keep raising interest rates, prioritising its fight over painfully high inflation, even if that comes at a cost to growth, European Central Bank policymakers said…

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Business

Bearing the scars: One year of Turkey’s unorthodox easing cycle

By polokonet September 22, 2022September 19, 2022

Nearly 12 months ago, Turkey's central bank embarked on a rate-cutting cycle in the face of soaring inflation, defying traditional monetary policy and running against a global trend of rising…

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Business

China EV maker Leapmotor puts off $1.5 billion Hong Kong IPO

By polokonet September 21, 2022September 19, 2022

Chinese electric vehicle maker Zhejiang Leapmotor Technology has shelved a plan to raise $1.5 billion through an initial public offering (IPO) in Hong Kong because of lukewarm investor interest, said…

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Business

BOJ’s Kuroda weighs in to warn against ‘rapid’ yen moves

By polokonet September 20, 2022September 19, 2022

Bank of Japan Governor Haruhiko Kuroda said rapid yen moves were undesirable after a meeting with Prime Minister Fumio Kishida on Friday, joining a chorus of policymakers lobbing verbal warnings…

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Business

Japan unveils near-term steps to offset hit from rising prices

By polokonet September 19, 2022

Japan's government on Friday unveiled near-term stimulus steps to soften the economic blow of high food and energy prices on low-income households, businesses and farmers. The move by the government…

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