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Dollar falls with reduced Syria anxiety

NEW YORK / Reuters The dollar fell broadly on Monday on hopes that a US-led strike on Syria would not escalate, rekindling some appetite for stocks and other risky assets and spurred investors to reduce safe-haven holdings of the greenback. Government data that showed a rebound in US store sales in March failed to lift the dollar which has been ...

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Tencent-backed fashion app seeks US IPO at $4 billion value

Bloomberg Yet another Chinese technology company is headed for an initial public offering (IPO). Meilishuo, the online fashion retailer backed by Tencent Holdings Ltd., is in talks with several investment banks about a US initial public offering that could value the startup at about $4 billion, according to people familiar with the matter. The women-focussed online retailer hosted a bake-off ...

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Honda’s never-used plant finally starting up

Bloomberg Honda is finally planning to open its newest factory in Brazil, idle since it was built in 2015. But not for the reason they originally intended. The carmaker built the Itirapina, São Paulo, plant for 1 billion reais ($290 million) with the plan of doubling its capacity in the country. Instead, the automaker will transfer operations to the facility ...

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