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JD files for $2b Hong Kong second listing

Bloomberg Chinese e-commerce giant JD.com Inc has filed confidentially for a second listing in Hong Kong, according to people with knowledge of the matter, joining rival Alibaba in tapping the city’s stock market for funds. The offering could raise at least $2 billion, the people said, asking not to be identified because the information is private. The Beijing-based company, which ...

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Argentina, creditors are at loggerheads on take it or leave it offer

Bloomberg Some of Argentina’s key creditors are rejecting invitations to speak with the nation’s finance team this week as both sides jockey for more favourable terms in a $65 billion debt restructuring. Tensions are building as the clock counts down on two key deadlines: May 8 for a debt-exchange offer and May 22, when a 30-day grace period for coupon ...

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Virus loan program approves more than $52 billion in relief

Bloomberg The Trump administration said it’s approved more than $52 billion in loan requests for small businesses so far in the relaunch of a coronavirus relief program, even as lenders said they’ve struggled to submit applications and advocates worry that funds will run out before many mom-and-pop firms get help. The US Small Business Administration (SBA) said it’s processed almost ...

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