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China’s love for new mutual funds cools after tough year

  Bloomberg A tumultuous year for Chinese markets looks to be finally weighing on demand for new stock funds. While equity funds have raised 2 trillion yuan ($314 billion) this year — matching 2020’s record — fundraising this quarter is poised to be the slowest in two years, according to data from consultancy Z-Ben Advisors Ltd. Launches have slowed through ...

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Tesla is trounced by obscure EV suppliers with 200% returns

  Bloomberg Producers of battery metals and specialist chemicals for electric cars are outpacing sector leaders like Tesla Inc in the stock market as prices of key commodities climb due to tight supply and wider adoption of zero-emission vehicles. Pilbara Minerals Ltd, a Perth-based supplier of lithium raw materials, jumped more than 210% this year, while Ecopro BM Co and ...

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Adio, Plug and Play reveal founding partners for innovation platform

  Abu Dhabi / WAM Committed to empowering, connecting, and investing in startups, Plug and Play Abu Dhabi, the largest innovation enabler in the world, and Abu Dhabi Investment Office (Adio), the government entity enabling investment in Abu Dhabi, have officially announced their final list of founding partners for the Industry 4.0 open innovation platform in Abu Dhabi. Mid Q3 ...

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