Today's Top Story
Pinterest valued at $12.7 billion in IPO, sign of tech demand after Lyft struggles
NEW YORK (Reuters) - Pinterest Inc's initial public offering set the online scrapbook company's valuation at $12.7 billion on Wednesday, above its expectations and a sign of strength for the tech IPO market after Lyft Inc's struggles. Read More
Amazon, facing entrenched rivals, says to shut China online store
SAN FRANCISCO/BEIJING/HONG KONG (Reuters) - Amazon.com Inc said it will shut its China online store by July 18, as the U.S. e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world's most populous nation.
U.S. antitrust scrutiny tests T-Mobile's $26 billion bet on Sprint
(Reuters) - T-Mobile US Inc's $26 billion deal to buy Sprint Inc banked on changes in wireless technology and media streaming to win U.S. antitrust approval, but the bet now looks precarious.
Sino-U.S. trade deal negotiation makes new progress: China's commerce ministry
BEIJING (Reuters) - There has been new progress in negotiating the text of a Sino-U.S. trade deal, but work remains to be done, China's commerce ministry spokesman, Gao Feng, told a regular news briefing on Thursday.
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Stocks erase week's gains after weak manufacturing surveys
LONDON (Reuters) - Global shares erased this week's gains on Thursday after weak manufacturing surveys from Asia and Europe stoked fears of a slowdown in global growth, adding to profit taking ahead of the long Easter weekend.
Major automakers fear Trump 'grenade' - imposing U.S. auto tariffs
NEW YORK (Reuters) - Major automakers are bullish on the outlook for the U.S. economy and auto sales, but one big question remains - will President Donald Trump throw a grenade into the sector by imposing sweeping tariffs of up to 25 percent on car and auto parts imports?
Trump team readies PR offensive on North America trade deal's economic effects
WASHINGTON (Reuters) - The Trump administration is readying a public relations offensive over the economic impact of its new North American trade deal to counter a crucial report expected on Thursday that economists see as likely to show minimal gains at best.
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Bridgewater warns of peak U.S. profit margins, lower stock prices
(Reuters) - The major drivers of high U.S. corporate profit margins are unsustainable and "now under threat", which will eventually result in much lower equity prices, Bridgewater Associates, the world's largest hedge fund, said on Wednesday in a report.
Exclusive: Advent readies new $2.2 billion Latam private equity fund - sources
SAO PAULO (Reuters) - U.S. private equity firm Advent International Corp is preparing to launch a $2.2 billion fund to invest in Latin American companies, two people with knowledge of the matter told Reuters.
Norway's wealth fund extends ownership of New York real estate
OSLO (Reuters) - Norway's sovereign wealth fund will pay about $98 million dollars to extend the term of its ownership in a portfolio of New York properties and to acquire a few new, the fund said on Wednesday.
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