Updated version at 8.15 am
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April 7, 2021,
- The S&P 500 slipped on Tuesday but stayed near closing record highs posted in consecutive sessions, as investors weighed more strong U.S. economic data against nervousness about upcoming quarterly earnings reports.
- CVC Capital Partners is considering buying a major stake in Japanese conglomerate Toshiba Corp. The Nikkei reported earlier that CVC plans to propose a deal to take Toshiba private through a tender offer that could be worth more than $20 billion.
- Diagnosticos da America SA, a health-care firm owned by Brazil’s billionaire Bueno family, is poised to raise at least 3.3 billion reais ($590 million) in a share sale to finance a hospital acquisition spree it recently embarked on.
- The High Court has issued a bankruptcy notice against Najib Razak following a request from the Inland Revenue Board (IRB) over taxes the former prime minister owes to the government.
- The International Monetary Fund (IMF) maintains its forecast on Malaysia’s gross domestic product (GDP) growth this year at 6.5%, according to its latest World Economic Outlook (WEO) report.
- Britain’s new regulator has been set up to stop big tech giants Facebook and Google abusing their market dominance after the competition regulator said existing rules were not enough.
- Cryptocurrency firm Paxos said on Tuesday that it will apply for a formal clearing agency license from the US Securities regulator, following a pilot test in which Credit Suisse and Instinet settled US-listed stock trades on the same day using Paxos’ settlement service.
- Facebook Inc on Tuesday said a recently reported data leak affecting potentially 530 million users stemmed from a misuse of a feature in 2019 and that the company had plugged the hole after identifying the problem at the time.
- Singapore-based StashAway on Wednesday announced that it has launched its digital wealth advisory platform in Hong Kong and is licensed by the Securities and Futures Commission.
- An Indian court on Tuesday said China’s ByteDance must deposit around $11 million that federal authorities believe the company owes in an alleged case of tax evasion.