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Ethos valuation jumps to nearly $3 bln after SoftBank funding

Online life insurance platform Ethos said on Wednesday it raised $100 million in a late-stage funding round from SoftBank Vision Fund 2 (9984.T), bringing its valuation to $2.7 billion. Backed

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China says it will continue to open up financial sector

China will continue to open up its financial sector and improve rules for foreign banks and insurance firms entering the market, state media quoted the cabinet as saying on Wednesday.

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For most emerging market central banks, the only way is up

While top central banks such as the Federal Reserve, the ECB and the Bank of Japan may be sitting on their hands as inflation rises, many of their peers in

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MGM resorts, Orix submit proposal to build first casino in Japan

U.S. Casino operator MGM Resorts International (MGM.N) and partner Orix Corp (8591.T) have submitted a proposal to build their first casino resort in Japan, the financial services group said on

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U.S. mortgage applications decline in latest week as rates steadily rise -MBA

The number of applications for U.S. home mortgages declined last week, driven by a decrease in both refinancing and purchase activity as mortgage rates rose. The Mortgage Bankers Association (MBA)

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Eyeing IPO, Volvo Cars to take full control of its Chinese business

Volvo Cars has struck a deal to buy out parent company Zhejiang Geely Holding (GEELY.UL) from their joint ventures in China, in a move that could make a potential initial

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Daimler sees chip shortage dragging on into 2022

A global shortage of semiconductor chips will dent car sales in the second half of 2021 and will extend into 2022, Daimler AG (DAIGn.DE) said on Wednesday, but the maker

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