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Brazil senator drops proposal to tax low-cost online orders from bill

UPDATE 1-Brazil senator drops proposal to tax low-cost online orders from bill Adds details, Senate president comments in paragraphs 3 and 4 BRASILIA, June 4 (Reuters) - A proposal to tax Brazilians' small online purchases from abroad was dropped from a bill on sustainability tax incentives for automakers on Tuesday, prompting the nation's Senate to postpone a vote on the wider bill.
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Brazil senator drops proposal to tax low-cost online orders from bill

Brazil senator drops proposal to tax low-cost online orders from bill BRASILIA, June 4 (Reuters) - A proposal to tax online international purchases under $50 was dropped from a wider bill ahead of an expected vote in the Brazilian Senate on Tuesday and should be debated separately, the senator in charge of the bill said. The unpopular 20% import tax on international low-cost online purchases was removed from a bill on sustainability tax incentives for automakers that was approved last week by th
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IT firm Xero launches $850 mln convertible notes offering due 2031

UPDATE 1-IT firm Xero launches $850 mln convertible notes offering due 2031 Adds details in paragraph 4-6 June 4 (Reuters) - Software service company Xero XRO.AX on Tuesday announced it is raising $850 million by offering fixed coupon guaranteed senior unsecured convertible notes that are due to be repaid by 2031. The move follows a recent surge in convertible bond offerings, including deals from Alibaba 9988.HK worth $4.5 billion and notable issues from Lenovo 0992.HK and JD.com 9618.HK amounti
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China rallies open-source software efforts advance military aims, US defense group says

China rallies open-source software efforts advance military aims, US defense group says By Stephen Nellis May 30 (Reuters) - A Chinese nonprofit group with ties to the nation's government is coordinating efforts among China's biggest technology firms to develop open-source software with military applications, a U.S.-based defense policy group says.
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Alibaba Completes $5 Bln Offering Of Convertible Senior Notes

BRIEF-Alibaba Completes $5 Bln Offering Of Convertible Senior Notes May 30 (Reuters) - Alibaba Group Holding Ltd 9988.HK : ALIBABA GROUP: ANNOUNCES COMPLETION OF US$5 BILLION OFFERING OF CONVERTIBLE SENIOR NOTES Source text for Eikon: [ID:n0001193125-24-149515] Further company coverage: 9988.HK
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China stocks close marginally higher after IMF upgrades GDP forecasts

China stocks close marginally higher after IMF upgrades GDP forecasts Updates to market close SHANGHAI, MAY 29 (Reuters) - China stocks ended slightly higher on Wednesday, after the International Monetary Fund (IMF) upgraded its economic growth forecasts for the Asian giant. China's economy is set to grow 5% this year, after a "strong" first quarter, the IMF said on Wednesday, raising its earlier forecast of 4.6% expansion.
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China stocks up as IMF upgrades GDP forecasts

China stocks up as IMF upgrades GDP forecasts SHANGHAI, MAY 29 (Reuters) - China stocks edged up on Wednesday, as the International Monetary Fund (IMF) upgraded its economic growth forecasts for the Asian giant. China's economy is set to grow 5% this year, after a "strong" first quarter, the IMF said on Wednesday, raising its earlier forecast of 4.6% expansion.
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Lenovo to issue $2 bln of convertible bonds to Saudi's Alat to repay debt

UPDATE 2-Lenovo to issue $2 bln of convertible bonds to Saudi's Alat to repay debt Adds further details and background in paragraphs 4, 7-9 May 29 (Reuters) - Lenovo Group 0992.HK said on Wednesday it would issue $2 billion worth of zero-coupon convertible bonds to Alat, and had signed a collaboration agreement with the Saudi Arabian company to set up a manufacturing facility there.
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China cashes in banking chips for tech drive

RPT-BREAKINGVIEWS-China cashes in banking chips for tech drive The author is a Reuters Breakingviews columnist. The opinions expressed are his own. Updates to add graphic. By Chan Ka Sing HONG KONG, May 28 (Reuters Breakingviews) - China is roping in financial blue-chips in a renewed push to achieve technological self-sufficiency. Six of the country's biggest lenders have invested in Beijing's third and largest semiconductor fund, marking a new and riskier phase in China's industrial ambitions.
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Alibaba Health hits near 10-week peak as yearly profit soars

BUZZ-Alibaba Health hits near 10-week peak as yearly profit soars ** Shares of Alibaba Health Information Technology Ltd 0241.HK jump 15.6% to HK$3.55, their highest since March 21, and on course for the second session of gains ** Stock of the Alibaba-backed BABA.N healthcare flagship platform on track for the biggest one-day pct rise since Decembe
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China cashes in banking chips for tech drive

BREAKINGVIEWS-China cashes in banking chips for tech drive The author is a Reuters Breakingviews columnist. The opinions expressed are his own. Updates to add graphic. By Chan Ka Sing HONG KONG, May 28 (Reuters Breakingviews) - China is roping in financial blue-chips in a renewed push to achieve technological self-sufficiency. Six of the country's biggest lenders have invested in Beijing's third and largest semiconductor fund, marking a new and riskier phase in China's industrial ambitions.
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Indonesia probing Shopee, Lazada units for alleged competition rule breaches

UPDATE 1-Indonesia probing Shopee, Lazada units for alleged competition rule breaches Adds details throughout JAKARTA, May 27 (Reuters) - Indonesia's anti-trust agency said on Monday it is investigating the local units of e-commerce platforms Shopee and Lazada for suspected violations of anti-competition rules. The companies are PT Shopee Internasional Indonesia, and PT Ecart Webportal Indonesia, which oversee the domestic operations of Shopee and Lazada respectively.
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Alibaba's AliExpress recruits Beckham to 'score more' global sales

Alibaba's AliExpress recruits Beckham to 'score more' global sales By Casey Hall SHANGHAI, May 27 (Reuters) - AliExpress, an e-commerce site owned by Chinese giant Alibaba, has signed former England soccer captain David Beckham as a brand ambassador as it plays catch-up with rival PDD Holdings' Temu in a battle to sell cheap made-in-China goods to the world.
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China stocks close down on US rate concerns, Taiwan tensions

China stocks close down on US rate concerns, Taiwan tensions Updates to market close SHANGHAI, May 24 (Reuters) - China stocks c losed down on Friday, tracking global markets lower as strong U.S. economic data overnight bolstered the prospect of interest rates staying higher for longer, damping risk appetite. Also denting investor sentiment, China's military carried out a second day of war games around Taiwan on Friday, with drills to test their ability to "seize power" and control key areas, ex
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China stocks fall on US rate concerns, Taiwan tensions

China stocks fall on US rate concerns, Taiwan tensions SHANGHAI, May 24 (Reuters) - China stocks fell on Friday, tracking global markets lower as strong U.S. economic data overnight bolstered the prospect of interest rates staying higher for longer, damping risk appetite. Also denting investor sentiment, China's military carried out a second day of war games around Taiwan on Friday, with drills to test their ability to "seize power" and control key areas, exercises it has said were launched to p
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Alibaba's HK stock set for worst week in 9 months after convertible bonds plan

BUZZ-Alibaba's HK stock set for worst week in 9 months after convertible bonds plan ** Hong Kong shares of Alibaba Group Holding Ltd 9988.HK slip 1.2% to HK$77.70, on course for fifth straight session of decline ** Stock on track to end the week down 8.6% if losses hold, the biggest weekly percentage drop since mid-August 2023 ** U.S.-listed stock
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Nvidia cuts China prices in Huawei chip fight, sources say

EXCLUSIVE-Nvidia cuts China prices in Huawei chip fight, sources say Nvidia slashes price of its most-advanced China chip Price cut underlines challenge in China market amid US sanctions Huawei plans to increase shipments of its Ascend 910B chip in 2024 Beijing tells local firms to buy Chinese chips, gives Huawei leg-up By Fanny Potkin SINGAPORE, May 24 (Reuters) - Nvidia's NVDA.O most advanced AI chip it developed for the China market has got off to a weak start, with abundant supply forcing it
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China's Alibaba to raise $4.5 bln through convertible bonds, repurchase shares

UPDATE 2-China's Alibaba to raise $4.5 bln through convertible bonds, repurchase shares Changes sourcing, adds details throughout May 23 (Reuters) - Alibaba Group Holding Ltd 9988.HK said on Thursday the Chinese e-commerce giant would sell convertible bonds to raise about $4.5 billion and plans to use some of the proceeds to repurchase American Depositary Shares.
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China stocks fall on global rate worries, Taiwan tensions

China stocks fall on global rate worries, Taiwan tensions Updates to market closing levels SHANGHAI, May 23 (Reuters) - China and Hong Kong stocks closed down on Thursday, tracking regional markets lower as investors digested the implications of policymakers in major economies preferring to take a patient approach to monetary easing amid sticky inflation.
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Alibaba's Hong Kong stock falls on report of convertible bond plan

BUZZ-Alibaba's Hong Kong stock falls on report of convertible bond plan ** Hong Kong shares of Alibaba 9988.HK drop as much as 6.6% to HK$77.55, their lowest May 13, and on track for the fourth consecutive session of decline ** Stock on course for the biggest one-day pct drop since Nov. 17; third biggest pct loser in Hang Seng Index .HSI , Hang Sen
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