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Flipkart Expands Banking Plans With Personal Loans Program
Flipkart Expands Banking Plans With Personal Loans Program
July 05, 2023  |  Retail

Walmart’s Flipkart is reportedly entering the lending sector as it battles Amazon for India’s consumers. The eCommerce site has begun offering customers personal loans through...

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Claire’s Scrubs Plans to Go Public Amid Shaky IPO Market
Claire’s Scrubs Plans to Go Public Amid Shaky IPO Market
July 05, 2023  |  Retail

Teen-centric jewelry and accessory retailer Claire’s has scrapped its plan to go public. The company had filed for an initial public offering (IPO) with the...

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South Korea OKs First Banking Expansion in 30 Years
South Korea OKs First Banking Expansion in 30 Years
July 05, 2023  |  Bank Regulation

South Korea has launched a major expansion of its banking sector, currently dominated by just five lenders. The country’s Financial Services Commission (FSC) announced Wednesday...

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Report: Shein in Talks With NYSE and Nasdaq About IPO
Report: Shein in Talks With NYSE and Nasdaq About IPO
July 04, 2023  |  Retail

Online fast-fashion retailer Shein is reportedly working with investment banks about a possible public listing. The Chinese company has held talks with both the New...

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UK Could Make Overseas Banks Replace Branches With Subsidiaries
UK Could Make Overseas Banks Replace Branches With Subsidiaries
July 04, 2023  |  Banking

Great Britain’s central bank is considering new restrictions on international banks doing business in England. As the Financial Times reported Tuesday (July 4), the Bank...

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Report: GTCR Close to Buying Majority Stake in Worldpay
Report: GTCR Close to Buying Majority Stake in Worldpay
July 04, 2023  |  Acquisitions

GTCR is reportedly in advanced discussions to purchase a majority of FIS’ merchant business. The offer by the Chicago-based private equity group would value the payments...

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Yahoo Plans to Become Public Company Again
Yahoo Plans to Become Public Company Again
July 04, 2023  |  Business

Yahoo’s days as a private company could be coming to an end. The tech company’s CEO told the Financial Times Monday (July 4) that he...

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Meta’s Twitter Rival Threads Could Launch Thursday
Meta’s Twitter Rival Threads Could Launch Thursday
July 04, 2023  |  Social Commerce

Meta’s text-based Twitter competitor has a name and an apparent launch date. “Say it more with Threads — Instagram’s text-based conversion app,” reads a listing...

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China’s XReal Sees AR Glasses Shipments Climb as Apple Stumbles
China’s XReal Sees AR Glasses Shipments Climb as Apple Stumbles
July 04, 2023  |  Technology

Chinese augmented reality (AR) glasses maker Xreal is reportedly nearing shipments of 200,000 units. The startup launched in August of last year and shipped 100,000...

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