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111 Says Consortium Led By Co-founder And Co-chairman Gang Yu Withdraws Going Private Proposal
(RTTNews) - Chinese tech-enabled healthcare platform 111, Inc. (YI) announced Tuesday that it has received a notice on behalf of the consortium comprising Dr. Gang Yu, co-founder and co-chairman of the Company, Mr. Junling Liu, co-founder, co-chairman and chief executive officer of the Company and certain other investors, stating that the Consortium would withdraw its preliminary non-binding going private proposal dated September 9, 2022 and preliminary non-binding going private proposal dated October 29, 2022.
The Consortium will formally terminate further negotiation with the special committee of the Company's board of directors regarding the transactions as contemplated by the proposals.
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Antipodean Currencies Fall Amid Risk-off Mood
The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Tuesday, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation.
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19 minutes ago
NZ Dollar Slides Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Tuesday.
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1h 27min ago
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
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1h 32min ago
European Shares Poised For Weak Start As Fed Rate Cut Hopes Fade
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2h 10min ago
Sensex, Nifty Deep In The Red On Tariff Worries
Indian shares opened on a sluggish note on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.
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2h 59min ago
Australian Market Extends Early Losses In Mid-market
The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.
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4h 12min ago
Asian Markets Track Wall Street Lower
Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.
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4h 33min ago
Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs
Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.
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5h 4min ago
