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Luxor Group To Vote Against Proposed IAA Merger At RBA's Upcoming Special Meeting
(RTTNews) - Luxor Group Capital, LP, the manager of funds owning 4.0 mln. shares of Ritchie Bros. Auctioneers Inc. or RBA (RBA, RBA.TO), representing 3.6% of the Company's outstanding shares, announced on Friday that it has issued an open letter with supporting materials to the Company's Board of Directors.
In its letter, Luxor details its serious concerns with the proposed merger between RBA and IAA, Inc. (IAA) and expresses its opposition to the deal.
As such, Luxor announced its intention to vote against the IAA Merger at the Company's yet-to-be scheduled special meeting of shareholders.
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Singapore Shares May Stop The Bleeding On Wednesday
The Singapore stock market has finished lower in three straight sessions, slipping almost 40 points or 0.9 percent along the way. The Straits Times Index now sits just above the 4,220-point plateau although it may find traction on Wednesday.
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12 minuter sedan
Japan Producer Prices Rise 0.2% In July
Producer prices in Japan were up 0.2 percent on month in July, the Bank of Japan said on Wednesday.
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15 minuter sedan
Win Streak May Continue For Malaysia Stock Market
The Malaysia stock market has moved higher in six straight sessions, collecting more than 40 points or 2.7 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,565-point plateau and it's tipped to open in the green again on Wednesday.
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42 minuter sedan
Overbought Japan Bourse Nonetheless Called Higher On Wednesday
The Japan stock market had moved higher in five consecutive sessions, advancing more than 2,480 points or 6 percent along the way. The Nikkei 225 now sits just beneath the 42,720-point plateau and it has a positive lead again on Wednesday.
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57 minuter sedan
KOSPI Poised To Halt Losing Streak
The South Korea stock market has finished lower in three straight sessions, sinking more than 35 points or 1.2 percent along the way. The KOSPI now sits just beneath the 3,190-point plateau although it may stop the bleeding on Wednesday.
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1h 12minuter sedan
Australia Wage Price Data Due On Wednesday
Australia will on Wednesday release Q2 data for its wage price index, highlighting a modest day for Asia-Pacific economic activity. Wages are expected to rise 0.8 percent on quarter and 3.3 percent on year, easing from 0.9 percent on quarter and 34 percent on year in the three months prior.
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2h 12minuter sedan
U.S. Dollar Falls Against Majors
The U.S. dollar dropped against its major counterparts in the New York session on Tuesday.
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3h 9minuter sedan
U.S. Small Business Confidence Improves In July - NFIB
Small business optimism in the U.S. strengthened in July after eroding in the previous month as business expectations turned positive despite a rise in uncertainty, results of a monthly survey by the National Federation of Independent Businesses showed on Tuesday.
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4h 25minuter sedan
