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SoftBank-backed Paytm to allot 2.6 million shares in fundraising

SoftBank-backed Indian digital payments startup Paytm’s parent is set to allot about 2.6 million shares to investors, according to a latest filing by the company. A source familiar with the matter said the allotment by One 97 Communications Ltd was part of last month’s $1 billion fundraise, which valued Paytm at $16 billion. Alibaba’s Alipay, SoftBank’s SVF Panther (Cayman) and funds managed by T Rowe Price were among the investors, financial data accessed by business intelligence platform Tofler dated Dec. 12 showed. …read more […]

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10 Countries with the Highest Coffee Consumption in the World

Coffee will never go out of fashion, as evidenced by the 10 countries with the highest coffee consumption in the world. There is nothing better in the world than a hot, steaming cup of coffee to jolt you awake in the morning. Similarly, nothing comes close to coffee as you attempt to pull an all-nighter […] …read more […]

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Pound Surges Most in 2 1/2 Years as Election Results Filter In

(Bloomberg) — The pound jumped by the most since 2017 on mounting signs Boris Johnson’s Conservative Party was on course to secure a strong majority in the U.K. election, raising hopes of an end to the Brexit deadlock.The surge took sterling to its highest level since May 2018 against the dollar and the strongest rate versus the euro since just after the 2016 Brexit vote. The news also rippled through to other assets with the euro touching a four-month high. FTSE 100 Index futures pared an initial decline. U.K. government bonds may come under pressure at the open as uncertainty …read more […]

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Trump Approves U.S.-China Trade Deal to Halt Dec. 15 Tariffs

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. President Donald Trump signed off on a phase-one trade deal with China, averting the Dec. 15 introduction of a new wave of U.S. tariffs on about $160 billion of consumer goods from the Asian nation, according to people familiar with the matter.The deal presented to Trump by trade advisers Thursday included a promise by the Chinese to buy more U.S. agricultural goods, according to the people. Officials also discussed possible reductions of existing duties on Chinese products, they said. The …read more […]