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Heyday raises $555 million in Series C financing

SAN FRANCISCO: Heyday raised $555 million in a funding round led by Raine Group and Indian tycoon Azim Premji’s investment firm. Heyday acquires consumer-goods companies that sell products on Amazon…
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U.S. retail sales surge 1.7% in October

WASHINGTON: U.S. retail sales surged 1.7% last month, the Commerce Department said on Tuesday. Data for September was revised higher to show retail sales increasing 0.8% instead of 0.7% as…
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Peloton to sell $1 billion worth of shares

NEW YORK: Peloton Interactive Inc. will sell $1 billion of stock, a company statement said. Durable Capital Partners LP, TCV, and funds and accounts advised by T. Rowe Price Associates…
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500 Global appreciates Pakistani start-ups

Pakistani technology start-ups took the spotlight as Courtney Powell, Chief Operating Officer and Managing Partner, 500 Global, a USD 1.8 billion international venture capital firm, visited the National Incubation Centre…
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BHP Group to sell BHP Mitsui Coal for $1.35bn

LONDON, UK: BHP Group signed a deal to sell its stake in BHP Mitsui Coal (BMC), a metallurgical coal joint venture in Queensland, to Stanmore Resources for up to $1.35 billion, a…