China growth hopes rest on troubled local government financing vehicles

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If the Chinese government is able to reach its economic growth target of 5.5 per cent this year, it will be due in part to retail investors such as Jane Song. In May, Song invested Rmb200,000 ($29,600) in a fixed-income wealth management product issued by a local government financing vehicle in eastern Shandong province. A … Read more

Hopes raised for College Football Playoff expansion agreement as interest in 16-team model grows

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INDIANAPOLIS — Just as it looked like College Football Playoff expansion was heading towards finality, conference realignment started by Texas and Oklahoma jumping to the SEC put the entire process on hold. Last month’s meeting of the FBS commissioners in Park City, Utah, went so well that those who spent the last year battling over … Read more

Can Bollywood Stage A Recovery In 2022? As ‘Shamshera’ Opens, Hindi Film Industry Pins Hopes On Packed Schedule, New Theatrical Windows

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When Yash Raj Films’ Shamshera opens at the Indian box office tomorrow, all eyes in Mumbai’s Hindi-language film industry, popularly known as Bollywood, will be closely watching the release. With a big star, Ranbir Kapoor, major studio and reported $20M budget behind it, hopes are high that the period action film will signal a recovery … Read more

China fines Didi Global $1.2 bln, fuelling hopes of thaw in regulatory crackdown

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HONG KONG/BEIJING, July 21 (Reuters) – China’s cybersecurity regulator on Thursday fined Didi Global Inc $1.2 billion, concluding a probe that forced the ride-hailing leader to delist from New York within a year of its debut and made foreign investors wary about China’s tech sector. Didi ran afoul of the Cyberspace Administration of China (CAC) … Read more

Jordan Peele’s ‘Nope’ Hopes To Rope $50M At Weekend Box Office

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Universal’s Nope, one of the few remaining tentpoles in a rebounding summer box office, looks to provide a lift this weekend with an estimated $50M start at 3,700 theaters with an eye at guys 17-34. Nope is the third genre film from Oscar winner Jordan Peele, and while its start in U.S./Canada will be above that of his … Read more

Looking to get your funds out of a collapsed crypto platform? Don’t get your hopes up

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Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors’ crypto when a platform fails. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Traders hoping to recoup their funds from failed cryptocurrency exchanges anytime soon are likely to end up disappointed, legal experts tell CNBC. Crypto trading and lending … Read more