JPMorgan lifts China growth forecasts after ‘surprisingly positive’ US deal

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AI firm Perplexity eyes $14 billion in valuation in fresh funding round, WSJ reports
Venture capital firm Accel is set to lead the round, the report said. Perplexity did not immediately respond to a Reuters request for comment. The Nvidia-backed startup provides artificial intelligence search tools that deliver information summaries to users, similar to OpenAI’s ChatGPT and Google’s Gemini. T …. Read More >>

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Blackstone in talks to buy utility TXNM, source says
Conversations between Blackstone Infrastructure Partners and TXNM about structuring an agreement are ongoing, said the source, who cautioned the situation was fluid and there was no guarantee a deal would be struck.The source spoke on condition of anonymity to discuss confidential deliberations.Bloomberg News …. Read More >>

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Trump says he may ease sanctions on Syria
Syria has struggled to implement conditions set out by Washington for relief from U.S. sanctions, which keep the country cut off from the global financial system and make economic recovery extremely challenging after 14 years of grinding war.”We may take them off of Syria, because we want to give them a fresh …. Read More >>

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JPMorgan lifts China growth forecasts after ‘surprisingly positive’ US deal
The U.S. will cut extra tariffs it imposed on Chinese imports in April to 30% from 145%, while Chinese duties on U.S. imports will fall to 10% from 125%. The new measures are effective for 90 days.”The magnitude of the temporary tariff reduction is larger than expected,” analysts at the U.S. bank said in a no …. Read More >>

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