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China to list eligible dual-listed shares in Stock Connect scheme By Reuters

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© Reuters. FILE PHOTO: A banner promoting Shenzhen-Hong Kong Stock Connect is displayed at Hong Kong stock exchanges in Hong Kong on August 16, 2016. REUTERS/Bobby Yip

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BEIJING (Reuters) – The stock exchanges of Shanghai and Shenzhen said on Saturday that dual-class shares, which have been converted to primary listings in Hong Kong, could be included in the Cross-Border Stock Connect scheme, which could channel new money into eligible shares.

The Stock Connect is an investment channel that connects the Hong Kong, Shanghai and Shenzhen stock exchanges.

In a statement, the exchanges gave the example of Shanghai-based video platform Bilibili (NASDAQ :), whose shares are listed in the United States and Hong Kong.

The exchanges added that after the company converted its secondary listing in Hong Kong to a primary listing on October 3, its shares could be added to the southern portion of the call scheme as soon as March, if they meet certain conditions.

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A growing number of Chinese double-tier companies, including the e-commerce giant Ali Baba (NYSE: :)), Yum China Holdings (NYSE: NYSE: fast food group and chain) has applied to convert its secondary listings in Hong Kong into major menus.

Dual class shares give more voting rights to the company’s founders than individual investors.

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FTX’s LedgerX Attracts Interest From Blockchain.com And Gemini- Bloomberg By Reuters

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© Reuters. FILE PHOTO: The FTX logo is seen at the entrance to the FTX Arena in Miami, Florida, US, November 12, 2022. REUTERS/Marco Bello/File Photo

(Reuters) – FTX’s digital currency futures and clearinghouse are for sale and have drawn interest from crypto firms including Blockchain.com, Gemini, Bitpanda and Kalshi, Bloomberg reported Friday, citing people familiar with the matter.

People told Bloomberg that there may be more than half a dozen other potential buyers for the crypto derivatives exchange, adding that some interested parties have signed non-disclosure agreements.

Blockchain.com, Gemini and Bitpanda did not immediately respond to Reuters’ request for comment, while Kalshi could not be reached for comment.

Cryptocurrency exchange FTX filed for bankruptcy protection in the US on November 11 in the loudest crypto blowout to date, after traders pulled billions from the platform in three days and rival exchange Binance abandoned a bailout deal.

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LedgerX has been removed from bankruptcy proceedings. Acquired by FTX US last year to expand into cryptocurrency futures and options trading.

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Taco Bell has an answer for Chipotle’s most beloved menu item

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Chipotle (CMG) – Get a free report It quietly grabbed the number one spot among Mexican fast food chains using a completely different recipe (so to speak) than its main competitor Yum Brands. (Yum) – Get a free report Taco Bell. Basically, the newer player in the quick service/fast food/quick casual space has decided that prices aren’t going to be a driving factor for it. Instead, Chipotle has built its menu around the idea of ​​using more natural food than well-sourced food.

This was a successful plan until the company was created. The Coli scandal dates back in 2016 as this type of chain fell victim to its own marketing. Fresh foods come with higher risks, and when people get sick at Chipotle, a lot of other fast food chains point to less fresh, processed foods as a safe option.



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Ben & Jerry’s does not have authority to sue over sale of Israeli ice cream By Reuters

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© Reuters. FILE PHOTO: Ben & Jerry’s, a brand of Unilever, is displayed in a store in Manhattan, New York City, US, March 24, 2022. REUTERS/Andrew Kelly

Written by Jessica DiNapoli and Jonathan Stempel

NEW YORK (Reuters) – Unilever (NYSE: plc) has asked a U.S. judge to dismiss a Ben & Jerry’s lawsuit over the sale of the Israeli ice cream maker, saying the subsidiary’s “insistence on taking sides” in the conflict Palestinian Israeli gives its board of directors no authority to stop or even sue the sale.

In a statement Friday afternoon in Manhattan federal court, Unilever said the Ben & Jerry’s board “is no ordinary board.”

In the filings, she said the board has some responsibility to maintain its “social mission” and protect the brand under a shareholder agreement from 2000, when Unilever’s bought Ben & Jerry’s. But Unilever said the board could not sue.

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Unilever also said that the board’s “recent insistence on taking sides in the Israeli-Palestinian conflict has created an intolerable situation” for both sides.

Ben & Jerry’s could not immediately be reached for comment.

The maker of Cherry Garcia and Chubby Hubby ice creams sued Unilever in July to prevent the sale of its businesses in Israel and the occupied West Bank to local licensee Avi Zenger.

Ben & Jerry’s products have been on sale in Israel for more than three decades, but the company said last year that West Bank sales were not in line with its values.

In August, a judge denied Ben & Jerry’s bid to stop those sales outright.

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Last month, Ben & Jerry’s board of directors gave up selling Zinger ice cream, saying its products were “not to be confused with products” made by Ben & Jerry’s.

“Selling products bearing the Ben & Jerry’s insignia in the Occupied Palestinian Territories is contrary to our values,” the council said.

In its motion to dismiss the lawsuit, Unilever also said that Ben & Jerry’s had waited too long to claim that its trademark rights were “taken away” more than 20 years ago, and that the accusations behind the claim are a public matter.

(This story has been reworded to fix a typo in paragraph 1)

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