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Saturday, January 25, 2020

China virus outbreak thwarts most bullish stock market in years

January 21, 2020 10:58:10 am

The declines come just days before China celebrates the Lunar New Year, a typically strong season for traveling and consumer spending.

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Tesla’s market value zooms past that of GM and Ford – combined

January 9, 2020 11:21:55 am

Tesla Inc's stock jumped nearly 5 per cent on Wednesday, closing at a record $492.14 per share and elevating its market capitalization to almost $89 billion, or $2 billion larger than the sum of General Motors' and Ford's respective market caps of $50 billion and $37 billion.

How Aramco’s huge IPO fell short of Saudi Prince’s wish

Saudi Aramco falls on US-Iran tensions; debt markets little changed

January 8, 2020 4:46:06 pm

Saudi Aramco opened at 34 riyals ($9.06), its lowest since it began trading on Dec. 11, putting the market value of the company at around $1.8 billion, down from a peak of $2.06 trillion on Dec 12.

China won’t hike grain import quotas for US trade deal: Caixin report

January 7, 2020 11:16:13 am

The report raises further questions about how China will meet a target of spending billions of dollars more on US agricultural goods as the two countries look to reach an initial agreement to calm an extended trade war.

Asian shares stumble, oil surges after US air strikes in Iraq

January 3, 2020 1:50:20 pm

Iranian Major-General Qassem Soleimani, head of the elite Quds Force and top Iraqi militia commander Abu Mahdi al-Muhandis were killed early on Friday in a US air strike on their convoy at Baghdad airport, the Pentagon said.

Japanese shares dip; Nissan hits 8-yr low as top exec decides to quit

December 25, 2019 12:57:30 pm

The Nikkei share average ticked down 0.20% to 23,782.87 while the broader Topix lost 0.39% to 1,721.42, with 34 shares declining for every 10 gainers. Nissan Motor fell 3.1% to a low last seen in September 2011 after Jun Seki, its vice chief operating officer and a former contender for CEO, said he was leaving the firm to become the president of Nidec Corp.

Articles of impeachment dangerous attack on Americans' right to choose president: WH lawyers

Trump approves US-China trade deal to halt December 15 tariffs

December 13, 2019 11:17:46 am

The deal presented to Trump by trade advisers Thursday included a promise by the Chinese to buy more US agricultural goods, according to the people familiar with the matter.

Bitcoin plummets to a six-month low on China crackdown

November 22, 2019 6:15:52 pm

Bitcoin slumped to a six-month low on Friday after China's central bank launched a fresh crackdown on cryptocurrency

China raises estimate of economy’s size following census

November 22, 2019 12:37:15 pm

The National Bureau of Statistics said Friday the revision reflects more complete measures of the services sector and assets. It raises the possibility China’s communist leaders will attain their target of doubling the country’s GDP between 2010 and 2020.

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Alibaba guides pricing on Hong Kong listing around HK$176

November 20, 2019 12:11:52 pm

With a Hong Kong listing in sight, Alibaba will challenge Tencent Holdings Ltd. for the title of the largest listed corporation in the city.

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Saudi Arabia cuts Aramco valuation, boosts loans to get IPO done

November 18, 2019 10:42:31 am

Aramco will sell just 1.5 per cent of its shares on the local stock exchange, about half the amount that had been considered, and seek a valuation of between $1.6 trillion and $1.71 trillion.

World’s rich readying for major stock sell-off, UBS Wealth says

World’s rich readying for major stock sell-off, UBS Wealth says

November 12, 2019 4:14:07 pm

A majority of rich investors expect a significant drop in markets before the end of next year, and 25 per cent of their average assets are currently in cash, according to a survey of more than 3,400 global respondents.

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OPEC sees its oil market share shrinking, lowers demand view

November 5, 2019 3:26:43 pm

OPEC's production of crude oil and other liquids is expected to decline to 32.8 million barrels per day (bpd) by 2024, the group said in its 2019 World Oil Outlook published on Tuesday.

Brexit confusion weighs on pound, dents risk appetite

October 23, 2019 8:46:13 am

With no major economic data scheduled in Asia on Wednesday, traders will be left to ponder whether Britain will hold a general election to break the impasse.

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Harry and Kate to visit Pakistan, cover response of local communities to climate change

October 5, 2019 9:47:13 am

This will be the royal couple's first official visit to Pakistan. They will try to meet as many people as possible during the trip, the British embassy said.

Fed policymakers ‘open’ to rate cut as risks to outlook rise

October 4, 2019 10:04:22 am

The US consumer and economy are in a "good place," and the US labor market is "very healthy," Clarida said. At the same time, risks include slowing global growth, uncertainty over trade, and persistent low inflation overseas, all of which impact the US economy.

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Brent could rally above $75 if Saudi outage extends beyond 6 weeks: Goldman

September 16, 2019 4:14:27 pm

Oil prices surged on Monday, with global benchmark Brent crude posting its biggest intra-day percentage gain since the Gulf War in 1991, after the attack on Saturday shut over 5% of global supply.

World must invest $1.8 trillion to take on climate change: report

World must invest $1.8 trillion to take on climate change: report

September 11, 2019 12:45:54 pm

A global commission — which includes billionaire Bill Gates and former UN chief Ban Ki-moon — has called on nations to invest now to protect against the effects of climate change.

Down, down they go: Emerging central banks deliver most rate cuts in a decade

Down, down they go: Emerging central banks deliver most rate cuts in a decade

September 3, 2019 9:48:28 am

Interest rate moves by central banks across a group of 37 developing economies showed a net fourteen rate cuts last month - the largest number since policy makers ramped up measures to kickstart economic growth in the wake of the financial crisis.

China sets yuan mid-point below key 7 per dollar for first time since 2008

As Chinese currency’s declines, it’s not all Beijing’s doing

August 28, 2019 9:34:18 am

Since the Trump administration began to talk of imposing tariffs on Chinese exports in early 2018, the currency is down roughly 10%. The drop has picked up speed in August, with the yuan down about 4%.

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