News

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Fri, 27 Aug 2021 15:30:07 GMT

Powell expects inflation growth to stop

The US Federal Reserve Chair Jerome Powell highlighted on Friday that the economy continued the post-pandemic recovery and inflation growth is likely to decelerate in near future.

Thu, 26 Aug 2021 14:30:11 GMT

Digital-Kioxia plans to create chipmaker giant

According to the sources familiar with the matter, the US Western Digital is discussing with Japanese Kioxia potential $20B stock merger.

Thu, 26 Aug 2021 13:30:09 GMT

ONS publishes stats on British workers

The UK Office for National Statistics reported on Thursday that 7% of all country's workers were on furlough in August.

Thu, 26 Aug 2021 12:30:06 GMT

Barclays strengthens position in India

Barclays announced on Thursday that it would invest $400M into its arm in India to bolster developing investment banking activity.

Thu, 26 Aug 2021 11:30:09 GMT

CIBC beats experts' prognoses

Canadian Imperial Bank of Commerce (CIBC) reported on Thursday quarterly profit which beat market experts' expectations.

Thu, 26 Aug 2021 10:35:20 GMT

China remains satisfied with relations with US

The Chinese government stated on Thursday that it was satisfied with current communication with Washington on trade.

Wed, 25 Aug 2021 16:30:09 GMT

EY receives fine from UK

On Wednesday, Ernst & Young LLP received a 3.5 million GBP fine from the United Kingdom accounting regulators over a 2017 Stagecoach Group audit.

Wed, 25 Aug 2021 14:30:10 GMT

Markets await Powell's speech

During early Wednesday's trading, stock indices were muted, as the markets began to wait for the Friday's speech of the head of the US Federal Reserve Jerome Powell.

Wed, 25 Aug 2021 12:30:09 GMT

Oil prices decline

In the aftermath of a two-day rally, crude oil price benchmarks decline on Wednesday, as coronavirus worries reappeared in Asia.

Wed, 25 Aug 2021 10:30:08 GMT

China injects cash into markets

The People's Bank of China announced on Wednesday that it would input into the markets additional $7.72 billion in the form of 50 billion yuan seven-day reverse repos.

Wed, 25 Aug 2021 08:30:06 GMT

Bank of Japan warns about uncertainty

On Wednesday, Board Member of the Bank of Japan Toyoaki Nakamura stated that the recent resurgence of Covid-19 would impact the global economic recovery.

Wed, 25 Aug 2021 06:29:37 GMT

Corporate profits decline

Despite record profits in the second quarter of 2021, on Wednesday, Reuters revealed that global profits should decline by 8% in the third quarter.

Tue, 24 Aug 2021 14:30:07 GMT

Samsung invests in growth

On Tuesday, Samsung revealed that the company would invest $206 billion by 2023 in the company's post-pandemic expansion.

Tue, 24 Aug 2021 12:30:11 GMT

Crude oil prices rise

During Tuesday's early trading hours, crude oil price benchmarks surged, as a global recovery of demand was continuing.

Tue, 24 Aug 2021 11:29:36 GMT

Nvidia stock hits new ATH

Since Nvidia announced its quarterly earnings on August 19, the stock price of the company has been surging. The stock price has gained 15.72% or $29.88 and booked a new all-time high at $219.60.

Tue, 24 Aug 2021 10:30:07 GMT

South Korea reveals interest rate

The Bank of Korea is set to reveal its interest rate on Thursday. The event is expected to impact the value of the South Korean currency.

Tue, 24 Aug 2021 08:30:08 GMT

Better Markets release report

On Tuesday, Better Markets published a 23,000 word report on the policy of the Chairman of the Federal Reserve Jerome Powell.

Tue, 24 Aug 2021 06:42:08 GMT

Asian stocks remain near high

During Tuesday's Asian trading hours, stock indices in Asia remained near previously reached high levels, as monetary easing worries declined.

Mon, 23 Aug 2021 14:30:09 GMT

French Minister comments on economy

The Finance Minister of France Bruno Le Maire stated on Monday that the French economy is doing well due to a rise in consumption.

Mon, 23 Aug 2021 12:30:06 GMT

RBNZ comments on coronavirus

On Monday, an economist of the Reserve Bank of New Zealand revealed to Reuters that the central bank would not change its policy due to the Delta variant of the coronavirus.

Mon, 23 Aug 2021 10:30:07 GMT

PayPal offers crypto

PayPal announced on Monday that the company would offer its clients the selling and buying of cryptocurrencies in the United Kingdom.

Mon, 23 Aug 2021 08:39:15 GMT

Sainsbury's stock jumps

At the start of Monday's London trading hours, the stock price of Sainsbury's jumped by 12.44% or 36.47 GBP. The surge was caused by reports of equity firms launching bids for the company.

Mon, 23 Aug 2021 08:30:09 GMT

Oil prices end decline

On Monday, crude oil prices ended their seven day streak of losses. However, the prices were still far away from a recovery.

Mon, 23 Aug 2021 06:32:41 GMT

Asian stocks recover

During Monday's Asian trading hours, stock indices in Asia recovered from previous low levels.

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