Xiaomi's growth slows down

Source: Dukascopy Bank SA
Xiaomi Corp.'s quarterly sales growth slowed remarkably on component shortages and growing competition in China. The company's revenue rose only 8% to $12.2 billion. Net income plummeted 84% to $123 million.
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Thu, 25 Nov 2021 11:15:09 GMT

Turkish lira rebounds after hitting record lows

The Turkish lira rose 7% on Wednesday after a historic downturn to to its record low of 13.45 a day earlier, fueled by President Erdogan's defense of rate cuts, but volatility and price spikes continue to worry consumers and investors.

Wed, 24 Nov 2021 12:30:06 GMT

The Euro falls to its lowest levels as German business morale darkens

The euro dropped 0.3% on Wednesday to its lowest level since July 2020 at $1.1205 after a survey demonstrated a fall in German business morale. The Ifo institute said its business climate index deteriorated to 97.7 following supply bottlenecks and a spike in coronavirus infections.

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