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Wells Fargo offers new crypto product
Wed, 19 May 2021 19:00:08 GMT
 
On Wednesday, Wells Fargo announced that it could offer an active cryptocurrency strategy for the bank's wealthier clients. >>
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Airbus closes plant in Spain
Wed, 19 May 2021 18:00:06 GMT
 
Airbus announced on Wednesday that the company would close industrial production at its factory in Cadiz, in southern Spain. >>
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Crypto market suffers losses
Wed, 19 May 2021 17:00:07 GMT
 
By the start of Wednesday's US trading hours, the global cryptocurrency market had erased almost $1 trillion in market capitalization. >>
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Singapore Airlines posts loss
Wed, 19 May 2021 16:00:08 GMT
 
On Wednesday, Singapore Airlines announced a record annual loss of $3.2 billion. In addition, the company revealed that it would issue new bonds. >>
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Wall Street opens lower
Wed, 19 May 2021 15:00:09 GMT
 
US stock indices started Wednesday's US trading with a decline, as a broad sell-off of all stocks was being attributed to fears of inflation. >>
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ETH drops more than 20%
Wed, 19 May 2021 14:00:06 GMT
 
On Wednesday, the price for Ethereum dropped by more than 20%, as the government of China announced restrictions on crypto services. >>
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JD.com tops market expectations
Wed, 19 May 2021 13:00:08 GMT
 
On Wednesday, China's JD.com reported its Q1 revenue topped Wall Street forecasts due to growth remaining strong in the local e-commerce sector after the COVID-19 pandemic. >>
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Japan plans to raise spending
Wed, 19 May 2021 12:19:22 GMT
 
Japan announced its plans on Wednesday to boost its spending to promote the advanced semiconductor chips and batteries local production under the 2021 growth agenda, according to the Nikkei newspaper. >>
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Pirelli unveils new FSC-certified tyres
Wed, 19 May 2021 11:16:16 GMT
 
On Wednesday, the Italian tyremaker Pirelli has unveiled the first FSC-certified tyres in the world for BMW's plug-in hybrid model X5 xDrive45e. >>
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Chinese government bans crypto
Wed, 19 May 2021 09:47:14 GMT
 
On Wednesday, the government of China tightened the rules that do not allow payment companies and financial institutions in China to provide cryptocurrency related services. >>
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Take-Two tops quarterly forecasts
Wed, 19 May 2021 09:00:09 GMT
 
Take-Two Interactive Software reported its quarterly sales and profit topped analysts' forecasts on the pandemic-driven higher demand for the company's "NBA 2K" and "Grand Theft Auto" popular franchises. >>
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US, Mexico, Canada discuss trade deal
Wed, 19 May 2021 07:53:30 GMT
 
Trade ministers from Canada, Mexico and the United States discussed their new North American trade agreement and promised to fully enforce the deal's higher standards. >>
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KKR to acquire UK's John Laing
Wed, 19 May 2021 07:35:52 GMT
 
On Wednesday, KKR, the private equity firm, announced it would acquire John Laing Group, the UK infrastructure investor, in a deal worth around £2.0B ($2.84B). >>
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Macy's raises forecasts
Wed, 19 May 2021 06:00:08 GMT
 
Macy's, the US department chain, boosted its annual profit and sales outlook, as vaccinations encourage US citizens to in-store shopping as stores had been closed for over a year. >>
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BOA to raise minimum wage to $25
Wed, 19 May 2021 05:00:08 GMT
 
On Tuesday, Bank of America announced plans to increase its hourly wage for workers in the United States to $25 by 2025. >>
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