Apple stock was up 1.2% when Wall Street opened Friday morning, valuing the company at $3.01 trillion, according to Bloomberg. To cement that historic milestone for the day, the technology giant will need to close at or above $190.73, according…
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Parts of the US bond yield curve have inverted more deeply after the Federal Reserve signaled further interest-rate hikes, suggesting that investors are fretting about a recession. The widely-tracked economic indicator is a graphical representation of the spread between long- and short-term…
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Beijing is on course to achieve its 5 per cent economic growth target for 2023, says Chinese Premier Li Qiang at the World Economic Forum meeting. TIANJIN: Chinese Premier Li Qiang slammed efforts in the West to “de-risk” the global economy as…
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A global summit seeking to overhaul the international financial system wraps up Friday after taking small steps towards easing the debt burden of developing nations weighed down by climate and economic crises. While host country France pitched the conference as…
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China’s economy is floundering – and that could be bad news for Wall Street. From a slowdown in industrial production to plunging import and export levels, investors are assessing warning signs that Beijing is struggling to restart growth after it…
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Ecobank Group, and The Pan African Payment and Settlement System (PAPSS) have signed a Memorandum of Understanding (MoU) to facilitate settlement of cross-border transactions of the Group, including the transactions of all their subsidiaries, through PAPSS. The MoU was signed during the…
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Some fear automated stock trading done by computers will fall victim to fake images generated with artificial intelligence (AI). But experts say algorithmic trading could actually be the key to market stability. On one Monday morning in May, US financial…
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Private equity deal value in Greater China slumped 53 per cent in 2022, shrinking its share in Asia-Pacific to a nine-year low while India’s cake expanded Funds are excited about values in Japan, succession planning at conglomerates like Hitachi, Olympus…
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Chinese lenders cut loan prime rates for the first time since August amid deepening struggle in housing market Alibaba Group slips from a two-month high; Daniel Zhang Yong to step down as chairman and CEO to oversee cloud-computing unit Hong…
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Adobe lifted its annual earnings outlook Thursday after reporting fiscal second-quarter results that beat Wall Street estimates. Adobe Systems Incorporated (NASDAQ: ADBE) shares gained 3% in after-hours trade following the report. The software maker reported adjusted EPS of $3.91 on revenue of…
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