Asian shares rallied on Monday as some semblance of calm returned to bond markets after last week’s wild ride, while progress in the huge U.S. stimulus package underpinned optimism about the global economy and sent oil prices higher. China’s official manufacturing PMI out over the weekend missed forecasts, but...
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Asian shares rose on Monday as concerns over rising COVID-19 cases and delays in vaccine supplies were eclipsed by expectations of a $1.9 trillion fiscal stimulus plan to help revive the U.S. economy. Global equity markets have scaled record highs in recent days on bets COVID vaccines will start...
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Intel Corp (NASDAQ:INTC) executives have raised the possibility of licensing chipmaking technology from outside firms, a move that could see it exchanging manufacturing secrets with rival Taiwan Semiconductor Manufacturing Co Ltd (TSMC) or Samsung Electronics (OTC:SSNLF) Co Ltd. Intel is one of the few remaining semiconductor firms that both...
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The euro rose to a one-week high against the greenback even as European Central Bank President Christine Lagarde stoked fears the eurozone is set for a double-dip recession as the pandemic ravages economies across the bloc. EUR/ USDrose 0.47% to $1.2161. The ECB left its rates unchanged and maintained...
1.GOOGLE- Google parent Alphabet Inc is shutting down its internet balloon business, Loon, which aimed to provide a less expensive alternative to cell towers, saying on Thursday that it was not commercially viable. Founded in 2011, Loon aimed to bring connectivity to areas of the world where building cell...
Asian shares eased from record highs on Friday as investors took some money off the table after a recent rally that was driven by hopes a massive U.S. economic stimulus plan by incoming President Joe Biden will help temper the COVID-19 impact. “The markets had such a strong run...
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Tesla (NASDAQ:TSLA) Inc’s vehicle registrations in the U.S. state of California jumped nearly 63% during the fourth quarter compared with last year, largely due to the success of the company’s Model Y, according to data from Cross-Sell https://info.cross-sell.com/tesla-special-report-0, a research firm that collates title and registration data. The automaker...
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1.GOOGLE-EU antitrust regulators have sought information from advertisers regarding Google advertising technology practices, a European Commission document seen by Reuters shows. Alphabet-owned Google, the world’s largest online search engine, has been hit with fines totalling 8.25 billion euros ($10 billion) in the last three years for blocking rivals in...
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Europe Inc’s fourth-quarter reporting season will test investor confidence in profit recovery as a new round of social restrictions is expected to have driven earnings down more than 25% while further blurring the outlook. Boosted by COVID-19 vaccine roll-outs and massive fiscal and monetary stimulus, European stocks have rallied...
Asian stocks rose to new record highs on Thursday, tracking U.S. markets as investors hoped for more economic stimulus from newly inaugurated U.S. President Joe Biden to offset damage wreaked by the COVID-19 pandemic. Republicans in the U.S. Congress have indicated they are willing to work with the new...
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