Archive for Tag: stock market news

Business software group SAP

SAP forms financial services alliance with investor Dediq

SAP AG UP 0.09% AT 111.21 Business software group SAP said on Tuesday it was forming a joint venture with Munich-based investor Dediq to develop new digital solutions for banking and insurance. Under the deal, Dediq will invest more than 500 million euros ($595 million) in developing premium products...

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Brent Crude

Oil drops amid rising stockpiles and COVID-19 demand concerns

Brent Crude was trading 1.18% down at $68.06. Oil prices dropped on Tuesday, extending declines to three consecutive days, as rising stockpiles in the United States added to the risks to a demand recovery after countries including Germany and France halted COVID-19 vaccinations. Brent Crudewas down 69 cents, or...

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brent crude futures

Oil hits almost 14-month high after OPEC+ extends output cuts

WTI CRUDE was trading 2.48 up at $65.41. Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand. Brent crude futures were up $1.52,...

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Crude Oil Market News

Oil optimism unwinding market’s mad dash for storage

Brent was trading 0.06 up at $63.73. When the world economy slammed on the brakes last year, there was a rush to store a wave of unwanted crude and products, but rising prices and optimism about demand is spurring a swift unwinding of storage contracts. At the end of...

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Walmart's Flipkart

Walmart’s Flipkart expands grocery sales, WALMART INC UP 1.12% AT 131.37

Walmart-owned Flipkart will sell groceries online in more Indian cities, as it seeks to compete better with Amazon and Reliance in an e-commerce market that has grown rapidly during the COVID-19 pandemic. Flipkart has already expanded online grocery sales to more than 50 Indian cities and intends to reach...

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France stocks higher at close of trade; CAC 40 up 0.30%

France stocks were higher after the close on Thursday, as gains in the Foods and drugs sectors and General Financial sectors led shares higher. At the close in Paris, the CAC40 gained 0.30%, while the SBF 120 index gained 0.42%. The best performers of the session on the CAC...

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Asian stocks hit fresh records on hopes for global recovery

Asian shares rose to record highs on Friday, with Japan’s Nikkei hitting a three-decade peak as investors looked beyond rising coronavirus cases and political unrest in the United States to focus on hopes for an economic recovery later in the year. The upbeat mood came after Wall Street hit...

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1.Veoneer:– Automotive technology group Veoneer expects to have returned to organic sales growth in the fourth quarter of 2020 and sees growth accelerating in 2021, it said in a statement on Thursday. The Swedish maker of vision systems, radar and software for advanced driver-assistance systems (ADAS) also said it...

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