Author Archives
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Unexpected Drop In Euro Zone Retail Sales In October Due To Weak German Performance
Retail sale number in eurozone fell unexpectedly in September as the largest economy of the bloc – Germany, did not perform to expectations with sluggish non-food sales, according to Eurostat statistics released on Friday. Retail sales in the 19 eurozone… Read More ›
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China Imports Its Three-Year Lowest Volume Of Crude Oil In October
Large state-owned refiners in China deferred purchases of crude oil due to rising prices and independent refiners remained constrained by import limits resulting in the country’s crude oil imports dropping down to their lowest level since September 2018. According to… Read More ›
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Another Chinese Real Estate Giant Misses Key Bond Payment, Raising Further Concerns In The Property Market
Shares of another Chinese developer were suspended from trading after it failed to service a payment deadline, and this exasperated the already precarious real estate market of the second-largest economy of the world. The Hong Kong Stock Exchange suspended trading… Read More ›
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Kroger Investigating Fake Press Release Touting Bitcoin Cash Acceptance By The Firm
Kroger Co is investigating the issuing of a bogus news release claiming that the company will accept bitcoin currency at its shops, the grocer announced on Friday. This made the company the second big retailer in recent weeks to be… Read More ›
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Close Eye At Ports To Be Kept By China To Curb Pandemic Risks
China has announced a high alert situation because of the Covid-19 pandemic as authorities implement stringent norms on movement in and out of the nation to decrease the threats of the spread of the pandemic in the wake of a… Read More ›
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New Study Finds Cervical Cancer Rate Is Reduced By Up To 87% By Older HPV Vaccine
A long-running English research revealed that young women have an 87 per cent decreased chance of getting cervical cancer due to the human papillomavirus (HPV) if they are vaccinated against the virus in their teens using an earlier GlaxoSmithKline medication… Read More ›
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StanChart Q3 profit doubles as bad loans shrink
Standard Chartered posted a higher-than-expected quarterly pre-tax profit on fewer loan impairment costs on Tuesday, as the developing markets-focused lender benefited from a recovery in pandemic-affected areas. Statutory pretax profit for the bank, which generates the majority of its business… Read More ›
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Its US IPO Could Value EV Startup Rivian Nearly As Much As Honda
Rivian Automotive Inc, funded by Amazon.com Inc, is aiming for a value of more than $53 billion for its U.S. debut, putting the electric car maker on par with competitor Honda Motor. The business is aiming to raise up to… Read More ›
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Higher Oil Price And Volumes Pushes Saudi Aramco’s Quarterly Profit
Aramco, the Saudi Arabian national oil company, announced on Sunday that its third-quarter net profit more than doubled in the last quarter, helped by increased crude oil prices and quantities sold, outperforming analysts’ expectations. The highest quarterly average crude prices… Read More ›
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US Intelligence Agencies Do Not Expect To Conclusively Find Origins Of Covid-19
Intelligence agencies in the United States would be unable to determine if Covid-19 spread through animal-to-human transmission or spilled from a lab until a breakthrough is made, authorities said, while providing a more detailed version of their investigation into the… Read More ›
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