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UBS, JPMorgan downgrades China Growth Forecast After April Data
... China's economic growth this year after activity in April was crushed by Covid -related restrictions, creating an even harder battle for the world's second largest economy. None Biden misspeaks on Taiwan, Says the US Military Would Intervene None of Walmart s Troubles Should Have Everyone on High Alert The impact of Covid Zero was cited by UBS on Tuesday as it cut its year-on-year gross domestic product growth forecast to 3% from 4.2%. The economy is likely to rebound in the third and fourth quarters ...
Updated: 05/24/2022
China announces package of measures to boost businesses
... out a broad package of measures to support businesses and stimulate demand, as it tried to offset the damage caused by Covid lockdowns on the world's second-largest economy. None Biden misspeaks on Taiwan, Says the US Military Would Intervene None of Walmart s Troubles Should Have Everyone on High Alert The measures include 140 billion yuan $21 billion in additional tax rebates and 300 billion yuan in railway construction bonds, according to a report from the China s State Council , chaired by Premier ...
Updated: 05/24/2022
Brazil's Bolsonaro fires Petroleo chief
... Jair Bolsonaro fired the chief executive of state-owned Petroleo Brasileiro SA a little over a month after appointing him to the job due to the fight over high fuel costs. None Biden misspeaks on Taiwan, Says the US Military Would Intervene None of Walmart's Troubles Should Have Everyone on High Alert The government thanked Jose Mauro Ferreira Coelho , who was nominated to lead the oil giant in mid-April, but said Brazil is living through challenging times because of the volatility of oil prices ...
Updated: 05/24/2022
Oil falls on signs of EU rift on Russian embargo
... from last week's record. Oil fell on signs that the European Union is struggling to agree on an embargo on Russian imports, and as gasoline sank from last week's record. None Biden misspeaks on Taiwan, Says the US Military Would Intervene None of Walmart's Troubles Should Have Everyone on High Alert West Texas Intermediate slid below $110 a barrel in early Asian trading after ending little change in Monday s session. The 27 nation bloc is unlikely to approve the ban when leaders meet next week,...
Updated: 05/24/2022
Stock markets in Asia, Japan, Hong Kong and Asia
Do Not Can Can Go The US Military Would Intervene massacres Dele Dele Dele Beaks on Taiwan, says the US Military Futures were higher in Japan, Australia and Hong Kong. None Biden misspeaks on Taiwan, Says the US Military Would Intervene None of Walmart s Troubles Should Have Everyone on High Alert Futures were higher in Japan, Australia and Hong Kong. President Joe Biden said that China's tariffs imposed by the Trump administration are being reviewed, helping the S&P 500 and Nasdaq 100 advanced....
Updated: 05/23/2022
Zoom reports better-than-expected q1 sales and profit
... Bloomberg Video Communications Inc. projected sales and profit for the current quarter that surpassed Wall Street's estimates. Shares increased by about 6% in extended trading. None of Biden misspeaks on Taiwan, Says the US Military Would Intervene None of Walmart's Troubles Should Have Everyone on High Alert Revenue will be as much as $1.12 billion in the period ending July, according to the San Jose, California-based company. According to Bloomberg , analysts estimated $1.11 billion, or a growth of about ...
Updated: 05/23/2022
These are the most volatile stocks on the block
... markets had mixed performances last week. Cboe reported a rise in two European market proxies -- Europe's MSCI European and the United Kingdom's iShares FTSE 100 - but a decline in France's Lyxcor CAC 40 and Germany's iShares DAX 30. Doug McMillion's Walmart Inc. WMT wins chart of the week after a potent reaction to an earnings report that was not aligned with analyst estimates. Cboe noted important upcoming earnings that could lift investors eyebrows in the following week. The SPDR S&P 500 ETF declined ...
Updated: 05/23/2022
Paytm Payments Bank expects RBI to lift restrictions in 5 months
... INR 100 crore - much less than in 2020 when it was valued at $3 billion INR 21,000 crore. Paytm made its debut on the Indian exchanges in November last year in one of the biggest public offerings in the country. The shares have sunk 70%. Read Next: Walmart Intensifies its rivalry with Google , Amazon by Targeting India's Budding Payments Market.
Updated: 05/23/2022
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