Gold prices started soaring on Thursday (August 29, 2019) amidst fears over recession. The demand for the metal started growing during the period of rising political and economical turmoil. Spot gold rose 0.2% to $1,542.06 per ounce whereas U.S. gold futures were up 0.1% at $1,550.80 an ounce as reported by Reuters. According to Michael…
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Asia stocks soared on Tuesday (August 27, 2019) as a result of the United States President Donald Trump offering a positive outlook on China and stating that the US and China would be able to reach a trade deal between them. He also said he believes that Beijing looks forward to initiating an agreement. As…
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During the early trading on Friday (August 23, 2019), Asian markets started rising. This was ahead of the Federal Reserve Chairman Jerome Powell’s speech. The investors were anticipated to hear any clues on whether the US central bank will cut interest rates in the future. According to CNN Business, Hong Kong’s Hang Seng Index (HSI)…
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The biggest e-commerce company of China, Alibaba Group was supposed to be listed in Hong Kong but as a result of the ongoing political unrest in the city, it has decided to delay its plan to issue a secondary offering. Going by the ticker name NYSE: BABA, the Hong Kong listing postponed by Alibaba is…
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Due to the fact that the People’s Bank of China (PBOC) decided to tweak the rates in order to support the slowing economy, the Chinese stocks started soaring. As a result of the ongoing trade war, Asia stocks started plunging and the People’s Bank of China decided to reduce the borrowing costs for companies. Analysts…
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Going by the ticker name (NYSE: BABA), Alibaba is ready to announce their first quarter fiscal 2020 earnings results on August 15, 2019. However, Alibaba is expected to display a slow growth in revenue. Irrespective of the expected slow revenue growth, the analysts are remaining optimistic about its profitability. According to Refinitiv data, the estimated…
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Officially known as Saudi Arabian Oil Company, Saudi Aramco is the world’s largest oil and gas company by revenue. Engaged in the petroleum and the natural gas business, its headquarters is based in Dhahran, Saudi Arabia. Although the company stated that their profit fell during the first half due to the fact that oil prices…
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Based in Haryana, India and founded in 2011, ReNew Power is the brainchild of Sumant Sinha who is an entrepreneur in the renewable energy sector. Although it is at the start-up level, the company has raised more than $1 billion of funds in 2019 itself. Currently, the company hold the largest portion of wind and…
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The famous ride hailing company released their second quarter earnings report and it was better than what Wall Street expected. After Lyft released their better than estimated earnings for the quarter, the stock soared as high as 13% after-hours. However, later, the stock fell probably due to the fact that the company is moving up…
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The giant in the entertainment industry reported their third-quarter results. Unfortunately, for them, it was unfavourable as it was below the consensus expectations of the analysts. On Tuesday, the shares plunged about 3.7% in after-hours trading after the announcement. Both earnings and revenue were below the estimated values. According to the report, the revenue was…
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