Month: July 2022
Here are the China trends investors bet money on during a sluggish few months
A factory in Suqian, Jiangsu province, China, on May 9, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — By the numbers, manufacturing companies in China snagged the most investment deals in the first half of the year among 37 sectors tracked by business database Qimingpian. In fact, the number of early-stage to […]
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The G-7 is considering a price cap on Russian oil. But energy analysts think it’s impossible
The G7 has floated the idea of an oil price cap, but experts are doubtful about how effective this would be. Picture Alliance | Picture Alliance | Getty Images The world’s seven-largest industrialized economies have floated the idea of a price cap on Russian oil to further squeeze the Kremlin’s ability to fund its onslaught […]
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Recession playbook: Here are some of Wall street’s top stock picks for a downturn
A growing number on Wall Street are talking up the risk of a recession, with Goldman Sachs , Deutsche Bank and more all pointing to a higher probability of a downturn. “Economic data points indicate a higher probability of recession,” Morgan Stanley analysts said in a June 29 note. “Since the beginning of the year, […]
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‘A lot of money’ to be made: Fund manager names his top stocks in a key EV-related sector
Analysts are expecting demand for electric vehicles to boom in the coming decades — and fund manager Steven Glass says there’s one related component with “fantastic” longer-term prospects. It’s copper: a critical component in electric vehicles, used in batteries, wiring, charging points and more. Glass’ call comes at a tough time for the metal. Benchmark […]
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The Quad is going beyond military exercises — and China is watching
Over the years, the Quad has been incorrectly called an “Asian NATO,” especially when it comes to security concerns about another big power in the region — China. The Quad, or the Quadrilateral Security Dialogue, comprises four big, democratic economies: the United States, Japan, India and Australia. Over the years, the Quad has been incorrectly […]
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Asia-Pacific markets set to open higher; central bank decisions ahead this week
SINGAPORE — Asia-Pacific futures pointed to a higher open on Monday ahead of Australia and Malaysia central bank decisions this week. The Nikkei futures contract in Chicago was at 26,285 while its counterpart in Osaka was at 26,320. That compared against the Nikkei 225’s last close at 25,935.62. In Australia, SPI futures were at 6,545, […]
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Several people shot at Copenhagen shopping mall, police say
People leave Field’s shopping center, after Danish police said they received reports of shooting, in Copenhagen, Denmark, July 3, 2022. Ritzau Scanpix | Via Reuters Danish police said Sunday that several people were shot at a Copenhagen shopping mall, one of the largest in Scandinavia. Copenhagen police said that one person has been arrested in […]
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German road traffic agency says 59,000 Tesla vehicles have software glitch
Tesla CEO Elon Musk speaks during the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany. Christian Marquardt | Getty Images Germany’s road traffic agency said it was recalling Tesla models Y and 3 because of a fault in the automatic emergency call system that affects 59,000 vehicles […]
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Australia will ban Russian gold imports, give Ukraine more armored vehicles
Employees process ingots of 99.99 percent pure gold at the Krastsvetmet non-ferrous metals plant in the Siberian city of Krasnoyarsk, Russia March 10, 2022. Alexander Manzyuk | Reuters Australia will provide 34 additional armored vehicles to Ukraine and prohibit Russian gold imports, Australian Prime Minister Anthony Albanese said in Kyiv on Sunday. Speaking at a […]
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Russian diplomats to depart Bulgaria amid soaring tensions
Ukraine’s President Volodymyr Zelenskyy and Bulgaria’s Prime Minister Kiril Petkov shake hands during a joint news conference, as Russia’s attack on Ukraine continues, in Kyiv, Ukraine April 28, 2022. Valentyn Ogirenko | Reuters Two Russian airplanes were set to depart Bulgaria on Sunday with scores of Russian diplomatic staff and their families amid a mass […]
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