Following market instability, the Hang Seng China Enterprises Index (HSCEI) plummeted 2.4%, a stone’s throw away from its lowest level in 20 years. The CSI 300 index also fell 1.6% at market opening. Across the water, however, Wall Street’s S&P 500 index hit a 2-year record high to close last week’s market. Don’t miss out…
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Coupled with the previous week’s net $11.5bn outflow, this signifies a large disposal between 10 and 17 January. Financial analysts chalk this up to the positive sales report for December 2023 and the Federal Reserve’s negative response to anticipated policy rate cuts in March 2024. Reportedly, prominent US banks’ poor fourth quarter performance, such as…
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The Kazakhstan native’s shares topped the IPO price with 0.5%, giving the banking and fintech leader a value of $17.51bn. On the London Stock Exchange (LSE), where the company already trades, it has a value of over $19bn. On Thursday, 18 January 2024, a day before the company went public, investors increased their offering to…
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Firstly, they secured the Most Trusted Broker MEA 2024 and the Best IB/Affiliate Programme MEA 2024. The awards were held from 16 to 18 January 2024 at the Dubai World Trade Centre, and the event attracted over 3,500 attendees, with Exness acting as the Official Global Partner. Three of Exness’s senior executives delivered talks, including…
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Despite the positive survey from over 60 global chief economists, investors and industry experts are reconsidering when the cuts will come largely because the major global economies have failed to get inflation consistently under its 2% target. Last week, markets predicted a 75% chance of US rate cuts in March of this year. This week,…
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In going public, this social media platform will join listed competitors such as Meta Platforms Inc (META), Pinterest Inc (PINS), Spotify Technology SA (SPOT), and Snap Inc (SNAP). Reddit has reportedly considered launching its IPO for the past three years. Should this listing be realised, it would be the first since 2019, when Pinterest stepped…
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These developments follow hot on the heels of research predicting that the growth in the electric vehicle (EV) industry will fall to roughly 27% in 2024. At the start of this year, Canalys, a global technology market analyst firm, stated that a reduction in government subsidies would spill over to consumer interest in EVs. In…
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Without this feature, the models are due to go on sale on Thursday morning at 14:00 GMT. The technology giant announced on Wednesday after the US Court of Appeals for the Federal Circuit ruled in favour of medical technology company Masimo. According to a Reuters report, the US International Trade Commission (ITC) backed Masimo’s claim…
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The December increase bettered November retail sales by 0.3%, confirming the resilience of American shoppers while bolstering the economy. The numbers also allay fears of stinted economic growth, starting the new year on a positive financial footing. Out of the 13 categories monitored, nine experienced sales increases compared to November 2023. Clothing, fashion accessories, and…
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This material is used in the batteries of these automobiles. OneD is among the startups that develop silicon anode materials. Others in this arena include GDI, Nexeon, and Sila Nanotechnologies. Reportedly, the silicon anode works better than the pure graphite EV batteries. Data shows that China processes more than 90% of the global graphite supply…
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