Business

Global stocks stumble on coronavirus outbreak in China By Reuters

© Reuters. An investor watches stock prices at a brokerage’s office in Beijing, China, July 6, 2018. REUTERS/Jason Lee/File Photo By Neil Mackenzie LONDON (Reuters) – Global stocks and oil prices fell on Monday as new restrictions over the novel coronavirus in China exacerbated concerns about the global economic outlook. The safe-haven dollar rose, while …

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European markets fell slightly as investors gauged the economic outlook

Stocks on the go: Virgin Money up 13%, IDS down 5% Virgin Money Shares jumped more than 13% to top the Stoxx 600 in early trade after the company reported an increase in pre-tax profit for the 2022 financial year and announced a £50m ($59.4m) share buyback programme. At the bottom of the cursor, an …

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Chinese real estate stocks rose this month. But the analyst warns of “weak reality” against high expectations

China’s home prices fell in October due to lower prices in the least developed countries, the so-called Tier 3 cities, according to a Goldman Sachs analysis of official data. Publishing in the future | Publishing in the future | Getty Images BEIJING – China’s real estate sector is yet to recover quickly, although stocks of …

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The Elon Musk Pay Trial confirms that he is irreplaceable as CEO of Tesla [Editorial]

The impeachment trial of Elon Musk regarding Tesla’s compensation package as CEO of the company led to some revelations last week. One surprising finding from the experience is that Elon Musk has a potential successor in mind for the CEO position of Tesla. This discovery made many wonder if Elon Musk plans to step down …

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US CryptoFed registration at risk as SEC claims filing anomalies

Disclaimer: The article has been updated based on an official response from the American CryptoFed DAO. COO Xiaomeng Zhou explained why the SEC is not legally allowed to issue a stop order. American CryptoFed DAO, the first decentralized autonomous organization (DAO) to gain legal recognition in the US, is at risk of losing its registration …

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Hong Kong shares fell 2% amid fears of the spread of the Covid virus. China keeps benchmark lending rates on hold

Hong Kong movers: Stocks reopen and tech stocks drop as China reports Covid-related deaths Japanese trading houses rise as Berkshire Hathaway is reported to boost its stake Shares of some Japanese trading companies rose early in the Asian session, despite the decline in the region’s markets, after billionaire Warren Buffett’s Berkshire Hathaway boosted his stake …

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Bob Iger returns as CEO of Disney immediately, replacing Bob Chapek

Bob Iger is back. DisneyIn a shock announcement late Sunday, it said it had reappointed Iger as CEO, effective immediately, after former CEO Bob Chapek came under fire for his running of the entertainment giant. “It is with an incredible sense of gratitude and humility — and I must confess a little surprise — that …

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Do you turn off your lights when you leave the house? There is a good reason to start

This story is part of Home tipsCNET’s collection of practical tips for making the most of your home, inside and out. Air-conditioning season may be over, but utility bills are expected to rise through the remainder of 2022. In fact, utility companies and energy experts warn that heating costs will rise, on average, by 12% …

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Hong Kong shares fell 2% in the Asia session; China keeps benchmark lending rates on hold

China is keeping its loan prime rates suspended as expected China left its benchmark lending rate unchanged for the third consecutive month, according to an announcement from the People’s Bank of China. The one-year principal loan rate is fixed at 3.65%, the notice said, and the five-year rate is also suspended at 4.3%. – Abigail …

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