Finance News - LeadStory

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PANDEMIC STOCK WINNERS SLIP AS WORKING FROM HOME ENDS

Firms like Netflix, Peloton, Zoom and Delivery Hero were big winners in times of lockdown, seeing their stock prices soar. But as the world edges back towards normality investors see signs that t...

Reuters

3 days ago

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QATAR AIRWAYS, AIRBUS IN MAJOR FALLOUT, ORDERS CANCELLED

Airbus has revoked a big jet order from Qatar Airways amid a falling out between the two over compensation for flaws in some planes. Julian Satterthwaite reports.

Reuters

3 days ago

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BURBERRY, RICHEMONT ADD TO LUXURY BRANDS' REVIVAL

Jewellery helped Richemont sales jump amid a luxury revival following the global health crisis, while Burberry lifted its profit outlook after full-price sales accelerated. Natalie Powell reports

Reuters

5 days ago

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CHOCOLATE-MAKER LINDT SUFFERS DIFFICULT YEAR, BLAMES SUPPLY

Swiss chocolate maker Lindt & Spruengli expects sales of its upmarket chocolates to grow less in 2022 than last year, it said on Tuesday, and blamed supply chain bottlenecks for a slowdown in late ...

Reuters

6 days ago

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GOLDMAN SACHS POSTS SHARP PROFIT DROP

Goldman Sachs' profit fell nearly 13% and missed expectations on Tuesday as a less volatile equity market hurt its trading business and dampened a bumper year for deals. Fred Katayama reports.

Reuters

6 days ago

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CHINA'S ECONOMY STUMBLES AS OUTBREAKS, LOCKDOWNS HIT

China's economy rebounded in 2021 from its pandemic-induced slump helped by robust exports but the pace slowed further in the fourth quarter off the back of weak consumption and a property downturn...

Reuters

6 days ago

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PROFITS DROP AT JPMORGAN, CITI BUT JUMP AT WELLS

Quarterly profits fell at JPMorgan Chase and Citigroup, but they nearly doubled at Wells Fargo as banks kicked off earnings season Friday. Fred Katayama reports.

Reuters

7 days ago

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ARGENTINA: URGENT 'DEBT RESTRUCTURE' TO AVOID ECONOMIC COLLAPSE

Argentina is trying to work out a deal with the International Monetary Fund (IMF) in a bid to avoid economic collapse. The government has until March to restructure billions of dollars in debt, lo...

Al Jazeera

10 days ago

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EVERGRANDE FIGHTS DEMOLITION OF DOZENS OF BUILDINGS

A property crisis in China is deepening as the number of debt-ridden developers grows after Beijing capped their loans. Real estate giant Evergrande is struggling to pay back $300bn in loans. And...

Al Jazeera

11 days ago

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EVERGRANDE STAVES OFF BANKRUPTCY WITH EXTENSION

China Evergrande Group on Thursday secured approval from onshore bondholders to delay payments on one of its bonds, as other cash-strapped developers also scrambled to negotiate new terms with cred...

Reuters

11 days ago

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DELTA AIRLINES WARNS OF MOUNTING FINANCIAL LOSSES

Delta Air Lines on Thursday reported higher quarterly earnings on the back of strong holiday travel demand but warned of a loss in the quarter through March due to turbulence caused by the Omicron ...

Reuters

11 days ago

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U.S CONSUMER PRICES SEE SHARPEST SURGE SINCE 1982

Consumers in the United States could be forgiven for feeling as if they are stuck in an unpleasant time warp, with latest government figures showing that inflation last month surged at its fastest ...

Al Jazeera

11 days ago

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JUST EAT TAKEAWAY SEES ORDERS JUMP

Just Eat Takeaway.com, Europe's largest meals delivery company, on Wednesday reported fourth-quarter order growth of 14% and maintained its financial forecasts for 2022. Francis Maguire reports.

Reuters

12 days ago

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VW SALES HIT 10-YEAR LOW, BMW RACES AHEAD

Volkswagen Group posted its lowest sales figures in 10 years in 2021 at 8.9 million deliveries, the carmaker said on Wednesday, adding it expected supply chain conditions to remain volatile in the ...

Reuters

12 days ago

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BITCOIN SELL-OFF CONTINUES, SLIPS BELOW $40,000

Bitcoin's continued slide to start the year saw the cryptocurrency fall below $40,000 for the first time since September. ProChain Capital President David Tawil explains why he sees $38,000 as a ...

Bloomberg

13 days ago

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BITCOIN IS 'UNDER PRESSURE' AS FALLS DEEPEN

Emily Chang and Ed Ludlow talk about why Bitcoin went viral today after dipping below $41,000. It's not the first scare for the flagship cryptocurrency: after reaching a record near $69,000 in Nove...

Bloomberg

16 days ago

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BITCOIN, OTHER CRYPTOCURRENCIES CONTINUE TO FALL

Maja Vujinovic, managing director of investment and advisory firm OGroup LLC, spoke to Cheddar about factors impacting the price of a Bitcoin. She attributed some of the drop-offs in the cryptocu...

Cheddar News

17 days ago

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EVERGRANDE SEEKS SIX-MONTH DELAY ON DEBT PAYMENTS

China Evergrande Group will seek a six-month delay in the redemption and coupon payments of a 4.5 billion yuan ($157 million) bond in a meeting with bond holders this weekend, underscoring the pres...

Reuters

19 days ago

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GOLDMAN SACHS: BITCOIN WILL TAKE MARKET SHARE AWAY FROM GOLD

Bitcoin will take market share away from gold in 2022 as digital assets become more widely adopted, a Goldman Sachs analyst said in a research note to clients. Fred Katayama reports.

Reuters

19 days ago

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APPLE SET TO PASS $3 TRILLION MARKET VALUE 'AGAIN'

Apple Inc looked set to cross $3 trillion in market value at open on Tuesday, after the world's most valuable company briefly hit the milestone a day earlier.

France 24

20 days ago

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PROTESTERS DEMAND MONEY BACK FROM EVERGRANDE

Protesters gathered outside Evergrande headquarters on Tuesday to demand their money back from the ailing property developer. Julian Satterthwaite reports.

Reuters

20 days ago

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AILING CHINESE PROPERTY GIANT EVERGRANDE SUSPENDS TRADING

Baocheng Liu, director of the Centre for International Business Ethics at the University of International Business and Economics in Beijing, told Euronews that if Evergrande were to collapse, the "...

EuroNews

20 days ago

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TESLA SHARES JUMP AFTER STRONGER THAN EXPECTED SALES

Tesla shares zoomed higher in early trading Monday after reporting stronger-than-expected quarterly deliveries of its electric cars, allaying fears of supply chain woes that other automakers have s...

Reuters

20 days ago

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THE YEAR IN FINANCE: ELON MUSK, MEMES AND CRYPTO

From a blockbuster year for Tesla, to meme-stock mayhem and crypto chaos, we round up the big numbers in business and finance over the course of 2021. Ilan Rubens reports.

Reuters

24 days ago

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SENSETIME SHARES SOAR ON FIRST DAY OF HONG KONG LISTING

SenseTime Group shares jumped as much as 23% from their IPO price as they debuted on the Hong Kong Stock Exchange on Thursday in the city's final major float for the year. Jayson Albano reports.

Reuters

25 days ago

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BITCOIN'S LATEST DOWNTURN BLAMED ON VOLATILE MARKET

While slumps within the crypto market have typically correlated with major developments, such as China's crypto crackdown or Tesla reversing course on accepting bitcoin, the current slide is coming...

Cheddar News

25 days ago

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TEXAS TOWNS BECOME HAVEN FOR BITCOIN MINING

Bitcoin is giving a former aluminium plant in Texas a new industry. Crypto miners are pouring in from all over the world and offering millions for a spot there. And Rockdale, a rural Texas town...

Al Jazeera

27 days ago

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U.S RETAIL SALES UP AS ONLINE SHOPPING BOOMS

U.S. retail sales rose 8.5% during this year's holiday shopping season from Nov. 1 to Dec 24, a report by Mastercard Inc said on Sunday, powered by a rush to stores amid supply chain concerns as CO...

Reuters

28 days ago

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AILING PROPERTY GIANT EVERGRANDE SAYS 'CONSTRUCTION RESUMING'

China Evergrande Group said on Sunday it had made initial progress in resuming construction work with its chairman vowing to deliver 39,000 units of properties in December, compared with fewer than...

Reuters

29 days ago

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LUXURY BRITISH OUTLET SELFRIDGES ACQUIRED FOR $5 BILLION

Luxury British store chain Selfridges is being sold to a Thai retailer and an Austrian property company in a deal that a source close to the matter said was worth around $5.37 billion. Julian Satte...

Reuters

1 month ago