FILE PHOTO: People pass a sign from the Industrial and Commercial Bank of China (ICBC) at the site of the second China International Import Expo (CIIE) in Shanghai, China on October 31, 2019. REUTERS / Stringer SHANGHAI (Reuters) – China’s securities regulator plans to grant investment banking licenses to commercial …
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Shares fell in Asia on Monday, tracking losses on Wall Street as rising virus cases cause some US states to backtrack on pandemic reopens. Nikkei 225 NIK from Japan, -2.29% sank 1.8% and the Hong Kong Hang Seng HSI Index, -1.23% fell 1.2%. The SHCOMP composed of Shanghai, -0.60% fell …
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The Federal Reserve on Sunday released more details of an emergency loan program that buys corporate debt, showing which US companies have benefited from its unprecedented measures to support the flow of credit into the economy. Through its loan facilities, the Fed is buying individual corporate bonds on the market …
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In a way, Microsoft’s (MSFT) plans to close its 83 physical retail stores highlight the uniqueness of what Apple (AAPL) has accomplished with its retail operations. After all, it’s not that Microsoft’s core hardware companies are in dire straits right now. The Surface PC / Tablet lineup now has an …
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The US economy may not fully return to normal until 2022, and the stock market is at risk of a correction later in the summer, a leading economic forecaster said on Friday. Christophe Barraud, chief economist and strategist at Market Securities in Paris, said the best case for the US …
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