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Tag Archives: business

Pandemic pressures threaten 4,000 small UK finance firms – business news

Britain’s market watchdog warned about 4,000 small financial firms are at greater risk of failure from the coronavirus as the country endures a third lockdown. The Financial Conduct Authority said Thursday that the pandemic is pushing the firms to the brink by depleting their liquidity. The survey of 23,000 businesses was carried out between June and August, before the government ...

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China stock index set to surpass 2015 bubble peak for first time – business news

China’s stock benchmark is set to close above its 2015 bubble high for the first time, marking a recovery from one of the country’s worst equity crashes. The CSI 300 Index rose as much as 1.7% on Tuesday, surpassing the 5,353.75-point close from June 8, 2015. That would be its highest close since 2008. The gauge has surged more than ...

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Oil extends losses after OPEC+ talks suspended without decision – business news

Oil extended losses in Asia after dropping the most in almost two weeks as OPEC+ talks were unexpectedly suspended due to a disagreement over whether to raise output in February. Futures in New York fell toward $47 a barrel after slumping 1.9% on Monday. Discussions will resume Tuesday after a majority of members, including Saudi Arabia, opposed Russia’s proposal for ...

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Asian stocks grind lower as focus shifts to Georgia Senate runoff – business news

Asian shares edged lower on Tuesday amid uncertainty about Senate runoffs in Georgia, which could have a big impact on incoming US President Joe Biden’s ability to pursue his preferred economic policies. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.05%, pulling back from a record high. Australian stocks fell 0.26%. Chinese shares erased early losses and rose 0.52%. ...

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Whats and whys of the EU-China investment agreement – business news

The European Union and China agreed an investment pact on Wednesday, which Brussels believes will help redress what it sees as imbalanced economic ties. Here are the main points of the agreement and its timing. WHY THE HURRY? The EU and China had sought to conclude a deal by the end of the year and political leaders signed off on ...

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Brexit deal hands business a mix of relief, unwanted change – world news

The UK and European Union may have signed a trade deal, but British businesses still face a raft of difficult changes. More than four years in the making, the Brexit agreement avoids the worst-case scenario of new tariffs and quotas after Dec. 31. That’s a welcome relief, and gives companies greater scope to focus on containing the damage from the ...

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What if you were in Ravi Shastri’s shoes? ‘None of my business’, replies Australia head coach Justin Langer – cricket

It’s none of Australia head coach Justin Langer’s business to think what India head coach Ravi Shastri must be saying to motivate his players after India recorded their lowest total ever in Test cricket a few days ago in Adelaide. The former Australia opener does ‘empathise’ with his opponents for getting bundled out for 36 in the second innings of ...

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New virus strain in UK batters global markets – business news

The emergence of a virulent strain of coronavirus in the UK battered stocks worldwide, including India, on Monday as nations raced to shut air travel and reimpose travel restrictions, darkening the prospects of early recovery. Indian stock benchmarks plunged 3% at the end of trading, the worst in Asia and the steepest single-day decline since May, as investors fretted over ...

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‘Business as usual with Iran’ will be mistake, says Netanyahu – world news

Israeli Prime Minister Benjamin Netanyahu on Sunday said it would be a mistake “to go back to business as usual with Iran,” signaling Israeli resistance to an expected push by President-elect Joe Biden to revive the international nuclear deal with Iran. Netanyahu spoke at a press conference with Robert O’Brien, President Donald Trump’s national security adviser. But his comments appeared ...

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Gulf stocks rally on Saudi Arabia, Qatar talks – business news

Middle East stocks rallied after Saudi Arabia and Qatar said they were making progress toward ending a three-year long rift, providing the latest spur to a region being buttressed by a jump in oil prices and improved investor sentiment toward emerging markets. Qatar’s benchmark QE Index gained as much as 1.8%, with all but one of its 20 members rising. ...

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