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RIYADH: Saudi Arabia’s state miner will use a windfall from the recent boom in commodity prices to pay off debt, as it seeks to strengthen its balance sheet before embarking on international acquisitions.
Few things evoke fear in equity markets like a margin call. On Wednesday that fear turned into panic in Taiwan, offering another warning for the world on what can happen when leverage unwinds.
MUMBAI: Investors in India’s US$2.8 trillion (RM11.53 trillion) equity market are underestimating the economic impact from the world’s worst coronavirus outbreak, which will delay any recovery and could trigger a “correction” in stocks, according to the country’s top-performing fund manager.
(Reuters) - Wall Street's main indexes tumbled on Tuesday, with the Nasdaq opening down 2% before steadying a bit, as technology-related stocks with lofty valuations extended losses amid worries over inflation.
NEW YORK: Iron ore futures surged more than 10% and copper jumped to a record amid increasing bets they’ll be among the biggest winners from a commodities boom that’s stoking concerns about inflation around the world.
(Reuters) -Amazon.com Inc, one of the biggest winners of the pandemic, posted record profits on Thursday and signaled that consumers would keep spending in a growing U.S. economy and converts to online shopping are not likely to leave.
The first to develop and patent 6G will be the biggest winners in what some call the next industrial revolution.
SHANGHAI: China stocks rebounded on Tuesday from their biggest pullback in three weeks in the previous session, while the blue-chip CSI300 index closed at its highest in nearly 13 years.
KUALA LUMPUR: Affin Hwang Asset Management Bhd launched its world series Next Generation Technology Fund on Tuesday which will feed into a target fund managed by the world's largest asset manager BlackRock.