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NEW YORK: A gauge of global stocks fell for a second straight day on Friday and marked its biggest weekly percentage drop in nearly three months, while the dollar ran out of steam, ending a three-day run higher, after a U.S. payrolls report painted a weaker economic picture
Investors raise cash holdings to 40% of portfolio
SINGAPORE, Sept 4 (BLOOMBERG) - Asia's wealthy are readying cash to take advantage of opportunities in financial markets and private equity once the impact of the coronavirus pandemic subsides, according to the head of private banking at South-east Asia's largest lender.
NEW YORK: Asian stocks were set to open in the red on Friday, after Wall Street's benchmarks posted their biggest one-day declines in nearly three months as new fears about the economy sent investors into bonds and safe-haven currencies.
NEW YORK: A gauge of global stocks rallied about 1% to an intraday record on Wednesday as investors looked to improving economic data and U.S. congressional negotiations for more stimulus to support the rebound from coronavirus-fueled lockdowns.
NEW YORK (Xinhua): After reopening in late February and early March, China's factories began an export surge that is still accelerating.
NEW YORK, Sep. 1 (Xinhua) -- After reopening in late February and early March, China's factories began an export surge that is still accelerating. Exports soared in July to their second-highest level ever, nearly matching the record peak last December, according to an article "Pandemic only fueled China's export machine" published on The New York Times on Tuesday.
BENGALURU (Reuters) - Tesla Inc unveiled its biggest program of new share sales in a decade as a public company on Tuesday, seeking to cash in on soaring Wall Street interest in the company to raise $5 billion that will ease future debt pressures.
NEW YORK: A gauge of global stocks pulled back from a record high on Monday but locked in a fifth straight month of gains while the dollar remained weak as investors adjust to the policy shift outlined by Federal Reserve Chair Jerome Powell last week.