Sunday, 21 July 2019

Tag Archives: investors

Amazon invests in British food courier Deliveroo

LONDON: Amazon has taken a stake in Deliveroo, the British food delivery company said on Friday. Amazon is the single largest investor in a $575-million (514-million-euro) financing round, Deliveroo said in a statement. Other participants include existing Deliveroo investors T Rowe Price, Fidelity Management and Research Company, and Greenoaks. “This ...

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Hong Kong’s Favorite ETF Is Short the Whole Stock Market

Investors have been piling into a fund that makes money whenever Hong Kong stocks fall, as they rush to hedge against potential losses amid global uncertainties. The CSOP Hang Seng Index Daily Inverse Product has attracted $292 million in 2019, the biggest inflow for any fund trading on the city’s ...

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Asian markets build on trade optimism, pound faces pressure

HONG KONG: Asian markets enjoyed more gains as investors are cheered by the more conciliatory noises from China and the US on trade, while uncertainty over Brexit continued to pressure the pound. While the tariffs row between Beijing and Washington is far from being resolved, there is a lot more ...

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Tokyo stocks close higher as investors wait for US midterm elections

TOKYO: Tokyo stocks closed higher Tuesday on bargain-hunting as investors focused on US midterm elections and Toyota leapt more than two percent after upgrading its full-year forecast. The benchmark Nikkei 225 index rose 1.14 percent or 248.76 points to 22,147.75 while the broader Topix index gained 1.16 percent or 18.96 ...

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Apple delivers strong profits, but investors punish shares

LONDON: Apple delivered blockbuster earnings, but saw shares punished after a disappointing holiday season forecast and word that it will stop reporting how many iPhones it sells. The technology giant makes most of its money from iPhones, and sales numbers have been seen as a bellwether of the company’s fortunes. ...

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Russia to establish $200m oil refinery in Pakistan

MOSCOW: Russian investors have agreed to setup a medium size refinery in Khyber Pakhtunkhwa. A Memorandum of Understanding (MOU) in this regard was signed here between the delegation of Russian investors from Inter Rao Engineering & HIMMASH APPARAT – a leading EPCC contractor through local partners ORPHEUS – and Khyber ...

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Government reduces stake in Lloyds Banking Group to less than 6%

LONDON: The Government has reduced its stake in Lloyds Banking Group to less than 6%, meaning the taxpayer is no longer the group’s largest shareholder and takes the lender one step closer to being returned to private hands. UK Financial Investments, which manages the Government’s stake in Lloyds, cut its ...

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European equities push higher

LONDON: Europe’s main stock markets pushed higher on Tuesday as investors reacted to a surprise dip in British inflation and shrugged off slower-than-expected German economic growth. Meanwhile, on Wall Street the Dow pulled off a record close after six-day winning streak as US markets continued to adjust following last week’s ...

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