–UBS plans to set up a mutual fund business in China, expanding its footprint in the country, Reuters reports, citing unnamed sources. –The Swiss lender is aiming to launch the unit in around two years and have already hired key personnel for the planned businesss, including a head of the company, Reuters says, citing the […]
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TORONTO – North American markets ended the trading day in the red, with a double-digit decline in Shopify Inc. weighing on the technology sector of Canada’s main stock exchange and U.S. stock markets sank ahead of Wednesday’s scheduled interest rate decision from the U.S. Federal Reserve. The S&P/TSX composite index closed down 131.80 […]
GE stock popped Tuesday after General Electric (GE) crushed earnings estimates for the second quarter, driven by its jet-engine unit. Wall Street cheered “standout” results in that business as the industrial conglomerate looks to emerge in 2024 as an aviation-focused company. X Despite the big Q2 earnings beat, General Electric merely affirmed its EPS guidance […]
SEOUL: South Korean economic growth unexpectedly accelerated in the second quarter from the preceding three months on strong private consumption lifted by eased Covid-19 restrictions, central bank estimates showed today (July 26). The Bank of Korea (BOK) estimated gross domestic product (GDP) for the April-June period had been 0.7% higher than in the previous quarter, […]
Only a few months after Mama Crockett’s Cider Donuts closed up shop at 500 5th St., a former employee is opening her own doughnut business in its place. Emeline Green, who primarily worked in the Mama Crockett’s food truck, said the new shop, Hill City Donuts, will open Aug. 6 and will sell cake donuts. […]
SEOUL : South Korean inflation is seen reaching its peak by September or October unless there are price surges again for such items as oil and grains, the country’s finance minister said on Monday. “I think the pace of price growth will probably reach its peak in late September, or in October at the latest, […]
SHANGHAI–(BUSINESS WIRE)–A major platform for international procurement, investment promotion, cultural exchanges and open cooperation, the China International Import Expo (CIIE) has been held successfully for four consecutive years and is widely regarded as an international public good and the multilateral trading system, as well as a pivotal carrier for building an open world economy and […]
India’s Infosys Ltd on Sunday reported June-quarter profit that missed estimates, hurt by higher employee expenses, but the IT services company raised its annual revenue outlook, citing a strong demand outlook. Infosys’ larger IT rival Tata Consultancy Services and also smaller rivals such as HCL Technologies and Wipro have seen their margins erode as they […]
ISLAMABAD, (UrduPoint / Pakistan Point News – 24th Jul, 2022 ) :As a major boost to the Federal government’s efforts to lure foreign direct investment (FDI) in the country, One Homes, a leading international property developer company has acquired a 100,000 square feet piece of prime land in Islamabad and Rawalpindi to become first ever […]
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