Category: News
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Globalization, According To Larry Fink, Is Over. What Does This Signify For Markets?
The Russia-Ukraine war, according to BlackRock founder Larry Fink, is bringing the era of globalization to an end, but economists warn investors should keep in mind that the worldwide economy and financial system can’t flip on a dime. Fink emphasized his belief in the benefits of globalization in his annual investor letter, which was posted…
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Oil Prices Soared To Almost $120 Per Barrel After Attack On Saudi Facilities
On Friday, crude prices jumped more than 1 percent to more than $120 a barrel, as investors assessed the consequences of a missile attack on a Saudi Arabian oil supply plant against the prospect of the United States unleashing its crude stocks. After allegations of an attack on a Saudi oil plant raised fears about…
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Asian Stocks Tumbles As Ukraine War Boosting Inflation Concerns
Asian stocks fell on Thursday as traders considered the emerging trends in the Ukraine conflict and more hawkish remarks from US Federal Reserve officials, while US bond trading was paused and oil prices rose. Outside Japan, MSCI’s broadest index of Asia-Pacific stocks (.MIAPJ0000PUS) fell 0.6 percent. After hitting a two-month high the previous session, Japan’s…
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Alibaba Raises Its Share Buyback Program To A New High Of $25 Billion
Alibaba increased its share buyback plan to $25 billion on Tuesday, the e-commerce behemoth’s biggest buyback plan, to shore up its damaged stock as it battles regulatory oversight and fears about economic weakness. The plan comes when Chinese Vice Premier Liu He announced that Beijing will bring out further measures to strengthen the economy, as…
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China Shares Fluctuate As Investors Anticipates Policy Support Moves
On Monday, China stocks fluctuated between gains and losses as traders remained cautious after lenders kept borrowing charges steady. The CSI 300 Index fell 0.1 percent in the morning session, taking away a 0.5 percent gain earlier in the day. The market was pulled down by rate-sensitive financials and real estate developers. The Hang Seng…