Japan's gross domestic product data for the first quarter is expected to be out at around 7:50 a.m. HK/SIN on Tuesday. Overnight on Wall Street, the S&P 500 struggled to reach a record high, slipping roughly 0.1% on the day to 4,226.52. SINGAPORE — Shares in Asia-Pacific looked set for a positive start on Tuesday, with Japan set to report […]
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LONDON (Reuters) – A group of 50 investors managing more than $4.5 trillion in assets is calling on companies involved in the development and use of facial recognition technology, such as Amazon and Facebook, to do so in an ethical way.FILE PHOTO: Visitors check their phones behind the screens advertising facial recognition software during Global Mobile Internet Conference at the […]
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FILE PHOTO: The Generali logo is seen in Milan’s CityLife district, Italy November 5, 2018. REUTERS/Stefano RellandiniMILAN (Reuters) – Italian insurer Cattolica said on Monday it had decided to delay a planned 200 million euro ($244 million) cash call to give its shareholders the chance to take up a buyout offer by bigger peer Assicurazioni Generali. Generali, Italy’s largest insurer, […]
Read moreJune 7 (Reuters) – Sri Lankan shares closed higher on Monday for an eighth session in nine, helped by gains in financials and industrial stocks. * The CSE All-Share Index ended up 0.32% at 7,591.90. * Financial services company Central Finance Company Plc and liquor products distiller and manufacturer Distilleries Company of Sri Lanka Plc were the top boosts to […]
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LONDON (Reuters) – Portfolio managers increased their positions in petroleum last week, reversing roughly half the sales over the previous three weeks, as benchmark oil prices started to break up through the recent ceiling.FILE PHOTO: A well head and drilling rig in the Yarakta oilfield, owned by Irkutsk Oil Company (INK), in the Irkutsk region, Russia, March 11, 2019. REUTERS/Vasily […]
Read moreBEIJING, June 7 (Reuters) – Daimler AG’s main China joint venture with BAIC Motor plans to add a shift and working days at two Beijing plants that will boost nominal capacity to make Mercedes-Benz cars by 45%, a document on the venture’s Chinese website showed. The projected upgrade at Beijing Benz Automotive Co (BBAC), 49%-owned by Stuttgart-based Daimler and the […]
Read more* Asian stock markets : tmsnrt.rs/2zpUAr4 * Taiwan stocks slip as pandemic hits chip makers * China exports +28% y/y in May, imports +51% y/y * U.S. CPI data, ECB meeting loom large this week * Nasdaq futures dip as G7 agrees global corporate tax SYDNEY, June 7 (Reuters) – Asian shares drifted off on Monday as relief over the […]
Read moreFILE PHOTO: An empty Queen Victoria Market is seen on the first day of a seven-day lockdown as the state of Victoria looks to curb the spread of a coronavirus disease (COVID-19) outbreak in Melbourne, Australia, May 28, 2021. REUTERS/Sandra SandersSYDNEY (Reuters) – Australia’s Victoria state on Monday reported its biggest rise in new locally acquired COVID-19 cases in a […]
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Caitlin Long is the founder of Avanti Bank, a crypto bank that serves the digital asset industry. A 22-year Wall Street veteran, she came across bitcoin while digging into the 2008 financial crisis. Long explains why Wall Street doesn’t matter to crypto markets and shares the real value of crypto. See more stories on Insider’s business page. Now that cryptocurrencies […]
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