ECB Leaves Rates Unchanged, Revises Forward Guidance

The European Central Bank left its key interest rates unchanged on Thursday, but revised its forward guidance on the same to support its new inflation target. The central bank left the main refinancing rate at 0 percent, the deposit rate at -0.50 percent and the marginal lending rate at 0.25 percent, in line with economists’ expectations. On July 8, the […]

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Twitter Q2 Profit Beats Street View As Global Users Gain

Shares of Twitter Inc. (TWTR) are gaining 5% in extended session on Thursday after the social media giant’s second-quarter profit trumped Wall Street estimates, as revenues surged 74% driven by surge in advertising revenues and increase in users. San Francisco, California-based Twitter reported second-quarter profit of $65.6 million or $0.08 per share, compared to a loss of $1.38 billion or […]

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Investors’ Top ESG Stocks and Investment Firms are Full of Surprises

While there is little doubt that investors have embraced ESG (Environmental, Social and Governance) investing, their awareness of companies and asset managers that provide exposure to it show investors could use more research and better ESG screening tools.  According to a recent survey by Investopedia and Treehugger, most investors admit that when it comes to researching companies and their ESG […]

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Digital trade war: Biden opens new front in effort to contain China

At last week’s virtual APEC meeting China’s Xi Jinping made a veiled reference to the next front in the competition with the US to dominate the 21st century economy. In a pre-recorded video – he didn’t attend the meeting chaired by New Zealand’s Jacinta Ardern – China’s president said it was necessary to further develop digital infrastructure, facilitate the dissemination […]

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Jeff Bezos addresses critics saying he should invest in Earth, not space

More On: jeff bezos ‘Super excited’: Teen joins Blue Origin flight after $28M auction winner drops out US approves Blue Origin license for human space travel ahead of Bezos flight Jeff Bezos offers well wishes to Richard Branson ahead of space launch Richard Branson’s daughter beams on Twitter as his space flight nears Jeff Bezos, the world’s richest man, addressed […]

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Rupee slips 3 paise to close at 74.57 against U.S. dollar

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.06% to 92.56. The Indian rupee slipped 3 paise to settle at 74.57 (provisional) against the U.S. dollar on Friday, as investors awaited fresh triggers. At the interbank forex market, the local unit opened at 74.53 against the greenback and witnessed an intra-day high […]

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The world’s billionaire factory shudders as China cracks down

It was the kind of brazen PR stunt that Jack Ma might have dreamed up. But this wasn’t the flamboyant Chinese billionaire who disappeared from public view eight months ago. It was Mark Zuckerberg, bobbing up and down on a hydrofoil surfboard, clutching an American flag and exuding all the confidence of a man worth $US130 billion ($174 billion). Alibaba […]

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