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FTSE 100 falls with BoE’s intervention to reach £65 billion

 FTSE 100 falls with BoE’s intervention to reach £65 billion

. Moving in line with the drops on continental European bourses, London’s FTSE 100 also took a hit.

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UK and US Equities Traded Lower; Aveva Group Stock Surged by 6.97%

UK and US Equities Traded Lower; Aveva Group Stock Surged by 6.97%

US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 39.28 points or 1.03 per cent lower at 3,756.26, Dow Jones Industrial Average Index contracted by 321.48 points or 1.04 per cent lower at 30,6...

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The rise of Robinhood in 2020 amid controversies

The rise of Robinhood in 2020 amid controversies

  The year 2020 had been volatile for the stock market. The share market was gripped by fear and massive uncertainty throughout the year, adding to the market volatility. New or first-time traders saw a lot of opportunities in such a market c...

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UK’s economy shrank by 2.6 per cent in November

UK’s economy shrank by 2.6 per cent in November

  The gross domestic product of Britain fell by 2.6 per cent for November last year, according to latest data from the Office of National Statistics. This is the first step towards a double dip recession for the UK economy. The month’s ...

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Gunvor Clinches Big Oil Deal with Russia’s Rosneft

Gunvor Clinches Big Oil Deal with Russia’s Rosneft

Gunvor, one of the world's largest independent commodities trading houses, has won a big tender for the first time in eight years from Russia’s largest oil firm Rosneft. The Switzerland-based trading house is expected to carry out large volum...

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FTSE 100 likely to open lower as investors turn skeptical over recovery

FTSE 100 likely to open lower as investors turn skeptical over recovery

UK stock markets are likely to open lower on Friday, 15 January, as investors’ confidence has been once again fazed by the concerns over the global economic recovery. Most of the European nations are proceeding ahead with tighter restrictions w...

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Sunak under pressure to extend pandemic support measures

Sunak under pressure to extend pandemic support measures

Rishi Sunak, chancellor, British exchequer has come under pressure from various lobby groups to offer more Covid support to the UK businesses. Government figures are likely to confirm that the nation is under a double-dip recession with many busine...

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How Chinese Ban on Australian Coal Reshuffled The Global Coal Trade?

How Chinese Ban on Australian Coal Reshuffled The Global Coal Trade?

The Australian mining sector accounts for around 10% of the country’s GDP and makes up for over 50% of the nation's exports. Asian countries including China, Japan and South Korea are the major importers of Australian resources. The Oceanian...

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Google acquires Fitbit in USD 2.1 billion deal, Regulatory Probe Continues

Google acquires Fitbit in USD 2.1 billion deal, Regulatory Probe Continues

The market leader in the online advertising business, Alphabet-owned Google, has completed the health device producer Fitbit's acquisition worth USD 2.1 billion.  Image source: pixabay The mega-company announced it on 14 January 2021. The ...

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Xiaomi shares slip after the US investment ban

Xiaomi shares slip after the US investment ban

Cranking up pressure on Beijing, the United States’ Department of Defence has blacklisted nine Chinese companies, including Xiaomi Corporation. The US investors would be barred from investing in the alleged “Communist Chinese military c...

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What’s Inside Joe Biden’s US$1.9 Trillion Coronavirus Rescue Package?

What’s Inside Joe Biden’s US$1.9 Trillion Coronavirus Rescue Package?

A long-raging presidential battle packed with a series of overturning events appears to be finally over, and Joe Biden is expected to take oath as the US President in a public ceremony on 20 January 2021. However, before assuming his office, Joe Bi...

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