Category: Global
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Special committee of Paramount Global endorses plan to merge with Skydance Media, source says By Reuters
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By Don Chmielewski Businessman David Ellison is one step closer to taking control of Paramount Global after a special committee voted on Sunday to back a merger with his company Skydance Media, a source close to the deal told Reuters. The proposed deal is likely to be approved by Paramount’s…
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Israel layoffs reflect eBay’s global decline
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Until a decade ago, eBay was synonymous with online retail. Along with Amazon, it was the place to go for new and used items, some of which the platform marketed through limited-time auctions that offered discounts to those who managed to register in time. The auction format it pioneered, “bidding,”…
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Global Market Weekly Recap: July 1 – 5, 2024
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Last week was an eventful one for global markets despite the shortened trading week in the US. Politics played a big role with the French elections over the weekend, the UK parliamentary elections and the prospects for the US presidential election likely to grab attention and impact major financial market…
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Global Blue Releases the Monthly Tax Free Shopping Business Update for June 2024 By Investing.com
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New data from Global Blue reveals that the global dynamic recovery in tax-free shopping has accelerated across continental Europe and the Asia-Pacific region. Globally, the recovery rate of exported store sales was 168%1 in June 2024 compared to the same period in 2019, compared to 163%1 in April/May 2024 and…
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Global Stocks Hit Peak Level Before US Jobs Data: Markets Wrap
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(Bloomberg) — Global stocks are expected to hold onto record highs hit on Thursday as traders turn their attention to U.S. jobs data due Friday for clues on the Federal Reserve’s interest-rate cut. Most Read from Bloomberg Tokyo’s Topix index hit a new record before retreating. The moves followed gains…
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Global Markets on Alert for Biden Exit as Trump-Win Trades Mount
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(Bloomberg) — The heated debate in Washington over whether President Joe Biden will call off his re-election bid is moving to Wall Street, where traders are shifting money in and out of the dollar, Treasuries and other assets that could be affected by Donald Trump’s return to office. Most Read…
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How new EU regulation will affect the global crypto market
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From the beginning of July, cryptocurrency exchanges and stablecoin issuers in the European Union will operate in accordance with the rules set out in MiCA. The entry into force of the Markets in Cryptoassets Act (MiCA) on June 30 means big changes for the EU cryptocurrency industry. Among the key…
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State Street Global Advisors And Galaxy Asset Management Join Hands On Digital Asset Investing
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The world of finance is undergoing a profound transformation, with the rapid emergence of digital assets and blockchain technology reshaping the investment landscape. As the cryptocurrency market continues to mature and gain mainstream acceptance, leading asset managers are realizing the enormous potential it holds. In a pioneering move, two industry…
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State Street Global Advisors And Galaxy Asset Management Join Hands On Digital Asset Investing
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The world of finance is undergoing a profound transformation, with the rapid emergence of digital assets and blockchain technology reshaping the investment landscape. As the cryptocurrency market continues to mature and gain mainstream acceptance, leading asset managers are realizing the enormous potential it holds. In a pioneering move, two industry…
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L’Oreal adjusts global beauty forecast amid China’s market volatility By Investing.com
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Investing.com – Analysts at Evercore highlighted L’Oreal’s (EPA:) decision to revise its global cosmetics market growth forecast from 5.0% to a range of 4.5-5.0%. The revision comes in response to market volatility in China and a “slightly negative” shopping festival on 6.18. L’Oréal shares fell following the announcement from CEO…
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Week Ahead in FX (June 24 – 28): The Fed’s Preferred Inflation Measure & Global Inflation Updates
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Traders await a relatively less busy economic calendar with inflation updates from Japan, Canada and Australia taking the spotlight. Meanwhile, the US core PCE price index, the final GDP reading, and speeches from several FOMC members could encourage volatility between major dollar pairs. Before all that, ICYMI, I wrote a…
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US June S&P Global flash services PMI 55.1 vs 53.7
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Highest level in 26 months The previous one was 54.8 Manufacturing 51.7 vs. 51.0 expected Previous manufacturing was 51.3 Composite 54.6 vs 54.5 Sale prices are “at one of their lowest levels in the past four years” and their lowest level in five months “Business confidence improves for next year,…
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USDJPY moves back above 159.000 after the stronger S&P global PMI data
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USDJPY rose back to the upside and returned above the 159.00 level after stronger-than-expected flash data for the S&P Global Manufacturing and Services Index. The high price was traded up to 159.206. This brings it to 100 points below the 2024 high of 160.208. The highest level was back in…
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Oil price bounce drives global commodity open interest value rebound – JPM
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JPM Commodities Research said the estimated value of open contracts in global commodity markets rose 1% during the week to $15 billion, with gains driven entirely by the energy sector, while it expects LME copper prices to trade at around $9,800 per metric ton. In the future. a fourth. Net…
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Global Rate-Cut Juggernaut Is Struggling to Start
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Breadcrumb links BMN Business Central banks wary about joining the global interest rate cutting cycle may reveal themselves this week with a quartet of decisions in advanced economies. Article writer: Bloomberg News Craig Sterling Posted on June 15, 2024 • 7 minutes read You can save this article by registering…
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WorkL Secures £2M Series A Funding from Calculus Capital to Propel Global Expansion
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WorkL, the organization behind the World’s Happiest Workplaces and Sunday Times Best Workplaces lists, has raised £2 million in a Series A funding round, in partnership with Calculus Capital. This financing aims to accelerate WorkL’s international growth after five successful years of expansion. Founded by Lord Mark Price, former Deputy…
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‘Bitcoin is Exponential Gold’, Says Fidelity’s Director of Global Macro
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Jurian Timmer, Global Macro Director at Fidelity, recently made a notable statement about Bitcoin, calling it “exponential gold” and an emerging player in the “store of value” team. Timmer’s comments were shared through a series of posts, where he explained Bitcoin’s evolving role in the financial ecosystem. In my view,…
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‘Bitcoin is Exponential Gold’, Says Fidelity’s Director of Global Macro
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Jurian Timmer, Global Macro Director at Fidelity, recently made a notable statement about Bitcoin, calling it “exponential gold” and an emerging player in the “store of value” team. Timmer’s comments were shared through a series of posts, where he explained Bitcoin’s evolving role in the financial ecosystem. In my view,…