Day: January 23, 2023

Saga Rises
Economy

Saga Rises After Confirming Talks to Sell Insurance Business

Shares in Saga (LON:SAGA) rose on Monday after the company confirmed on a weekend report saying it’s in talks to sell its insurance business Acromas. The Sunday Times had reported that the group wants to use the proceeds from the sale to pay down debt, after a year in which financing costs have risen substantially […]

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Carlsberg Expects Lower Beer Consumption To Hit 2023 Growth
Carlsberg

Danish brewer Carlsberg (OTC:CABGY) on Tuesday forecast organic operating profit growth in 2023 below last year's level as higher beer Read more

Japan Startup Selling $550,000 Star Wars-inspired Hoverbike To List On NASDAQ
hoverbike

Japanese startup Aerwins Technologies, which is selling a Star Wars-inspired $555,000 hoverbike, has received approval to list on the NASDAQ Read more

Taiwan Exports Seen Contracting For Fifth Straight Month in January: Reuters Poll
Taiwan Exports

Taiwan's exports in January likely fell for the fifth month in a row amid fears of a global recession, uncertainties Read more

Oil Prices Creep Higher As IEA Flags Chinese Demand Recovery
Oil prices creep

Oil prices rose slightly on Monday tracking optimistic comments on a recovery in Chinese demand from the International Energy Agency, Read more

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Indian stocks
Stock Market

Indian Stocks Rise On Strong Bank Earnings, Asian Markets Advance

Indian stocks rose on Monday following a series of strong earnings from heavyweight bank stocks, while broader Asian stocks rose slightly, although market holidays dulled trading volumes across most of the region. India’s BSE Sensex 30 and Nifty 50 indexes rose 0.7% each, buoyed largely by major bank stocks following better-than-expected results from ICICI Bank […]

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Exclusive-SoftBank’s Arm China Lays Off Workers As Outlook Grim -Sources
SoftBank's

SoftBank Group Corp's chip technology firm Arm Ltd's China joint venture laid off 90-95 employees last week to cope with Read more

Japan Startup Selling $550,000 Star Wars-inspired Hoverbike To List On NASDAQ
hoverbike

Japanese startup Aerwins Technologies, which is selling a Star Wars-inspired $555,000 hoverbike, has received approval to list on the NASDAQ Read more

Asian Stocks Sink As Fed Week Begins, China Reopens Strong
Asian Stocks

Most Asian stock markets sank on Monday as caution kicked in ahead of a Federal Reserve meeting and key economic Read more

India poised to play key role in global economy: Verizon Business
India poised to play key role in global economy: Verizon Business

By Administrator_India Capital Sands India, one of the fastest-growing tech and telecom markets, is poised to play a key role Read more

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Asia FX Rises
Asia

Asia FX Rises in Holiday Trade as China Recovery Bets Grow

Most Asian currencies strengthened in thin trade on Monday, while the dollar weakened further amid growing bets that the Chinese economy will bounce back this year, with focus also turning to key U.S. data due this week. Regional trading volumes were limited with most markets closed for the Lunar New Year. But markets are betting […]

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Asia FX Drifts Lower On Hawkish Fedspeak, Weekly Losses On Tap
Asia FX Drifts

Most Asian currencies fell on Friday, and were set to close the week lower following hawkish comments from several Federal Read more

Asia FX Sinks as Caution Over Fed, CPI inflation, Boosts Dollar
ASIA FX

Most Asian currencies fell on Monday, while the dollar rose as markets hunkered down ahead of highly awaited signals on Read more

Oil Rises on Saudi Supply Signals, But Demand Fears Cap Gains
Oil Rises

Oil prices rose on Tuesday following commitments to tightening supply from Saudi Arabia and the Organization of Petroleum Exporting Countries Read more

Asia FX Rallies, Dollar Tumbles As Markets Bet on Fed Pivot
Asia FX

Most Asian currencies rose sharply on Thursday, while the dollar sank to a nine-month low even after the Federal Reserve Read more

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