PMN Economy – Financial Freedom

Oil dips on demand worries despite surprise drop in U.S. crude stocks

Financial Freedom — Wed, 17 Mar 2021 03:01:34 +0000

MELBOURNE — Oil prices slipped for a fourth day on Wednesday on worries about rocky demand in Europe, even as hopes of a recovery in U.S. refinery activity were boosted by industry data that showed U.S. crude stockpiles unexpectedly fell last week. Read More

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Most Asian FX weaker, Malaysia ringgit eases 0.2%

Financial Freedom — Wed, 17 Mar 2021 03:01:33 +0000

The following table shows rates for Read More

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Shanghai aluminum hits 9-1/2-yr high on Chinese supply worries

Financial Freedom — Tue, 16 Mar 2021 03:01:14 +0000

HANOI — Shanghai aluminum prices rose to their highest in more than 9-1/2 years on Tuesday, as supply concerns in top consumer China rose after an aluminum hub ordered power cuts and industrial production shutdowns. Read More

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Japanese shares rise amid stock rotation ahead of financial year-end

Financial Freedom — Tue, 09 Mar 2021 03:00:48 +0000

TOKYO — Japanese shares rose on Tuesday as investors sold technology stocks and shifted some of those funds to consumer goods companies expected to benefit from an economic recovery from the pandemic. Read More

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Toyota VC invests in AI startups, firms that refine everyday processes

Financial Freedom — Mon, 08 Mar 2021 03:00:57 +0000

TOKYO — Toyota Motor Corp’s first venture capital fund is investing in startups that help the Japanese automaker refine everyday processes by bringing sharper supply-chain management and robotics to the factory floor, a fund executive said. Read More

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S.Korea’s won, Malaysian ringgit dip; Taiwan dollar gains 1%

Financial Freedom — Mon, 08 Mar 2021 03:00:56 +0000

The following table shows rates for Read More

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‘A side of shares’: Deliveroo to offer 50 million pounds of stock to customers

Financial Freedom — Sun, 07 Mar 2021 03:10:27 +0000

LONDON — Deliveroo said shares worth 50 million pounds ($69 million) would be earmarked for customers in its upcoming flotation, with the offer branded “Great food with a side of shares.” Read More

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Toshiba sees Mizuho join BlackRock in building 5% stake

Financial Freedom — Fri, 05 Mar 2021 03:07:58 +0000

TOKYO — Japan’s Mizuho Financial Group Inc has built a 5.07% stake in Toshiba Corp – a move which comes after the after the Japanese industrial conglomerate returned to the Tokyo Stock Exchange’s top section. Read More

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Chile´s SQM posts record lithium sales in fourth quarter, price flounders

Financial Freedom — Thu, 04 Mar 2021 03:06:03 +0000

SANTIAGO — Chilean miner SQM, the world’s No. 2 producer of lithium, said on Wednesday it posted record lithium sales in the last quarter of 2020, although floundering prices for the ultralight metal continued to weigh on the company´s profits. Read More

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Japanese shares follow Nasdaq lower; SoftBank, Fast Retailing top drags

Financial Freedom — Thu, 04 Mar 2021 03:06:03 +0000

TOKYO — Japanese shares fell sharply on Thursday as investors sold off index heavyweights including SoftBank Group and Fast Retailing following a plunge in the Nasdaq index overnight. Read More

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