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The Bank of England is primed to give itself at least another £100bn ($127bn) in bond-buying firepower next Thursday to try to stop the coronavirus crisis from running a wrecking ball through Britain’s economy. The Bank slashed interest rates to an all-time low of 0.1% in March as the country went into lockdown, and has…
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Foreign state-owned firms looking to buy European companies may face probes to see if they are taking advantage of unfair subsidies, said European Union (EU) antitrust chief Margrethe Vestager (pictured). “They [foreign subsidies] come without us knowing, they come without checks, there is a high risk that they will fragment the single market or unlevel…
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Bitcoin Bank uses artificial intelligence to trade bitcoin on behalf of users. It’s auto and therefore easy to use for all. Some reviews allege that Bitcoin Bank users earn daily profits of up to 400%. With such a high alleged rate of return, the robot claims it can convert the minimum deposit of $250 to…
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Amazon is in early talks to buy a stake worth around $2bn in Indian mobile operator Bharti Airtel, according to reports, highlighting the growing interest of US tech giants in the region. The deal would see Amazon acquire a 5% stake in Bharti, India’s third-largest telecoms company with more than 300 million subscribers, if completed….
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Chinese e-commerce giant Alibaba (NYSE: BABA) registered a slightly lower margin in operating profits compared to Amazon (NASDAQ: AMZN), but there exists a huge difference in total revenue between the two platforms. Data gathered by Learnbonds.com indicates that for the financial year ending March 31, 2020 Alibaba’s operating profit was 9.3% lower than Amazon while…
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Berkshire Hathaway (NYSE:BRK.B) is the company behind Warren Buffett’s legendary success. In addition to its presence in the stock market, Berkshire Hathaway’s business spans across sectors from insurance, utilities & energy to transportation, manufacturing and retail. Warren Buffett’s investment acumen helped grow Berkshire from a near-bankrupt textile company into one of the largest companies in…
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Walmart (WMT) will release first-quarter results on Tuesday with the market eager to discover how far anxious shoppers hoarding food, and non-essential shops shuttered during coronavirus lockdowns, has boosted the retailer’s bottom line. The world’s largest retailer is expected to post earnings per share of $1.13 on revenue of $131bn for the first three months…
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Argentina is extending talks over a $65bn debt restructuring proposal until 22 May, the government said on Monday. This sets the stage for tense last-ditch talks as the South American nation races to avoid further financial turmoil and prevent default. Private bondholders will be asked to accept significantly lower interest payments and to defer those…
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Saxo Bank is a Denmark based investment bank that offers online trading services to both retail and institutional investors. Across more than 40,000 tradable instruments, the platform covers everything from traditional share dealing services, to CFDs, forex, futures, ETFs, and mutual funds. Thinking about using Saxo Bank for your online trading needs? In this article,…
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Barrick Gold (GOLD.N) posted a near 45% rise in profit on Wednesday, with the miner benefitting from a surge in gold prices since the coronavirus pandemic has pushed investors towards safe havens in times of crisis. Meanwhile, the Ontario-based firm was forced to cut its production outlook for the precious metal due to a dispute…
