Samsung first-quarter profit likely surged 45% on bumper smartphone, appliance sales

© Reuters. By Joyce Lee SEOUL (Reuters) – Samsung Electronics (OTC:) Co Ltd likely saw a 45% jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its U.S. plant. Spending more time at home due to the […]

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Dollar likely to rise, but rally will lose steam later in 2021, Forum says

© Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration By Divya Chowdhury and Lisa Pauline Mattackal (Reuters) – Economic growth and higher bond yields will keep the U.S. dollar stronger for now, but the rally will lose steam later in 2021 because of a dovish Federal Reserve and rising […]

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African economies likely to rebound 3.4% this year, AfDB says

© Reuters. FILE PHOTO: The headquarters of the African Development Bank (AfDB) are pictured in Abidjan, Ivory Coast By Duncan Miriri NAIROBI (Reuters) – African economies are expected to grow by an average of 3.4% this year, the African Development Bank said, as the continent recovers from its worst contraction in half a century. The […]

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EUR/USD Downtrend Likely Over After ECB Pledges to Ramp-Up Bond Buying

© Reuters. By Yasin Ebrahim Investing.com – The euro jumped against the dollar and looks set to snap its two-week losing streak as experts suggest that the single currency’s downward trajectory is likely over for now following the latest’s European Central Bank monetary policy meeting on Thursday. rose 0.48%, to $ 1.1983. “On what we’ve […]

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Yen gains mostly to do with positioning, likely to stay limited – Mizuho

Mizuho says that the yen gains today are mostly to do with positioning with the US on holiday That was also pretty much the case on Friday as the market continues to take cues from then in trading today amid the long weekend in the US. Mizuho says that with earnings releases in focus, alongside […]

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India central bank likely to propose stricter rules for shadow banks: sources

© Reuters. FILE PHOTO: Reserve Bank of India logo is seen at the gate of its office in New Delhi By Aftab Ahmed, Swati Bhat and Nupur Anand NEW DELHI/MUMBAI (Reuters) – India’s central bank is likely to propose tightening rules on “shadow banks” in a bid to strengthen solvency and sustainability of a sector […]

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Dollar Down, With ‘Twin Deficits’ Likely to Extend Dollar Weakness Into 2021

© Reuters. By Gina Lee Investing.com – The dollar was down on Thursday morning in Asia. It ended 2020 on a down note over bets that a global economic recovery in 2021 will pull money into riskier assets, even as the growing U.S. ‘twin deficits’ of a huge budget increase and trade deficits argue for […]

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Pound Above Lows Despite EU Warning No-Deal Brexit Most Likely Outcome

© Reuters. By Yasin Ebrahim Investing.com – The pound moved off session lows Friday despite the EU warning that a no-deal Brexit would be the most likely outcome as both sides are unlikely to reach a post-Brexit trade agreement by the Sunday deadline. fell 0.52% to $ 1.3222, though had been as low as $ […]

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CEO says AstraZeneca likely to run new global trial of COVID-19 vaccine: Bloomberg News

2/2 © Reuters. FILE PHOTO: Pascal Soriot, chief executive officer of pharmaceutical company AstraZeneca, attends an interview with Reuters in Shanghai 2/2 (Reuters) – AstraZeneca (NASDAQ:) is likely to run an additional global trial to assess the efficacy of its COVID-19 vaccine using a lower dosage, its chief executive was quoted as saying on Thursday […]

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Elon Musk says ‘most likely’ has a moderate case of COVID-19

2/2 © Reuters. FILE PHOTO: Tesla Inc CEO Elon Musk speaks onstage during a delivery event for Tesla China-made Model 3 cars at its factory in Shanghai 2/2 (Reuters) – Tesla (NASDAQ:) Inc Chief Executive Officer Elon Musk said on Saturday he “most likely” has a moderate case of COVID-19, as he continued to question […]

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