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Netflix Surges 10% with 13.1 Million Q4 Subscribers
Netflix, the global streaming giant, experienced a remarkable surge in premarket trading as its shares skyrocketed by 10% following a stellar performance in the fourth quarter of 2023. The company reported an impressive addition of 13.1…
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ADNOC’s UAE sustainable energy and local manufacturing drive
In a significant gathering at the ADNOC Headquarters, UAE President Sheikh Mohamed bin Zayed Al Nahyan chaired the annual ADNOC Board of Directors Meeting. During this meeting, His Highness reiterated the UAE’s steadfast dedication to…
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US bitcoin ETFs trigger 20% drop in cryptocurrency’s price
In a significant development in the cryptocurrency market, Bitcoin has witnessed a steep decline of more than 20% since the launch of the first US-based exchange-traded funds (ETFs) dedicated to the digital currency. The introduction of…
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Moody’s warns of China’s economic slowdown
Moody’s Investors Service is expressing mounting apprehension over the sovereign creditworthiness of Asia-Pacific countries in 2024. Their negative outlook stems from a combination of factors: China’s lackluster economic growth, tight…
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S&P 500 hits record high as Wall Street gains momentum
In an optimistic start to the week, stock markets in the United States witnessed a surge in prices, further building on the historic momentum from the previous session. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all…
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Lebanon’s grim economic outlook in World Bank’s 2024 report
Based on the World Bank’s projections as of 2024, Lebanon’s economic situation remains deeply concerning. The bank, known for its comprehensive and data-driven analyses of global economies, has not issued a specific forecast for Lebanon’s…
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Unprecedented turmoil hits China’s mutual fund market
The Chinese mutual fund industry is undergoing a significant upheaval, evidenced by the highest number of fund closures in the past five years. This trend, mirroring the downturn in the nation’s stock market, signals a severe decline in…
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Treasury yields rise on positive retail data and central bank remarks
In a notable shift influenced by robust retail sales data and central bank deliberations, Treasury yields experienced a significant rise on Wednesday. The focal point of this shift was the 10-year Treasury yield, which ascended to a near…
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Economic downturn hits China’s global standing
Despite meeting its 2023 growth target with a 5.2% increase in real GDP, China has encountered a notable economic setback. For the first time in nearly three decades, its nominal GDP in dollar terms declined, coupled with a reduction in its…
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JPMorgan favors India over China in 2024 market strategy
JPMorgan, a leading investment bank, has earmarked India as its primary focus in Asia and a global market favorite, as stated by the bank’s Asian Equity Strategist, Mixo Das. This preference is largely due to the shifting dynamics in global…
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