28 July

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Unfazed by global exit talk, BOJ policymakers confirm need to keep stimulus By Reuters

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By Leika Kihara TOKYO (Reuters) - Bank of Japan policymakers appeared undeterred by increasing global debate on withdrawing crisis-mode stimulus, with some calling for the need to avoid a premature tightening of monetary policy, a summary of their debate at the July meeting showed. Stronger-than-expected inflation has taken centre stage in the policy debate among major central banks including the Federal Reserve, sparking market expectations of a gradual but steady exit from coronavirus pandemic-relief measures. With Japan's economy still reeling from the pandemic, the BOJ must sustain its ultra-loose policy, one board member was quoted as...

28 July

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Asia shares sit at 2021 lows ahead of Fed verdict, China steadies By Reuters

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By Alun John HONG KONG (Reuters) - Asian shares stayed stuck at seven-month lows on Wednesday, as markets continued to digest a storm in Chinese equity markets, while currency markets were quiet with traders wary of placing large bets prior to the outcome of a Federal Reserve meeting. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.31% in morning trading. Markets in Hong Kong and mainland China stabilised after a sharp sell-off in the previous session, balancing declines elsewhere in Asia. Asian shares have fallen in each of the three previous sessions as regulatory crackdowns...

28 July

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AMD Earnings, Revenue beat in Q2 By Investing.com

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AMD reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations. AMD announced earnings per share of $0.63 on revenue of $3.85B. Analysts polled by Investing.com anticipated EPS of $0.5414 on revenue of $3.62B. AMD shares are up 10% from the beginning of the year and are trading at $91.41 , down-from-52-week-high.They are under-performing the Dow Jones which is up 14.55% from the start of the year. AMD shares gained 0.42% in after-hours trade the report. AMD follows other major Information Technology sector earnings this month AMD's report...

28 July

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Visa A Earnings, Revenue beat in Q3 By Investing.com

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Visa (NYSE:V) A reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations. Visa A announced earnings per share of $1.49 on revenue of $6.13B. Analysts polled by Investing.com anticipated EPS of $1.34 on revenue of $5.85B. Visa A shares are up 14% from the beginning of the year and are trading at $248.00 , down-from-52-week-high.They are under-performing the Dow Jones which is up 14.55% from the start of the year. Visa A shares lost 1.17% in after-hours trade the report. Visa A follows other major Information Technology sector...

28 July

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Russian billionaires vs British writer: court battle begins over Putin book By Reuters

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LONDON (Reuters) - England's High Court will begin hearing arguments on Wednesday from lawyers for four Russian billionaires including Chelsea FC owner Roman Abramovich and state-owned oil firm Rosneft about a book on President Vladimir Putin which they say defames them. In the 2020 book, British journalist Catherine Belton chronicles Putin's rise to power and how many of his associates from the former Soviet spy services rose to positions of wealth and influence after he won the top Kremlin job in 1999. Lawyers for the businessmen will tell the court that passages in the book "Putin's...

28 July

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Visa profit jumps as vaccinations boost spending By Reuters

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(Reuters) -Visa Inc reported a rise in quarterly profit on Tuesday as global vaccination drives gathered pace, fueling consumer spending and boosting volumes for the world's largest payment processor. Payment companies are seeing an uptick in volumes from the coronavirus-induced slump as massive government stimulus and speedy vaccine rollouts fuel an economic recovery, unleashing pent-up demand for both goods and services. Payment volumes at Visa (NYSE:V) jumped 34% on a constant dollar basis in the third quarter ended June 30 from a year earlier. Net income rose to $2.58 billion, or $1.18 per Class...

28 July

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Google parent Alphabet reaches record quarterly revenue, profit in ad boom By Reuters

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By Sheila Dang and Nivedita Balu (Reuters) -Google parent Alphabet (NASDAQ:GOOGL) Inc's quarterly revenue and profit surged to record highs, the company reported on Tuesday, powered by a rise in advertising spending as more consumers shopped online. Shares of Alphabet rose 5% in extended trading as it reported results that were a beat in both financial metrics. Shares of Facebook (NASDAQ:FB), Google's rival in web ad sales, which reports its own results on Wednesday, rose 1.3%. The digital ad market is booming, with consumers shifting to shopping largely online because of the coronavirus pandemic, leading...

28 July

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UPS shares hit three-month low on worries e-commerce is cooling By Reuters

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By Lisa Baertlein and Sanjana Shivdas (Reuters) -United Parcel Service Inc shares fell to a three-month low on Tuesday on worries that growth from the pandemic-fueled e-commerce boom may be fading. The company said second-quarter domestic volume fell 2.9%, with ground - composed largely of e-commerce deliveries - dropping 4% versus the year earlier. "Investors are likely reading this as an indication the pandemic-driven demand trend is slowing," Cowen Research analyst Helane Becker said in a client note. The stock was down 9.3% at $190.32 in midday trading, its lowest price since late April....

27 July

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Raytheon Jumps After Another Revision to Its Outlook By Investing.com

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By Dhirendra Tripathi Investing.com – Raytheon (NYSE:RTN) stock (NYSE:RTX) rose more than 3% Tuesday as the defense and aerospace contractor revised its outlook again. The improved forecast came after the company reported strong earnings in the second quarter, driven by recovery in the commercial air traffic market that resulted in higher fleet hours, better fleet utilization and more deliveries. The company now sees sales between $64.4 billion-$65.4 billion and adjusted earnings per share in the range of $3.85-$4. It also sees higher free cash flows of $4.5 billion to $5 billion. The company also projects more...

27 July

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Robinhood Working on Feature to Let Users Invest Spare Change By Bloomberg

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(Bloomberg) -- Robinhood Markets Inc. is exploring new features that would let customers invest spare change and better protect against volatility in cryptocurrency trading, according to code hidden inside a test version of the company’s iPhone app. Robinhood is developing an option called “round up investments” that will allow users to invest their spare change in specific stocks, according to the code, which was part of a version of the app distributed to beta testers earlier this month. The code also shows that the company is exploring a rewards program that will give bonuses to...

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Unfazed by global exit talk, BOJ policymakers confirm need to keep stimulus By Reuters

Asia shares sit at 2021 lows ahead of Fed verdict, China steadies By Reuters

AMD Earnings, Revenue beat in Q2 By Investing.com

Visa A Earnings, Revenue beat in Q3 By Investing.com

Russian billionaires vs British writer: court battle begins over Putin book By Reuters

Visa profit jumps as vaccinations boost spending By Reuters

Google parent Alphabet reaches record quarterly revenue, profit in ad boom By Reuters

UPS shares hit three-month low on worries e-commerce is cooling By Reuters

Raytheon Jumps After Another Revision to Its Outlook By Investing.com

Robinhood Working on Feature to Let Users Invest Spare Change By Bloomberg

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