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September 13, 2024
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U.S. Sanctions Chinese Firms and Institute for Supporting Pakistan’s Ballistic Missile Program

On September 12, the U.S. State Department announced sanctions against a Chinese research institute and several companies for supplying Pakistan’s ballistic missile program. This move follows similar sanctions imposed on three Chinese firms in October 2023 for providing missile-related items to Pakistan. According to U.S. State Department spokesperson Matthew Miller, the Beijing Research Institute of […]

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June 26, 2023
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Tesla Stock Is No Longer a Buy At Goldman Sachs; Shares Slip

Goldman Sachs analysts downgraded Tesla (NASDAQ:TSLA) stock to Neutral from Buy following a massive year-to-date rally in the electric vehicle (EV) maker’s stock. Still, they raised the price target to $248 per share from the prior $185, reflecting increased EPS estimates and a higher target multiple. The analysts remain positive on Tesla’s long-term growth potential […]

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June 22, 2023
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Dollar Steadies After Powell’s Testimony; Sterling Awaits BOE Meeting

The U.S. dollar stabilized in early European trade Thursday near a one-month low after the first day of Federal Reserve Chair Jerome Powell’s semi-annual testimony to Congress, while sterling edges lower ahead of the latest Bank of England meeting. At 01:50 ET (05:50 GMT), the Dollar Index, which tracks the greenback against a basket of […]

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June 06, 2023
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Exclusive-Accounting For War: Ukraine’s Climate Fallout

The war in Ukraine is deepening the climate crisis at time when global greenhouse gas emissions are already running at a record high, according to report by carbon accounting experts who have tallied the overall impact of the conflict. The report, which is due to be released on the sidelines of the U.N. climate summit […]

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June 05, 2023
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Gold Prices Dip Amid Rate Hike Uncertainty, Copper Retreats

Gold prices fell slightly on Monday amid uncertainty over whether the Federal Reserve will hold interest rates steady later this month, while concerns over weakening economic growth pulled copper prices down. The yellow metal fell on Friday after U.S. nonfarm payrolls data read much stronger than expected for May, which posited a hawkish outlook for […]

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June 02, 2023
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Germany Leads Big Bond Rally As Inflation Finally Heads Down

Germany is leading the biggest rally in global bond markets since March’s banking rout as cooling inflation and a weakening economy suggest European Central Bank rate hikes are nearing an end. Borrowing costs, or bond yields, in the benchmark euro area issuer are down at least 20 basis points (bps) this week. Alongside British and […]

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May 31, 2023
34 views 3 mins 0

Gold Edges Lower, Copper Slides On Disappointing Chinese Data

Gold prices crept lower on Wednesday as markets awaited more cues on the raising of the U.S. debt ceiling, while copper prices slid after data offered more signals of a slowing economic rebound in China. Copper futures sank 0.7% to $3.6338 a pound, and were set to lose about 6% in May as data showed […]