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Saudi Aramco Q3 profit slumps 44.6% as pandemic chokes demand

Oil tanks are seen at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. /Reuters Saudi Arabian state oil giant Aramco on Tuesday reported a 44.6 percent dro

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China's industrial profits rise 10.1% in Sept.

Profits for China's major industrial companies climbed by 10.1 percent year on year to 646.43 billion yuan (about $96.5 billion) in September, narrowing 9 percentage points from August, National B

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Late-stage deals made Q3 2020 a standout VC quarter for US-based startups

Remember back in March when the VC game was done for the year, checkbooks were snapping shut and startup layoffs led the headlines? So much for all that. Q3’s venture capital numbers are in and

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Moody's downgrades UK as COVID-19 and Brexit hit debt outlook

A street scene of London, Britain, June 3, 2019. /VCG Ratings agency Moody's cut the United Kingdom's debt rating on Friday over the huge economic hit from the coronavirus crisis, Brexit and t

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Apple assembler Foxconn aims to supply to 10% of global EVs by 2027

Foxconn aims to provide components or services to 10 percent of the world's electric vehicles (EVs) by between 2025 and 2027, and has been in talks with multiple car manufacturers for future cooperat

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Samsung Electronics flags 58% jump in Q3 operating profit

An employee seen talking to customers at a Samsung store in Seoul, South Korea, July 5, 2020. /VCG Samsung Electronics Co said on Thursday third-quarter operating profit likely rose by 58 perc

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Fed pledges to keep rates low until it achieves maximum employment

The Federal Reserve building is pictured in Washington, DC, U.S.. (VCG Image) The US Federal Reserve on Wednesday pledged to keep rates low until it has achieved its goal of maximum employment

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India's Q1 GDP plummets, global rating firms lower growth expectations

New Delhi, capital of India. /VCG India's Gross Domestic Product (GDP) has shrunk by 23.9 percent year on year in the first quarter of the financial year 2020-21, as a strict national lockdown

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Japan's economy shrank more than estimated in Q2

A woman walks past at a shopping district amid the COVID-19 pandemic in Tokyo, Japan, August 17, 2020. /Reuters Japan's economy shrank slightly more than initially thought in the April-June qu

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Oil edges higher on hopes for U.S. stimulus, demand recovery

The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. /Reuters Crude oil gained more ground on Tuesday, with prices und

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Funding in an uncertain market: using venture debt to bridge the gap

While a handful of tech companies like Zoom and Shopify are enjoying massive gains as a result of COVID-19, that’s obviously not the case for most. Weaker demand, slower sales cycles, and customer ins

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Recovery in global air traffic may be delayed to 2024: IATA

A Southwest Airlines plane lands next to a United Airlines plane at San Francisco International Airport, California, the United States of America, March 6, 2020. /VCG Global air traffic will n

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U.S. equities post weekly losses amid coronavirus concerns, earnings

Wall Street's major averages declined in the week as investors pored through a new wave of earnings reports while grappling with fears over the soaring coronavirus cases in the United States. For

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IMF: U.S. dollar's prevalence hinders developing economies' recovery

The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, the U.S., September 4, 2018. /Reuters The greenback's prevalence is unfavorable for emerging

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China shares edge higher, healthcare stocks jump on vaccine hopes

China shares inched higher midday on Tuesday, supported by strong gains in healthcare stocks on rising hopes for a coronavirus vaccine, although profit-taking after the previous session's rally ke

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Aussie mining giant BHP posts record iron ore output on strong Chinese demand

Australian mining giant BHP has recorded its largest quarterly output of iron ore ever from the company's Western Australian (WA) operations, due to strong demand from Chinese steel mills. BHP sai

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Why Netflix shares are down 10%

Today after the bell, Netflix reported its Q2 financial performance. After its second-quarter numbers were out, the popular video streaming service saw its value drop sharply, with its shares off 10%