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Investors worried about pound’s future falling. Boris Johnson is the UK’s new candidate for a prime minister post. There is a lot of expectations of a hard Brexit linked with him. Johnson’s political views could create a big risk for the British economic situation. Last session euro traded low enough. Some analysts suggest it was caused by Mario Draghi’s predictions of a rate cut in September. The american dollar is on the back foot in comparison with major currencies, because U.S. Federal Reserve is going to make a rate cut soon. Hedge funds have raised positions in short on the sterling to its 10-month record. The Central Bank of the US is expected to lower it by 25 points.
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
Asian shares fell on Thursday as the U.S.-China tensions overshadowed hopes for more economic stimulus after Washington ordered the closure of Beijing’s consulate in Houston amid spying allegations. China called the order an “unprecedented ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
On Tuesday, Snap Inc.’s (SNAP.N) stock price declined by more than 11% in after-hours trading as investors digested the company’s user and revenue growth after its second-quarter earnings report. The social media company reported ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
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