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Asian stocks see heavy outflows in September as virus woes weigh 

Asian stocks see heavy outflows in September as virus woes weigh 

Foreigners turned net sellers of Asian equities after three consecutive months of buying as concerns over a resurgence of the coronavirus and a firmer U.S. dollar dimmed demand for riskier assets. Cross-border investors sold a…

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Barclays to enter new European private banking markets in 2021 

Barclays to enter new European private banking markets in 2021 

Barclays (L:BARC) plans to enter four new European private banking markets in 2021, its regional manager for the business told Reuters. Gerald Mathieu, who in September became Barclays’ private banking head for Europe outside Britain, said…

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Stocks inch to two-week high after Trump leaves hospital

Stocks inch to two-week high after Trump leaves hospital

World stock markets neared a more than two-week high on Tuesday after U.S. President Donald Trump’s return to the White House from hospital where he was treated for COVID-19, and expectations of a new U.S.…

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Allianz CEO says there are a lot of zombie companies but households are resilient

Allianz CEO says there are a lot of zombie companies but households are resilient

Allianz (DE:ALVG) CEO Oliver Baete said on Tuesday that a lot of “zombie companies” were surviving due to government support but that many private households were more resilient than some thought. “We are camouflaging for…

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Puma shares dip as Kering sells 5.9% stake

Puma shares dip as Kering sells 5.9% stake

Shares in Puma (DE:PUMG) fell 3.5% on Tuesday after French luxury group Kering (PA:PRTP) said it had completed the sale of a 5.9% stake in the German sportswear company for approximately 656 million euros ($772 million). Kering…

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New pandemic wave could delay euro zone rebound, Lagarde says 

New pandemic wave could delay euro zone rebound, Lagarde says 

A second wave of the coronavirus pandemic risks delaying the euro zone’s economic recovery, European Central Bank President Christine Lagarde said on Tuesday.   “We now fear that the containment measures that have to be…

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UK’s Online Grocer Ocado Sued Over Patent Claims

UK’s Online Grocer Ocado Sued Over Patent Claims

U.K. online grocery retailer Ocado is involved in a patent lawsuit over robotically-operated warehouse technology with robotics company AutoStore, Reuters reported. AutoStore said Ocado has been a customer since 2012 and alleged that Ocado’s automatic storage system is based on…

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Kucoin Hack: $17M Laundered Via Decentralized Exchanges, Blockchain Analysis Firm Claims This Can Still be Traced

Kucoin Hack: $17M Laundered Via Decentralized Exchanges, Blockchain Analysis Firm Claims This Can Still be Traced

Elliptic says the Kucoin hacker has sold $17.1 million worth of tokens via decentralized exchanges (dex) platforms like Uniswap, Kyber Network, Tokenlon. The shift to dex applications comes after centralized projects came to the aid…

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China’s Largest Solar-Plus-Storage Project Goes Online

China’s Largest Solar-Plus-Storage Project Goes Online

China’s largest solar-plus-storage project has been connected to the grid. How big is it — 500 megawatts (MW)? 700 MW? 1,100 MW? Nope, we’re in 2020 — it’s 2,200 MW (2.2 GW). Sungrow, the #1 suppliers of inverters…

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Stocks and bonds look ‘more interesting’ in Asia than in the U.S., Credit Suisse says

Stocks and bonds look ‘more interesting’ in Asia than in the U.S., Credit Suisse says

Investors should look at Asia instead of the U.S. when it comes to stocks and bonds, an investment strategist told CNBC this week. “Given the election risk in U.S. and more expensive valuations, I think…

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