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Economy

Here’s why the Xiaomi stock price rally has stalled

The Xiaomi stock price remained in a tight range this week as the recent momentum faded. It was trading at HKD 52.75…
Economy

Meituan share price has imploded: will it recover or fall further?

Meituan share price imploded today, Aug. 28, reaching its lowest level since September last year. This crash was a continuation of a…
Economy

Cambricon stock price surged: here’s why it may crash soon

Cambricon stock price has gone vertical this year and is now hovering at its all-time high. It jumped to a high of…
Stock

Germany boosts energy security with new Wilhelmshaven LNG terminal

On August 29, Germany will launch its second liquefied natural gas (LNG) import terminal at Wilhelmshaven port.  This move by state operator…
Stock

Snowflake stock jumps 14% on earnings beat, optimistic guidance; analysts raise PTs

Snowflake shares soared 14% during Thursday premarket trading after the cloud data platform beat Q2 earnings estimates and raised its revenue forecast…
Stock

China’s Cambricon turns the heat on Nvidia after delivering 44-fold revenue surge

Chinese AI chip company Cambricon Technologies delivered some impressive numbers that have everyone talking. The company saw its revenue skyrocket by 4,400%…
Stock

Sanctioned Russian Arctic LNG 2 cargo faces sanctions test with China delivery

On Thursday, a tanker laden with liquefied natural gas (LNG) from Russia’s sanctioned Arctic LNG 2 plant arrived at an import terminal…
Stock

Dow futures trade in green on Thursday: 5 things to know before Wall Street opens

Dow futures edged higher on Thursday, showing investors are feeling pretty decent about what’s coming down the pipeline. The futures were up…
Investing

Google Cloud enters $30 trillion payments race with blockchain ledger GCUL

Google Cloud has stepped into financial technology with the launch of its new blockchain platform, Google Cloud Universal Ledger (GCUL). The system,…
Investing

Mitsubishi exits Japanese offshore wind projects citing soaring costs

Mitsubishi Corp announced Wednesday it will pull out of three Japanese offshore wind power projects, citing soaring costs, a move that undermines…
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