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Malaysia Economy Expands At Fastest Pace Since Late 2022
Malaysia's economy posted its fastest growth in six quarters with strong support from services and manufacturing sectors, official data revealed Friday. Gross domestic product registered an annual growth of 5.8 percent in the second quarter after rising 4.2 percent in the previous quarter, advance estimate from the Department of Statistics revealed on Friday.
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Otis Worldwide Appoints Cristina Mendez As CFO
Otis Worldwide Corp. (OTIS) announced Friday the appointment of Cristina Mendez as Executive Vice President & Chief Financial Officer, reporting directly to Otis Chair, CEO and President, Judy Marks.
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Bay Street Likely To Open With Negative Gap
Falling commodity prices, concerns about global economic growth, and the likely impact of a global tech outage that has hit services from airlines, banks and financial services are likely to render the mood a bit bearish on Bay Street Friday morning.
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Microsoft, Crowdstrike Stocks Hit On Windows Outage; Crowdstrike Says Fix Deployed
Shares of tech major Microsoft Corp. were losing around 2 percent and cybersecurity company Crowdstrike were down 13 percent in the pre-market trading on the Nasdaq following global outage that hit millions around the world. Microsoft Windows users across the world are facing severe outage as they get the Blue Screen of Death or BSOD error, which causes the system to suddenly shut down or restart.
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American Express Boosts FY24 Earnings Outlook - Update
While reporting financial results for the second quarter on Friday, integrated payments company American Express Co. (AXP) raised its earnings guidance for the full-year 2024, while maintaining annual revenue growth outlook.
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Comerica Q2 Net Profit Declines, But Tops Estimates
Comerica, Inc. (CMA), a financial services company, reported Friday that net income attributable to common shares for the second quarter decreased to $200 million or $1.49 per share from $266 million or $2.01 per share in the prior-year quarter.
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UK Government Borrowings Overshoot Estimate
The bigger-than-expected UK public sector net borrowing in June highlights the challenges faced by the new government. Public sector net borrowing decreased GBP 3.2 billion from the last year to GBP 14.5 billion in June, marking the lowest June borrowing since 2019. However, the latest figure was GBP 2.9 billion higher than the GBP 11.6 billion forecast by the OBR.
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Berita lainnya
Sensex, Nifty Tumble Amid Global Selloff; Metal Stocks Worst Hit
Indian shares fell sharply on Friday, tracking weak cues from global markets.
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814 hari yang lalu
Electrolux Stock Up On Q2 Operating Profit, Sales Growth
Shares of Electrolux AB were gaining around 6 percent in the morning trading in Stockholm after the Swedish home appliance major reported Friday sharply narrower loss in its second quarter, and swing to an operating profit with strong growth in net sales. The company further said it now targets cost savings of approximately 4 billion Swedish kronor in 2024.
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814 hari yang lalu
European Shares Decline As Risk Appetite Wanes
European stocks fell on Friday to hit a two-week low as falling commodity prices and a global tech sell-off dented sentiment.
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814 hari yang lalu
FTSE 100 Dips As Miners Fall On Chinese Demand Concerns
U.K. stocks declined on Friday as lower commodity prices due to the lack of Chinese stimulus measures dragged resource stocks.
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814 hari yang lalu
CAC 40 Slips Into Red Despite Dovish ECB Commentary
French stocks drifted lower on Friday as U.S.-China tensions persisted and China's ruling Communist Party ended a top-level meeting without offering details to address economic difficulties.
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814 hari yang lalu
Netflix Ends Basic Ad-free Plan As Solid Subscriber Growth Boosts Revenue View
Netflix Inc. has phased out its basic ad-free streaming plan in the United States and France on the success of its ad-supported offering. The move comes as solid growth in its global memberships and strong second-quarter results benefited the streaming media major to issue significantly positive third-quarter outlook and to hike fiscal 2024 revenue and margin view.
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814 hari yang lalu
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