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Previous examples of the U. It bought out the remainder of the company in Grindr's founder and chief executive officer, Joel Simkhai, stepped down in after Kunlun bought the remaining stake in the company. Kunlun's control of Grindr has fuelled concerns among privacy advocates in the United States. It should continue to draw a line in the sand for future foreign acquisition of sensitive personal data," Markey and Blumenthal said in a statement on Wednesday.
Kunlun is one of China's largest mobile gaming companies. There's no whining in the White House! With a market capitalization close to market-leader Tesco, Jonathan Smith writes how he now thinks the Ocado share price could be becoming overvalued. The post Ocado share price: Business leaders, policy makers and politicians alike are pinning hopes on the rural sector as bountiful rains have set the stage for another year of record crops.
Higher disposable incomes with farmers are expected to boost demand from automobile to cement to gold jewelry. That contrasts with the urban areas, where companies are still struggling to boost their sales following the pandemic that has hit business activities, hurt demand and caused labor shortage.
Maruti Suzuki India Ltd. Hero MotoCorp Ltd. Higher sales in rural markets will compensate for the losses in urban and semi-urban towns. Unprecedented DemandSome companies reported strong demand for their products and services, such as automobile, cement, steel, tires and jewelry, in rural areas. Hindustan Unilever Ltd. Farm equipment makers echoed the sentiment. Even construction activities gathered pace. JSW Steel Ltd. Some farmers preferred to invest in gold.
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Flash in the Pan? With more than eight million reported infections, the South Asian nation is the second-worst-hit by the pandemic after the U. Bhargava, chairman of automaker Maruti, told reporters. A rush to own private vehicles as people move away from mass transport will be over by January, he said. Automobile inventories had piled up in anticipation of strong sales during the October-November festive season. Sales were already going through their worst slump even before the virus, and pent up demand during the nationwide lockdown led to increased sales on a lower base.
As demand may be subdued after the festival season, automobile makers and dealers should be cautious about building inventories, the Federation of Automobile Dealers Associations said Monday. Stockpiles at the moment are at the highest level for the financial year, which may later hurt dealers, leading to showroom closures and job losses, it said in a statement.
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Some experts highlighted that India is witnessing an uneven recovery, where upper-income groups are seeing a rapid and strong improvement in their economic conditions, while those with lower incomes are losing ground. Sterling edged up in early London trading on Monday after reaching a nine-week high versus the dollar overnight, as Democrat Joe Biden's victory in the U.
Global equities rose and the dollar fell to a week low overnight as investors turned optimistic that a Biden presidency would result in a bigger fiscal stimulus package for the United States and calmer global trade. The pound rose overnight but erased some gains early London trading as the dollar recovered, while investors focussed on a new round of Brexit negotiations.
Bloomberg -- Wall Street is celebrating the prospect of a U. Gains stretched from commodities to emerging markets, with investors still buoyant over a possible split in Congress, which could spell legislative deadlock, or simply relieved that the election process has come to an end. Some of the strongest gains were in technology stocks, with futures on the Nasdaq index were up 1.
Under Biden, additional tariffs that fueled the trade war are unlikely to materialize.
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Treasuries were steady and the dollar stabilized. Recent weakness in the greenback has boosted commodities, pushing oil and gold prices higher. In Turkey, the lira surged the most since March The lira, the worst performer in emerging markets this year, gained as much as 4.
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These are some key events coming up:Brexit trade-deal talks between the U. London time. The Stoxx Europe Index climbed 1. The euro rose 0.
The British pound gained 0. The Japanese yen weakened 0. BondsThe yield on year Treasuries declined less than one basis point to 0. The yield on two-year Treasuries declined less than one basis point to 0. CommoditiesWest Texas Intermediate crude gained 1. Gold strengthened 0. For more articles like this, please visit us at bloomberg. Dublin, Nov. The Business to Business Payments Report Singapore , is a comprehensive review of the business expense payment and acceptance preferences of over businesses in Singapore.
Looking at key drivers, barriers to payment types and opportunities for financial service providers, this report provides financial institutions with unique data driven insights to effectively design their strategy and meet their business customers' needs. Methodology: In total, over businesses in Singapore were interviewedThe survey covers small to mid-sized businesses operating in Singapore. This is a must-read report for all financial service professionals working in Singapore's business banking and business payments sectors.
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