2024-05-30 10:10:55
#MarketNews
Happy Thursday, dear traders! Let's check the news moving the financial markets today:
Xi Jinping outlined a vision for enhanced cooperation with Arab states in technology and finance, reiterating China's support for UN membership in Palestine.
According to Columbia professor Takatoshi Ito, the Bank of Japan may raise interest rates two more times in 2024 but should avoid responding directly to the weak yen.
New Zealand's government has cut taxes by NZ$14.7 billion, targeting low and middle-income families, despite a widening budget deficit and delayed return to surplus.
BlackRock integrated its Bitcoin ETF into significant funds, expanding Bitcoin access for millions of clients worldwide.
Chinese EV makers are launching new models and investing in Europe to compete with Tesla and legacy automakers through local adaptation and strategic marketing.
Saudi Arabia plans to launch a $10 billion secondary offering of Aramco shares on Sunday to attract Middle Eastern and European investors and diversify its economy.
ConocoPhillips will acquire Marathon Oil for $17.1 billion in stock, giving Marathon shareholders a 15% premium and expanding ConocoPhillips' US shale operations. ConocoPhillips (#COP) shares fell 3.12%.
Google will invest $2 billion in Malaysia to build its first data center and a cloud facility, creating 26,500 jobs and generating an economic impact of $3.2 billion. Google (#GOOGLE) shares fell 0.35% today.
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@fbsanalytics
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