German Recession will be Milder than Expected Ifo

BERLIN, Dec 14 Reuters Germany39;s recession will be milder than expected, with the economy expected to contract by 0.1 in 2023 compared to a previous forecast of shrinking by 0.3, the Ifo economic institute said on Wednesday. The economy is expected to grow by 1.8 in 2022 compared to a previous forecast of 1.6. Inflation […]
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Berkshire Hathaway sells 34.4 mln Worth of Shares in BYD

HONG KONG, Dec 13 Reuters Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.33 million Hong Konglisted shares of electric vehicle maker BYD for HK267.69 million 34.43 million, a stock exchange filing showed. The sale lowered Berkshire39;s holdings in BYD39;s total issued Hshares to 14.95 on Dec. 8, down from 15.07, according to […]
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Binance says Deposits Returning after Heavy Withdrawals

LONDONSINGAPORE, Dec 14 Reuters The head of major crypto exchange Binance said on Wednesday deposits were returning, a day after it saw heavy outflows of cryptocurrencies and halted some stablecoin withdrawals. On Tuesday, blockchain data firm Nansen said Binance saw withdrawals of 1.9 billion in 24 hours, the largest such outflow since June. Users had pulled out […]
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Inditex Profit Jumps as Zara Owner Lifts Prices

MADRID, Dec 14 Reuters Zara owner Inditex posted a 24 increase in net profit for the first nine months of its fiscal year, as price rises helped offset weakening global demand for clothing. The world39;s biggest fashion retailer39;s store and online sales rose 19 from a year ago, slightly faster than analysts had expected. Price rises […]
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Apples Japan Investment Crosses 100 bln

TOKYO, Dec 13 Reuters Apple Inc said on Tuesday it had invested more than 100 billion in its Japanese supply network over the last five years, as its Chief Executive Officer Tim Cook visited the epicentre of the country39;s semiconductor industry. Cook said in a Monday tweet he visited Kumamoto prefecture in southwestern Japan, home to […]
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