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Citi Is Not Exiting China

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🇨🇳 🇨🇳 Citigroup says its not pulling out of China. Citibank (China) issued a statement on Tuesday refuting recent false reports and misleading statements circulating on social media platforms regarding “Citibank’s exit from the Chinese market”

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Amazon: Any Bad News Is A Buying Opportunity

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📦 📦 Deutsche: “Amazon remains one of the best earnings-growth stories in the market heading into 2024”

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Palo Alto Strengthens Its Hand

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🇺🇸 🇺🇸 Palo Alto Networks Inc. (PANW) agreed to buy Talon Cyber Security Ltd for $625 million, marking the second acquisition of an Israeli peer within a week

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Know The Difference

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🧠 🧠 Know the Moves Before the Market Does: Turn Your WhatsApp Into An ATM. Receive Real-Time Algo Generated trading alerts with an Accuracy Ratio of 90% for Global Stocks, FX, Exchange Traded Funds (ETFs) and Futures and Gain Access To Specialised Financial Videos On Vimeo —Sign Up Now For 14 Day Free Trial!
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Goldman Turns Bullish On Japanese Banks

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🇯🇵 🇯🇵 BREAKING: Goldman says Bank of Japan’s policy tweak is good news for banks. Japanese banks “remain in focus as a beneficiary” of BOJ’s interest rate normalization
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PwC UK To Axe 600

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🇬🇧 🇬🇧 PwC To Axe 600 Jobs In UK As Number Of Resignations Drops Below Average – FT

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Funds Nibble At Chinese Stocks

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🇨🇳 🇨🇳 Foreign investors are dipping their toes back into onshore Chinese stocks after a record bout of selling, a sign that the battered market may be forming a bottom. Overseas funds added a total of 15 billion yuan ($2.1 billion) over three sessions, the longest run of net purchases since early August. The CSI 300 benchmark (SHSZ300) has gained 4.6% from last month’s low
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UK Construction Materials Costs Plunge

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🇬🇧 🇬🇧 UK construction companies reported the sharpest drop in the cost of building materials in 14 years, adding to signs that a more sluggish economy is starting to ease inflationary pressures

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Mondelez To Raise Prices

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🍪 🍪 Mondelez International Inc. (MDLZ), the maker of Oreo cookies and Toblerone chocolates, will raise prices next year on some of its products as the company faces pressure from cocoa and sugar costs

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RBA Expected To Hike Today

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🇦🇺 🇦🇺 Event Alert: RBA expected to hike interest rate today by 0.25%

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