Archive

Cleveland-Cliffs to Buy ArcelorMittal USA for $1.4 Billion

  The world’s largest steel producer ArcelorMittal (AMS: MT), has announced that the Ohio-based Cleveland-Cliffs Inc. (NYSE: CLF) is acquiring its US subsidiary, ArcelorMittal USA LLC, for roughly $1.40 billion and the share buyback program would begin soon. The steel

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Mask Network Facilitates Uniswap Trading on Twitter

  The cryptocurrency remains range-bound with a slight bearish bias. Bitcoin (BTC) continues to struggle in its efforts to breach the $11,000 level. At the time of writing this article, Bitcoin was trading at $10.697, down 2% in the past

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Mexico Unemployment Declines Slightly to 5.2% in August

  The Mexican peso gained ground against the greenback after the report of a slight decline in the unemployment rate in July. The strengthening of the peso was also aided by the widening of trade surplus in August. However, the

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AstraZeneca Gets Partial Protection in COVID-19 Vaccine Deal

  AstraZeneca PLC (NYSE: AZN) has clinched a deal with the European governments to safeguard itself from any exorbitant fines in case its COVID-19 vaccine leads to any side-effects. As per the agreement, European governments will settle claims above a

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Accenture Down as EPS and Q1 Outlook Disappoint Analysts

  Technology consulting firm Accenture PLC (NYSE: ACN) reported fiscal 2020 fourth-quarter earnings and revenues below analysts’ estimates. The company also issued a lower-than-anticipated Q1 and FY 2021 outlook as clients have tightened their purse strings due to the COVID-19

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The Eurozone Flash Services PMI Hits A Four-Month Low

  The euro dollar declined against the pound following the release of French and German flash services PMI data that indicates contraction in September. The UK’s flash services PMI data also missed economists’ estimates but reflected an expansion, albeit at

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Xage to Build Blockchain Data Security Tool for US Space Force

The cryptocurrency market has become slightly bearish, with Bitcoin (BTC) failing, again, to stay above the $11,000 level. At the time of writing this article, Bitcoin was trading at $10,295.52, down 2.1% in the past 24 hours. Ether (ETH) has

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Illumina to Acquire Cancer Testing Firm Grail for $8 Billion

  Biotechnology company Illumina Inc. (Nasdaq: ILMN) is acquiring privately-held GRAIL, Inc., a healthcare company focused on cancer screening, in a cash and stock deal worth $8 billion. With a 14.5% stake, Illumina is already the largest shareholder of GRAIL.

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China Central Bank Leaves Benchmark LPR Unchanged

  The Chinese yuan began the week on a stronger note against the greenback, but was unable to hold onto gains as traders were worried about a resurgence in COVID-19 infections in Europe. Specifically, traders avoided riskier assets over concerns

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Huawei Updates Its Blockchain-Powered Cloud Service

  The cryptocurrency market has once again turned weak, with Bitcoin (BTC) failing to sustain above the $11,000 level. In the past 24 hours, Bitcoin has lost 4.7% to trade at $10,458. Ether (ETH) has lost 8.3% to trade at

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