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US Federal Reserve is set to raise rates four times this year: Goldman Sachs
Four hikes in the US interest rate, as well as the sale of the Federal Reserve’s assets, are expected this year, Goldman Sachs Group said.
The balance sheet runoff process – which is the reduction of an entity’s assets – could take place…
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EU plants call for $568bn investment; Japan’s JERA to spend $597m on ammonia-based projects
Colossal investments and expenditures in regions such as the EU and Japan are keeping the energy sector intact despite the pressure that central banks are facing because of the sector.
Looking at the Bigger Picture:
New EU plants…
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Swiss Stock Exchange SIX eyes Latin America for expansion: media reports
Swiss stock exchange operator SIX is looking at Latin America to expand after it bought the Spanish stock market BME in 2020, Spanish newspaper Cinco Dias reported on Monday citing SIX’s CEO Jos Dijsselhof.
SIX’s top executive said SIX…
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Foodics acquires cloud tech POSRocket amid further international expansion
Saudi restaurant technology services provider Foodics has acquired point-of-sale software maker POSRocket in a bid to further expand outside of the Kingdom.
The move is seen to put Foodics as the “dominant restaurant-tech provider in…
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‘Neom Coin’ started trading on BitMart, but it’s not connected to Saudi Arabia’s NEOM
A new cryptocurrency, Neom Coin, has started trading on one of the world’s largest trading platforms for digital coins BitMart — but it’s not connected to Saudi Arabia’s NEOM.
Its maker, India-based Neom Blockchain Technologies, said the…
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Key Kazakh oilfield hit by protests
Oil production at Kazakhstan's top field Tengiz was reduced on Thursday, its operator Chevron said, as some contractors disrupted train lines in support of protests taking place across the central Asian country.
Demonstrations in the…
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Father, son from Japan guilty in Vegas in $1.5B ‘Ponzi’ case
Two former investment executives from Japan have pleaded guilty in Las Vegas to wire fraud in what prosecutors have called a $1.5 billion international Ponzi scheme with 10,000 victims in the US and abroad.
Junzo Suzuki and his son, Paul…
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France imposes a fine of $ 238 million on Google and Facebook
On Thursday, the French data protection regulator imposed fines of 150 million euros ($170 million) and 60 million euros ($68 million) on Google and Facebook, respectively.
According to Forebs, this came after the two companies failed to…
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Saudi universities agree to cooperate on atomic, renewable energy
Two Saudi universities have signed an agreement to combine their capabilities and resources to help realize the Kingdom’s ambitions in the fields of atomic and renewable energy.
The deal, between King Abdulaziz City for Science and…
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Kingdom Holding concludes selling half of its stake in Four Seasons hotels
Kingdom Holding Co. said it had concluded selling half of its shares in Four Seasons hotels and collected cash proceeds of SR8.29 billion ($2.21 billion) from the sale, according to a bourse filing.
The company, known as KHC, said the…
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