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News for nerds

Emerging Asia equities see biggest monthly foreign inflow in 20 months

Emerging Asian equities ex-China saw massive foreign purchases in August due to a rise in risk appetite based on tempered inflation expectations. Data from stock exchanges in South Korea, India,

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Volkswagen’s Antlitz: no comment on valuation of Porsche listing

Volkswagen (VOWG_p.DE) Chief Financial Officer Arno Antlitz would not comment on what the valuation of a Porsche listing would be, adding that he expected huge interest from the market. The

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Lufthansa to hire nearly 20,000 new employees by end of 2023 -CEO

Lufthansa (LHAG.DE) is planning to hire nearly 20,000 new employees by the end of 2023 as the aviation industry recovers from the pandemic, according to Chief Executive Carsten Spohr. During

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Banned U.S. AI chips in high demand at Chinese state institutes

High-profile universities and state-run research institutes in China have been relying on a U.S. computing chip to power their artificial intelligence (AI) technology but whose export to the country Washington

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Russia’s Sberbank begins lending in Chinese yuan, bank official says

Russia’s largest lender, Sberbank (SBER.MM), on Tuesday said it had started lending in Chinese yuan, as Moscow looks to develop its financial infrastructure in countries that have not imposed sanctions

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In Thatcher’s vein, Truss is not for turning

A look at the day ahead in European and global markets from Tom Westbrook Liz Truss will see Queen Elizabeth at Balmoral Castle this morning to form her government. She

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