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Latest Articles in Companies Markets

IBM Posts Double-Digit Cloud Revenue Growth; Says Customers Deferring Some Projects

IBM's total revenue fell 2.6% to $17.56 billion in the reported quarter, but was slightly above analysts' estimates of $17.54 billion

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GM Plans Investments To Expand Electric Vehicle Production

The automaker plans to spend $2.5 billion overhauling and retooling its Detroit-Hamtramck factory to build a GMC Hummer EV electric pickup truck, an automated robotaxi and other vehicles.

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BMW Says Third-Quarter Cash Flow In Auto Segment Was Above Expectations

Free cash flow amounted to 3.07 billon euros ($3.61 billion) in the third quarter, up from 714 million euros ($840.16 million) in the year-earlier period

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Asian Stocks Dip As US Political Concerns Grow

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.11% lower after U.S. stocks ended the previous session in the red.

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South Korea's SK Hynix To Buy Intel's NAND Business For $9 Billion

SK Hynix shares jumped immediately after the news before valuation concerns saw them reverse gear to fall 2%, while the wider market was down 0.7%. Samsung Electronics gained 1%.

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Exxon Mobil, After Trump's Fundraising Remarks, Says Its CEO And Trump Had No Phone Call

Trump's re-election campaign and the Republican National Committee started the last full month before the Nov. 3 election with $251.4 million in cash, after raising $247.8 million in September.

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Kapil Wadhawan Offers Rs 43,000 Cr Family Assets To Repay DHFL Lenders

Wadhawan wrote to RBI-appointed administrator R Subramaniakumar on October 17 saying his offer would ensure maximum value for the assets that have been put on the block to repay loans.

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Tokyo Stock Exchange Plans New Protocols After Trading Halt

The exchange also said in a statement it will set up a committee with investors, members from investment banks, IT vendors, and a representative from Japan's financial regulator to draft the new guidelines.

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Nifty, Sensex End Higher As Banks, State-Run Firms Gain

The NSE Nifty 50 index closed up 0.94% at 11,873.05, while the S&P BSE Sensex ended 1.12% higher at 40,431.6.

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Foreign Inflows Into Asian Bonds More Than Doubles In September

Asian countries have had mixed success in containing the coronavirus outbreak and protecting their economies, but foreigners became net sellers of Asian equities in September on concerns about a virus resurgence, prompting them to sell $6.5 billion worth of regional equities.

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China's $1.5 Million Digital Currency Giveaway Impressed Analysts. Shoppers, Not So Much

Sceptical reactions among some Shenzhen recipients of the giveaway - long used to scanning phones to pay for goods with other systems - showed the central bank and government have work to do in convincing consumers of the benefits of a central bank-backed digital yuan.

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Brexit Brinkmanship: UK Tells EU Door Still Open For Deal

Prime Minister Boris Johnson said on Friday there was no point in continuing talks and it was time to prepare for a no-deal departure when Britain's informal EU membership - known as the transition period - ends on Dec. 31.

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Global Markets: Vaccine Hopes Drive Stocks Higher On 'Black Monday' Anniversary

Wall Street futures rose 0.9% on the 33rd anniversary of the 1987 "Black Monday" crash, when the Dow Jones Industrial Average lost 22.6% in one day, equivalent to a drop of about 6,500 points in the index today.

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Gold Futures Gain On Spot Demand

Gold prices traded 0.38 per cent higher at USD 1,913.60 per ounce in New York.

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