‘Extreme anxiety’: Alleged Westpac fraudster breaks silence

Alleged Westpac fraudster Bill Papas says he’s been suffering from illness and anxiety since being hit with fraud allegations from Westpac and has had trouble responding to court orders because of his poor access to a computer and the internet in Greece. In an affidavit filed with the Federal Court on Wednesday, Mr Papas apologised for missing multiple court deadlines […]

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What does the future hold for Chinese companies listed in the US?

New Delhi (CNN Business)Tencent has announced new limits on the amount of time minors can spend playing the company’s online games, even as investors worry that China may extend its historic crackdown on the private sector to the gaming industry. Those fears were stoked Tuesday after Economic Information Daily — a business newspaper owned by Xinhua News Agency, which is […]

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Bitcoin price hovers around $38,600 in early Tuesday trading

Fox Business Flash top headlines for August 2 Check out what’s clicking on FoxBusiness.com. Bitcoin and Ethereum are both lower early Tuesday morning. Bitcoin was trading at $38,602 per coin while Ethereum was trading at nearly $2,500, Coindesk reported. Meanwhile, Dogecoin was at 19 cents and XPR was trading at 71 cents, the report said. MAYOR SUAREZ ON MIAMICOIN LAUNCH, […]

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July jobs report, ADP employment, Victoria's Secret stock market debut and CVS Health earnings top week ahead

Markets starting to see ‘lunatic’ fiscal policies coming out of White House: Moore Economist Stephen Moore discusses concerns about the country’s economic recovery, arguing the weight of the Western world ‘rests on the shoulders’ of West Virginia Sen. Joe Manchin. Jobs will be in focus this upcoming week as investors will take in data including ADP employment and nonfarm payrolls […]

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Toys for Tots prepares for supply shortage this holiday season

Former Toys ‘R’ Us CEO says retail chains’ ‘buy now, pay later’ option won’t change anything Gerald Storch breaks down recent retail earnings  The U.S. Marines Toys for Tots charity program is anticipating higher prices and a smaller supply of toys this holiday season. Hasbro and Mattel both noted concerns in recent earnings calls, citing supply chain disruptions stemming from […]

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European stocks fall with investors monitoring earnings, new data; UniCredit up 5%

Earnings continued to take center stage in Europe with BNP Paribas, Renault, Air France-KLM and IAG among the big names reporting Friday. On the data front, initial flash estimates for euro zone harmonized inflation in July are due at 10 a.m. London time, along with second-quarter preliminary GDP estimates. LONDON — European stocks retreated Friday after closing the previous session […]

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NAB to launch $2.5b share buyback

The National Australia Bank has unveiled a share buyback worth up to $2.5 billion, making it the second major bank to return surplus capital to investors while continuing to support customers through the pandemic with loan deferrals. NAB told the ASX on Friday morning it planned to buy shares back on the open market starting in mid to late-August, following […]

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Treasuries Close Roughly Flat Following Lackluster Session

Treasuries showed a lack of direction over the course of the trading session on Thursday before ending the day roughly flat. Bond prices spent the day bouncing back and forth across the unchanged line. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, crept up by less than a basis point to 1.269 percent. The […]

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