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Monthly Archives: March 2018

Stick with growth stocks like Netflix, Amazon and Micron

The “extraordinary” performance of growth stocks over the past year doesn’t mean those names are slowing down anytime soon, according to Goldman Sachs. Goldman chief U.S. equity strategist David Kostin told clients to stick with names in health care and consumer discretionary and resist jumping into value stocks. Top picks …

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Zimbabwe’s Mnangagwa struggles to repatriate offshore cash

John Cassim | Anadolu Agency | Getty Images South African President Cyril Ramaphosa (R) meets his Zimbabwean counterpart Emerson Mnangagwa (L) during a visit to Harare, Zimbabwe, on March 17, 2018. Question marks remain over the circumstances in which then-Vice President Mnangagwa assumed power in November last year, ending former …

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AirAsia Group CEO on the importance of passion when making career decisions

Ben Hoskins | Getty Images Sports | Getty Images QPR owner Tony Fernandes celebrates after his team won the Sky Bet Championship Playoff Final match between Derby County and Queens Park Rangers at Wembley Stadium on May 24, 2014 in London, England. “For me, I do things because I love …

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Transitional period to last until end of 2020

Dario Pignatelli | Bloomberg | Getty Images David Davis, U.K. exiting the European Union (EU) secretary, left, and Michel Barnier, chief negotiator for the European Union (EU). The U.K. will remain in the European Union until the end of 2020, but with restricted powers, officials announced Monday. The EU and …

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Singapore fines Standard Chartered over money laundering breaches

Philippe Lopez | AFP | Getty Images A pedestrian walks past a branch of Standard Chartered bank in Hong Kong on February 23, 2016. The Monetary Authority of Singapore (MAS) imposed penalties of S$5.2 million ($3.95 million) on the Singapore branch of Standard Chartered Bank (SCBC) and S$1.2 million on …

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China could take military action in response to US legislation on Taiwan, state news outlet says

Saul Loeb | AFP | Getty Images President Donald Trump and Chinese President Xi Jinping (R) arrive prior to a meeting on the sidelines of the G20 Summit in Hamburg, Germany, July 8, 2017. China should and will take military action if the U.S. decides to press ahead with legislation …

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Credit Suisse Chief Economist James Sweeney: Donald Trump, trade deficit

Jonathan Ernst | Reuters President Donald Trump and China’s President Xi Jinping leave after an opera performance at the Forbidden City in Beijing, China, November 8, 2017. “Increasingly in the U.S., when there’s acceleration in business expansion, there’s a sharp plunge in trade balance,” Sweeney said during a panel discussion …

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Bitcoin rallies back $700 in less than three hours

Bitcoin prices rallied back by more than $700 in less than three hours during late Sunday trading, capping off a wild weekend that saw the digital currency plunge through $8,000 and even near the $7,000 level. Prices are still off by 15 percent in the last 7 days, according to …

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China’s car market will grow 20 percent

ChinaFotoPress | Getty Images Cars at the end of National Day Holiday on October 6, 2015 in Beijing, China. “I think everything is changing. As you know, Jack Ma mentioned about ‘new retail.’ I think the ‘new retail’ concept works well for SouChe,” Yuan said, adding that the company has …

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Samsung, Sharp and others tumble following report Apple is producing its own screens

Getty Images The new iPhone 8, iPhone X and iPhone 8S are displayed during an Apple special event at the Steve Jobs Theatre on the Apple Park campus on September 12, 2017 in Cupertino, California. Shares of several Apple suppliers traded sharply lower in Asia Monday morning trade following a …

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