Half BlackRock's Clients Looking to Cut Stocks Exposure in 2019
Customers of the world’s biggest money manager say they will reduce allocation to equities amid rising concerns about a downturn in global growth.
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Monday, January 7, 2019
Huawei launches server chipset as China pushes to cut reliance on imports
Huawei Technologies Co Ltd [HWT.UL] on Monday launched a new chipset for use in servers, at a time when China is pushing to enhance its chip-making capabilities and reduce its heavy reliance on imports, especially from the United States.
Ex-Goldman Sachs banker denied bail in Malaysia pending extradition to U.S.
A Malaysian court on Monday declined to grant bail to former Goldman Sachs banker Roger Ng, pending his extradition to the United States where he faces charges related to suspected money laundering of funds siphoned off from state fund 1MDB.
Tesla CEO Musk says to break ground on Shanghai Gigafactory today
Tesla Inc on Monday will break ground for its Shanghai Gigafactory where it will begin making Model 3 electric vehicles (EV) by year-end, Chief Executive Elon Musk tweeted https://twitter.com/elonmusk/status/1082103637990625281 ahead of the formal start of construction of the firm's first Chinese plant.
BlackRock Heaps Praise on Gold's Role as a Tough Year Opens
Gold may extend gains as global growth slows, equity market volatility remains elevated and the Federal Reserve is expected to ease back on the pace of policy tightening this year, according to a BlackRock Inc. money manager, who says the precious metal offers an effective hedge.
'Bohemian Rhapsody' takes upset win at Netflix-dominated Golden Globes
Queen musical "Bohemian Rhapsody" and U.S. segregation-era comedy "Green Book" took home the top Golden Globes on Sunday on a night of upsets that saw presumed favorite "A Star is Born" largely shut out, and big wins for Netflix .
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