Wall Street rebounds as market eyes tech results, strong U.S. data

U.S. stocks closed higher on Thursday, with the technology heavyweights rallying ahead of major earnings reports and upbeat domestic economic data calming investor jitters about surging coronavirus cases. The rebound came after a more than 3% slide a day earlier in Wall Street’s main indexes, underscoring heightened market volatility ahead of the presidential election next […]

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Analysis: Creeping funding costs skew China Evergrande’s deleverage drive

China Evergrande Group 3333.HK has taken to seeking loans at above-average interest rates in the shadow banking market, where caution even there over its cash flow hints at an increasingly fraught effort to reduce the property sector’s biggest debt. The developer, which owed 835.5 billion yuan ($125 billion) at June-end, has been shopping around for […]

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Activision raises sales forecast on lockdown demand, new COD release hopes

Activision Blizzard Inc ATVI.O raised its annual adjusted sales forecast on Thursday, betting on strong sales for its upcoming videogame in the blockbuster “Call of Duty” franchise as demand from stay-at-home gamers continues to rise. The company raised its full-year adjusted revenue forecast to $8.10 billion from $7.63 billion. Analysts had expected adjusted sales of […]

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