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TikTok Plans To Operate E-commerce Fulfillment System In US
Social media app TikTok plans to operate U.S warehouses and product fulfillment centers to create its own e-commerce supply chain system, job listings on its website and LinkedIn indicate. TikTok reportedly began piloting a shopping feature last year in the U.S., Canada and the U.K. through a deal with Shopify.
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CAC 40 Edges Higher In Cautious Trade
French stocks were a tad higher in choppy trade on Wednesday after data showed Eurozone industrial output rose strongly in August.
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DAX Slips In Cautious Trade As Yields Jump
German stocks were subdued on Wednesday as yields edged up on concerns about instability in the U.K. bond market.
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Asian Shares Mixed As Growth Worries Linger
Asian stocks ended mixed on Wednesday after recent string of losses on worries about slowing global growth and the impact of rising interest rates on corporate profits.
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Pound Rebounds As BoE Chief Bailey Hints At Bond-buying Extension
The pound erased its early losses against its major counterparts in the Asian session on Wednesday, following a media report that the Bank of England is considering an extension to emergency bond-buying program when it ends on Friday.
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Bank Of Korea Raises Key Rate By 50 Bps
South Korea's central bank lifted its key interest rates on Wednesday, citing tightening stance of the US Federal Reserve and stubbornly high inflation. The Monetary Policy Board of the Bank of Korea decided to raise the Base Rate by 50 basis points to 3.00 percent from 2.50 percent, as widely expected.
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European Shares Seen Opening Little Changed Amid BoE Speculation
European stocks are seen opening on a flat note Wednesday after five consecutive sessions of losses.
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European Economics Preview: UK GDP Data Due
Monthly GDP, industrial production and foreign trade reports from the UK are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP data for August. The economy is forecast to remain flat on month, following a 0.2 percent rise in July.
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Sensex, Nifty Marginally Higher In Early Trade; Metal Stocks Subdued
Indian shares opened on a positive note Wednesday after three days of losses.
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Asian Markets Mostly Lower On Weak Global Cues
Asian stock markets are mostly lower on Wednesday, following the broadly negative cues from global markets overnight, due to continuing concerns about rising interest rates and economic slowdown. A downward revision in the global economic growth forecast by the International Monetary Fund also weighed on the markets. Asian Markets closed mostly lower on Tuesday.
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Sensex, Nifty Seen Higher At Open; Inflation Data Eyed
Singapore Nifty futures indicate a positive start for Indian markets after recent losses. Underlying sentiment, however, may remain cautious amid growing risk aversion stemming from the U.S. rate hike fears and escalating geopolitical tensions.
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Losing Streak May Continue For Thai Stock Market
The Thai stock market has moved lower in three straight sessions, sinking more than 25 points or 1.7 percent along the way. The Stock Exchange of Thailand now rests just above the 1,560-point plateau and it's likely to extend its losses on Wednesday.
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Japanese Market Slightly Lower
The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous two sessions, with the Nikkei 225 below the 26,400 level, following the broadly negative cues from global markets overnight, with weakness in technology stocks and exporters. A downward revision in the global economic growth forecast by the International Monetary Fund also weighed.
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