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Ant International’s Bettr Partners with Muslim Pro to Introduce Umrah Financing Service in Malaysia

Ant International’s Bettr Partners with Muslim Pro to Introduce Umrah Financing Service in Malaysia

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KUALA LUMPUR, Malaysia — Bettr, a leading provider of inclusive and embedded finance and fintech solutions under Ant International, today announced its partnership with Muslim Pro, a popular Islamic lifestyle app serving over 190 million downloads worldwide, to launch an Umrah financing solution in Malaysia. Read More

U.S. stock futures little changed as Hormuz reopening doubts grow

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Oil Extends Gain as Oman-Iran Accord on Hormuz Remains Elusive

Oil Extends Gain as Oman-Iran Accord on Hormuz Remains Elusive

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(Bloomberg) — Oil extended gains as Iran and Oman remained short of a deal to reopen the Strait of Hormuz, while Houthi militants claimed an attack on a Saudi refinery near the Red Sea. Read More

Apple tests China’s CXMT memory chips for iPhones and MacBooks, WSJ reports

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Apple tests memory chips from China’s CXMT to ease AI-driven supply crunch – WSJ

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Wait for Hormuz Deal Stretches on as Iran Says Terms Must Be Met

Wait for Hormuz Deal Stretches on as Iran Says Terms Must Be Met

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(Bloomberg) — The wait dragged on for an Iranian deal with Oman on the Strait of Hormuz, with the Islamic Republic warning the US that any pact wouldn’t lead to an immediate reopening of the crucial energy chokepoint. Read More

China’s Inflation Cools as Oil Shock of Iran War Starts to Ease

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(Bloomberg) — China’s factory-gate inflation eased for the first time since the Iran war broke out in late February while consumer prices also decelerated, in another sign that cost pressures from the oil shock are starting to fade. Read More

Iran Says Hormuz Deal Close But That Its Conditions Must Be Met

Iran Says Hormuz Deal Close But That Its Conditions Must Be Met

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(Bloomberg) — Iran said it’s “very close” to a deal with Oman on a new maritime transit route in the Strait of Hormuz, after expectations grew this week that an announcement may soon be made. Read More

What happens to stocks when the Fed starts hiking? Barclays weighs in

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Berkshire Hathaway Buys Back $4.5 Billion of Its Own Shares

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(Bloomberg) — Berkshire Hathaway Inc. spent about $4.5 billion to buy back its own shares in the second quarter, providing shareholders with the largest quarterly payout since 2021, as operating earnings surged. Read More

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US Weekly Highlight

Tuesday Aug 11:
Existing Home Sales – July

Wednesday Aug 12:
Core CPI – July
CPI – July

Thursday Aug 13:
Core PPI – July
PPI – July

Friday Aug 14:
Retail Sales – July
Core Retail Sales – July

Canada Weekly Highlight

Friday Aug 14:
Manufactuing Sales – June
Wholesale Sales – June

Rest of the world Weekly Highlight

Thursday Aug 13:
UK – GDP – Q2
 

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