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July 28, 2021 (last updated at 8.25 am)
- Asian stocks look set to dip after Wall Street stocks tumbled with tech shares selling off ahead of major earnings reports.
- Google, Apple and Microsoft report record-breaking profits.
- Fireblocks, a platform that allows banks and other financial institutions to store, move and issue cryptocurrencies, raises US$310 million led by Sequoia Capital, boosting its valuation to US$2 billion.
- Widening gaps in the global recovery, IMF maintains its 6% global growth forecast for 2021 for the rich nations but dim outlook for developing countries.
- US consumer spending at 17-month high, business spending on equipment high.
- China stocks see their biggest two-day fall in US since the 2008 financial crisis.
- Fashion-luxury group LVHM sales surge as shoppers splash out on handbags edge shares higher.
- Apple says global chip shortage affect iPhone production and forecasts slowing revenue growth, sending its shares lower.
- PsiQuantum raises US$450 million led by BlackRock, Microsoft, Temasek, to build the world’s first commercially viable quantum computer.
- Binance, one of the world’s biggest cryptocurrency exchanges, wants to be licensed everywhere, seeks to improve standing with critical authorities.
- Just Eat Takeaway, one of Europe’s biggest food delivery companies, with a market value of $17.8 billion, is down over 20% in 2021.
- New Nokia smartphone is a ‘military grade’ model with 5G that can take a beating.