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Philippine peso drops past 51 barrier for first time since 2020

  Bloomberg The Philippine peso dropped beyond 51 per dollar for the first time since April 2020 amid speculation the nation’s trade deficit will widen as domestic demand improves. The peso falls as much as 0.5% to 51.27, the weakest level since March 2020. The currency is the worst performer in emerging Asia over the past month with a loss ...

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Nordea analysts behind ‘lockdownistas’ note to leave bank

  Bloomberg Two senior analysts at Nordea Bank Abp who wrote a controversial research report criticising coronavirus measures including national lockdowns are to leave the bank. An offer had been made to Chief Analyst Martin Enlund and Global Chief Strategist Andreas Steno Larsen to continue at Nordea Markets, “but they have decided to leave,” the bank said in a statement. ...

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Apple’s market cap tops $3tn after relentless rally

  Bloomberg Apple Inc’s stock-market value briefly rises above $3 trillion, shattering yet another record and underscoring how the pandemic has turbocharged Big Tech’s decades-long rise. The company was the first to achieve this milestone, although it failed to hold above the level through the end of the trading day. It closed 2.5% higher at $182.01 and with a market ...

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