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Saturday, November 25, 2017

Traders cautious after being unnerved by China sell-off

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Asian markets mostly rose but investors moved warily on Friday after a sharp sell-off in Shanghai the previous day fuelled concerns of fresh turmoil in Chinese markets.China's benchmark composite
Traders cautious after being unnerved by China sell-off

US online shopping surges on Thanksgiving evening

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US shoppers had splurged more than $1.52 billion online by Thanksgiving evening, and more bargain hunters turned up at stores this year after two weak holiday seasons as retailers
US online shopping surges on Thanksgiving evening

German business morale soars to record high

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German business confidence has soared to a fresh record high in November, a closely-watched survey found Friday, as companies shrugged off political uncertainty in Europe's booming top economy.The Ifo
German business morale soars to record high

South Korea's consumer confidence hits 7-yr high

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Confidence among South Korean consumers over economic conditions hit the highest in almost seven years amid eased geopolitical risks on the Korean Peninsula, central bank data showed Friday. The

Malaysia's Oct inflation up 3.7 percent

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Malaysia's inflation rate rose 3.7 percent in October, driven by food and transport costs, said Malaysian Statistics Department Friday. The annual inflation rate, which is measured by consumer price

China cuts import tariffs on consumer goods

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China is cutting import tariffs on a range of consumer goods amid pressure from the United States, Europe and other governments for better access to its growing domestic market.The

RBI relaxes 26% debt-equity conversion cap for ARCs

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In a major boost to the asset reconstruction companies (ARCs) the Reserve Bank Thursday relaxed norms capping their shareholdings at 26 per cent in the borrower firm under reconstruction,

Scandal-hit Mitsubishi sees shares plunge

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Shares in Mitsubishi Materials plunged more than eight percent on Friday after it admitted to falsifying product data, the latest major Japanese firm to acknowledge problems with quality control.Stock

Dollar struggles in Asia on Fed rate hike uncertainty

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The dollar struggled Thursday in Asia following the previous day's losses as dovish Federal Reserve minutes rowed back expectations for US interest rate hikes. While board members at
Dollar struggles in Asia on Fed rate hike uncertainty

Singapore growth beats forecasts

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Singapore's economy beat expectations to grow at its fastest pace in nearly four years during the third quarter, data showed Thursday, boosted by a surge in global demand
Singapore growth  beats forecasts

China diesel in rare rally on smog war

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A rally in China's diesel prices has pushed the fuel to a rare premium over gasoline as dealers scramble to scoop up supplies amid fears of shortages due to
China diesel in rare rally on smog war

Eurozone economy rises sharply

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Business rose sharply across the eurozone in November, a key survey showed Thursday, as job creation hit the fastest pace in 17 years and the economic recovery in
Eurozone economy rises sharply

Teva Pharmaceutical set for major layoffs in Israel, US

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Teva Pharmaceutical Industries is expected to cut 20-25 percent of its 6,860 workers in Israel and a few thousand more in the United States, financial news website Calcalist

French business hit at near 10-year high

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French business confidence hit a near 10-year-high in November, French statistics agency INSEE said on Thursday, providing a boost for President Emmanuel Macron.  The confidence indicator, based

Thyssenkrupp posts huge loss

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German industrial giant Thyssenkrupp on Thursday posted an annual loss of 649 million euros ($768 million) for the year ending September, due mainly to a one-off charge related

Amazon starts Australian trial after months of hype

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Amazon.com Inc's Australian arm began an order-taking trial on Thursday, giving life to the hype which has preceded its arrival in the world's No. 12 economy and weighed

UK economy picks up before slowdown

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Britain's economy picked up speed in the third quarter, official data confirmed Thursday, ahead of years of weaker-than-expected growth on poor productivity and gathering clouds over Brexit.

Global rally extends in Asia

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Hong Kong stocks ended above the 30,000 mark for the first time in 10 years on Wednesday as Asian markets extended a global rally following another record close on
Global rally extends in Asia

US slaps new sanctions on N Korea, China companies

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The Trump administration imposed new sanctions Tuesday on a slew of North Korean shipping firms and Chinese trading companies in its latest push to isolate the rogue nation over
US slaps new sanctions on  N Korea, China companies

European equities open flat before UK budget

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European stock markets fell at the start of trading on Wednesday, with London flatlining as traders awaited the British government's annual budget. The British capital's benchmark FTSE 100 index
European equities open flat before UK budget

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