Archive for the January 6, 2017
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Ukraine's prime minister said Thursday the local currency would be worth nearly a third more if it stopped relying on Russian natural gas and become energy-sufficient. Volodymyr Groysman said the dollar would now cost 18.5
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Growth in China's services sector accelerated to a 17-month high in December, a private survey showed, adding to views that the world's second-largest is entering the new year with stronger momentum. The strong pick-up mirrored
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Chinese electronics company TCL Corporation was at CES on Wednesday with a plan to revive BlackBerry handsets knocked from the mobile phone throne by Apple and Google. TCL is putting its market clout behind the
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US services sector activity held at a one-year high in December as new orders surged, while the number of Americans filing for unemployment benefits fell to near a 43-year-low last week, suggesting the economy ended
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Egypt's stock market closed the week at a record high on Thursday as foreign funds continued to buy, while Gulf markets inched up on the back of firmer crude oil and global bourses. Cairo's index
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Australian shares closed higher in thin trade on Thursday mirroring gains on Wall Street, pushed up by financials and basic materials stocks gaining on higher base metal prices. The S&P/ASX 200 index ended 0.3 percent,
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A rise in technology stocks helped the Nasdaq eke out small gains on Thursday but was not enough to pull the S&P 500 and the Dow into the black as banks stocks weighed. The ADP
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US shares ended higher on Wednesday even after minutes from the Federal Reserve's December meeting showed concerns that quicker economic growth under President-elect Donald Trump could require faster interest rate increases to ward off inflation.
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Hong Kong stocks, joining an Asia-wide rally, had their biggest gain in eight weeks on Thursday, a day on which the offshore yuan's surge against the dollar stole the spotlight. Resource shares helped lift the
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US Treasury debt yields slid in choppy trading on Wednesday after minutes of the last Federal Reserve meeting struck a more uncertain tone than the market expected, especially with respect to the new administration's fiscal
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