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Oil prices edges lower; China stimulus, Trump repercussions in focusvictory
Oil prices slipped Thursday, continuing the previous session's weakness on the
back of a strong dollar and lower crude imports in China.
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Dollar stabilizes after gains; sterling boosted by retail sales
The U.S. dollar slipped lower Friday, handing back some of the previous
session’s gains on the back of strong retail sales, but remained on track for
its third weekly gain in a row.
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Safe haven demand to help drive gold higher in next 6-12 months, UBS says
The price of gold is seen driving higher over the next 6 to 12 months thanks to
declining interest rates and "strong" central bank purchases of the yellow
metal, according to analysts at UBS.
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Japan stocks higher at close of trade; Nikkei 225 up 0.11%
Japan stocks were higher after the close on Friday, as gains in the Power,
Banking and Rubber sectors led shares higher.
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Asia FX muted as dollar steadies at over 2-mth peaks on strong data
Most Asian currencies kept to a tight range on Friday as the dollar steadied at
more than two-month highs as strong economic data furthered expectations of
smaller interest rate cuts.
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Amazon AWS CEO: Quit if you don't want to return to office
One of Amazon (NASDAQ:AMZN)'s top executives defended the new, controversial
5-day-per-week in-office policy on Thursday, saying those who do not support it
can leave for another company. Speaking at an all-hands meeting for AWS, unit
CEO Matt Garman said nine out of 10 workers he has spoken
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Tesla yet to receive China approval for full self driving- China Daily
Tesla Inc (NASDAQ:TSLA) is yet to receive approval from the Chinese government
to launch its full self-driving functions in the country, the China Daily
reported on Friday, with the company reportedly seeking permission to gather
more data.
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