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Wall Street, Saudi Arabia, currencies in focus

Meanwhile, the controversy surrounding missing Saudi Arabian journalist Jamal Khashoggi remained in focus, with markets concerned about the possible impact it could have on oil prices. In overnight trade stateside, the global benchmark Brent crude futures contract rose 35 cents to settle at $80.78 per barrel, while the U.S. West …

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SoftBank shares fall on concerns of ties to Saudi money

Alessandro Di Ciommo | NurPhoto | Getty Images Corp. Chief Executive Officer Masayoshi Son speaks during a joint announcement with Toyota Motor Corp. to make new venture to develop mobility services in Tokyo, Japan, 04 October 2018. Global concerns about a missing Saudi journalist are dragging down one of Japan’s …

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Wall Street, US-China trade war, currencies in focus

Stocks in Asia slipped on Monday morning as investors remain cautious, following global losses in the previous week. In Japan, the Nikkei 225 fell by 1.24 percent in early trade, while the Topix index slipped by around 1 percent, with most sectors trending lower. Softbank also saw its stock dropping …

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PBOC still has plenty of tools, Yi Gang says

The People’s Bank of China has on four occasions this year cut the amount of reserves that banks must hold, unlocking more cash into the economy so that businesses and households could borrow more money to spend. Many investors and economists — such as UBS and Nomura — have interpreted …

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PBOC still has plenty of tools, Yi Gang says

The People’s Bank of China has on four occasions this year cut the amount of reserves that banks must hold, unlocking more cash into the economy so that businesses and households could borrow more money to spend. Many investors and economists — such as UBS and Nomura — have interpreted …

Read More »
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