Category Archives: Business

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All 3 major US stock indexes end at records again

Wall Street stocks powered higher Friday with the Dow surging further above 25,000 points as bullish investors shrugged off a disappointing US jobs report.

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Saudi boosts citizen benefits as taxes bite

Saudi Arabia announced Saturday it had boosted stipends and benefits for citizens to cushion the impact of economic reforms including the kingdom’s first ever taxes after an oil price slump.

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Asian stocks gain as Dow breaks record, Koreas agree to talk

Asian stock markets rose Friday after the Dow Jones industrial average finished above 25,000 for the first time. An agreement by North and South Korea to hold talks also lifted sentiment. Investors were looking ahead to a U.S. jobs reports

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Hong Kong stocks rise

Hong Kong shares went into the weekend with another rise, marking a ninth straight gain following more records on Wall Street and as energy firms benefited from a rally in oil prices.

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Dow 25,000: Index keeps rolling with another milestone

The Dow Jones industrial average burst through the 25,000 point mark Thursday, just five weeks after its first close above 24,000.

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Chinese manufacturing growth slows slightly in December

Manufacturing in China grew at a slightly slower pace in December than the previous month, a Chinese government survey showed Sunday, following government controls on bank lending.

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Can US stocks in 2018 repeat the huge gains of 2017?

After a banner year for US stocks, that saw the Dow hitting repeated records, Wall Street strategists predicted 2018 would see more moderate gains and increased volatility as markets retreated in the final session of 2017 on Friday.

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Dollar heads into 2018 on a weaker note, Asia stocks mixed

The dollar suffered fresh pressure on Friday as traders cash in the recent gains fuelled by Donald Trump’s tax cuts, while Asian equities were on course to end a strong year in tepid fashion.

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Tokyo stocks close lower on profit-taking

Tokyo stocks fell Tuesday on late profit-taking, with investors keeping to the sidelines as major global markets remained closed for the Christmas holidays.

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Israel to halt trade in cryptocurrency-based firms

The Israel Securities Authority said it is moving to ban trading in cryptocurrency-based companies on the Tel Aviv market until transactions involving digital coins are legally regulated.