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Singapore’s central bank tightens monetary policy

Rustam Azmi | Getty Images A General View of Marina Bay Sand at Sunrise on September 20, 2016 in Singapore. Singapore’s central bank tightened monetary policy for the first time in six years on Friday, saying the city-state’s economy should remain on a steady expansion path in 2018, even as …

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Trade, geopolitics, stocks and currencies in focus

The gains also came as earnings season kicked off stateside, with Citigroup and J.P. Morgan Chase among the major banking names reporting on Friday U.S. hours. S&P 500 earnings are forecast to have grown 17.1 percent in the first quarter, according to FactSet. “Market sentiment remains at the mercy of …

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New Zealand set to ban oil and gas drilling

The New Zealand government announced it will not grant any new deep-sea oil and gas exploration permits in an effort to combat the effects of climate change. The decision doesn’t affect 22 active offshore licenses with the last one set to finish in 2030. Those existing permits could then transition …

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Ford to roll out new Lincoln models in China

Ford Motor’s premium Lincoln brand plans to build as many as five new vehicles in China by 2022, according to two U.S. sources, in a move to expand sales in the world’s largest vehicle market that would also blunt the impact of trade U.S-China trade spats. Ford has said it …

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Geopolitics, Syria, stocks and oil in focus

Investors stateside also digested the release of minutes from the Federal Open Market Committee’s March meeting, which reflected that “all” policymakers expected the U.S. economy to continue growing and for inflation to rise. Those views strengthened the belief that more interest rate hikes lay ahead. Gold prices, which rose on …

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Japanese e-commerce giant Rakuten aims for an ‘ecosystem’

As for Rakuten’s ambitions in Japan’s crowded telecommunications space, Mikitani said lower capital costs from new technologies and his company’s proven track record in other businesses make him optimistic. At present, Rakuten sees about $120 billion in global transactions, and Mikitani said the goal is not just to have a …

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Australian consumer sentiment fell in April

A measure of Australian consumer sentiment eased slightly in April as worries about the future for family finances just managed to offset optimism about the economic outlook. A Melbourne Institute and Westpac Bank survey of 1,200 people published on Wednesday showed its index of consumer sentiment dipped 0.6 percent in …

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China files trade complaint against US over steel tariffs

China has filed a World Trade Organization complaint challenging U.S. President Donald Trump’s tariff hike on imported steel and aluminum, the trade body said Tuesday. The tariff spat is one element of a wide-ranging trade dispute between Trump and Chinese President Xi Jinping’s government. Trump also has threatened to increase …

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