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China economy, Australia politics, currencies in focus

Australian stocks fell in Monday morning trade amid fresh uncertainties in the country’s political outlook. The benchmark ASX 200 fell 0.81 percent as most sectors traded lower. The heavily weighted financials subindex slid 0.76 percent while energy and materials sectors declined 0.55 percent and 0.92 percent, respectively. The Australian dollar …

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China GDP, US-China trade war, currencies in focus

Amid concerns over the ongoing trade war between Washington and Beijing, China is set to release its GDP figures for the third quarter of 2018 as well as industrial production numbers for the month of September later at 10 a.m. HK/SIN (10 p.m. ET Thursday). “The combination of slower global …

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KFC rival Jollibee expands into the UK market

Filipino fast-food chain Jollibee is set to open its first U.K. store this month in London’s Earl’s Court. Jollibee Foods Corporation (JFC), which has a market capitalization of around $5 billion and almost 1,300 locations worldwide, is the largest fast-food chain in the Philippines, operating a domestic network of over …

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Iran may benefit from Jamal Khashoggi case 

Earlier this year, Saudi Arabia, the world’s largest oil producer, promised Trump that it would hike oil supplies to help offset supply losses from Tehran and stabilize prices. But if the U.S. punishes Riyadh, that could push the kingdom to withhold oil supplies and allow prices to spike — a …

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

Australian stocks slipped on Monday morning as investors remain cautious, following global losses in the previous week. The benchmark ASX 200 fell 0.93 percent in early trade as most sectors traded down. The heavily weighted financial subindex fell 1.22 percent as major banking shares saw losses — Commonwealth Bank was …

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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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Turkey has proof showing Saudi journalist Khashoggi was killed

Murad Sezer | Reuters Human rights activists and friends of Saudi journalist Jamal Khashoggi hold his pictures during a protest outside the Saudi Consulate in Istanbul, Turkey October 8, 2018.  Turkey has informed the United States that it possesses audio and video evidence showing that missing Saudi journalist Jamal Khashoggi …

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