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Amlak boosts Dubai, Qatar pulls back from near pre-crisis level

Sun, 23 Jul 2017 22:12:47 +08:00

DUBAI: Islamic finance firm Amlak helped to boost Dubai's stock market on Sunday while Qatar pulled back after events at the weekend failed to point to progress in resolving the diplomatic crisis between Doha and neighbouring states.

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Britain needs transitional deal with EU, to end before next election

Sun, 23 Jul 2017 22:09:36 +08:00

LONDON: British trade minister Liam Fox said on Sunday that he backed a transition agreement to smooth Britain's departure from the European Union, but it would have to come to an end before the next election due in 2022.

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China Unicom says talks with strategic investors ongoing

Sun, 23 Jul 2017 22:02:14 +08:00

BEIJING: Telecommunications operator China United Network Communications said on Sunday it is still in talks with potential strategic investors and has not yet signed any binding agreements. China United Network Communications said on Sunday it is still in talks with potential strategic investors.

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After false dawn, Big Oil to double down on cost cuts

Sun, 23 Jul 2017 16:30:44 +08:00

LONDON: After a brief respite at the start of the year, the world's top oil and gas companies are set to double down on cost cutting as a recovery in crude prices after a three-year slump falters.

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Mystery bond trader nets $10m on US Treasury strangle gamble

Sun, 23 Jul 2017 16:23:31 +08:00

NEW YORK: The unknown bond trader who placed a potentially record wager in the Treasury options market may have just netted a $10 million profit.A woman walks past a statue of Albert Gallatin, the 4th Secretary of the U.S. Treasury, while entering the Treasury building in Washington, D.C. Photographer: Brendan Smialowski/Bloomberg

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No winners in Gulf feud as Saudi, Qatari assets converge on oil

Sun, 23 Jul 2017 16:12:46 +08:00

INVESTORS aren’t taking sides in the biggest political crisis in the Gulf in decades because their focus has already returned to oil.The price of crude is languishing under $50 a barrel, far below the level many Gulf producers need to balance their budget

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Global pizza brands battle for Russia's far-flung regions

Sun, 23 Jul 2017 16:06:34 +08:00

MOSCOW: Global pizza brands Domino's and Papa John's are preparing an assault on Russia's provinces, betting they can turn a profit far from Moscow as online card payments become more widespread and consumers get to know foreign brands better.

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India's Delhi government tells Philip Morris to remove all ads

Sun, 23 Jul 2017 16:03:08 +08:00

NEW DELHI: The state government in India's capital told Philip Morris International Inc and other tobacco companies on Saturday to remove all advertisements from tobacco shops in the city, warning them of legal action if they do not comply.

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Bitcoin averts split as miners back new software upgrade

Sat, 22 Jul 2017 23:25:18 +08:00

NEW YORK: Digital currency bitcoin has averted a split into two currencies after its network supported an upgrade to its software that would enhance its ability to process an increasing number of transactions.

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Australian man dies in faulty air bag crash

Sat, 22 Jul 2017 23:20:22 +08:00

SYDNEY: An Australian man who died in a Sydney car crash may be the 18th death linked to faulty Takata air bags, after police said he was killed when hit in the neck by shrapnel from an air bag.Takata Corp filed for bankruptcy last month after being forced to recall around 100 million air bags worldwide.

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