Oil steady as sluggish China growth offsets trade deal optimism

© Reuters. FILE PHOTO: A maze of crude oil pipes and valves at the Strategic Petroleum Reserve in Freeport, Texas By Roslan Khasawneh and Aaron Sheldrick SINGAPORE/TOKYO (Reuters) – Oil prices were steady on Friday as reports of sluggish economic growth in China, the world’s biggest crude importer, raised concerns about fuel demand which countered […]

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Pound Falls After Weak U.K. Retail Boosts Prospect of Rate Cut

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. The slipped after U.K. data unexpectedly fell in December, increasing the chances that the Bank of England may cut a key interest rate this month. Sterling dropped 0.2% to $ 1.3049 and declined against all its […]

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Frustrated Lebanese depositors turn rage on crisis-hit banks

Frustrated Lebanese depositors turn rage on crisis-hit banks By Eric Knecht BEIRUT (Reuters) – As cash runs short at Lebanon’s banks, so has the patience of depositors. Hit by restrictions on withdrawals, some are taking extreme steps, occupying branches and in one case taking an employee hostage, to squeeze what they can from their accounts. […]

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Oil Climbs the Most in Two Weeks as Trade Deals Boost Optimism

© Reuters. Oil Climbs the Most in Two Weeks as Trade Deals Boost Optimism (Bloomberg) — Oil posted its largest gain in almost two weeks, swept along in a broader equities rally as the preliminary U.S.-China trade truce and an accord between America, Canada and Mexico fueled optimism about economic growth. Futures settled 1.2% higher […]

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Gap pulls plug on Old Navy spinoff to focus on turning around sales

© Reuters. FILE PHOTO: Logo of GAP clothing retailer is seen at company’s store at Tbilisi Mall in Tbilisi By Uday Sampath Kumar (Reuters) – Gap Inc (N:) on Thursday scrapped its plan to spin-off Old Navy and said it would instead work to stem dropping sales, while fewer discounts during the holiday season helped […]

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Major indices close at record levels and near intraday highs

NASDAQ index rises 1.06% as buying continues The major US indices are closing at record levels and near session highs as well. The final numbers are showing: the S&P index up 27.61 points or 0.84% at 3316.89. The high reached 3317.11. The low extended to 3302.82 the NASDAQ index rose 98.438 points or 1.06% at 9357.13. The high was at 9357.92. […]

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