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Asia shares, oil prices rally as China speculation swirls

https://tmsnrt.rs/2zpUAr4 China property shares rally on policy support Euro eyeing 5-mth high, dollar near 3-mth low on yen Oil prices rebound on China hopes, talk of output cuts SYDNEY, Nov 29 (Reuters) – Asian shares rallied on Tuesday as Beijing’s latest move to support developers boosted the property sector and rumors swirled that recent public …

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Asia shares gains despite Chinese COVID case numbers rising

SYDNEY, Nov 23 (Reuters) – Asian share markets were mostly in positive territory on Wednesday despite rising COVID-19 cases in mainland China leaving investors uncertain over how much the fresh outbreaks could slow the reopening of the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up 0.3%, after US stocks …

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Global stocks edge up on hopes recession warning forces Fed’s hand

US yield curve most inverted since 1981 MSCI world stocks up 0.2%, eye weekly loss NEW YORK/LONDON, Nov 18 (Reuters) – Global equities edged up and a key part of the Treasury yield curve inverted further on Friday, a sign the US economy will stall next year and that investors hope will lead the Federal …

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Asia shares pause as Fed warns against exuberance

https://tmsnrt.rs/2zpUAr4 Fed’s Waller plays down CPI as just one number Beijing lays out property support, COVID steps Biden to meet Xi at G20 meeting SYDNEY, Nov 14 (Reuters) – Asian share markets were taking a breather on Monday after last week’s sweeping rally as a top US central banker warned investors against getting carried away …

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Australian telecom firms fined $22.1 mln for false internet speed claims

Nov 11 (Reuters) – Three Australian telecom companies have been ordered by a court to pay a collective A$33.5 million ($22.08 million) in penalties for making misleading claims about speed of some NBN internet plans, the country’s competition regulator said on Friday. The Australian Federal Court has ordered Telstra (TLS.AX) to pay A$15 million, a …

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FTX’s Bankman-Fried scrambles for funds after Binance deal collapse

HONG KONG/SINGAPORE/NEW YORK, Nov 10 (Reuters) – FTX Chief Executive Sam Bankman-Fried on Thursday launched an urgent push to raise funds to save his firm as the crypto exchange looks to plug a reported $8 billion hole in its finances, according to tweets and a memo to employees. Bankman-Fried said he was in talks with …

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Exclusive: Behind FTX’s fall, battling billionaires and a failed bid to save crypto

Nov 10 (Reuters) – (This story contains language some readers may find offensive in paragraph 2) On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off-guard with a somber message. “I’m sorry,” he told them. The reason for the mea culpa: His announcement half an hour earlier that FTX’s arch-rival, Binance, …

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