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Hong Kong spends $2 billion to defend currency peg
Aug 16, 2018
HONG KONG — Hong Kong's de facto central bank on Thursday said it had bought up more than $2 billion worth of local currency to maintain a long-held peg to the US dollar.The intervention — which began on Wednesday and was the latest in a series of moves to support the currency this year — comes as the US dollar rockets on the back of turmoil in eme ...
Turkey doubles tariffs on some US imports; Turkish lira rallies
Aug 15, 2018
ISTANBUL — Turkey doubled tariffs on some US imports including cars, alcohol and toba ...
Hardcore hedge fund bulls say Iran sanctions may see oil at $150
Aug 14, 2018
LONDON — Clouds are gathering over the outlook for the oil market, as trade tensions ...
Division, confusion in the Chinese street over how China should respond to trade war
Aug 13, 2018
BEIJING/SHANGHAI — Chinese officials have been mostly measured and moderate in their response to US President Donald Trump's ratcheting up o ...
China’s CNPC takes over Total’s share in Iran gas project
Aug 13, 2018
DUBAI — China's state-owned energy major CNPC has taken over the share in Iran's multi-billion dollar South Pars gas project held by France' ...
Kenya arrests two top officials for suspected corruption over new $3 billion railway
Aug 11, 2018
NAIROBI — Kenyan authorities have arrested the head of the agency that manages public land and the boss of the state railway on suspicion of ...
Russian market pares losses under threat of new sanctions
Aug 09, 2018
MOSCOW — Russian authorities played down the importance of new US sanctions, saying they have tools to maintain financial stability, after a ...
Samsung to invest billions in new tech to drive fresh growth
Aug 08, 2018
SEOUL — South Korea's Samsung Group on Wednesday said it would invest $22 billion over the next three years in cutting-edge technology inclu ...
Indian ride-hailing firm Ola to take on Uber in Britain
Aug 07, 2018
MUMBAI — Indian ride-hailing company Ola announced on Tuesday that it is to launch services in Britain, expanding its foray abroad and inten ...
HSBC pre-tax profit up 4.58% at $10.7b in first half
Aug 06, 2018
HONG KONG — Banking giant HSBC said on Monday that pre-tax profit rose 4.58 per cent to $10.7 billion in the first six months of the year an ...
Battery of complaints against Tesla in Norway
Aug 05, 2018
OSLO — "I've had the car for eight months and it ran fine for four days," says Yngve Solberg, who like many Norwegians is fed up with the sl ...
Toyota posts record Q1 net profit, maintains full-year forecast
Aug 04, 2018
TOKYO — Japanese car giant Toyota on Friday posted a record first-quarter net profit, but warned that threatened US sanctions on the auto se ...
Tesla says on track for profit despite bigger 2Q loss
Aug 02, 2018
SAN FRANCISCO — Tesla shares revved on Wednesday on news the electric car maker is on the road to being profitable this year despite losing ...

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