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Most Asian markets rise with China, US optimistic on trade

WT24 Desk HONG KONG – Asian markets were mostly up in holiday-thinned trade on Friday as investors took support from hopes that China and the United States will hammer out a trade deal after both sides sounded notes of optimism, AFP reports. With top negotiators from the world’s top two economies huddled down inWashington for three days of talks, there ...

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Asia markets rally tempered by profit-taking, eyes on trade talks

WT24 Desk HONG KONG – Asian markets were mixed Thursday as growing expectations that China and the United States will reach a tradeagreement were offset by profit-taking after an extended rally, AFP reports. Hopes Britain will avert crashing out of the EU next week also instilledsome optimism on trading floors, with the pound extending gains. High-level talks between the world’s ...

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US auto sales sag in the 1st quarter

WT24 Desk NEW YORK – Major automakers reported a drop in first-quarter US auto sales on Tuesday but expressed confidence in the market despite downcast 2019 predictions from some industry watchers, AFP reports. General Motors, the biggest US automaker, sold 665,840 vehicles in thefirst three months of the year, down seven percent from the 2018 period. GM reported declines in ...

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Asia markets extend winning run on fresh China-US trade hopes

WT24 Desk HONG KONG – Asian markets enjoyed another rally Wednesday as a report said China and the US were closing in on a deal to end their long-running trade row, AFP reports. The pound held gains after British Prime Minister Theresa May said she would look for another Brexit delay and softened her position on the issue to avert ...

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The biggest Saudi oil field is fading faster than anyone guessed

Ghawar in Saudi Arabia, the world’s largest conventional oil field, can produce a lot less than almost anyone believed. WT24 Desk It was a state secret and the source of a kingdom’s riches. It was so important that US military planners once debated how to seize it by force. For oil traders, it was a source of endless speculation, Bloomberg ...

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Asian markets extend gains after strong data, pound holds ground

WT24 Desk HONG KONG – Asian investors pressed on with their buying spree Tuesday as they took up the baton from a strong Wall Street rally, cheered by healthy economic data, optimism over China-US trade talks and the prospect of no hike in borrowing costs, AFP reports. A forecast-beating factory report out of Beijing — which spurred buyingacross the region ...

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Asian markets extend rally as China data lifts optimism

WT24 Desk Asian markets rallied Monday, building on last week’s healthy gains with investors buoyed by optimism over China-US trade talks and forecast-busting Chinese factory data, AFP reports. Top negotiators from China and the US flagged progress in last week’sdiscussions in Beijing on the tariffs row, with another round slated for thisweek in Washington. While there have been few details, ...

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Price fall drives stocks down

WT24 Desk Stocks closed on Sunday of the week with downward trend due mainly to price fall in large-cap securities despite higher transactions, Agencies report. The falling major sectors were engineering, food and allied and IT. A total of 152 securities of the large-cap group moved down due to lower activities. The broader DSEX index of Dhaka Stock Exchange (DSE) ...

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Global stocks rally on trade deal optimism as pound falls again

WT24 Desk NEW YORK – Global stocks rallied Friday on optimism over US-China trade talks, while the pound fell further as Britain veered closer to a potential “no deal” Brexit, AFP reports. Bourses rose in the US and in major European and Asian centers, concluding the first quarter with a flourish. Friday’s session was bolstered by upbeat comments from Trump ...

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Asian markets rally as blockbuster quarter draws to close

WT24 Desk HONG KONG – Asian markets rose Friday, putting them on course to end the week on a positive note with investors looking past a downgrade of US growth to focus on the next round of top-level China-US trade talks, AFP reports. While the past five days have been dogged by fears over the outlook for the global economy, ...

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