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Market News and Research

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Pound calms after losses
Tue, 10 Jan 2017 07:41:04 GMT
 
The Sterling slightly recovered (+0.1%), following its sudden losses that stemmed from comments made by Theresa May on the EU membership. >>
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Alibaba offers to take Intime Retail private for $2.6B
Tue, 10 Jan 2017 06:42:48 GMT
 
Chinese e-commerce company Alibaba Group has led a bid to take mall operator Intime Retail private in a $2.6B cash transaction. >>
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Pirates to kill 8 fishermen in Philippines
Tue, 10 Jan 2017 06:42:35 GMT
 
Eight fishing boat's crewmen were killed by pirates in waters off the southern Philippines. Two crew members survived the attack while 5 were still missing. >>
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Gildan to win auction for bankrupt American Apparel with $88M bid
Tue, 10 Jan 2017 05:55:23 GMT
 
Canadian clothing maker Gildan Activewear has won auction for bankrupt American Apparel offering to around $88M. >>
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Japan's Takeda to acquire US drug maker Ariad in $5.2B cash deal
Tue, 10 Jan 2017 05:55:11 GMT
 
Japanese drug maker Takeda Pharma has offered to buy US cancer drug developer Ariad Pharma in a $5.2B deal. Under the deal, Takeda will pay $24 in cash for each >>
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Venezuela's import drops in 2016
Mon, 09 Jan 2017 21:17:48 GMT
 
Venezuela's import inched lower in 2016 to almost $18B, dipping by more than a half since the last year, said President Maduro.  >>
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Trump to appoint Kushner as senior adviser
Mon, 09 Jan 2017 21:17:33 GMT
 
Jared Kushner, the US President-elect's son-in-law, will be appointed as the senior adviser by Trump, reported NBC.  >>
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Oil prices drop amid supply concern
Mon, 09 Jan 2017 20:01:28 GMT
 
The Brent crude prices dipped by 2.87% or $1.66 a barrel on Monday, while the US crude futures inched 2.96% lower. >>
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Mexico inflation reaches two-year high
Mon, 09 Jan 2017 20:01:19 GMT
 
The annual Mexico inflation inched 3.36% higher in December, reaching the two-year high, said INEGI statistics agency.  >>
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Northern Ireland's Deputy PM resigns on Monday
Mon, 09 Jan 2017 19:03:33 GMT
 
Martin McGuinness, the Northern Ireland's Deputy Prime Minister, unexpectedly resigned from his post on Monday ahead of Britain's divorce with the EU. >>
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Toyota to put $10B in US during next five years
Mon, 09 Jan 2017 19:03:22 GMT
 
On Monday, the CEO of Toyota Motor North America Jim Lentz said that the carmaker would invest $10B in the US during the upcoming five years. >>
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Boston Fed Chair wants faster rate hikes pace
Mon, 09 Jan 2017 18:36:18 GMT
 
The President of the Boston Fed Eric Rosengren urged Janet Yellen to proceed with a faster interest rate hikes pace on the back of concerns over inflation. >>
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UK PM says hard Brexit is not only option
Mon, 09 Jan 2017 18:36:07 GMT
 
In an attempt to clear up her last comments on Brexit, which sent the Pound down 1.2% against the Euro, the UK First Minister said that the hard Brexit option >>
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Audi presents its new SUV
Mon, 09 Jan 2017 17:28:26 GMT
 
At the North American International Detroit Auto Show, the German automaker introduced its brand new luxury hybrid Q8 concept they will launch in 2018. >>
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Merkel urges UK to adhere to EU regulations
Mon, 09 Jan 2017 17:28:16 GMT
 
In her first 2017 speech, the German Chancellor insisted on the UK sticking to the EU directives on free movement if the country wants to access the single market. >>
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