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Saudi Aramco starts trading, gaining 10% and reaching $1.8T...

"Aramco's market launch saw the Saudi oil behemoth's value soar to $1.88 trillion, far ahead of other firms in the trillion-dollar club, including Apple and Microsoft" Saudi Arabia’s oil company Aramco began trading for the first time on Wedne...

Wall Street Week Ahead: Tariff deadline keeps focus on trade as 2019 draws to close

While the dispute between the world’s two largest economies commands the spotlight, other trade issues also have drawn investor attention. They include a recent delay in ratification of the North American Trade pact, potential U.S. tariffs on i...

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France, US near trade war in digital tax row

''The United States says a French digitax services tax unfairly targets American tech companies such as Google, Apple, Facebook and Amazon" France warned the United States on Tuesday of strong EU retaliation if it imposed tariffs on French products ...

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OPEC and allies may deepen oil cuts to 1.6 million bpd : sources

OPEC and allied oil producers will consider deepening their existing oil output cuts by about 400,000 barrels per day (bpd) to 1.6 million bpd, Thamer Ghadhban(Oil The minister of iraq) told reporters in Baghdad that the Organization of the Petroleu...

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Japan beer exports to S.Korea dry up amid hiccup in ties

“The South Korean boycott campaign has seen Japanese beer exports to the country wiped out, while shipments of instant noodles and sake have also taken a hit” Not a single drop of Japanese beer was exported to South Korea last month, acc...

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China raises $6 billion in its biggest ever international bond sale

China raised $6 billion in its biggest ever international sovereign bond sale on Tuesday, as it pounced on the year’s sharp dive in borrowing costs. The finance ministry sold the bonds in four tranches. A 3-year issue priced 35 basis points ab...

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Alibaba shares surge more than 6% on Hong Kong debut

“Alibaba described its decision to list in Hong Kong as a vote of confidence in the embattled city's markets” Shares in Chinese online retail giant Alibaba soared more than six percent on their Hong Kong debut Tuesday, after raising at l...

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"Resilient" Germany heading for fourth-quarter growth as business morale rises

German business morale rose in November and Europe’s largest economy is on track to grow by 0.2% in the fourth quarter as its domestic strength more than offsets a manufacturing recession, the Ifo economic institute said on Monday. Munich-base...

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HP rejects Xerox takeover offer again

‘‘No means no: HP again rejects a takeover offer from Xerox’’ Computer and printer maker HP on Sunday reiterated its rejection of Xerox's $33 billion takeover bid, saying the sum "significantly undervalues" the company. A ti...

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LVMH puts ring on jeweller Tiffany in $16.2 bn union

“Tiffany is most famous for its fine diamonds and luxury wedding and engagement rings” LVMH and US jewellers Tiffany announced Monday a $16.2 billion tie-up that is the French luxury group's biggest-ever acquisition and will bolster its ...

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Italy to restart talks with ArcelorMittal over ailing Ilva steel plant

Steelmaker ArcelorMittal has agreed to immediately restart talks with the Italian government over the future of the Ilva plant, Prime Minister Giuseppe Conte said after a four-hour meeting with the company. Rome and ArcelorMittal are on the brink of...

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