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HSBC expects gold’s ‘bull wave’ to hit US$5,000 an ounce in 2026
The bank has cited geopolitical risks, economic policy uncertainty and rising public debt as factors supporting the price [BENGALURU] HSBC on Friday (Oct 17) forecast that gold’s bull rally would…
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Fatal Bear Attacks Hit New Record In Japan
Bears have killed a record seven people in Japan this year, the highest since 2006 when the survey started, an environment ministry official said Thursday. More and more wild bears…
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Thai banks face lending income hit as weak economy persists
Margins will be pinched as interest-income gains are further limited, compounded by weak lending and bad debt [BANGKOK] Four of Thailand’s largest banks are expected to post sharp declines in…
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Oil prices hit 5-month low on US-China trade tensions, looming supply surplus
[NEW YORK] Oil prices eased on Wednesday to a five-month low on escalating US-China trade tensions and the International Energy Agency’s prediction of a supply surplus in 2026. Brent crude futures…
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IMF warns of dim outlook for world economy hit by rolling shocks
The global economy is expected to grow by 3.2% this year, up from 3% predicted in July [WASHINGTON] The International Monetary Fund warned that the global economy is showing signs…
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Asia: Stocks pare tariff-led losses, Tokyo hit by political turmoil
[HONG KONG] Most Asian stocks rose on Tuesday (Oct 14), tracking a rally on Wall Street, after US President Donald Trump tempered his rhetoric against China, which he has threatened…
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Asian Stocks Pare Tariff-led Losses, Tokyo Hit By Political Turmoil
Most Asian stocks rose Tuesday, tracking a rally on Wall Street, after Donald Trump tempered his rhetoric against China, which he has threatened with 100 percent tariffs, while Tokyo struggled…
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Power Outages Hit Phoenix Hard After a Severe Thunderstorm Warning Sweeps the Area
The sky over Phoenix darkened ominously on Monday afternoon, heralding the arrival of a severe thunderstorm that swept through the Valley. Following a weekend of already wet weather, this new…
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Shein, hit with big fines, boosts internal controls
The online fast-fashion retailer has grown to become the world’s biggest fast fashion retailer by sales [LONDON] Online fast-fashion retailer Shein is strengthening its controls after a string of fines…
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Seatrium hit by US$475 million contract termination for nearly completed wind vessel; shares drop 6.6%
The company says that it will ‘explore viable solutions’, including talks with the end-customer, Empire Offshore Wind [SINGAPORE] Seatrium on Friday (Oct 10) announced that it had received a termination notice…
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Serbia Faces ‘Extremely Serious’ Impacts As Sanctions Hit Oil Firm
Serbia’s president warned that US sanctions on the Russian-controlled operator of the Balkan nation’s only oil refinery that took effect on Thursday put it in an “extremely serious” position. The…
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US dollar mixed as yen selloff wanes, euro hit by French politics
[NEW YORK] THE US dollar was mixed on Thursday (Oct 9) as a sell-off in the Japanese yen appeared exhausted for now, while the euro was dented by political uncertainty.…
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US dollar mixed as yen sell-off wanes, euro hit by French politics
[NEW YORK] THE US dollar was mixed on Thursday (Oct 9) as a sell-off in the Japanese yen appeared exhausted for now, while the euro was dented by political uncertainty.…
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US Sanctions Hit Serbia’s Oil Firm
US sanctions on Serbia’s majority-Russian-owned NIS oil company, which operates the country’s sole refinery, took effect on Thursday after months of delay. The United States sanctioned the company, Petroleum Industry…
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Airbus needs to deliver 300 more aircraft to hit annual goal
Single-aisle jets are the most important product for both the European planemaker and rival Boeing, making up the bulk of their commercial business [NEW YORK] Airbus delivered 73 aircraft in…
