Gold pushes Canadian market ahead

TORONTO, Feb. 9 (NsNewsWire) — Canada’s main stock market in Toronto rose for a second straight day on Wednesday, as gold prices reached a 13-week high to extend a strong start to 2017 by the materials group. The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite gained 55.24 points, or 0.36 percent, to close the […]

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German business leader slams Trump’s protectionism

BERLIN, Feb. 8 (NsNewsWire) — An influential German business leader on Tuesday criticized U.S. President Donald Trump for his protectionist policies, warning that it could trigger a global recession, according to Deutsche Presse-Agentur (DPA) reports. “By winning the election, Donald Trump has now got his dream business and sees the U.S. as his company,” Anton […]

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Financials and IT stocks lift Canadian market higher

TORONTO, Feb. 8 (NsNewsWire) — Canada’s main stock market in Toronto advanced on Tuesday, as gains in Financials and Information Technology sectors overcame slumping energy stocks. The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite climbed 41.86 points, or 0.27 percent, to end the session at 15,498.80 points. Nine of the ten sub-groups finished the […]

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Chinese insurers invest 240 bln USD into infrastructure, livelihood improvement

BEIJING, Feb. 7 (Xinhua) — Chinese insurers had initiated 651 investment projects with registered capital of 1.65 trillion yuan (about 239.8 billion U.S. dollars) in infrastructure and livelihood improvement by the end of 2016, official data showed. The investment was made through equity and bond purchases, as well as asset support plans, which mostly went […]

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Philippine gross int’l reserves tops 81 billion dollars

MANILA, Feb. 7 (Xinhua) — The Philippines’ gross international reserves (GIR) climbed to 81.04 billion U.S. dollars as of January, the central bank said Tuesday. Bangko Sentral ng Pilipinas (BSP) Officer-in-Charge Nestor A. Espenilla said the January preliminary level was higher by 0.35 billion dollars than the December 2016 GIR. He attributed the increase to […]

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Asia speaks up on cyberbullying: Telenor Group survey

DHAKA, Feb. 6 (NsNewsWire) — Telenor Group, on this Safer Internet Day 2017, releases results from a survey of parents and adults across Asia in order to give greater visibility of the types of digital bullying affecting youth and how they deal with it. The survey was conducted over Facebook with 320 respondents primarily from […]

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China’s Yancoal acquires Australian coal assets of Rio Tinto

JINAN, Feb. 6 (Xinhua)– China’s Yancoal Australia will take over Rio Tinto’s coal assets in Australia in a deal worth 2.35 billion U.S. dollars. Under the deal, Coal & Allied Industries Ltd., which operates two mines in Australia, will be sold to Yancoal Australia, which is majority controlled by Yanzhou Coal Mining, one of China’s […]

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U.S. stocks end mixed amid data, earnings

NEW YORK, Feb. 6 (NsNewsWire) — U.S. stocks closed mixed for the first week of February, with the Nasdaq setting new closing records, as investors mainly digested a batch of economic data and corporate earnings. For the week, the blue-chip Dow edged down 0.1 percent, while both the S&P 500 and the Nasdaq rose 0.1 […]

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