English News
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Dollar nears pandemic peaks as investors seek safety
KEY POINTS Fears for Europe’s energy security pushed the euro to a five-year low of $1.0635 after Russia’s Gazprom said…
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Oil moves between gains and losses as dollar soars, U.S. crude stocks edge higher
Oil prices saw modest gains on Wednesday despite a soaring U.S. dollar, which makes barrels more expensive and…
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Gold falls to two-month low as dollar surge hurts appeal
KEY POINTS Spot gold dropped 1.1% to $1,884.74 per ounce . U.S. gold futures settled down 1% at $1,885.7 .…
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Oil prices rebound from sharp drop on China demand concerns
Oil prices opened slightly higher on Tuesday, after falling sharply the prior session on worries that continued Covid-19…
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Dollar jumps on China growth fears, yen rebounds before BOJ meeting
The dollar hit a two-year high on Tuesday as concerns about slowing growth in China and expectations that…
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Mainland Chinese shares tumble amid Covid fears as Beijing expands testing; HSBC profit falls
KEY POINTS Chinese stocks turned around from early declines on Tuesday after plunging the previous day, despite Covid fears in…
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European markets close lower as tech and bank stocks slide; HSBC down 5%
KEY POINTS Shares of UBS finished flat after the Swiss bank’s latest earnings beat expectations for the first quarter . Meanwhile,…
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Elon Musk buys Twitter for $44 billion
Billionaire Elon Musk has reached a deal to acquire Twitter for about $44 billion cash in a transaction that will…
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Abu Dhabi-Based Masdar Joins Consortium To Produce Green Hydrogen In Egypt
Key details The state-owned firm signed two memoranda of understanding (MoUs) with Hassan Allam Utilities, the investment and development arm…
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Oil Tumbles Over 5% As China’s COVID-Related Lockdown Clouds Demand Outlook
Key details With high volatility in commodity prices, Brent for June settlement plummeted by $5.25, or 4.88%, to $101.44 per…
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European stocks fall 2% as global sell-off, China Covid concerns batter sentiment
KEY POINTS European stocks opened sharply lower on Monday as investors digest the projected result of the French presidential election…
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Gold heads for weekly fall as rising bond yields, dollar weigh
Gold prices fell on Friday as the prospect of aggressive interest rate hikes boosted U.S. Treasury yields and…
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