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Hopes for progress in trade war and Brexit buoy global stocks

LONDON, Oct 21 — World shares rose today, as hopes for resolving the US-China trade war and a belief that Britain will avoid a disorderly exit from the European Union gave investors cause for riskier bets. MSCI’s world equity index, which tracks…


Sterling slips on Brexit vote delay, dollar claws higher

LONDON, Oct 21 — Sterling fell as much as 0.5 per cent after Britain’s parliament delayed a crucial vote on the government’s new Brexit plan, while the dollar, which is on course for its worst month since January 2018, clawed higher. It was…


Asian share markets cautious, pound stumbles on Brexit drama

TOKYO, Oct 21 — Asian stocks were steady in a cautious start to the week today, while the British pound fell following a delay to a crucial vote on Britain’s divorce from the European Union. MSCI’s broadest index of Asia-Pacific shares outside…


Global shares slip on weak China growth, dollar suffers weekly mauling

LONDON, Oct 18 — World stocks slipped after China posted its weakest growth rate in nearly three decades today, while the dollar was set for its worst week in almost four months having been pummelled by pound and euro Brexit rallies. China’s…


Oil, diamonds and nuclear power: Russia eyes Africa business

MOSCOW, Oct 18 — While Russia has traditionally focused on arms and grain exports to Africa, it is now looking to broaden its activities and influence. Here are four sectors likely to be discussed at the Russia-Africa Summit set for next Wednesday…


Asian stocks track Brexit deal cheer but China caution prevails

SHANGHAI, Oct 18 — Asian stocks edged higher today, tracking the global lift in sentiment after the UK and the European Union struck a long-awaited Brexit deal, but concern about the Chinese economy is likely to cap gains with data expected to…


Stocks, sterling rise on long-awaited Brexit deal

LONDON, Oct 17 — A deal on Britain’s departure agreed with the European Union sent sterling to a five-month high today and hoisted European stocks to a year-and-a-half peak before doubts about UK parliamentary support hauled them back. Wall…


Europe’s Brexit deal cheers dampened by familiar snags

LONDON, Oct 17 — Confirmation of a new Brexit deal sent sterling to a five-month high on Thursday and hoisted European stocks to a year-and-a-half peak, before familiar doubts about British parliamentary support for the agreement hauled them back….


Environmentalists slam banks over Aramco IPO support

LONDON, Oct 17 — Banks aiding a stock market float for Saudi oil giant Aramco will be “devoid of all sincerity” regarding environmental and social concerns, green and rights groups jointly said today. Addressing directly chief executives of…


Berlin blames trade wars and Brexit for falling growth prospects

BERLIN, Oct 17 — Germany today slashed its growth outlook for next year, saying it expects trade conflicts, Brexit and other sources of uncertainty abroad to continue weighing on an economy that remains buttressed by domestic strength. Europe’s…