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Stocks retreat as unrest in Hong Kong adds to nerves

Bloomberg Stocks in Europe slid on Monday along with US equity-index futures as traders awaited further developments on the trade front, while turmoil in Hong Kong added to the risk-off mood. Gold and the yen climbed. Banks and miners led the Stoxx Europe 600 index lower, and futures on the S&P 500 gauge also fell after President Donald Trump said ...

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Zimbabwe bourse’s CEO bemoans 80% local currency crash

Bloomberg When it comes to adverse conditions for stock-market trading, Zimbabwe’s bourse belongs in a special category for extreme cases. Consider the challenges confronting Zimbabwe Stock Exchange Chief Executive Officer Justin Bgoni: a local currency that has crashed more than 80% since a peg to the US dollar was ended in February and annual inflation that the International Monetary Fund ...

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Alibaba seals $38b Singles’ Day sales record

Bloomberg Alibaba Group Holding Ltd logged more than 268 billion yuan ($38.3 billion) of purchases during its Singles’ Day bonanza, exceeding last year’s record haul after a 24-hour shopping marathon. An estimated half-billion shoppers from China to Russia and Argentina swarmed the e-commerce giant’s sites to scoop up everything from Apple Inc and Xiaomi Corp gadgets to Ugandan mangoes. The ...

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