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US stocks mixed as tech gains, dollar weakens; euro gains

Apple inc opens apple store in taiwan

Bloomberg Most US stocks fell, with large-cap tech stocks bucking the trend, while the dollar slipped and Treasuries advanced as markets struck a tone of caution at the start of a week stuffed with catalysts. The euro gained. The S&P 500 Index opened lower as investors assessed the impact of the first charges in the broad investigation to Russian meddling ...

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Saudi stock market stays soft despite SABIC beat

Reuters Saudi Arabia’s stock market was soft on Monday despite strong earnings at Saudi Basic Industries Corp (SABIC), while Emaar Properties dragged down Dubai’s index. The Saudi index edged down 0.2 percent. SABIC, the biggest petrochemical producer, gained 0.6 percent after reporting a 10.7 percent rise in third-quarter net profit to 5.79 billion riyals; analysts had on average forecast 4.27 ...

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HSBC’s $100bn Asia push bearing fruit

Hsbc pre tax profits up 5 percent in first half of 2017

Bloomberg HSBC Holdings Plc’s $100 billion bet on Asia is bearing fruit, driving its third consecutive increase in quarterly revenue just months before Chief Executive Officer Stuart Gulliver hands the reins to John Flint. Asia posted the biggest revenue gain among of the bank’s five regions, helping it report higher-than-expected third-quarter adjusted revenue of $13 billion. During the period, HSBC ...

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