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Copper sees worst losing streak since 2018 on virus fears

Bloomberg Copper saw its worst streak of losses since mid-2018 as more patients were infected by the deadly coronavirus in the US, spurring a sell-off in riskier assets while boosting gold’s haven appeal. US officials are monitoring more than 60 people as they attempt to catch new cases of coronavirus in travelers from China, the centre of the outbreak. Mounting ...

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Plunging penny stocks stir mutual fund crisis in Jakarta

Bloomberg A crisis of confidence is brewing in Indonesia’s mutual-fund industry after some asset managers created products that invested in tiny, illiquid stocks, which have plunged in value. The volatility has triggered a “serious issue” in the nation’s capital markets that’s raised public concerns, said Wimboh Santoso, chairman of Indonesia’s Financial Services Authority. The regulator last year restricted sales of ...

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Largest twin-engine jet takes to skies

Bloomberg Boeing Co’s newest plane, so big that its wings are hinged, finally rumbled into the skies over the Washington factory complex constructed a half century ago for the original jumbo jet. After a delay on January 24 because of high winds, the jet took off from Boeing Field on Saturday and landed successfully almost four hours later. It’s set ...

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