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PIMCO sees possibility of China floating yuan in 2017
LONDON Asset management giant PIMCO said on Thursday it thought there was a chance China could freely float its currency, the yuan, this year.The firm's head of Asian portfolios, Luke Spajic, said in a note Beijing was finding it impossible achieve three goals simultaneously: a stable or fixed foreign exchange rate,
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Asia shares shaky as Trump bets keep emerging markets pressured
TOKYO Asian shares were on the defensive on Monday, undermined by fears that the strength in the U.S. dollar and rising U.S. bond yields since Donald Trump's election to president could accelerate fund outflows from emerging markets.MSCI's broadest dollar-based index
Boeing machinists in South Carolina to vote in February on unionizing
SEATTLE Boeing Co (BA.N) and its largest union said on Friday they had agreed on a February date for a union vote at Boeing's jetliner factory in South Carolina, setting up what is likely to be a fresh battle between
Exxon to invest $20 billion on U.S. Gulf Coast refining projects
By Ernest Scheyder | HOUSTON HOUSTON Exxon Mobil Corp (XOM.N), the world's largest publicly traded oil producer, said on Monday it
