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Wall Street rises, buoyed by economic data; Dow sets high
Wall Street rose on Monday, with the Dow Jones industrials setting fresh record highs, as services sector data gave further evidence of strength in the domestic economy.U.S. services sector activity hit a one-year high in November, with a surge in production boosting hiring, following on the heels of Friday's employment
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Trump's Treasury pick targets taxes, trade reforms: CNBC
WASHINGTON President-elect Donald Trump's pick for U.S. Treasury secretary, Steven Mnuchin, said on Wednesday the administration would target tax reform and trade pact overhauls as top priorities as they seek to achieve 3 percent to 4 percent economic growth.Mnuchin and
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
China policymakers pledge stability for 'complex' year ahead
BEIJING China's economy is on a steady growth path as 2016 ends, supported by a housing boom and billions in government investment, but the mood of policymakers is more cautious than celebratory as they face "complexity" in the new year.