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Oil tumbles as output cut looks elusive; dollar sinks
TOKYO Oil prices tumbled on Monday on fears that producer countries may fail to agree an output cut, pressuring U.S. stocks and the dollar as traders reversed their "Trumpflation" trade as weak oil prices would reduce pressure on U.S. interest rates to rise.That gave some relief to Asian shares, which
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Nuclear write-down leaves Toshiba with $3.5-billion loss in third-quarter: Nikkei
TOKYO Japanese conglomerate Toshiba Corp probably suffered a group net loss of about 400 billion yen ($3.52 billion) in the nine months through December, the Nikkei reported on Sunday.The loss is largely due to a goodwill impairment of around 600
Joyalukkas secures $136 million funding for global expansion
Gold retailer Joyalukkas has secured a significant financing deal with Emirates NBD, confirming a revolving credit facility of 500 million UAE dirhams. The facility will aid Joyalukkas in accelerating its expansion strategy across key international markets, which include the GCC,
After 15 years, lawsuit against UBS over Enron collapse is dismissed
A federal judge in Houston has thrown out a lawsuit accusing UBS Group AG of hiding fraud by its client Enron Corp from retail customers, a decision that may end a 15-year legal battle stemming from the energy company's December
