European markets higher following US jobs report; Indivior down 35%

In the U.K., the manufacturing purchasing managers’ index rose to a four-month high of 56.9 in August, beating forecasts. “The manufacturing sector, however, should be doing even better, given sterling’s huge depreciation and the emergence of a strong recovery in the euro zone,” Samuel Tombs, chief U.K. economist at Pantheon Macroeconomics said in an email. Across the euro zone, the […]

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US gasoline prices surge as Harvey keeps refiners shut, Companies & Markets News & Top Stories

HOUSTON/NEW YORK, (Reuters) – Retail US gasoline prices hit two-year highs and global shipping routes were scrambled as the nation’s largest refiners remained shut on Friday (Sept 1), even as Storm Harvey lost strength. Major fuel pipelines feeding the U.S. Northeast and Midwest were either closed or severely curtailed, prompting shortages in some areas and dramatic spikes in wholesale prices. […]

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Amazon Puts Bond Traders on Edge in Once-Quiet Corner of Market

The bond market has long viewed America’s supermarkets as a species apart from their deeply troubled peers in the retail sector. As conventional wisdom had it, grocers could resist the onslaught of e-commerce that was decimating industries such as clothing and electronics. After all, shoppers want to touch their avocados and see their T-bones. But now, just days after Amazon.com […]

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Litecoin Surges Above $70 as Crypto Market Tops $175 Billion

Via CoinMarketCap The cryptocurrency markets continued to rise today as the asset class observed strong gains, including most notably, perhaps, litecoin. The digital asset once dubbed “the silver to bitcoin’s gold” passed $78 to achieve a new all-time high at 06:54 UTC this morning, according to CoinMarketCap data. Standing at $75.57 at press time, litecoin has increased by 17.28 percent over the past 24 hours […]

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As market continues to rise post GDP data, over 120 stocks hit fresh 52-week highs

Moneycontrol News Positive momentum in the Indian market continued, despite lesser-than-anticipated GDP data for the first quarter of this fiscal. The Indian market seemed to have taken it in its stride and was trading in the green. This stance by investors could be due to their belief in structural reforms being carried out in the country, Edelweiss Securities explained. “Potential […]

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Market Live: Sensex jumps 140 points, Nifty rises; Dr Reddy, Bajaj Auto, Asian Paints top gainers

BSE Sensex and NSE Nifty trade higher on Friday. Photo: Mint Mumbai: Indian bonds rallied on Friday, sending the benchmark 10-year yield down as much as 6 basis points, after much weaker than expected economic growth data raised hopes the central bank would cut rates at its next meeting in October. On Friday morning, Indian shares also climbed on rate-cut […]

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Market Live: Sensex up 100 pts, Nifty above 9950; Dr Reddy’s Labs spikes 9%

Moneycontrol News 11:55 am Settlement for drug: Dr Reddy’s Laboratories shares rallied more than 9 percent intraday after settlement agreement with US-based Vivus to resolve a long-pending patent litigation related to anti-obesity pill (or weight management capsules) Qsymia. The settlement agreement permits the company to begin selling a generic version of Qsymia on June 1, 2025, or earlier under certain circumstances. […]

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Manawatu/Whanganui house values experience strong growth as Auckland market cools

KAROLINE TUCKEY AND PAUL MITCHELL Last updated 13:00, September 1 2017 Warwick Smith Manawatu house values are ‘rocketing along’ with gaining an average of 13.9 per cent extra value in the year before August. Houses in Manawatu and Whanganui are continuing to march upward in value as growth in Auckland cools down and the Wellington market stabilises. Quotable Value rating valuer […]

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The fate of Malaysia politics, its markets and Prime Minister Najib Razak may hinge on palm oil farmers

Sanjit Das | Bloomberg | Getty Images Workers gather harvested palm fruit at a palm oil plantation in Bukit Basout Estate, Perak State, Malaysia, on Wednesday, May 10, 2017. The opposition, with stronger support among urban Malaysians angry with a series of corruption scandals, has typically struggled to dislodge the ruling United Malay National Organization (UMNO) party’s stranglehold on the […]

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