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Asian shares sagged on Thursday after a retreat on Wall Street and falling crude oil prices rekindled investor anxiety over slowing global growth, while a mixed picture on Chinese manufacturing failed to impress markets.Japan's Nikkei share average fell 0.4 percent while MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.3 percent.European shares look set to slide, with spreadbetters ...
South Korean automaker Hyundai Motor posted a 29 percent fall in its third-quarter net profit, the steepest decline in at least six quarters, hit by slowing sales growth and a stronger local currency.The company, which is the world's fifth-biggest automaker along with affiliate Kia Motors, on Thursday reported a 1.52 trillion Korean won ($1.44 billion) net profit for the July to September quarter, ...
Gold steadied above $1,240 an ounce on Thursday as Asian stock markets weakened, but caution prevailed as the dollar hovered near one-week highs and outflows from bullion funds continued.Asian shares sagged after a retreat on Wall Street and falling crude oil prices rekindled investor anxiety over slowing global growth, while a mixed picture on Chinese manufacturing failed to impress markets.The dollar ...
Gold steadied above $1,240 an ounce on Thursday after dipping overnight on a stronger dollar, but caution prevailed ahead of a host of global economic data and on further outflows from bullion funds.FUNDAMENTALS* Spot gold was little changed at $1,241.60 an ounce by 0045 GMT, after losing 0.7 percent in the previous session. Wednesday's loss took gold away from a six-week high of $1,255.20 hit earlier ...
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