STOCKMARKET

U.S. stocks open mixed amid economic data

(MENAFN) As investors absorbed the country’s recent released personal income and outlays data, U.S. stocks opened mixed Friday, which is the last trading day of the third quarter. In line with market estimates, U.S. personal income increased 28.6 billion U.S. dollars or 0.2 percent in August, according to the commerce Department. On the other hand, U.S. disposable personal income increased ...

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GKFX Reports Strong Revenues, Lagging Income for 2016

UK-based FCA-regulated broker GKFX Financial Services limited, known by its GKFX brand, has just released its annual financial results for the fiscal period ending December 31, 2016. The group’s latest financial results, which covers from September 2015 through December 2016, disclosed a mixture of statistics, ultimately showing that the company was unable to maintain profitability, though it managed to score ...

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Smartphones made in India? Manufacturing ambition hits hurdles

NEW DELHI: India’s ambitions to become a smartphone-making powerhouse are foundering over a lack of skilled labor and part suppliers along with a complex tax regime, industry executives say.Prime Minister Narendra Modi has championed a manufacturing drive, under the slogan ‘Make in India’, to boost the sluggish economy and create millions of jobs. Among the headline-grabbing details was a plan ...

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Johnson, Factory Data Could Preside Over Pound’s Fate This Week

Sterling pared its biggest monthly gain in at least two years on Friday as disappointing economic numbers exacerbated uncertainty surrounding the Brexit talks. With the ruling Conservative Party’s annual conference starting Sunday, and a host of reports including sentiment surveys for the construction and services industries through the week, the pound could be pulled in conflicting directions, according to strategists.

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Asian shares advance on strong factory data for China, Japan | News 1110am 99.3fm WBT

TOKYO (AP) — Shares in Asia are higher after China and Japan reported stronger than expected factory data. Many markets in the region were closed Monday for national holidays. KEEPING SCORE: Japan’s Nikkei 225 stock index rose 0.1 percent to 20,376.90 and the S&P ASX/200 jumped 1.1 percent to 5,743.40. Shares in Singapore and Taiwan also gained. Markets in Hong ...

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Asian shares advance on strong factory data for China, Japan

TOKYO (AP) — Shares in Asia are higher after China and Japan reported stronger than expected factory data. Many markets in the region were closed Monday for national holidays. KEEPING SCORE: Japan’s Nikkei 225 stock index rose 0.1 percent to 20,376.90 and the S&P ASX/200 jumped 1.1 percent to 5,743.40. Shares in Singapore and Taiwan also gained. Markets in Hong ...

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Euro ruffled by Spanish vote; Asia data encourages equities

SYDNEY (Reuters) – The euro took a knock in Asia on Monday as investors kept an anxious eye on an independence vote in Spain’s Catalonia, although surprisingly strong economic news out of China and Japan offered support to equities and commodities. The euro fell 0.3 percent after the violence-marred vote to trade at $1.1773, with liquidity lacking given holidays in ...

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Japan business mood hits decade-high: BOJ tankan, Economy News & Top Stories

TOKYO (REUTERS) – Big manufacturers have more confidence in Japan’s business conditions than they have had for a decade as global demand adds momentum to economic recovery, a closely watched central bank survey showed on Monday (Oct 2). The upbeat data supports Bank of Japan policymakers’ hopes that a sustained economic recovery will boost wages and household spending, helping to ...

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