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US housing starts miss expectations; weekly jobless claims fall

US housing starts miss expectations; weekly jobless claims fall

US homebuilding rebounded less than expected from a nine-month low in July, suggesting the housing market was likely to tread water for the rest of this year against the backdrop of rising mortgage rates.

Musk picks his coziest bank, Goldman Sachs, to help go private

Musk picks his coziest bank, Goldman Sachs, to help go private

Who else, but Goldman Sachs? As he attempts to lead Tesla Inc’s potential exodus from the public market, Elon Musk has turned for help to the very bank that’s always had his back.

Stocks regain composure on US-China trade talk reports

Stocks regain composure on US-China trade talk reports

European and US stocks rebounded yesterday on news that Beijing and Washington will hold trade talks, while the Turkish lira rose after Qatar offered to invest $15bn in Turkey.

Asia stocks pare losses after US-China trade talk news

Asia stocks pare losses after US-China trade talk news

Asia stocks closed lower yesterday, joining a global sell-off on concerns over Turkey’s financial crisis, ...

If rupee slump persists, it can hurt India’s Modi

If rupee slump persists, it can hurt India’s Modi

The rupee’s plunge to a record low has worried a wide cross-section of India’s society:

If rupee slump persists, it can hurt India’s Modi

If rupee slump persists, it can hurt India’s Modi

The rupee’s plunge to a record low has worried a wide cross-section of India’s society:

Japan export growth slows as US-bound car shipments fall

Japan export growth slows as US-bound car shipments fall

Japan’s export growth slowed in July, with shipments of cars to the United States sinking and as global trade disputes cast doubt over demand for products from the world’s third-biggest economy.

China and US to resume trade talks in late August

China and US to resume trade talks in late August

China will send a senior negotiator to the United States in late August to resume trade talks, its commerce ministry said yesterday,..

Lebanon banks suck in dollars to maintain peg, but economy stagnates

Lebanon banks suck in dollars to maintain peg, but economy stagnates

Lebanese banks are pulling out the stops to bring in dollars as the country strives to preserve a two-decade old currency peg,...

Bahrain Gulf allies reviewing aid plan to repair its finances

Bahrain Gulf allies reviewing aid plan to repair its finances

Bahrain’s Gulf Arab allies met to review a financial support programme designed to help the country repair its finances and stave off a possible currency devaluation that could roil regional markets.

DP World cautions on trade, posts drop in H1 net profit

DP World cautions on trade, posts drop in H1 net profit

DP World, one of the world’s biggest port operators, posted a 2.1% drop in first-half net profit yesterday, ..

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