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Foreign exchange – Aussie less strong in front of Q2 China GDP, industrial output

Investing.com – The Aussie trended less strong in front of second quarter China GDP on Monday likely to set a dark tone for interest in goods. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was fell .04% to 94.86. China releases second quarter GDP having a […]

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Former $2 billion private equity finance fund now nearly useless: WSJ

(Reuters) – Wells Fargo (N:WFC) and many other lenders are negotiating to seize control of the hedge fund formerly worth greater than $2 billion that’s now worth just about nothing, based on a study in the Wall Street Journal. EnerVest Limited., a Houston private equity finance firm that concentrates on energy investments, manages the non-public […]

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UAE arranged for hacking of Qatar government sites, sparking diplomatic row: Washington Publish

WASHINGTON (Reuters) – The Uae arranged for Qatari government social networking and news sites to become hacked at the end of May to be able to publish fiery but false quotes associated with Qatar’s emir, prompting a diplomatic crisis, the Washington Publish reported on Sunday, citing U.S. intelligence officials. The emir, Sheikh Tamim bin Hamad […]

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China second quarter GDP growth tops forecasts on strong investment, consumption

By Elias Glenn and Kevin Yao BEIJING (Reuters) – China’s economy increased quicker than expected within the second quarter as industrial output and consumption selected up and investment continued to be strong, though analysts expect slower growth over all of those other year as policymakers aim to reduce financial risk. The economy increased 6.9 % […]

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