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Euro jumps, shares firm on French election relief

SYDNEY The euro briefly vaulted to five-month peaks on Monday after the market's favored candidate won through the first round of the French election, reducing the risk of a Brexit-like shock and sparking a mass unwinding of safe-haven trades.

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Oil recovers lost ground, but market remains under pressure

SINGAPORE Oil prices recovered ground on Monday following last week's big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains.

12:14am EDT

Trump resorting to unilateralism with steel probe: China Daily

BEIJING Washington's move to probe steel imports could trigger a trade dispute between the United States and its major trading partners, who are likely to take retaliatory steps, the official China Daily said in an editorial on Monday.

12:31am EDT

Trump tax plan may produce some short-term budget issues: Mnuchin

WASHINGTON U.S. Treasury Secretary Steven Mnuchin said on Saturday that the Trump administration's tax reform plan would produce some "short term issues" when viewed under traditional "static" budget analysis rules.

Politics, Election 2016, U.S. Apr 22 2017

Local, global security firms in race along China's 'Silk Road'

SHANGHAI/BEIJING Global security companies and their smaller Chinese rivals are jostling for business along Beijing's modern-day "Silk Road", the grandiose plan for land and sea routes connecting the world's second largest economy with the rest of Asia and beyond.

Apr 23 2017

Credit Suisse to make capital hike decision after AGM: report

ZURICH Credit Suisse will not decide on how it wants to raise fresh capital until after this week's annual general meeting, SonntagsZeitung reported on Sunday.

Apr 23 2017

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