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MARKET UPDATE

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Hong Kong shares ended lower on Friday as investors took profit after strong gains earlier in the week, and following weakness overnight in U.S. technology stocks.The Hang Seng index fell 0.6

ECONOMY

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Second-Quarter U.S. GDP Speeds Up To 2.6%
Friday, 28 July 2017 19:49 WIB
The U.S. grew at a 2.6% annual pace in second quarter, rebounding from soft patch at the start of the year. Consumer spending, the main engine of the economy, led the way with a 2.8% increase,

COMMODITY

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Oil Prices Log Biggest Weekly Gain of The Year
Saturday, 29 July 2017 02:03 WIB
Oil prices finished Friday at their highest level since late May, lifting their weekly gain to 8.6%, on the back of renewed output-curb commitments from some key oil producers and uncertainty

FISCAL & MONETARY

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Federal Reserve officials said they would begin running off their $4.5 trillion balance sheet “relatively soon” and left their benchmark policy rate unchanged as they assess progress toward their

GLOBAL

c_173_127_16777215_00_images_assets_GLOBAL2_XxjiweE005001_20160113_BNMFN0A002_11n.jpg Starbucks to own 100% of its China stores after buyout deal
Saturday, 29 July 2017 00:31 WIB
Starbucks is to take full ownership of all its China outlets, after agreeing to buying out its joint venture partner for $1.3bn (£994m). The deal will see it acquire the 50% stake it does not already hold in 1,300 stores in Shanghai and the provinces of Jiangsu and Zhejiang. Starbucks already fully owns the other 1,500 outlets in China - its fastest-growing market outside of the US. The

GOLD CORNER

c_173_127_16777215_00_images_assets_GOLD_MW-DF103_gold_20150209015418_ZH.jpg Physical Gold Demand Rises In First Half, But Market Sees Surplus –GFMS
Thursday, 27 July 2017 16:22 WIB
Physical gold demand globally rose to 1,895 tonnes in the first half of 2017, up 17 percent from the same period last year, GFMS analysts at Thomson Reuters said. But the market saw a surplus of 138 tonnes in the first six months compared with a balanced market in the same period last year, despite supplies shrinking more than five percent to 2,160 tonnes. That was mainly due to

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