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POPULAR NEWS
Gold prices settle higher to cut their loss for the week

Gold prices settled higher Friday, cutting their loss for the week down to roughly 0.1%, with the market wary of a potential U.S. government shutdown this weekend. The weekly decline for the yellow metal, however, followed five weeks of gains in a row. February gold rose $5.90, or 0.4%, to settle at $1,333.10 an ounce. U.S. economic data released Friday was downbeat, with consumer sentiment for January falling to a six-month low. Gold saw a temporary boost in the data™s wake, briefly...

Dollar marks fifth weekly loss in a row

The U.S. dollar pared earlier losses on Friday, but notched a fifth weekly loss, as investor concerns over a potential government shutdown. The ICE U.S. Dollar Index which measures the buck against a basket of six rivals, was last at 90.593, up 0.1%, having erased its losses after trading around the lowest level in three years earlier in the session. On the week, the ICE index slipped 0.4%, making it its fifth week of losses in a row. The broader WSJ Dollar Index was little changed at 84.42,...

Dollar Slides Back to 3-Year Low on Fears of Government Shutdown

The dollar fell anew on Friday, as concerns over a potential government shutdown outweighed a rally in U.S. Treasury yields, which usually is supportive for the greenback. The ICE U.S. Dollar Index, which measures the buck against a basket of six rivals, fell 0.3% to 90.243, trading around the lowest level in three years. The broader WSJ Dollar Index fell 0.3% to 84.18. The euro rose to $1.2271 from $1.2239 late Thursday in New York. The shared currency is on track for a 0.6% weekly jump...

Asian Stocks Set for Sixth Weekly Gain as Japanese Stocks Climb

Asian stocks rebounded, led by industrial and technology stocks, setting the stage for the benchmark index™s sixth week of gains amid global growth optimism. The MSCI Asia Pacific Index advanced 0.8 percent to 183.71 as of 4:50 p.m. in Hong Kong. Taiwan Semiconductor Manufacturing Co.™s shares closed 2.8 percent higher to another record after reporting better-than-expected quarterly results. Japan™s Topix index rose 0.7 percent with electronics and machinery makers...

Apple to Build 2nd Campus, Hire 20,000 in $350B Pledge

Apple is planning to build another corporate campus and hire 20,000 workers during the next five years as part of a $350 billion commitment to the U.S. economy. The pledge announced Wednesday is an offshoot from the sweeping overhaul of the U.S. tax code championed by President Donald Trump and approved by Congress last month. Besides dramatically lowering the standard corporate tax rate, the reforms offer a one-time break on cash being held overseas. Apple plans to take advantage of that...

Six Quakes in One Hour Hit Iran-Iraq Border
Friday, 12 January 2018 04:10 WIB | GLOBAL |Global

A series of six earthquakes with a magnitude of at least 5 hit along the Iran-Iraq border and rattled even Baghdad and parts of the Iraqi countryside Thursday, striking in the same area that saw a temblor in November that killed more than 530 people. There were no immediate reports of injuries or damage.

The U.S. Geological Survey said five of the quakes struck near the Iraqi city of Mandali, followed by one that struck near Mehran in western Iran. All struck within an hour of each other beginning at 0659 GMT.

Iranian state television said people rushed into the streets as the temblors hit. In Baghdad, people felt a quake shake the Iraqi capital, followed by what felt like aftershocks.

All the earthquakes struck at a depth of 10 kilometers (6 miles), according to the USGS. Earthquakes at magnitude 5 can cause considerable damage. The temblors also all were very shallow, which causes more ground shaking and potential damage, particularly in places without strict building codes.

Iranian authorities offered similar figures for the earthquakes on state television. All the information was preliminary and could change as scientists examine the data.

In November, a 7.2 magnitude earthquake struck the same region, killing more than 530 people and injuring thousands in Iran alone. In Iraq, nine people were killed and 550 were injured, all in the country's northern Kurdish region, according to the United Nations.

Iran sits on major fault lines and is prone to near-daily earthquakes. In 2003, a 6.6 magnitude quake flattened the historic city of Bam, killing 26,000 people.

Source : VOA

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POPULAR NEWS
Gold prices settle higher to cut their loss for the week

Gold prices settled higher Friday, cutting their loss for the week down to roughly 0.1%, with the market wary of a potential U.S. government shutdown this weekend. The weekly decline for the yellow metal, however, followed five weeks of gains in a row. February gold rose $5.90, or 0.4%, to settle at $1,333.10 an ounce. U.S. economic data released Friday was downbeat, with consumer sentiment for January falling to a six-month low. Gold saw a temporary boost in the data™s wake, briefly...

Dollar marks fifth weekly loss in a row

The U.S. dollar pared earlier losses on Friday, but notched a fifth weekly loss, as investor concerns over a potential government shutdown. The ICE U.S. Dollar Index which measures the buck against a basket of six rivals, was last at 90.593, up 0.1%, having erased its losses after trading around the lowest level in three years earlier in the session. On the week, the ICE index slipped 0.4%, making it its fifth week of losses in a row. The broader WSJ Dollar Index was little changed at 84.42,...

Dollar Slides Back to 3-Year Low on Fears of Government Shutdown

The dollar fell anew on Friday, as concerns over a potential government shutdown outweighed a rally in U.S. Treasury yields, which usually is supportive for the greenback. The ICE U.S. Dollar Index, which measures the buck against a basket of six rivals, fell 0.3% to 90.243, trading around the lowest level in three years. The broader WSJ Dollar Index fell 0.3% to 84.18. The euro rose to $1.2271 from $1.2239 late Thursday in New York. The shared currency is on track for a 0.6% weekly jump...

Asian Stocks Set for Sixth Weekly Gain as Japanese Stocks Climb

Asian stocks rebounded, led by industrial and technology stocks, setting the stage for the benchmark index™s sixth week of gains amid global growth optimism. The MSCI Asia Pacific Index advanced 0.8 percent to 183.71 as of 4:50 p.m. in Hong Kong. Taiwan Semiconductor Manufacturing Co.™s shares closed 2.8 percent higher to another record after reporting better-than-expected quarterly results. Japan™s Topix index rose 0.7 percent with electronics and machinery makers...

Apple to Build 2nd Campus, Hire 20,000 in $350B Pledge

Apple is planning to build another corporate campus and hire 20,000 workers during the next five years as part of a $350 billion commitment to the U.S. economy. The pledge announced Wednesday is an offshoot from the sweeping overhaul of the U.S. tax code championed by President Donald Trump and approved by Congress last month. Besides dramatically lowering the standard corporate tax rate, the reforms offer a one-time break on cash being held overseas. Apple plans to take advantage of that...

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