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POPULAR NEWS
Gold prices settle up by more than 1% for the week; palladium futures log another record

Gold prices climbed Friday to tally a 1.2% gain for the week. U.S. and European benchmark stock indexes declined and the dollar fell for the week, providing a boost to prices of the yellow metal. December gold climbed by $8, or 0.7%, to settle at $1,223 an ounce. Palladium futures, meanwhile, settled at another record on expectations for much stronger demand. R. Michael Jones, chief executive officer of Platinum Group Metals Ltd. December palladium added $17.20, or 1.5%, to finish at...

Stocks Turn Lower as Retail Drop Offsets Utilities

U.S. equity indexes fluctuated as a plunge in retail and technology stocks was partly offset by energy and utility gains. Treasuries climbed and the dollar retreated. The S&P 500 Index fell 0.2 percent as of 11:46 a.m. New York time.The S&P 500 Index turned lower as department-store chain Nordstrom Inc. declined on disappointing results, following letdowns from Macy™s Inc. and Dillard™s Inc. At the same time, California utilities PG&E Corp. and Edison International began to...

European stocks dragged lower by tech, Brexit concerns

European markets struggled Friday, finishing in the red and with chunky weekly losses, as concerns about the U.K.™s Brexit deal again hit top banks, and chip makers were dented after Nvidia Corp. warned on weaker sales ahead. The Stoxx Europe 600 closed 0.2% lower at 357.71, bringing the week™s losses to 2.2%. The French CAC 40 ended down 0.2% at 5,025.20, with a weekly slip of 1.6%, while Germany™s DAX 30 wrapped up the day off 0.1% at 11,341. The U.K.™s FTSE 100 dipped 0.3% to...

Hong Kong Shares Close Week on Positive Note (Review)

Hong Kong stocks finished the week with gains Friday, tracking a positive lead from Wall Street with energy firms supported by an uptick in oil prices. The Hang Seng Index rose 0.31 percent, or 80.19 points, to close at 26,183.53. The benchmark Shanghai Composite Index closed 0.41 percent, or 10.94 points higher at 2,679.11, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.84 percent, or 11.78 points, to finish at 1,410.18.

Dollar Falls as Fed's Clarida Says Interest Rates Near Neutral

The dollar fell on Friday after Richard Clarida, vice chairman of the Federal Reserve, said that interest rates were near neutral, but indicated that a December rate hike is still possible. The U.S. dollar index, which measures the greenback™s strength against a basket of six major currencies, fell 0.46% to 96.35, as of 10:17 AM ET (15:17 GMT). The dollar was lower against the safe-heaven Japanese yen, with USD/JPY falling 0.76% to 112.78 In times of uncertainty, investors tend to invest...

Russia: All 71 Onboard Killed in Plane Crash
Monday, 12 February 2018 11:01 WIB | GLOBAL |Global

All 71 people aboard a Russian passenger plane were killed when it crashed near Moscow, Russian officials said Sunday.

"Sixty-five passengers and six crew members were on board, and all of them died," Russia's office of transport investigations said in a statement. Three children were among the victims.

The seven-year-old plane disappeared from the radar just minutes after departing from the capital city's second largest airport, Domodedovo and was falling up to 6,700 meters per minute in the last seconds of the crash, flight-tracking site FlightRadar24 reported.

The An-148 regional jet, operated by Saratov Airlines, was traveling from Domodedovo, to the city of Orsk when it crashed near Argunovo, about 80 kilometers southeast of Moscow.

Russian President Vladimir Putin offered "his profound condolences to those who lost their relatives in the crash," his spokesman Dmitry Peskov said.

The crash site was covered in heavy snow, delaying access to the area as rescue workers had to park their cars and travel to the crash site on foot.

Russian Minister for Transport Maxim Sokolov told reporters Sunday that it was too early to draw conclusions, but that all potential reasons for the crash were being investigated by the Civil Aviation Committee.

Source : VOA

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POPULAR NEWS
Gold prices settle up by more than 1% for the week; palladium futures log another record

Gold prices climbed Friday to tally a 1.2% gain for the week. U.S. and European benchmark stock indexes declined and the dollar fell for the week, providing a boost to prices of the yellow metal. December gold climbed by $8, or 0.7%, to settle at $1,223 an ounce. Palladium futures, meanwhile, settled at another record on expectations for much stronger demand. R. Michael Jones, chief executive officer of Platinum Group Metals Ltd. December palladium added $17.20, or 1.5%, to finish at...

Stocks Turn Lower as Retail Drop Offsets Utilities

U.S. equity indexes fluctuated as a plunge in retail and technology stocks was partly offset by energy and utility gains. Treasuries climbed and the dollar retreated. The S&P 500 Index fell 0.2 percent as of 11:46 a.m. New York time.The S&P 500 Index turned lower as department-store chain Nordstrom Inc. declined on disappointing results, following letdowns from Macy™s Inc. and Dillard™s Inc. At the same time, California utilities PG&E Corp. and Edison International began to...

European stocks dragged lower by tech, Brexit concerns

European markets struggled Friday, finishing in the red and with chunky weekly losses, as concerns about the U.K.™s Brexit deal again hit top banks, and chip makers were dented after Nvidia Corp. warned on weaker sales ahead. The Stoxx Europe 600 closed 0.2% lower at 357.71, bringing the week™s losses to 2.2%. The French CAC 40 ended down 0.2% at 5,025.20, with a weekly slip of 1.6%, while Germany™s DAX 30 wrapped up the day off 0.1% at 11,341. The U.K.™s FTSE 100 dipped 0.3% to...

Hong Kong Shares Close Week on Positive Note (Review)

Hong Kong stocks finished the week with gains Friday, tracking a positive lead from Wall Street with energy firms supported by an uptick in oil prices. The Hang Seng Index rose 0.31 percent, or 80.19 points, to close at 26,183.53. The benchmark Shanghai Composite Index closed 0.41 percent, or 10.94 points higher at 2,679.11, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.84 percent, or 11.78 points, to finish at 1,410.18.

Dollar Falls as Fed's Clarida Says Interest Rates Near Neutral

The dollar fell on Friday after Richard Clarida, vice chairman of the Federal Reserve, said that interest rates were near neutral, but indicated that a December rate hike is still possible. The U.S. dollar index, which measures the greenback™s strength against a basket of six major currencies, fell 0.46% to 96.35, as of 10:17 AM ET (15:17 GMT). The dollar was lower against the safe-heaven Japanese yen, with USD/JPY falling 0.76% to 112.78 In times of uncertainty, investors tend to invest...

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