UPDATE 1-Turkey to allow forex real estate contracts for foreigners

(Adds lira, background) ISTANBUL, Nov 16 (Reuters) – Turkey will allow foreign citizens resident in the country to make real estate contracts in foreign currencies under a revision of regulations designed to support the Turkish currency, the Official Gazette said on Friday. In September, Turkey ruled that property sales, rental contracts and leasing transactions must be made in lira, halting […]

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JGBs steady as Brexit uncertainties support bonds

TOKYO, Nov 16 (Reuters) – Japanese government bond prices held steady on Friday as Brexit uncertainties fanned geopolitical concerns, supporting the broader debt markets. JGBs were also propped up after the Bank of Japan offered to buy 680 billion yen ($6.00 billion) of five- to 40-year bonds at a regular debt-purchasing operation. The 10-year JGB yield and the 30-year yield […]

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Goldman Sachs CEO ‘outraged’ over money-laundering scandal

Goldman Sachs’ new boss told employees in a voicemail blast he’s “outraged” about the Malaysian money-laundering scandal that has engulfed the Wall Street bank and is hammering its stock. In a Wednesday voicemail message to 40,000 of Goldman’s rank-and-file, newly minted Chief Executive David Solomon railed over the Justice Department’s indictment of former Goldman banker Roger Ng for money laundering […]

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New York Manufacturing Index Unexpectedly Indicates Faster Growth In November

A report released by the Federal Reserve Bank of New York on Thursday showed the pace of growth in New York manufacturing activity unexpectedly accelerated in the month of November. The New York Fed said its general business conditions index rose to 23.3 in November from 21.1 in October, with a positive reading indicating growth in regional manufacturing activity. Economists […]

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Singapore non-oil exports jump 8.3% in October

SINGAPORE – Singapore’s non-oil domestic exports (NODX) jumped 8.3 per cent in October over a year ago, extending September’s 8.1 per cent rise – thanks to an increase in non-electronic NODX which overweighed a continued dip in electronic domestic exports. Non-electronic NODX grew 12.8 per cent after rising 11.8 per cent in the previous month, while electronic NODX fell 3.5 […]

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Vivendi Q3 Revenues Up 5.5%

Vivendi SA (VIV.L,VIVEF.PK) reported that its revenues for third quarter of 2018 rose 5.5 percent to 3.384 billion euros from last year’s 3.207 billion euros, while it was up 5.6% at constant currency and perimeter. For the third quarter of 2018, Universal Music Group’s (UMG) revenues amounted to 1.495 billion euros, up 13.5% at constant currency and perimeter compared to […]

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'Serenity now, insanity later': Credit Suisse sends a warning on the Australian economy

Australia’s economy is humming like a well-oiled machine in 2018, growing at an annualised pace of more than 4 per cent in the first half of the year. Credit Suisse has painted a gloomy picture of the Australian economy. Credit:Daniel Munoz It’s been a stellar and somewhat unexpected rebound following sluggish growth last year, helping to fuel optimism about what […]

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