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Samsung Electronics shares slide as Note 7 recall takes toll

00SEOUL Samsung Electronics Co Ltd’s (005930.KS) shares fell to their lowest level in nearly two months on Monday after the tech giant told customers to switch off and return their new Galaxy Note 7 smartphones due to fire-prone batteries. Investors had wiped 15.9 trillion won (14.3 billion) off the South Korean firm’s market capitalization as…

Global stocks, bonds suffer central bank anxiety attack

00SYDNEY Asian shares suffered their sharpest setback since June on Monday as investors were rattled by rising bond yields and talk the Federal Reserve might be serious about lifting U.S. interest rates as early as next week. European bourses were also tipped to open with losses stretching from 1.4 percent for the FTSE .FTSE to…

Gold near two-month lows on rate hike worries

00LONDON Gold on Wednesday held near two-month lows hit in the previous session, with the dollar firm after upbeat U.S. data and as investors waited for nonfarm payroll numbers later this week for clues on the timing of a Federal Reserve rate hike. Spot gold was little changed at $1,310.48 per ounce at 0104 GMT….

Dollar rises to two-week high ahead of U.S. jobs data

00NEW YORK The dollar strengthened on Tuesday to a two-week high against a basket of currencies as investors looked ahead to crucial jobs data this week for clues on when the Federal Reserve will next raise interest rates. Hawkish comments on Friday by Fed Chair Janet Yellen and Vice Chair Stanley Fischer have increased expectations…

Turnall downsizes after slumping to $1.8 mln loss

00HARARE Turnall Holdings has re-sized its business operations to align with the current level of working capital while seeking further funding. The move which is directed at cutting operational costs entails the subsequent placement of its Harare sheet making plant under care and maintenance as well as retrenchment of staff. Turnall managing director Caleb Musodza…

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