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South Korea central bank will only respond if won moves significantly

Seung-il Ryu | NurPhoto | Getty Images Lee Ju-yeol at the Korea Chamber of Commerce and Industry breakfast special lecture with business leaders in Seoul, November 17, 2015. South Korea’s central bank chief said on Thursday the bank will leave currency moves to marketforces, but would respond if changes in …

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Didi Chuxing Said to Buy 99 Uber’s Brazilian Rival

Michael Short | Bloomberg | Getty Images Jean Liu, president of Didi Chuxing Didi Chuxing, the Chinese ride-sharing company, has agreed to acquire full control of 99 — the main rival Brazilian rival to Uber and a company in which Didi already holds a stake — for around $600 million, …

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US crude oil just hit $61 a barrel for the first time since June 2015

Eddie Seal | Bloomberg | Getty Images Oil workers make a pipe connection on a drilling rig near Encinal, Texas. U.S. crude prices hit fresh highs on Wednesday, topping $61 a barrel for the first time in 2½ years, as a week of unrest in Iran continued. U.S. West Texas …

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South Korea offers cruise to ferry North Korea delegation to Olympics

Jung Yeon-je | AFP | Getty Images A South Korean worker sets up a cable at the Olympic Stadium, the venue of the opening and closing ceremony for the Pyeongchang 2018 Winter Olympic Games, in Pyeongchang, South Korea, on Dec. 12, 2017. South Korea is willing to roll out more …

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Spotify hit with $1.6 billion copyright lawsuit

Andrew Burton | Getty Images Daniel Ek, CEO and Founder of Spotify Music streaming company Spotify was sued by Wixen Music Publishing Inc last week for allegedly using thousands of songs, including those of Tom Petty, Neil Young and the Doors, without a license and compensation to the music publisher. …

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Fugitive Vietnamese tycoon remains in Singapore, lawyer says

Nicky Loh | Bloomberg | Getty Images A tourist boat travels past the city skyline in Singapore, on July 12, 2017. A Vietnamese tycoon detained in Singapore last week remains in the city-state, one of his lawyers said on Wednesday, easing his family’s immediate fears that he could face the …

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China consumer stocks will do well in 2018: Expert

Zhang Peng | LightRocket | Getty Images A man choosing chocolates in Shanghai, China. Chinese consumer stocks should do “really well” in 2018, Jonathan Fenby, China chairman at TS Lombard, told CNBC on Tuesday. Fenby reasoned that this was due to the Chinese government’s policies. “If you believe in the …

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Markets testing Fed as the dollar falls against euro, gold,

Carlos Barria | Reuters President Donald Trump, left, and Jerome Powell, the new chairman of the Federal Reserve on Thursday, Nov. 2, 2017. The dollar has limped into 2018, slumping to a four-month low against a strengthening euro on Tuesday. The move reflected the trend across 2017 that saw the …

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Compass Group CEO seaplane to be raised by Australian investigators

Matthew Lloyd | Bloomberg | Getty Images Richard Cousins, chief executive officer of Compass Group Plc, gestures during an interview in London, U.K., on Wednesday, Oct. 1, 2014. The U.K. economy grew faster than estimated in the second quarter, extending a recovery from a recession that was not as severe …

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South Korea offers high-ranking government talks with North Korea next week

Korea Pool | Getty Images North Korean soldiers look at South next to a spot where a North Korean defected crossing the border as South Korean Defense Minister Song Young-moo visits on Nov. 27, 2017 in Panmunjom, South Korea. South Korean Unification Minister Cho Myong-gyon offered on Tuesday high-ranking government …

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