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Stocks under pressure as Zelenskyy-Trump talks underway

NEW YORK — Shares in Europe largely dipped Monday while Wall Street treaded water, as Ukrainian President Volodymyr Zelenskyy and European leaders met with US President Donald Trump in Washington on ending the war with Russia. In New York, the broad-based S&P 500 and tech-heavy Nasdaq closed flat, while the …

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Hong Kong property sector clouded by rising debt repayment risks

HONG KONG — Hong Kong’s debt-laden developers and their creditors are set to face intensifying financial pressure as bond maturities are slated to jump by nearly 70 percent next year amid falling sales and valuations for the city’s economically crucial property sector. Buildings stand in Hong Kong, China, on Feb. …

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Oil market seen bearish after Trump-Putin Alaska meeting

LONDON — Oil markets are set for a muted price reaction when they open on Sunday after United States President Donald Trump’s and Russian leader Vladimir Putin’s meeting in Alaska, at which Trump said a fully fledged peace deal was the aim for Ukraine rather than a ceasefire Trump said …

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Philippines seen growing below government target

Pantheon Macroeconomics sees Philippine economic growth slowing in the second half (STAR / File) MANILA, Philippines — United Kingdom-based think tank Pantheon Macroeconomics is keeping its gross domestic product (GDP) growth forecast for the Philippines at 5.3 percent this year as it expects economic growth to slow in the second …

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Aramco signs $11-B deal with BlackRock-led GIP

SAUDI Aramco signed an $11-billion lease and leaseback agreement involving its Jafurah gas processing facilities with a consortium led by Global Infrastructure Partners (GIP), part of BlackRock, it said on Thursday. Under the deal, a newly formed subsidiary, Jafurah Midstream Gas Company (JMGC), will lease development and usage rights for …

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Shein’s UK sales surge to $2.8B in 2024

LONDON — Shein’s British business made 2.05 billion pounds ($2.77 billion) in sales in 2024, a 32.3-percent increase from the previous year, a filing by the online fast-fashion retailer showed early on Friday. Shein does not report global results publicly, but the filing sheds light on its growth in Britain, …

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Epic Games wins victory in court

Epic Games (Image via Getty Images) MELBOURNE, Australia — Epic Games, the company behind the popular online game “Fortnite,” on Tuesday won a partial victory in an Australian court. The case was brought by US billionaire chief executive Tim Sweeney, who claimed that Google and Apple engaged in anticompetitive conduct …

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