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Chinese spend billions on Singles’ Day

BEIJING: Chinese shoppers unleashed a record deluge of cash online for Singles Day on Friday, Alibaba said, spending almost $18 billion with the e-commerce giant in the world's biggest online shopping promotion. Singles' Day -- named for…

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asia Monday as dealers await fresh leads from top crude consumer the United States, while analysts warned there were likely still further losses losses to come.