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Oil soars on OPEC hopes, dollar renews its surge

LONDON: Oil jumped more than 6 per cent and the dollar, US bond yields and stocks all pushed higher on Wednesday as signals from OPEC suggested the group was closing in on a deal to cut production. Combined with fresh concern about…

World Bank arm for poorest enters capital markets

WASHINGTON: The arm of the World Bank serving the poorest countries has received its first-ever public credit ratings, allowing it to borrow on international capital markets, the global lender announced Thursday.

Nintendo shares plunge on Pokemon Go warning

TOKYO, JAPAN: Shares in Nintendo plunged Monday after it warned that the Pokemon Go mania sweeping the world would not translate into bumper profits, taking the wind out of a dizzying rally that saw the firm's value more than double.