Money Digest

Markets rise as China, US avert trade war

Asian and European markets mostly rose Monday after the US and China said they had agreed to hold off imposing tariffs, averting a damaging trade war, at least for now.

May 22 2018

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Ryanair predicts profits fall on oil prices

Ryanair is forecasting a drop in profits on surging oil prices, the no-frills Irish airline said Monday after it posted a 10-percent jump in annual earnings despite a crisis that forced it to cancel thousands of flights. “Our outlook... is on the pessimistic side of cautious,” Ryanair said in a statement.

May 22 2018

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Japan-US trade surplus edges up

Japan’s politically sensitive trade surplus with the US edged up in April, government data showed Monday, after Tokyo warned it may take retaliatory measures against US tariffs.

May 22 2018

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Betting firm bet365 to expand in Malta

British online betting company bet365 said Monday it plans to expand in Malta but vowed keep its “strong presence” in Gibraltar where it is based, amid concerns Brexit could cause on exodus of gaming firms from the territory.

May 22 2018

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Kremlin hits back at UK after new report

The Kremlin on Monday accused Britain of unprecedented “anti-Russian mania”, warning such an attitude could backfire and scare off other foreign investors.

May 22 2018

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Bulgaria’s rose surplus crushes petal prices

Everything is not coming up roses for Bulgaria’s petal traders. A particularly abundant harvest this year has sent the price of Bulgarian rose petals crashing, leaving producers in the Rose Valley in the Balkans fearing for their livelihoods.

May 22 2018

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