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Trump supports free press but will call out false reports: Pence
Trump supports free press but will call out false reports: Pence

U.S. President Donald Trump believes in a free and independent press but he will not hesitate to point out flawed reporting, the U.S Vice President Mike Pence said on Monday. "Rest assured the president and I both strongly support a free and independent press but you can anticipate that the president and all of us will continue to call out the media when they play fast and loose with the facts," Pence told a news conference at the NATO headquarters in Brussels. "When the media gets it wrong, President Trump will take his case straight to the American people to set the record straight," he added.

The geekiest signs from the
The geekiest signs from the 'Stand up for Science' rally

At a rally full of scientists, things were bound to get a bit geeky. On Sunday, thousands scientists and supporters gathered in Boston's Copley Square to "stand up for science" under the Trump administration.  Their signs were, predictably, quite clever.  My favorite sign so far. #standupforscience pic.twitter.com/2pSlU5UPdz - Tomas Green (@TomasWGreen) February 19, 2017 I can't tell you how many older people have come up to me today to say, "I remember polio. Thank you." #standupforscience #AAASmtg pic.twitter.com/hrkIY3d5wh - Kathleen Bachynski (@bachyns) February 19, 2017 #standupforscience (and other essentials) pic.twitter.com/Hy1buB2IWY - Karin...

Expect more fake news from Russia, top NATO general says
Expect more fake news from Russia, top NATO general says

By Robin Emmott MUNICH (Reuters) - Russia was behind a false report of a rape by German soldiers in Lithuania that was intended to undermine support for NATO's new eastern force, a senior NATO general said on Saturday, warning Europe to expect more such "fake news". Petr Pavel, who heads NATO's military committee, said he also hoped to hold the first telephone call in more than two years with Russia's military chiefs in coming weeks.

Philippine Church in
Philippine Church in 'show of force' against drug killings

Thousands of Catholic faithful gathered in the Philippine capital on Saturday for a "show of force" in the biggest rally yet to stop extrajudicial killings in President Rodrigo Duterte's drug war. More than 6,000 people have died since Duterte took office seven months ago and ordered an unprecedented crime war that has drawn global criticism for alleged human rights abuses, but is popular with many in the mainly Catholic country. Members of one of the nation's oldest and most powerful institutions chanted prayers and sang hymns as they marched to condemn a "spreading culture of violence".

US STOCKS-Dow Jones barely notches sixth straight record high close

The Dow Jones Industrial Average scored its sixth straight record high on Thursday, but just barely, while the S&P 500 edged lower due to declining energy stocks. It was a mixed day on wall Street as investors ...

US STOCKS-Wall Street rally loses steam as banks and energy weigh

Wall Street dipped on Thursday, weighed down by energy stocks as oil prices dropped and banks fell broadly for the first time in six days. Wells Fargo, Bank of America, JPMorgan and Citigroup weighed more ...

The dissonance between Vogue and Teen Vogue is finally too loud to ignore
The dissonance between Vogue and Teen Vogue is finally too loud to ignore

In the Trump era, Teen Vogue has become a rallying point of the resistance. But its big sister has ... not.  Vogue 's history of tone deafness got worse this week when it released photos from an upcoming fashion editorial featuring supermodel Karlie Kloss dressed as a geisha complete with yellowface.  You'd think most magazines would know better by now, then again, what is 2017 but a year of regression? If any of Vogue 's high-fashion competitors - Harper's Bazaar , W , or Town & Country , for example - had a similar lapse in judgment, the magazine would likely issue a statement and try to move on.  Then there's Teen Vogue. The teen magazine shares Vogue...

Cisco helps Wall Street extend streak of record highs
Cisco helps Wall Street extend streak of record highs

(Reuters) - U.S. stocks eked out enough gains at the open on Thursday for the Dow and the Nasdaq to hit all-time intraday highs for the sixth session in a row, helped by gains in technology and energy companies. The Dow Jones Industrial Average was up 21.59 points, or 0.1 percent, at 20,633.45, the S&P 500 was up 1.4 points, or 0.06 percent,4 percent, at 2,350.65 and the Nasdaq Composite was up 8.30 points, or 0.14 percent, at 5,827.74.

Pharma group Shire produces top-of-the-range earnings

Pharmaceuticals group Shire (Hamburg: 3979575.HM - news) on Thursday said it was extremely optimistic about long-term growth after reporting a 12 percent rise in earnings for the past year in which it made its largest ever acquisition. Chief Executive Flemming Ornskov said Shire (Xetra: S7E.DE - news) had delivered record product sales and earnings in a year when it bought haemophilia drugs company Baxalta (Xetra: 9BX.DE - news) for $32 billion and launched a new medicine for dry eye disease. Total (LSE: 524773.L - news) product sales would rise to $14.5-14.8 billion this year, up from $10.9 billion, Shire said, and earnings per share would rise to $14.60-$15.20.

China relaxes trading rules on stock index futures
China relaxes trading rules on stock index futures

By Samuel Shen and Nicholas Heath SHANGHAI/BEIJING (Reuters) - China's securities regulator said late on Thursday it will relax certain rules on stock index futures trading as the government starts to gradually unwind restrictions imposed during the 2015 stock market crash. Starting on Friday, rules restricting "excessive trading" in stock index futures will be eased, doubling the previous daily cap of 10 contracts to 20. In addition, margin requirements and trading fees for the derivative trading will also be lowered.

World stocks ride to record high, dollar retreats
World stocks ride to record high, dollar retreats

By Marc Jones LONDON (Reuters) - World stocks hit an all time high on Thursday as the latest round of robust global data matched hopes that major economies like the United States will soon be serving up large helpings of fiscal stimulus. MSCI's All Country World index, which spans 46 countries, notched the milestone as Wall Street hit its latest record and Asia and Europe consolidated the roughly 10 percent gains both have made since mid-December. There were surges in exports from Indonesia and Taiwan, falls in unemployment in Europe from Sweden to the Netherlands while stronger U.S. retail sales and inflation data on Wednesday came as Donald Trump again promised mass tax cuts.

Lenovo targets profitable mobile division by year-end after third-quarter earnings drop
Lenovo targets profitable mobile division by year-end after third-quarter earnings drop

By Sijia Jiang HONG KONG (Reuters) - The mobile division of China's Lenovo Group Ltd is "on track" to return to profit by December at the earliest helped by strong growth in overseas markets, its chairman said on Thursday after the firm posted a 67 percent drop in quarterly earnings. Yang Yuanqing also dismissed the possibility of selling the struggling division to focus on the personal computer (PC) market where Lenovo is the world's biggest maker by shipments, as widely proposed by analysts and company watchers. "No, that is not my plan," Yang said in an interview.

Trump
Trump's War with Intelligence Agencies Escalates Dangerously

The ongoing clash between President Donald Trump and the Intelligence Community appears to be reaching a dangerous crescendo with a pair of reports out Thursday morning that suggest unsustainable levels of mistrust and acrimony between the White House and the agencies charged with keeping the country safe. Intelligence officials have begun holding back information in the daily briefing Trump is supposed to receive about threats to national security, according to The Wall Street Journal. The report stresses that the information being kept from Trump is related to the sources and methods used to gather intelligence, not about the actual threats themselves.

Market Report: Lancashire Holdings has best ever day on market as numbers leave forecasts in the shade
Market Report: Lancashire Holdings has best ever day on market as numbers leave forecasts in the shade

Insurer Lancashire Holdings notched up its best day on the stock market as shares surged on better-than-expected annual results. The FTSE 250 company managed to blow analyst forecasts out of the water for the final three months of the year despite turbulence in the industry. UBS analysts had pencilled in a sharp fall, but admitted the result had come in about $20 million, or 64%, higher than they expected as Lancashire "side-stepped some of the larger losses in the market".

Snapchat slashes valuation by billions ahead of stock market flotation
Snapchat slashes valuation by billions ahead of stock market flotation

The owner of Snapchat has set the valuation on its initial public offering at between between $16.2bn and $18.5bn (£13bn - £14.8bn), significantly below expectations of between $20bn and $25bn, the BBC has reported. It could be the biggest technology IPO since Alibaba raised a record $25bn in 2014. Snap is the first US social-media company to go public since Twitter debuted more than three years ago.

Pharma group Shire posts earnings rise at top of guidance

LONDON (Reuters) - Pharmaceuticals group Shire reported a 12 percent rise in full-year earnings after what it said was a transformational year marked by its largest acquisition to date, adding that it is extremely optimistic on long-term growth prospects. The London-listed company posted non-GAAP diluted earnings per share of $13.10 on Thursday, right at the top of its guidance, on revenue up 78 percent to $11.4 billion (9 billion pounds). (Reporting by Paul Sandle; Editing by David Goodman)

Pharma group Shire posts earnings rise at top of guidance

Pharmaceuticals group Shire reported a 12 percent rise in full-year earnings after what it said was a transformational year marked by its largest acquisition to date, adding that it is extremely optimistic ...

Lenovo targets profitable mobile division by year-end after Q3 earnings drop

* No plan to sell mobile division -chairman * Q3 net profit $98 mln vs $160 mln analyst view * Mobile division books flat Q3 operating loss vs Q2 * PC revenue rises 2 pct on yr, market share hits 22.4 pct (Adds chairman interview, context) HONG KONG, Feb 16 (Reuters) - The mobile division of China's Lenovo Group Ltd is "on track" to return to profit by December at the earliest helped by strong growth in overseas markets, its chairman said on Thursday after the firm posted a 67 percent drop in quarterly earnings. Yang Yuanqing also dismissed the possibility of selling the struggling division to focus on the personal computer (PC) market where Lenovo is the world's biggest maker by...

World stocks hit fresh record highs and pound edges above $1.25 as optimism improves
World stocks hit fresh record highs and pound edges above $1.25 as optimism improves

Asian stocks hits fresh 19-month highs buoyed by ongoing rally on Wall Street European bourses skid into negative territory Pound edges back up towards $1.25  FTSE 100 retreats from one-month high Investors eye ECB meeting minutes World stocks hit fresh record high Why has the FTSE 250 hit a record high and is it still the best gauge of domestic sentiment?  ​ 9:30AM Defence group Cobham takes huge writedown and warns it cannot forecast 2017 performance

Sensex, Nifty off to a steady start led by TCS and SBI
Sensex, Nifty off to a steady start led by TCS and SBI

The Indian stock market caught up with the global market up trend as Asian stocks edged up to fresh 19-month highs on Thursday after a Wall Street rally on the back of as strong US data.

Drax earnings fall on weak power prices, loss of green scheme revenue
Drax earnings fall on weak power prices, loss of green scheme revenue

LONDON (Reuters) - British power producer Drax reported a 17 percent fall in core annual earnings to 140 million pounds ($175 million), slightly below analysts' estimates, citing weak power prices and the loss of revenue from a green energy scheme. Full-year earnings before interest, tax, depreciation and amortisation (EBITDA) were 140 million pounds, against 169 million pounds in 2015 and consensus analysts' forecast of 143 million pounds, the company said on Thursday. ...

Drax earnings fall on weak power prices, loss of green scheme revenue

British power producer Drax reported a 17 percent fall in core annual earnings to 140 million pounds , slightly below analysts' estimates, citing weak power prices and the loss of revenue from a green ...

Snap sets valuation at lower end of expectation - WSJ
Snap sets valuation at lower end of expectation - WSJ

(Reuters) - Snap Inc, the owner of the popular messaging app Snapchat, has set a valuation range for itself of $19.5 billion (15.65 billion pounds) to $22.2 billion in its initial public offering, the Wall Street Journal reported, citing sources. The valuation range, which represents $14 to $16 per share, is close to the lower end of the expected range of $20 billion to $25 billion, the Journal reported. Snap Inc filed its IPO registration statement in early February and was expected to record the biggest valuation in a U.S. technology IPO since Facebook Inc .

Snap sets valuation at lower end of expectation - WSJ

(Reuters) - Snap Inc, the owner of the popular messaging app Snapchat, has set a valuation range for itself of $19.5 billion to $22.2 billion in its initial public offering, the Wall Street Journal reported, citing sources. The valuation range, which represents $14 to $16 per share, is close to the lower end of the expected range of $20 billion to $25 billion, the Journal reported. Snap Inc filed its IPO registration statement in early February and was expected to record the biggest valuation in a U.S. technology IPO since Facebook Inc. The company had confidentially registered with the U.S. Securities and Exchange Commission late last year for an IPO.

Most Asian stock markets gain following a positive Wall Street close overnight
Most Asian stock markets gain following a positive Wall Street close overnight

Most Asian stock market indices were trading higher on Thursday (16 February), with the Shanghai Composite up 0.37% at 3,224.98 as of 5.23am GMT. The bullish trend follows a positive overnight close on the Wall Street.

Asian stocks at one-and-a-half year highs on robust Wall St; dollar retreats
Asian stocks at one-and-a-half year highs on robust Wall St; dollar retreats

By Saikat Chatterjee HONG KONG (Reuters) - Asian stocks edged to new 19-month highs on Thursday with gains underpinned by an ongoing rally on Wall Street while the dollar came in for a bout of profit-taking after its recent bounce. MSCI's broadest index of Asia-Pacific shares outside Japan rose

Asia stocks seen looking overvalued at 19-month highs, Aussie dollar shines
Asia stocks seen looking overvalued at 19-month highs, Aussie dollar shines

By Saikat Chatterjee HONG KONG (Reuters) - Asian stocks edged to new 19-month highs on Thursday with gains underpinned by an ongoing rally on Wall Street while the dollar came in for a bout of profit-taking after its recent bounce. MSCI's broadest index of Asia-Pacific shares outside Japan rose

Gizmodo fishes for government leaks with hyper-targeted Facebook ads
Gizmodo fishes for government leaks with hyper-targeted Facebook ads

The rank-and-file of Donald Trump's administration have proven especially eager to dish on their boss to the press. One news outlet is looking to take advantage of the fountain of leaks with a set of Facebook ads aimed at federal employees. SEE ALSO: Why it's important to know what Trump is doing with that smartphone Gizmodo, the new face of the former Gawker media empire, is using the social network's hyper-targeted advertising options to zero in on people who list certain government agencies as employers, the Wall Street Journal reported. The ads direct users to a standalone site, TellOnTrump.com, where they can find instructions to securely beam out classified...

Spotify to relocate, more than double U.S workforce: New York state governor
Spotify to relocate, more than double U.S workforce: New York state governor

Swedish music streaming service Spotify will move its U.S headquarters and more than double its workforce in the country by next year, New York governor Andrew Cuomo said on Wednesday. Spotify, one of Europe's most highly valued venture-backed startups, which is reportedly considering a potential U.S. stock market listing, has not yet shown a profit as it spends to grow internationally. The firm will move its New York office to the World Trade Center from the Midtown South area of Manhattan, adding more than 1,000 new jobs while retaining 832, the governor said in a statement.

Play of the day: Under Armour CEO publicly wallows in regret for Trump comments
Play of the day: Under Armour CEO publicly wallows in regret for Trump comments

After a week of blisteringly bad press, Under Armour CEO Kevin Plank is second-guessing his word choice when it comes to Donald Trump.   Plank bought a full-page ad in the Baltimore Sun on Wednesday to walk back his praise for the president. SEE ALSO: Under Armour CEO endorses Trump, Twitter users endorse shopping elsewhere The sportswear exec spoke glowingly of Trump in a CNBC appearance last Tuesday, asserting that he is, among other things, a "real asset to the country." Plank claims in the text of the ad that his words "did not accurately reflect his intent." He goes on to list each of the points on which his shoe company and the commander-and-chief might not see...

Spotify to relocate U.S. headquarters to 4 World Trade Center
Spotify to relocate U.S. headquarters to 4 World Trade Center

(Reuters) - New York Governor Andrew Cuomo said on Wednesday Swedish music service company Spotify will expand its U.S. headquarters and relocate it to 4 World Trade Center, creating more than 1,000 new jobs and retaining 832 jobs. Spotify, which currently has offices in the Midtown South area of Manhattan, will move its New York office to the 378,000 square feet of office space owned by Silverstein Properties Inc in early 2018, Cuomo's statement said. Spotify, one of Europe's most highly valued venture-backed startups, is reportedly considering a potential U.S. stock market listing.

Wall Street flat ahead of Yellen after data ups rate hike odds
Wall Street flat ahead of Yellen after data ups rate hike odds

U.S. stocks were little changed on Wednesday, although the Dow and the Nasdaq managed to eke out record intraday highs, as investors assessed a spate of strong economic data and awaited Federal Reserve Chair Janet Yellen's testimony. Yellen's testimony before the House Financial Services Committee starts at 10:00 a.m. ET and comes a day after she said delaying a rate hike would be unwise, without indicating when the Fed would pull the trigger.

US STOCKS-Wall Street rises further into uncharted territory

Wall Street pushed further into record-high territory on Wednesday, with the S&P 500 notching a seven-session winning streak, helped by a round of robust economic data and ongoing optimism that President Donald Trump will cut corporate taxes. In a meeting with top executives from U.S. retail companies, Trump said he would lower taxes substantially and simplify the tax code, echoing a vow he made last week and on the campaign trail. The S&P 500 recorded its fifth straight record close and its longest non-stop winning streak since September 2013, even as some investors worried that Trump so far has provided no substantial details of his tax plan.

US STOCKS-Wall Street rises further into uncharted territory

Wall Street pushed further into record-high territory on Wednesday, with the S&P 500 on track for a seven-session winning streak, helped by a round of robust economic data and ongoing optimism that President Donald Trump will cut corporate taxes. In a meeting with top executives from U.S. retail companies, Trump said he would lower taxes substantially and simplify the tax code, echoing a vow he made last week and on the campaign trail. The S&P 500 was on track for its fifth straight record close, even as some investors worried that Trump so far has provided no substantial details of his tax plan.

US STOCKS-Wall Street rises further into uncharted territory

Wall Street pushed further into record-high territory on Wednesday, with the S&P 500 on track for a seven-session winning streak for the first time since 2013 after President Donald Trump repeated his promise of tax cuts. In a meeting with top executives from U.S. retail companies, Trump said he would lower taxes substantially and simplify the tax code, echoing a vow he made last week. The S&P 500 was on track for its fifth straight record close, even as some investors worried that Trump so far has provided no substantial details of his tax plan.

Teck shares slide on coal demand woes despite earnings beat

By Susan Taylor and Nicole Mordant TORONTO/VANCOUVER (Reuters) - Canadian miner Teck Resources Ltd reported a better-than-expected quarterly profit on Wednesday, lifted by a surge in the price of coal for steelmaking, but weaker demand at the start of the year spooked investors, sending its shares lower. Teck, North America's largest producer of steelmaking - or coking - coal, said that inquiries from buyers had picked up recently and that it expects sales to be weighted toward the second half of this quarter after a slow start. "I actually feel much better today than I did three weeks ago," Teck Chief Executive Donald Lindsay said on a conference call.

FTSE hits one-month high on stronger financials and miners
FTSE hits one-month high on stronger financials and miners

By Helen Reid LONDON (Reuters) - Britain's top share index climbed to a new one-month high on Wednesday as investors bet on financial stocks after U.S. Federal Reserve Chief Janet Yellen's hawkish tone suggested U.S. interest rates would rise. A rally in mining shares on the back of stronger metals prices also lent some support to the broader stock market. The blue-chip FTSE 100 index closed 0.5 percent higher after setting its highest level since mid-January. Both the mid-cap and small-cap indexes hit all-time highs, maintaining momentum from Tuesday's session. ...

European bank shares climb to three-week high in earnings-driven trade

European shares ended higher on Wednesday in another session dominated by earnings, as French lender Credit Agricole led banking stocks to a three-week high. The pan-European STOXX 600 index rose 0.3 percent ...

Janet Yellen questions Donald Trump
Janet Yellen questions Donald Trump's wisdom over spiking Dodd-Frank Act

Chairwoman of the US Federal Reserve Janet Yellen questioned the logic President Donald Trump's economic policies and refused to back his attempts to roll back the country's Dodd-Frank Act, which was passed in the wake of the 2008-09 global financial crisis to keep Wall Street banks in line. Trump has branded the Dodd-Frank Act as an onerous regulatory "disaster" responsible for stunted bank lending to American businesses. The President has also vowed to do a "big number" on the Act, claiming it has failed to address the 'Too Big To Fail' problem on Wall Street, laid bare by a string of government bailouts of financial institutions at the height of...

FTSE 100 smashes 7,300 and pound slides to one week low as UK earnings growth slows
FTSE 100 smashes 7,300 and pound slides to one week low as UK earnings growth slows

Dollar index hovers near three-week high Asian stocks hit 19-month high after Yellen puts March rate hike in play European bourses open in positive territory Pound languishes below $1.25 as dollar strengthens Investors eye UK wage growth FTSE 250 scales new record high for seventh successive day  9:38AM Breaking: UK earnings growth slows, employment edges back up

Goldman Sachs shares hit ten-year high as Donald Trump fills team with the bank
Goldman Sachs shares hit ten-year high as Donald Trump fills team with the bank's former employees

Goldman Sachs has had a phenomenal run since Donald Trump's November election victory. Its shares have been Wall Street's leading performers and hit a ten-year high close on Tuesday as investors banked on friendly policies coming from a White House filled with several former Goldman employees. Traders have bet on Donald Trump's policies boosting the US economy, and his plans to tear up costly Wall Street regulation raising banks' profits.

GLOBAL MARKETS-World stocks head towards record high on Yellen, U.S. outlook

World stocks rose to a whisker off all-time highs on Wednesday and the dollar rose for the 11th straight day following Federal Reserve Chair Janet Yellen's flagging of a possible interest rate rise next month. The dollar notched up its longest winning streak in almost five years after Yellen said on Tuesday the Fed would probably need to raise rates at an upcoming meeting and that delaying could leave the central bank's policymaking committee behind the curve. Propelled by record highs on Wall Street, MSCI (Frankfurt: 3HM.F - news) 's benchmark global equity index rose 0.25 percent to 442.4 points , its highest since May 2015 and two points off its record high.

Twitter
Twitter's chief Jack Dorsey shows faith with $7 million Valentine's shares buy

Twitter's founder Jack Dorsey has splurged $7 million (£5.6 million) on stock in the struggling social network which has just missed Wall Street revenue expectations and suffered grindingly slow user growth.

European banks hit three-week high in earnings-driven trade
European banks hit three-week high in earnings-driven trade

LONDON (Reuters) - European shares rose in early trade on Wednesday as French lender Credit Agricole led banking stocks higher and earnings provided a boost. The pan-European STOXX 600 index was up 0.3 percent in early trade with the European banking index the top-gaining sector, up 1.2 percent. Shares in Credit Agricole jumped 3.2 percent after France's biggest retail bank beat forecasts with a smaller than expected earnings drop in the fourth quarter. Banking stocks were also helped by hawkish rhetoric from U.S. ...

European banks hit three-week high in earnings-driven trade

European shares rose on Wednesday in another session dominated by earnings, as French lender Credit Agricole led banking stocks to a three-week high. The pan-European STOXX 600 index was up 0.4 percent with the banking index the top sector, up 1.7 percent.

Facebook launches app for watching its videos on TV
Facebook launches app for watching its videos on TV

The Wall Street Journal reported last month that Facebook was creating an app for TV set-top boxes that would bring the company closer to live video and video advertisements.

Banks and earnings power European shares

European shares rose in early trade on Wednesday as French lender Credit Agricole led banking stocks higher and earnings provided a boost. The pan-European STOXX 600 index was up 0.3 percent in early trade ...

Tata Motors profit plummets by 96% over note ban, lower JLR earnings
Tata Motors profit plummets by 96% over note ban, lower JLR earnings

Tata Motors saw its net profit plunge 96 per cent during the October-December quarter as earnings at its British luxury carmaker Jaguar Land Rover (JLR) fell sharply and losses piled up in its domestic business.

Asia stocks at 19-mth high, dollar up as Yellen puts March rate hike in play
Asia stocks at 19-mth high, dollar up as Yellen puts March rate hike in play

By Shinichi Saoshiro TOKYO (Reuters) - Asian stocks scaled 19-month peaks on Wednesday, helped by a record-setting night on Wall Street after Federal Reserve Chair Janet Yellen flagged a possible interest rate rise next month, keeping the dollar near three-week highs. Yellen said on Tuesday the Fed would probably need to raise interest rates at an upcoming meeting, and that delaying rate increases could leave the central bank's policymaking committee behind the curve. "The market took heart from Yellen's comments and such positive sentiment will likely last throughout the day," said Takuya Takahashi, a strategist at Daiwa Securities.

Sensex, Nifty open flat; Tata Motors fall nearly 8% followed by Sun Pharma
Sensex, Nifty open flat; Tata Motors fall nearly 8% followed by Sun Pharma

Financial stocks on Wall Street rose with the S&P 500 closing at a record high for the fourth consecutive session on Tuesday which was carried on as the Asian stocks opened to a firmer start on the back of a strong dollar.

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