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Wall Street advances as trade optimism gathers steam

Saturday, December 1, 2018, 8:32 PM

Wall Street extended its gains on Friday after a Chinese official's optimistic remarks boosted investor hopes about U.S.-China trade talks as the G20 meeting in Buenos Aires opened. The S&P 500 was poised to post its biggest weekly percentage gain in almost 6 years. The Dow and the Nasdaq were set to record their largest weekly advances in 2 years and 9 months, respectively.
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China supports Saudi Arabia in economic and social change: Xi

Saturday, December 1, 2018, 8:30 PM

Stability in Saudi Arabia is the cornerstone of prosperity and progress in the Gulf, and China firmly supports Riyadh in its drive for economic diversification and social reform, President Xi Jinping told Saudi Crown Prince Mohammed bin Salman. China also has good relations with Saudi's regional rival, Iran, and has long had to balance its ties between Riyadh and Tehran.
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Police search offices of Deutsche Bank board members

Saturday, December 1, 2018, 8:25 PM

Police have searched the offices of all the members of Deutsche Bank's board as-part-of an investigation into money laundering allegations linked to Panama Papers, a source told Reuters. Shares in Germany's largest bank ended 2.9 percent lower, after hitting a record low earlier in the day, as a raid that began on Thursday at the bank's towering Frankfurt headquarters extended into a second day.

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