US trade deficit rises to near six-year high

NEW YORK, Jan 6 (Reuters): The US trade deficit increased more than expected in November as imports of goods surged to a record high amid strong domestic demand, making it likely that trade will subtract from economic growth in the fourth quarter.The Commerce Department said on Friday the trade gap...

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Venezuela will issue $5.9b in oil-backed cryptocurrency

CARACAS, Jan 6 (Reuters): President Nicolas Maduro said on Friday that Venezuela would issue 100 million units of its new oil-backed cryptocurrency in coming days, although it is unclear whether any investors will want to purchase the "petro" at a time when the OPEC member is going through a deep...

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Higher prices dent gold demand in Asia

BENGALURU/MUMBAI, Jan 5 (Reuters): Physical gold demand across Asia remained subdued this week as prices rallied to a three-and-a-half-month high, keeping retail buyers away from the market.Gold prices hit 3-1/2-month highs on Thursday and were on track for a fourth straight weekly gain. Spot gold was down 0.36 per cent...

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