Thailand News
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Updated 2 hours, 25 minutes ago
Oil fell in New York and headed for the first weekly decline in four after Saudi Arabia denied a reported pipeline explosion in its Eastern province.
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Emerging-market stocks rose, with the benchmark index set for a third weekly gain, after U.S. jobless claims fell and amid speculation China may introduce policies to support growth at a national congress next week.
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Asia’s job markets are holding up even as the European crisis hurts exports, auguring stability in domestic demand that reduces the case for the region’s central banks to add monetary stimulus.
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Cove Energy Plc, the U.K. explorer that put itself up for sale, fell the most in five months after saying it will seek to clarify whether a holding in a Mozambique gas field would face a tax charge when the company is acquired.
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Emerging-market stocks rose, with the benchmark index set for a third weekly gain, after U.S. jobless claims fell and amid speculation China may introduce policies to support growth at a national congress next week.
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Asian currencies advanced for a third week after reports signaled a pickup in U.S. economic growth, spurring inflows into emerging-market assets.
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Mitsubishi Motors Corp.’s Thailand unit signed a 25 billion baht ($819.7 million) commitment line to finance operations, the carmaker said in a statement today.
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CIMB Group Holdings Bhd., Malaysia’s second-biggest lender, plans to keep the majority of the 150 Australia-based staff currently employed in the divisions of Royal Bank of Scotland Group Plc that it seeks to acquire.
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Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of 10:29 a.m. in Bangkok.
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Thailand’s baht headed for its first weekly drop in more than a month on speculation businesses importing equipment to rebuild factories after last year’s floods will step up dollar purchases. Bonds fell.
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