Asian shares were mostly lower while the dollar strengthened Thursday after the Fed said it would start trimming its bond holdings and planned one more interest rate increase this year.
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The sale would be one of Singapore’s biggest real-estate deals so far this year and would be BlackRock’s fourth property sale in the city-state since 2015.
Commonwealth Bank of Australia is considering spinning off its global asset-management unit after announcing a US$3 billion sale of its life-insurance businesses to AIA Group Ltd.
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The U.S. dollar shone while Asian shares slipped on Thursday after the U.S. Federal Reserve announced a plan to start shrinking its balance sheet and signalled one more rate hike later this year.
The Trump administration is making it more difficult for skilled foreigners to work in the United States, challenging visa applications more often than at
Oil markets dipped on Thursday, weighed down by rising crude inventories and production in the United States as well as a stronger dollar.
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