US stocks fall on tax cut doubts; oil shares hit

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NEW YORK: Wall Street stocks dropped on Tuesday (Nov 14) on nagging doubts about US tax reform and as worries about an oil glut hammered petroleum-linked shares. Analysts said key differences between the tax bills proposed by the US House and Senate could drag out the long-anticipated proposal, a … Powered by WPeMatico

Indian art market back in the black

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NEW DELHI: India’s art market has emerged from a blue period with a flourish, as prices rise and the world starts to take note of its modern treasures. Tycoons riding the country’s economic boom are helping to fuel record prices for works by the late abstract painter Vasudeo Gaitonde and other … Powered by WPeMatico

Private home sales fell 39.5% year-on-year in October

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SINGAPORE: Sales of new private home units fell 39.5 per cent in October from the same period a year ago, according to data released by the Urban Redevelopment Authority (URA) on Wednesday (Nov 15). Developers sold 758 private home units – excluding executive condominiums (ECs) – compared with 1 … Powered by WPeMatico

Muji Japan to slash prices on 40% of products

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SINGAPORE: Retail company Muji will slash prices on 40 per cent of its products – but only for stores in Japan. Muji Singapore confirmed this with Channel NewsAsia on Wednesday (Nov 15), following a Nikkei Asian Review report on Tuesday which said the store’s largest-ever markdown will take place … Powered by WPeMatico