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Global Stocks Rise, Copper Soars In Thin Holiday Volumes

Global Stocks Rise, Copper Soars In Thin Holiday Volumes

European stocks are steady in post-Christmas trading if struggling for traction after a mixed session in Asia, amid trading thinned by a holiday-shortened week and ongoing worries about the tech sector; however a strong rally in commodities - including copper and oil - buoyed expectations for a strong 2018 and helped offset concerns over the technology sector triggered by reports of soft iPhone X demand. 

To Avoid Liquidation Panic, HNA Assures Deutsche Shareholders It's A "Long-Term Investor"

To Avoid Liquidation Panic, HNA Assures Deutsche Shareholders It's A "Long-Term Investor"

The notoriously acquisitive Chinese conglomerate HNA - which recently had a sharp falling out with Beijing resulting in a margin call "shocksave" - is facing a serious cash crunch in 2018 as nearly a quarter of its $100 billion in debt – a large chunk of which was accumulated during a multi-year buying spree that saw it become a major shareholder in Deutsche Bank, Hilton Worldwide and a large portfolio of international holdings - comes due.

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