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China's FedEx probe should not be seen as retaliation: Xinhua
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China’s investigation into FedEx Corp over misdirected mail should not be regarded as retaliation against the U.S. company, state news agency Xinhua said on Sunday, amid worsening relations between China and the United States.

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Father Figures: Dad's best financial advice
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Fathers pass down many things to their kids, but not just genetic traits like eye color or hairlines.

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Risk appetite emerges as U.S.-based equity funds attract $4.4 billion
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U.S.-based equity funds attracted $4.4 billion of inflows in the week ended Wednesday, following two consecutive weeks of cash outflows totaling $34 billion, according to Refinitiv’s Lipper, as the…

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U.S. recession odds rise to 40-45% in six months: DoubleLine's Gundlach
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Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Thursday the odds of the United States sliding into a recession in the next six months have risen to 40-45% and the odds were…

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Australian regulator slaps stricter conditions on AMP's pension funds, shares fall
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Australia’s banking watchdog on Friday said it had imposed stricter licensing conditions on AMP Ltd’s pension fund units following concerns regarding its compliance with superannuation laws, sending…

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Safe havens emerge in China, South Asia as recession risks grow
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Fears of a global recession are on the rise as the U.S.-China trade war re-escalated in May, sending investors to the safety of U.S Treasuries, the Japanese yen and gold.

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Hedge fund Third Point calls on Sony to spin off semiconductor unit
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Daniel Loeb’s activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its semiconductor business and sell off stakes in Sony Financial and other units, in order to position…

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