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Australian Dollar edges higher ahead of Chinese PMI releases

The AUD/USD pair gathers strength to near 0.7130 during the early Asian session on Thursday. The Australian Dollar (AUD) edges higher against the US Dollar (USD) on hotter domestic inflation data. Traders brace for the release of the Chinese Purchasing Managers Index (PMI) data later on Thursday, which could give direction to the China-proxy Aussie. Australia’s Consumer Price Index (CPI) climbed by 4.6% year-over-year (YoY) in March, versus a 3.7% increase prior, the Australian Bureau of Statistics (ABS)…

Finance news

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‘Thor’ director Kenneth Branagh had a very different idea for a sequel

When Kenneth Branagh was pitching himself to direct the first “Thor” movie in 2008, he envisioned a story with gravitas. After spending years forging a reputation as a skilled adaptor of William Shakespeare’s works, writing, directing, and starring in both 1989’s “Henry V” and 1996’s “Hamlet,” he saw plenty of…

Business

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California high-speed rail costs top 0B as lawmakers call to scrap it

California lawmakers are calling for the state’s high-speed rail project to be scrapped after projected costs have ballooned by more than 700%. “This is a project that will never be built, and everybody in this building knows this project will never be built for the people of California and we…

Markets

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Internal Microsoft CFO memo touts ‘increased pace’ and ‘tighter’ teams

After Microsoft reported quarterly results on Wednesday, CFO Amy Hood sent an internal memo to employees highlighting “increased pace” and “tighter, more accountable squads.” Loading audio narration… “Thank you for the way you showed up this quarter — with focused execution and increased pace as the opportunity ahead of us…

Investing

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