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GLOBAL MARKETS-Stocks climb on hopes for progress in trade; sterling edges up

Shares on world stock indexes mostly rose on Monday, as hopes for resolving the U.S.-China trade war pushed investors toward riskier assets, while the pound was near a 5-1/2-month high. The British parliament’s speaker refused to allow a vote on Prime Minister Boris Johnson’s Brexit divorce deal, suggesting Johnson faces further problems in the Brexit ratification. Investors in Asia earlier were boosted by comments on Friday by Chinese Vice Premier Liu He that Beijing will collaborate with the United States to address mutual concerns on the trade war. …read more […]

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Apple starts selling locally assembled iPhone XR in India

Apple Inc has started selling its popular iPhone XR phones assembled in India, as it looks to expand its share in the world’s second-largest smartphone market where it has struggled against cheaper products from rivals. The phones are being assembled at Chinese contract manufacturer Foxconn’s India factory, helping the Cupertino, California-based company avoid high levies on the import of fully-built devices as well as meet local sourcing norms for opening its own retail stores in India. IPhone XR boxes with an “Assembled in India” tag were seen on Monday in many of the country’s electronic product retailers, including …read more […]