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South African rand regains ground after brief SARB mandate concern

JOHANNESBURG (Reuters) -The rand edged higher on Friday, regaining ground thanks to a U.S. jobs report that sent the dollar tumbling, with South African stocks and bonds also making gains. The South African currency had earlier fallen after Gwede Mantashe, chairman of the governing African National Congress (ANC), told Bloomberg that it wanted to expand …

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Prince Harry’s memoir sheds light on bust-ups among British royals

By Michael Holden and Charlie Devereux LONDON/MADRID (Reuters) -Britain’s Prince Harry says his older brother and heir to the throne Prince William knocked him to the floor during a 2019 argument over Harry’s American wife, Meghan, in his much-awaited memoir, which went on sale days early in Spain on Thursday. In his book “Spare”, Harry …

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Thailand expects 5 million Chinese tourists this year in post-COVID rebound

BANGKOK (Reuters) – Thailand is expecting at least five million Chinese tourist arrivals this year, about half the number recorded before the coronavirus pandemic, as China reopens its borders, the government tourism body said on Tuesday. The return of Chinese tourists would be a further boost to Southeast Asian country’s economy and its vital tourism …

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Samsung’s quarterly profit plunges to 8-year low on demand slump

By Joyce Lee and Heekyong Yang SEOUL (Reuters) – Samsung Electronics Co Ltd flagged on Friday its quarterly profit tumbled by two-thirds to an eight-year low as a weakening global economy hammered memory chip prices and curbed demand for electronic devices. The dismal profit estimate by the world’s largest memory chip, smartphone and TV maker …

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