Breakfast briefing: Friday, July 14 (Update)


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  • Friday, 14 Jul 2017

Uber also rolled out other changes on Tuesday, including paying drivers while they wait for passengers and reducing the time passengers have to cancel a ride, as it begins a six-month push to improve drivers' working conditions.

MarketWatch: Wall Street posted slight gains on Thursday and the Dow hit another record high close, with financials rising ahead of profit reports due Friday from several big US banks. The financial index was the best performer among the 11 major S&P sectors, ending up 0.61%. The DJIA rose 20.95 points, or 0.1%, to 21,553.09, the S&P 500 gained 4.61 points, or 0.19%, to 2,447.86 and the Nasdaq added 13.27 points, or 0.21%, to 6,274.44. - Reuters

Energy

Oil prices rose 1.3% on Thursday after much stronger demand in China overshadowed a downbeat report by the International Energy Agency that showed higher production by key Opec exporters. Brent crude LCOc1 settled up 68 cents or 1.42% at US$48.42 a barrel. - Reuters

Forex summary

*The ringgit lost 0.03% to 4.2937 versus the US$

*It was down 0.05% to 4.8971 versus euro

*Down 0.01% to 1.2940 per pound sterling

*Down 0.11% to 5.5559 per Singapore dollar

*Down 0.20% to 3.3228 per Aussie

*Up 0.16% to 3.7831 per 100 yen

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