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Iran, Azerbaijan stress bolstering trade ties in business forum

“Previous to the business forum, the 13th Iran-Azerbaijan Joint Economic Committee meeting was also held in Baku on Wednesday” reports tehrantimes.com. He called for the establishment of a preferential trade agreement between the two countries aimed at increasing the volume of trade exchanges.TEHRAN – Attended by senior officials, entrepreneurs and businessmen from both sides, an Iran-Azerbaijan business and investment forum was held in Baku on Thursday.Azerbaijan hasn’t had such a boost in trade with any other country.” The official said. Source: tehrantimes.com

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Iranian companies are top priority in Syria’s reconstruction projects: envoy

“The ambassador stressed the need for providing facilities in order to further expand the economic cooperation between the two countries” reports tehrantimes.com. Also in January, the 14th preparatory meeting of Iran-Syria high joint technical committee of economic cooperation was held at Damascus.Speaking in a meeting between the representatives of Syrian private sector with the Iranian Minister of Industry, Mines and Trade Reza Rahmani along with officials of the Iranian cooperatives chamber, Mahmoud noted that the Iranian private sector is a key partner in reconstruction of Syria’s infrastructure.Amini had also said…

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Markets News 

The Hollywood ties of Treasury Secretary Steven Mnuchin have prompted questions about whether he has a conflict of interest in trade negotiations with China, the second-largest film market in the world.

“The Hollywood ties of Treasury Secretary Steven Mnuchin have prompted questions about whether he has a conflict of interest in trade negotiations with China, the second-largest film market in the world” reports washingtonexaminer.com. The transactions have raised conflict of interest concerns regarding Mnuchin’s role in trade negotiations with China and the possibility that he would benefit from increased Hollywood access to the Chinese film market. Source: washingtonexaminer.com

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News Stocks 

S&P 500, Nasdaq close at 5-month high on China trade, global growth optimism

“Consumer sentiment rose in March to 97.8 from 93.8 in February, according to a preliminary reading of the University of Michigan consumer sentiment index” writes Markets Reporter for marketwatch.com. The S&P 500 index SPX, +0.41% climbed 14 points, or 0.5%, to 2,822.48 and the Nasdaq Composite Index COMP, +0.76% advanced 57.62 points, 0.8%, to 7,688.53.U.S. stocks closed higher Friday, with the S&P 500 and the Nasdaq finishing at five-month highs, as market sentiment was buoyed by encouraging headlines on U.S.-China trade negotiations and Chinese assurances of forthcoming economic stimulus. Source: marketwatch.com

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U.S. job openings rise, outnumbering the unemployed by 1 million

“The economy grew at a healthy clip last year of 2.9%, the fastest pace in four years” writes Associated Press for latimes.com. But trade tensions with China, slowing global growth and signs of caution among consumers have weighed on the economy early this year. Many economists forecast that the pace of growth could fall below 1% in the current quarter. Source: latimes.com

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News Stocks 

Stocks gain on China trade, global growth optimism; Boeing shares lift Dow

“Consumer sentiment rose in March to 97.8 from 93.8 in February, according to a preliminary reading of the University of Michigan consumer sentiment index” writes Markets Reporter for marketwatch.com. The gains would mark the biggest weekly gain since the period ended Feb. 15, according to FactSet data.BIOS, -24.93% shares sank 26% after the company announced a deal to merge with privately held Option Care Enterprises Inc.U.S. stocks rose Friday as major benchmarks aimed for their most robust weekly gains in a month with sentiment buoyed by encouraging headlines on U.S.-China…

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Wall Street Journal publishes op-ed from former White House aide accused of domestic abuse

“The incident prompted the White House to overhaul its security clearance process” writes Caitlin Oprysko for politico.com. Former White House aide Rob Porter emerged Thursday night with an op-ed in The Wall Street Journal, writing in support of President Donald Trump’s trade agenda more than one year after his departure from the White House amid accusations of assault from two of his ex-wives. Source: politico.com

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Job openings climb in January to 7.58 million

“The 7.58 million job openings compares to the 6.54 million people in January who were unemployed, taking the ratio of open positions to those who seek them down slightly to 1.16 from 1.19 in December” writes D C for marketwatch.com. What happened: Job openings rose to the third-highest level on record from a revised 7.48 million in December, with big increases in wholesale trade, real estate, and information industries. Source: marketwatch.com

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News Stocks 

Stocks rise modestly as investors parse conflicting economic data and China trade headlines

“AMZN, +1.17% stock rose 0.5% early Friday, after KeyBanc Capital raised its rating on the stock to overweight” writes Markets Reporter for marketwatch.com. BIOS, -28.65% stock fell 30%, after the company announced a deal to merge with privately held Option Care Enterprises Inc.The stock fell .50.9% Friday.U.S. stocks rose Friday as the major benchmarks aim for their most robust weekly gains in a month, and as investors parse optimistic headlines on U.S.-China trade developments as well as conflicting data on the U.S. economy.The gains would mark the biggest weekly gain…

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