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Asian shares decline on softer Wall Street lead; dollar edges up Asian indexes traded lower Tuesday, tracking declines seen on Wall Street in the previous session. Tokyo's benchmark Nikkei 225 index fell 1.43 percent, or 337.37 points, to close at 23,291.97.
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ExxonMobil plans to invest $50 billion in five years amid tax reform ExxonMobil credited the new tax-cut legislation on Monday as it announced plans to invest more than $50 billion in the United States over the next five years as part of an expansion of its business.
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Rising interest rates knock stocks, but this isn't the big move that will kill the rally — yet Higher government spending and less central bank easing are two forces that have been driving interest rates higher, and the stock market is finally taking notice as interest rates rise.
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