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World shares retreat after worries over bank lending pull Wall Street lower

MANILA, Philippines (AP) — World shares skidded Friday following a retreat on Wall Street driven by concerns over banks’ loan portfolios. The future for S&P 500 fell 1. 3% while that for the Dow Jones Industrial Average shed 1%. Oil prices were lower while the price of gold climbed to over $4,383 an ounce, and was last trading at $4,356. 50 per ounce, as Washington and Beijing swapped harsh words over trade. In early European trading, a sell-off of bank and financial shares weighed on DAX...

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