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Malaysia's ringgit and Indonesia's rupiah led an emerging market rally against the dollar Friday while Asian equities also pushed higher after minutes from the Federal Reserve's latest policy meeting suggested it could keep borrowing costs at record lows into next year. Energy firms tracked a surge in oil prices as hopes for crude demand picked up and ongoing crises in the Middle East fanned supply worries. The gains across assets come after a painful July-September quarter that saw trillions wiped off global markets owing to worries about the state of China's economy and an expected US interest rate hike.
PARIS (AP) — Air France is resuming negotiations with pilots' unions over hotly contested job cuts, and Paris garbage collectors have ended a smelly strike, soothing developments at the end of a week of high labor tensions.
Confusion and controversy struck the Presidents Cup on Friday when Phil Mickelson and Zach Johnson lost the seventh hole "twice" after being penalised in a baffling rules infringement. It turned out Mickelson had breached a little known match play rule which states you must play the entire round with the same brand and model of golf ball in fourballs and singles.