Spotify Technology Appoints Christian Luiga As New CFO

Spotify To Cut About 17% Staff

Spotify Technology SA, a provider of digital music, podcast, and video service, said it is eliminating total headcount by around 17% across the company amid its efforts to cut costs to become "productive and efficient." The decision will affect around 1,500 employees, reports said. In pre-market activity on the NYSE, Spotify shares were gaining more than 2 percent.

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Canadian Dollar Advances Against Majors

The Canadian dollar firmed against its major counterparts in the New York session on Friday.

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Swiss Market Ends Higher For 2nd Straight Session

The Switzerland market opened on a slightly weak note on Friday, but recovered swiftly and then kept edging higher to eventually end the day's session on a firm note.

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Major European Markets Close Slightly Weak

The major European markets closed slightly down on Friday as investors assessed recent moves of the central banks and weighed the potential impact of tariffs. A bit of profit taking also contributed to the market's weak close.

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TSX Marches On, Hits Fresh Record High; Materials Stocks Rally

The Canadian market is up firmly in positive territory a little past noon on Friday, extending recent gains, thanks largely to strong buying in the materials sector. Energy stocks are struggling for support due to weak oil prices. The mood remains fairly bullish amid expectations the Bank of Canada and the Federal Reserve will announce further easing this year to boost growth.

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Bank Of Japan Holds Rate Steady; Plans To Lower ETF Holdings

The Japanese central bank left its key interest rate unchanged on Friday, as expected, but surprised markets with a decision to reduce the holdings of its massive stock of exchange-traded funds, suggesting that the monetary policy normalization is underway. The Bank of Japan policy board, led by Governor Kazuo Ueda, voted 7-2 to hold the uncollateralized overnight call rate at around 0.5 percen

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Bay Street Likely To Open On Subdued Note

Canadian shares may open on a somewhat subdued note on Friday with investors reacting to retail sales data, and looking to take some profits following recent gains.

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FTSE 100 Recovers After Slight Setback, Up Marginally At Noon

After an early modest upmove, the U.K. market slipped into negative territory Friday morning, but recovered ground subsequently to emerge above the flat thanks to selective buying at a few frontline counters.

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EURUSD	1.1742	GBPUSD	1.34642	AUDUSD	0.65899
USDJPY	147.892	USDCAD	1.37818	USDCHF	0.79475