Archive | Markets

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IMF chief, Pakistan FM meet as Islamabad seeks bailout

To offset the effects of Federal Reserve rate rises, United States trade tariffs and domestic economic pressure caused by tighter financial ...

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Nikkei plunges by over 1000 points in afternoon trading

Although the losses were widespread, stocks that have been the biggest winners on the market, including technology companies and retailers, suff...

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Fed ‘has gone crazy’ as it raises interest rates

China Mobile shares fell 3.7%, insurance group Ping An dropped 4.1% and China Construction Bank lodged a slide of 3.2%. Officials expect to hike...

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US raises pressure on Saudi Arabia over missing journalist

Turkish media outlets, as well as The Post , published photos and a video of an alleged Saudi "assassination squad" that traveled to Turke...

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International Monetary Fund gives credit for reforms under Modi, projects India as fastest growing

After a visit last week, the International Monetary Fund said Pakistan was facing significant economic challenges, with diminishing growth, ...

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Global stocks tumble after Trump 'crazy' Fed comment

President Donald Trump said that Wednesday's stock market sell-off was in fact a long-awaited "correction", and that the Federal Reserve, which ...

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Sears explores bankruptcy filing even as CEO scrambles to avoid it

The committee has been resisting the plan amid concerns that creditors and shareholders would sue over it being too favorable for Lampert. Bot...

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USA stock indexes keep falling as rates resume their climb

USA long-dated Treasury yields rose again in extension of a trend during the past few weeks fuelled by solid U.S. economic data that reinforced ...

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Pixel Slate trades headphone jack for a second USB-C

It turns into a smart display when not in use, showing information to such as time, weather, calendar appointments, and commute times. Increas...

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India buying Iran oil in defiance of Trump sanctions

At the same time, USA crude oil stocks are on the rise. A U.S. government official said the Trump administration is "in the midst of an inte...

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U.S. may grant waivers on Iran crude sanctions

Iran says its oil flow to the market should not be hampered no matter what as Western oil news and information providers are steadily claiming d...

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International Monetary Fund downgrades outlook for world economy to 3.7% growth

That also followed the IMF's first downgrade to its global growth forecast since 2016. Bond markets were closed, leading US indexes to a mix...

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US Homeland Security statement plays down Bloomberg spy chips claim

All that said, it also seems plausible that Businessweek's sources (the people working for the respective companies and government divisions at ...

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Indian companies DEFY President Trump by purchasing Iranian Oil despite United States sanctions

Speaking at "The Energy Forum" on Monday, oil minister Dharmendra Pradhan said two state refiners had placed orders for importing oil from Ira...

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Tropical Storm Michael could be a Cat 1 by landfall

It'll be breezy as well with winds sustained along the coast at 15 to 20 miles per hour. Enlarge / 12z European model forecast for Hurric...

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Crude oil futures fall 1.44% on weak global cues

The sources said India and Iran are discussing reverting to rupee trade after November 4. The US withdrew from a deal on Iran's nuclear progra...

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Petrol, Diesel Prices Rise In Metros Despite Cuts; Check Rates Here

The government had on Thursday reduced the fuel prices by Rs 2.50 per litre, out of which the Centre has slashed Rs 1.50 in excise duty and th...

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JBS recalls 6.9M pounds of beef linked to salmonella outbreak

The U.S. Centers for Disease Control and Prevention is advising consumers and retailers not to eat, serve or sell ground beef produced by JBS...

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U.S. terminates treaty with Iran after United Nations court ruling - Ireland

US President Donald Trump's administration is considering sanction waivers for countries that are reducing their imports of Iranian oil, a US ...

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Steinhoff Subsidiary Files for Bankruptcy Protection in the Us

The company could eventually close 700 of its 3,000 locations. "The bankruptcy will not affect any stores in ME", a store manager at the one...

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United States unemployment drops to the lowest level since 1969

Economy adds 134K jobs in September . But one issue that also may have worked against the number was that the two prior months' reports were rev...

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Business RBI keeps repo rate, reverse repo rate unchanged

The Reserve Bank of India ( RBI ) may have revised downwards its inflation projections for 2018-19 and the first quarter of 2019-20, but it ...

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'Only way to rebalance oil market is stopping sanctions on Iran'

The next round of sanctions, targeting Iran's oil exports, will come into effect in early November. Asked about whether Russian Federation a...

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May appeals for party unity at ‘toughest phase’ of Brexit

But did it succeed? The British prime minister poked fun at her Maybot image as she got her groove on to Abba's Dancing Queen - mocking her ...

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Central government cuts fuel prices by Rs 2.50 a litre in India

Excise duty to be reduced by Rs.1.50 & OMCs will absorb 1 rupee. The central government on October 5 cut the prices of petrol and diesel by Rs...

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The unemployment rate is the lowest it’s been since 1969. Here’s why

The Fed raised rates last week for the third time this year and removed the reference in its post-meeting statement to monetary policy remaini...

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Trudeau affirms China trade aspirations after USMCA's 'non-market' requirement

US President Donald Trump touted a new trade deal with Canada and Mexico as a win for American workers while investors breathed a sigh of re...

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Pence says Google should halt Dragonfly app development

He said Beijing had "mobilized covert actors , front groups, and propaganda outlets to shift Americans" perception of Chinese policies' and w...

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Aston Martin IPO orders below 19 pounds/share risk missing out - bookrunners

Aston Martin had initially set a range of 17.50 pounds to 22.50 pounds per share, but on Monday narrowed this to 18.50 to 20 pounds saying it h...

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Toyota recalls millions of Prius and Auris hybrids over stalling risk

Toyota Prius and Auris hybrids made between October 2008 and November 2014 are the models affected. It's thought that vehicles sold in China, ...

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