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Sino-US Relations Can Improve, Says Chinese Premier Amid Trade War

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Xi was quoted by CCTV as saying after the call with Trump that the two leaders had hoped to expand trade cooperation. "Positive comments from President Trump over US-China trade tension are cheering the market in the short term", said Tai Hui, chief market strategist for Asia Pacific at JP Morgan Asset Management. Read More »

US allows India, 7 nations to continue buying Iranian oil

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After President Donald Trump chose to pull the United States out of the Joint Comprehensive Plan of Action (JCPOA), the multinational deal under which Iran agreed to suspend its nuclear program, his administration announced that it would reinstate economic sanctions against Iran, including those aimed at its oil exports. Read More »

US Restricts Exports to Chinese Semiconductor Firm Fujian Jinhua

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The use of the "entity list" - which governs what companies US firms can do business with - to protect the economic viability of a USA industry appears to be unprecedented, said Washington trade lawyer Douglas Jacobson. Ross said the ban will limit the company's ability to " threaten the supply chain for essential components in our military systems ". Earlier this year, the Trump administration put an export ban on ZTE, one of China's biggest tech companies. Read More »

Iran oil sales still strong ahead of sanctions

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As the threat of sanctions began to emerge previous year, Iran has been facing serious economic problems including high inflation, recession, unemployment, rising prices and dramatic fluctuations in exchange rates which marked a serious devaluation of the national currency. Read More »

India jumps 23 spots to No

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Reiterating the government's role, Jaitley said, the ease of doing business is to maximise the governance with minimum government personnel. The reforms raised Kenya to 61st place in the global ease of doing a business ranking, from a rank of 80 last year, earning the country a spot among the global top improvers for the fourth time in the past 11 years. Read More »

Rupee Drops on Speculation of Worsening RBI-Government Tension

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The Section 7 of the RBI Act reads: "The Central government may from time to time give such directions to the Bank as it may, after consultation with the Governor of the Bank, consider necessary in the public interest". "The government respects the autonomy and independence of the RBI but they must understand their responsibility", the official said. At the time, most legal experts believed that it was unlikely the Modi government would issue directions under the rarely-used provision. Read More »

United Kingdom gov introduces Digital Services Tax aimed at Amazon, Facebook and Google

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The personal allowance - the amount people can earn before they have to start paying income tax - will increase by a further £650 in April 2019 to £12,500. The group of hard Brexiteer Tories, who want a "no deal" scenario, have seized on this as an opportunity to call for a tax and regulation slashing budget that would turn Brexit Britain into a North Sea Singapore. Read More »

Turkey demands truth over Khashoggi killing as Saudi prosecutor visits

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Khashoggi, who had fled the kingdom recently and taken up residency in the United States, entered the Saudi Consulate in Istanbul on October 2 to retrieve paperwork that he needed to marry his Turkish fiancée. Saudi officials characterize the killing as a rogue operation carried out by agents who exceeded their authority. Turkey's Anadolu news agency said Mojeb was expected to inspect the Saudi consulate. Read More »

Over the weekend: German election results putting pressure on Merkel

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Merkel's predecessor, Gerhard Schroeder, stepped down as leader of his center-left Social Democrats in 2004 as his government struggled, but remained chancellor until he narrowly lost an election 18 months later. Merkel will now concentrate her energy on keeping her government going until 2021, something that still remains uncertain. Political analysts in Germany have wondered whether Merkel might not serve out a full term if she's not leading her own party - a pairing that Merkel ... Read More »

USA economic growth slows slightly in third quarter; outlook less upbeat

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Consumer spending, which accounts for more than two-thirds of total economic output, rose at a 4.0% annual rate in the third quarter, the strongest rate of growth in almost four years. However, strong demand in the USA brought in large numbers of imported motor vehicles and consumer goods. "Growth downshifted a bit in Q3 and we look for some further slowing in the quarters ahead". Read More »

Oil Falls on Oversupply Worries Despite Iran Sanctions

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Recently, the murder of journalist & a resident from U.S. by the agents of Saudi Arabia has called for the USA sanctions on Saudi kingdom. Financial markets have been hit hard by a range of worries, including the U.S. India imports more than 80 percent of its crude oil needs, and 65 percent of the supply comes from the Middle East: Iraq, Saudi Arabia and Iran and the other two main suppliers are Venezuela and Nigeria. Read More »

How major USA stock indexes fared Wednesday

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All three of the major indices dropped after underwhelming quarterly financial results from major internet companies - like Amazon and Google-parent company Alphabet - spooked markets. Britain's FTSE 100 was flat at 6,960, underperforming after poor earnings from ad giant WPP. While third-quarter profit growth estimates have risen to 22.4 percent from 21.6 percent in the last 10 days, weaker forecasts have pulled down fourth-quarter growth estimates to 19.5 percent from 20 percent, ... Read More »

World's billionaires made record money in 2017

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Almost a third of the new billionaires gained their wealth through some form of innovation, while the rest did so by scaling up businesses in the Asia-Pacific region, the report noted. "Over little more than 10 years, they have created some of the world's largest companies, raised living standards and made fortunes at an unprecedented pace". Read More »

Toyota's Lexus leads USA magazine's reliable auto rankings

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Tesla said it had streamlined and simplified Model S configurations, not made them more complex. Lexus and Toyota have been named the top two brands in Consumer Reports' reliability rankings . The Model S, which starts at $74,500, dropped to "Below Average" from "Above Average" a year ago, and its overall score denied it Consumer Reports' " Recommended " tag. Read More »

$1M second-prize Mega Millions ticket sold in Yonkers

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The victor however may never be known: unlike most other states, in SC a lottery victor can legally remain anonymous. She said prize recipients should create a trust and hire a team of lawyers, financial advisers and security. The drawing was on March 30, 2012. Mega Millions officials say at the time of the drawing, the jackpot was $1.537 billion, just short of the record for all lotteries. Read More »

Google sacked 48 people for sexual harassment, boss says

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Google has been picking up the reins very fast to keep its employees free from sexual harassment issues and in walking an "an increasingly hard line" on inappropriate conduct. Rubin joined Google in 2005 with the acquisition of Android , a company he had co-founded, to build smarter mobile devices. Google CEO Sundar Pichai sent an email to employees, saying the technology giant has fired 48 people over the past two years for sexual harassment, including 13 " senior managers and above ". Read More »

New Jersey Man Breaks His Hip but Wins the Lottery

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In other local lotto news, a winning $1 million ticket was sold in Tampa , and a 70-year-old Hudson woman claimed $2 million off a Powerball ticket last week. Livingston needs a hip replacement. "I thought he was confused, maybe from pain meds". "So they said, 'Why don't you go in with us?" "I couldn't believe it", Livingston's niece, MaryAnn Bartnick, said. Read More »

Amazon Q3 2018 had $56.6 billion in sales and $2.9 billion profit

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Surging profits from its North American retail and Amazon Web Services cloud computing businesses helped boost its bottom line. Earnings per share of $13.06 widely beat analysts' EPS forecast of $10.42. This quarter they cleared almost $3 billion. He also called out YouTube's announcement earlier this week to set aside $20 million for educational initiatives and cited "momentum" in the Google Cloud Platform business. Read More »

Updates to Tesla Model Y and ride-share plans

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Central to Wood's argument that Tesla could trade as high as $4,000 per share is the idea that Tesla will orient itself away from the capital-intensive vehicle manufacturing business toward software. The starting price for the Model 3 was Dollars 49,000 in the quarter, but the Company is working to bring the price to USD 35,000. "Ultimately, given difficulties that we did not foresee in this first-of-its-kind production ramp, it took us six months longer than we expected to meet our 5,000 ... Read More »

Trump launches fresh attack against Fed chairman

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Trump said in the interview that Powell "almost looks like he's happy raising interest rates" and that it's "too early to tell, but maybe" he regrets appointing him. Mr Trump has previously called Fed policies "crazy". Powell's first big challenge hasn't been policy or a financial crisis, but an unpredictable president. Read More »

China tells Trump to ditch his iPhone for a Huawei

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A New York Times report concluded that Chinese and Russians are listening in, based on complaints from current and former us intelligence officials who say the president has been repeatedly warned about his digital security but refuses to give up his old iPhones. Read More »

Son of murdered journalist Khashoggi leaves Saudi Arabia for US

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The family of Jamal Khashoggi , whose killing was "planned", has left Saudi Arabia and is heading for the US , Human Rights Watch has said. A person familiar with the recording who spoke to the Post called the audio "compelling" and said it would likely further pressure USA officials to respond forcefully against the Saudis for Khashoggi's death . Read More »

Oil Extends Losses on Signs of Rising Inventory

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Companies also skipped nominating barrels they are entitled to from their investment in Iranian oil fields, the person added. The kingdom itself can boost production from the current 10.7 million barrels a day to counter supply losses from Iran , Al-Falih said in Riyadh . Read More »

Obama attributed the financial achievements of the trump

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Urging his supporters to come out and vote for his party's candidates, Obama said there is vacuum in democracy when people do not go out and vote. The former president said, "Let me say something as the man who passed the law that protects people with pre-existing conditions from being discriminated against: They have no way of protecting people with pre-existing conditions in anything they've proposed". Read More »

Mega Millions Jackpot Ticket Sold In South Carolina

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One winning ticket was sold in SC for Tuesday night's record-shattering Mega Millions jackpot worth at least $1.6 billion, the state's official lottery website reported. The victor can take $913 million in a lump sum cash payment or the whole pile in annuities over 29 years. "The moment we've been waiting for finally arrived, and we couldn't be more excited", said Gordon Medenica, lead director of Mega Millions Group. Read More »

Bad day on Wall Street: Stocks plunge, erasing gains for the year

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The tech-heavy NASDAQ closed at 7,108, down 329 points or 4.4 percent. Of those, 57 percent delivered earnings and revenue results that topped Wall Street's forecasts. European Central Bank policy makers could on Thursday confirm that asset purchases will end this year, reiterating its pledge to keep interest rates at record lows through summer 2019. Read More »