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Speculation over Bank of Japan stimulus drives up bond yield

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Since the US-Sino trade war came into full effect, the CNY has experienced a massive fall, as traders exit Chinese financial markets amidst fears of financial stability and weaker Chinese growth. As investors sold bonds, the country's stock markets moved higher on the prospect of policy easing. "Commodities are also mostly trading higher", JPMorgan analysts said in a note to clients. Read More »

Google profits soar despite $5B antitrust fine

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Google said little about the fine, which regulators said is for anticompetitive behavior with its Android mobile operating system, in its earnings release. Without the fine, net income would have been $11.75 a share. The company is selling more ads as its YouTube video service and Google search grow globally, he said. Read More »

Tesla shares hit by report it is seeking refunds

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The Tesla Motors World Headquarters in Palo Alto. The report also said it's not clear how many suppliers received the request. Tesla said in a statement it had asked fewer than 10 suppliers to reduce the total cost of long-term projects that started in 2016 and that all other discussions with suppliers dealt with prices in the future. Read More »

Trump ready to hit all Chinese imports with tariffs

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Investors as a whole appear to accept the argument of President Trump economic advisers, notably Larry Kudlow and Kevin Hassett, that the president's threats will likely force China , the European Union, Canada, and Mexico to eventually negotiate better trade deals. Read More »

North Korea to return US soldiers' remains in weeks -Pompeo

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North Korea said it would return between 50 and 55 sets of remains. The Singapore summit was mainly about Trump's push to rid North Korea of its nuclear weapons. Trump met North Korea's Kim Jong Un last month in the first U.S. Secretary of State Mike Pompeo's announcement that progress had been made "on nearly all of the central issues" in ministerial-level talks held in July, including on setting a timeline for Pyongyang's denuclearization was met with rebuke by North Korean ... Read More »

Trump says 'not thrilled' about interest rate hikes

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If the Fed moves too aggressively, however, it could curb economic activity so severely that it helps to provoke a recession. Mr. Trump has repeatedly referred to himself as a "low-interest rate person", reflecting in part his career in real estate. Read More »

GST rates slashed on several products

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GST on handmade carpets and handmade textile floor coverings has been reduced from 12 per cent to 5 per cent . The value limit of footwear was enhanced from Rs 500 to Rs 1,000 for 5 percent rate, Goyal informed. While hotels with tariff below Rs 1,000 are exempted from GST, those with tariff between Rs 1,000-2,500 are taxed at 12 per cent, those between Rs 2,500-7,500 at 18 per cent, and above Rs 7,500 at 28 per cent. Read More »

Donald Trump willing to slap tariffs on all Chinese imports

The latest attack by Trump comes amid escalating trade disputes between the USA and its trading partners. The US should be allowed to recapture what was lost due to illegal currency manipulation and BAD Trade Deals. "I really like President Xi a lot, but it was very unfair". But at the same time I'm letting them do what they feel is best , ' Trump said. Look, I'm not doing this for politics. Read More »

Oil trades below $69 as investors weigh mixed inventories report

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West Texas Intermediate ( WTI) crude futures rose 68 cents, or one percent, to settle at $68.76 a barrel. Brent futures rose 68 cents/Bbl, or almost 1%, to $72.84/Bbl by 2:25 p.m. Russian Federation said, that if the oil market needs more oil, the OPEC+ coalition will be able to quickly discuss it all together and make all necessary decisions, as OPEC+ has all needed tools. Read More »

Microsoft Q4 strong as commercial cloud revenue hits $6.9 billion

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The software giant's fiscal fourth-quarter results reported late Thursday were just the latest evidence of its success at moving its business beyond the software typically found on PCs. That groups the company's cloud-computing business Azure, with the subscription cloud-based Office 365 and sales software Dynamics 365. Microsoft "has executed on its plan to become a meaningful cloud vendor, though it's still early in the development of that market - and model", writes DiFucci in a note. Read More »

This ultra-wide LG monitor is just £124.99 for Amazon Prime Day

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While Amazon doesn't disclose sales figures for Prime Day , Deborah Weinswig, CEO of Coresight Research, had estimates it will generate $3.4 billion in sales worldwide, up from an estimated $2.4 billion past year. Amazon said this year's Prime Day was the company's "biggest in history". "There were some technical glitches [Monday afternoon at the start of the sale] but thankfully, they were able to resolve them quickly", said Daniel Ives, head of technology research at GBH Insights. Read More »

Trump Fed critique sends dollar lower

The US$500 billion would be roughly the value of Chinese goods imported into the USA past year. "I'm not doing this for politics", Trump said in an interview with CNBC . " Donald Trump will be the president until at least January, 2021". Dow futures which had already been pointing modestly lower slid sharply after the comments were aired by CNBC early Friday, indicating triple-digit losses when the market opens. Read More »

Qatar Airways finalizes order for five Boeing 777 freighters

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General Electric said it remains to be convinced that demand for Boeing's planned mid-range aircraft, nicknamed the 797, will be sufficient for it to justify developing a new engine for the jet. DHL said the first four 777Fs from the order would be delivered in 2019. The battle has begun between Boeing (NYSE:BA) and Airbus ( OTCPK:EADSY ) at the Farnborough Air Show. Read More »

Netflix shares plunge as growth in subscriber numbers slows

Forrester analyst James McQuivey said he believed that the quarterly results were "not a sign of softening in the business overall". For the current quarter, Netflix projected it would add 5 million customers. Earnings per share: 85 cents. For the first time, Netflix generated more revenue outside the U.S.: global revenue totaled $1.92 billion and U.S. Read More »

Target tries to one up Amazon with one-day sale

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Here are our top three recommended buys for Amazon Prime Day 2018 , available now. Amazon's Assistant app notifies you of deals for anything you're looking at. If you're a student, you get a free six-month trial. So, if you wish to be a pro online shopper during the Amazon Prime Day Sale, here are 10 tips to get the best deals . Read More »

How to Get The Most Out of Amazon Prime Day 2018

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Whole Foods has regular 10 percent off sales open only to Prime members and sells its store brand, 365 Everyday Value, on Amazon . As an added bonus, Amazon is offering a Kindle Unlimited three-month subscription for just 99 cents - nearly 97% off its original price of $29.97. Read More »

DOJ Appeals Approval of AT&T-Time Warner Deal

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The deal, which has been almost two years in the making, was approved by Judge Richard Leon just one month ago. AT&T Chief Executive Randall Stephenson told reporters on Thursday at a conference in Sun Valley, Idaho, that the company was not surprised about the Justice Department's decision to appeal. Read More »

Tit-for-tat tariffs will 'destroy' trade relations with US, says China

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The trade confrontation between Washington and Beijing has been escalating for months, despite Trump's repeated statements that he has a good relationship with China's President Xi Jinping. "Who would think?" Mr Trump asked reporters yesterday at the White House. The move came just days after the administration levied its previous tariffs package, valued at around $34 billion, against Chinese imports. Read More »

Trump called Johnson a friend and spoke about the future may

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But Trump's interview with The Sun now leaves that prospect in doubt - and puts May in a vulnerable position. Davis' resignation was followed by that of Exiting the EU Minister Steve Baker. Trump did not exactly give May's plans a ringing endorsement. The only state never to vote for Reagan is Minnesota, thanks to native son Walter Mondale being on both tickets, and Trump didn't win Minnesota either. Read More »

Comcast is expected to raise its offer for Sky

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Comcast said its bid had the backing of Sky's independent directors. Comcast's £14.75p a share offer comes within hours of Murdoch making a new £14 a share offer valuing Sky at £24.5bn . Regulators are concerned that Fox's ownership of Sky News would give Murdoch and his family too much influence over United Kingdom media. Mr Hancock had told Parliament that if terms of a sale of Sky News could not be agreed, the "only effective remedy now would be to block the merger altogether". Read More »

The rise in the United States unemployment rate isn’t bad news

The report showed that Canada's trade surplus with the US narrowed to $3.3 billion in May, from $3.7 billion April, as more imports headed north across the border and south-bound exports decreased. The June jobs data showed an economy that may be on the cusp of producing stronger pay growth, something that could be disrupted if additional tariffs are imposed. Read More »

Labor Department Announces an Increase in US Jobs By 213,000

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The unemployment rate increased because more people were looking for jobs; the labor-force participation rate rose to 62.9% from 62.7%. Still, Satyam Panday of S&P Global Ratings summarized the view of economists that "Despite simmering trade tensions, hiring in the U.S. Read More »

Amidst trade war, 'Made in China' flags for Trump's 2020 poll campaign

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China's foreign ministry in Beijing said that tit-for-tat duties on USA goods took effect straight away after Washington's 25 percent tariff on $34 billion worth of Chinese goods kicked in at 12:01 a.m. farmers in states that backed Trump in the 2016 US election, such as Texas and Iowa. US soybean farmers have been particularly concerned, and the price of soybeans has plunged 17 percent over the past month on tariff fears. Read More »

Trump's tweets driving up oil prices

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Later speaking to Reuters , the Iranian declared that oil prices will rise to United States dollars 100, and it will all be Trump's "fault". OPEC and Russian Federation announced in June they were willing to raise output to address concerns of emerging supply shortages due to unplanned disruptions from Venezuela to Libya , and likely also to replace a potential fall in Iranian supplies due to US sanctions. Read More »

Elon Musk offers engineers to help with Thailand cave rescue

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While a huge amount of water has been pumped out over the past several days, the cave's floodwater level remains high due to the area's mountainous nature. Musk first offered to help with the rescue mission on Thursday. Now, rescuers are weighing the best options to get the team out of the cave complex, an extremely hazardous operation that could potentially involve diving through caves only wide enough for one person. Read More »