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Uncertainty of the trade war is slowing global growth, says former Fed

Uncertainty surrounding the U.S.-China trade war is hitting global growth, and that could be driving the slowdown more than the tariffs themselves, former U.S. Deputy Treasury Secretary Sarah Bloom Raskin

Business

Wall Street weakens after oil prices jump 12%

NEW YORK, New York – Soaring oil prices undermined stocks trading on Wall Street on Monday, but losses in the end were moderate. Oil jumped by more than 12% at

Business

Asian markets rally on global optimism

SYDNEY, NSW, Australia – Stocks in Asia hit a 6 week high on Friday on news overnight that the ECB was injecting more stimulus into the economy, and a shaving

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New York company owner admits tax evasion

CENTRAL ISLIP, New York – A Brentwood, New York, business owner has pleaded guilty to charges relating to tax evasion. The plea was announced on Monday by Principal Deputy Assistant

Business

Ho hum day on Wall Street Friday

NEW YORK, New York – Stocks were somewhat directionless on Friday following jobs data which was mixed, and continued uncertainty over international trade relations, and the direction of interest rates.

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U.S. stocks slide, sterling recovers

NEW YORK, New York – U.S. stocks resumed trading on Tuesday after the holiday weekend. Prices turned south from the get-go and stayed that way with little positive news on

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ADB commends India’s bid to become a $5 trillion economy

NEW DELHI, India – The Asian Development Bank (ADB) is prepared to lend India up to $12 billion over the next 3 years. India aims to become a $5 trillion

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Stocks in Asia Pacific mixed on Wednesday

SYDNEY, Australia – Asian bourses were mixed on Wednesday, with stocks in Japan and Australia making headway, while Chinese share markets drifted lower. Japan’s Nikkei 225 gained 23.34 points or

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China hits back at U.S. with range of new tariffs

BEIJING, China – Behind the sharp sell-off on Wall Street on Friday was the announcement earlier by China that it was imposing $75 billion worth of tariffs on U.S. goods,

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Wall Street pulls ahead on Wednesday

NEW YORK, New York – U.S. stocks rose strongly on Wednesday as retailers reported positive earnings and the minutes of last month’s Federal Reserve meeting revealed members debated a larger

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Greenery and water to take centre-stage at Dubai Expo

DUBAI, UAE – In October next year, Dubai will take to the world stage for a long antipated international event it won the rights to in 2014. The Expo 2020

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Australian stock markets dive

SYDNEY, Australia – Australian stock markets shattered on Thursday, extending losses on Wall Street and European exchanges overnight. Japanese stocks fell, however in China there were small advances registered. The

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17 more Goldman Sachs directors hit with fraud charges

KUALA LUMPUR, Malaysia – Criminal charges were filed in Malaysia on Friday against 17 current and former directors of Goldman Sachs. Friday’s filings are the second set of charges to

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Wall St shines as investors weigh back into stocks

NEW YORK, New York – Wall Street bounced higher on Thursday in line with a significant spike up in stocks across the globe. The rally came as a welcome relief

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Stocks in Asia in meltdown, safe-haven currencies jump

SYDNEY, Australia – Stocks in Asia were in meltdown on Monday, with key indices closing sharply in the red. Safe-haven currencies, the Japanese yen, Swiss franc and the U.S. dollar

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Trump sends global markets into tailspin

SYDNEY, Australia – The turmoil U.S. stocks faced on Thuersday was spreading globally on Friday. As news broke of the Trump announcement of new tariffs on Chinese goods, to commence

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Wall St mixed as British pound takes a bath

NEW YORK, New York – Stocks were mixed on the first day of the new trading week in the U.S. on Monday. With trade talks between China and the United

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Positive day on Asian markets Tuesday

[unable to retrieve full-text content] SYDNEY, Australia – Stocks in Asia surged on Tuesday, while the U.S. dollar also forged ahead. The euro fell sharply, relinquishing the 1.1200 handle. In

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UAE forging strong ties with China

[unable to retrieve full-text content] ABU DHABI, UAE – Whilst the United States and China are at odds, impacting the economies of both countries, as well as the broader global

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Wall Street eases but dollar continues rise

[unable to retrieve full-text content] NEW YORK, New York – Stocks in the U.S. were patchy and weak on Tuesday with no news to drive the market. The U.S. dollar

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Lockheed Martin pays tribute to Trump over Wisconsin expansion

[unable to retrieve full-text content] MILWAUKEE, Wisconsin – Derco, a Lockheed Martin company, is planning to expand its plant in Milwaukee, Wisconsin, by up to 15% by the end of

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China speeding up efforts to restructure economy

[unable to retrieve full-text content] The United States and China have reached a truce in their escalating trade war. Following a meeting between US president, Donald Trump and his Chinese

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Pharmaceutical giant opens new manufacturing plant in Ireland

[unable to retrieve full-text content] CO. DUBLIN, Ireland – Takeda has officially opened a new cutting-edge manufacturing plant at its site at Grange Castle, in Co. Dublin in Ireland. The

Business

U.S. stock markets close at record highs

[unable to retrieve full-text content] NEW YORK, New York – Buyers took charge on Wall Street on Wednesday, sending all the major indices to record highs. The U.S. dollar too

Business

Final seventh generation Chevrolet Corvette sells at auction

[unable to retrieve full-text content] UNCASVILLE, Connecticut – The final seventh generation Chevrolet Corvette has been sold at auction for a record $2.7 million. The auction took place at Barrett-Jackson