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Surprise stimulus by Chinese central bank lifts Asian stocks

SYDNEY, Australia – Stocks in Asia Pacific mostly rose on Monday after a surprise move by China to trim a key interest rate. The move by China’s central bank to

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U.S. Federal Reserve sees sustained expansion of economic activity

WASHINGTON, DC – The U.S. Federal Reserve remains upbeat about the American economy citing favorable consumer confidence, a strong jobs market, wages growth, and robust household consumption. “The U.S. economy

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Heavy going on Wall Street as about-turns on China weigh

NEW YORK, New York – U.S. stocks were weaker on Monday as the trade ructions with China continued, Moody’s changed it’s outlook for the UK from stable to negative, and

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Asian stock markets subdued, Nikkei 225 makes modest gain

SYDNEY, Australia – There was little follow-through in Asia on Friday of the euphoria which gripped Wall Street overnight, sending the major indices into record territory. Only the Japanese market

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McDonald’s shares fall 3% on CEO ousting

CHICAGO, Illinois – Shares in McDonald’s Corp fell more than 3% on Monday despite rising stock prices across the board. The loss of value in the company was attributed to

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Phone call between Beijing and Washington sends Wall Street soaring

NEW YORK, New York – A telephone call between Washington and Beijing seemed to be enough to ignite markets in the U.S. on Friday. China’s Xinhua news agency on Friday

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Corbyn over the line, election is on in Britain

LONDON, UK – Britain’s Labour Party has agreed to support Prime Minister Boris Johnson’s proposed election in December, clearing the way for it now to proceed. The date however has

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Propspects for U.S.-China trade push U.S. indices to positive close

NEW YORK, New York – U.S. stocks made solid gains on Friday with positive news on the U.S.-China trade front, and an agreement by the European Union to extend the

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Air New Zealand to fly direct from Auckland to New York

AUCKLAND, New Zealand – Air New Zealand is to launch a non-stop route from Auckland to New York. The new service is slated to commence in October next year. The

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Asian Development Bank returns to U.S. bond market

MANILA, Philippines – The Asian Development Bank (ADB) has raised $3 billion through a 5-year global benchmark bond issue. It is the first time in a while the bank has

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Brexit looming as major threat to Irish economy

DUBLIN, Ireland – The Irish government is making more than 1 billion euro available in the budget to provide for a No Deal Brexit. The funding will be used to

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North Korea turns eye to robot technology

PYONGYANG, North Korea – Rapid progress is being made in developing robot technology in North Korea. At the 2019 National Exhibition of Sci-Tech Achievements in the Field of Robot held

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Global sell-off continues in Asia, Nikkei 225 drops 436 points

SYDNEY, Australia – The selling on global stocks extended to Asia on Thursday for the second day in a row. After getting caned a day earlier, sellers were out in

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Vietnamese economy growing at 7.31%

HANOI, Vietnam – Robust growth in exports and manufacturing has lifted Gross Domestic Product (GDP) in Vietnam to 7.31%. The figure for the third quarter is significantly improved on last

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Stocks in Japan and Hong Kong head higher

SYDNEY, Australia – Australian and Chinese stocks were lower on Thursday, while in Japan and Hong Kong stocks were being bid higher. The U.S. dollar strength continued with all currencies

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Barron Hilton bows out in Centenary Year of Hilton Hotels

LOS ANGELES, California – Hotelier and philanthropist Barron Hilton who died on Thursday of natural causes at his home in Los Angeles, will leave 97% of his multi-billion dollar fortune

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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

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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

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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

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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,