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Wall Street returning to normal, Dow Jones jumps 527 points

NEW YORK, New York – Wall Street roared on Wednesday with all the major indices making solid ground. Optimism about the re-awakening of the U.S,. economy after spending around two

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Australian state to spend $3 billion on infrastructure to create jobs

SYDNEY, NSW, Australia – Australia’s most-populated state is to throw another $3 billion at infrastructure projects to boost employment prospects in the post-coronavirus period. The announcement on Sunday will see

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Hong Kong shares drop after security law passes

SYDNEY, Australia – Stocks in Asia were higher on Thursday, although in Hong Kong there was little rookm for celebration. China on Thursday overwhelmingly voted to approve new security laws,

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Hertz, Dollar and Thrifty file for bankruptcy

ESTERO, Florida – Hertz Global Holdings, Inc.and certain U.S. and Canadian subsidiaries have filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of

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Defying economic downturn, Apple plans 25 new U.S. stores

Washington DC [USA], May 18 (ANI): Apple is all set to open 25 more of its stores in the U.S. and twelve in Canada, but people who will be visiting

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Germany now in recession, two consecutive quarters of contraction

BERLIN, Germany – The German economy shrank 2.2% in the first quarter, the most in more than a decade, offering an early flavor of the damage from the coronavirus outbreak.

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Nasdaq makes modest gains, U.S. industrial stocks lose ground

NEW YORK, New York – Modest demand for technology stocks pushed the Nasdaq higher on Monday, however the Dow Jones lost ground on the day, while the Standard and Poor’s

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Stocks rally across the globe, despite massive U.S. job losses

NEW YORK, New York – U.S. stocks, joining a worldwide rally, roared on Friday despite data indicating that 20.5 million jobs were lost in the country in April. Traders were

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Many Asian markets closed Tuesday, Hong Kong and Oz trade higher

SYDNEY, Australia – Stocks in Hong Kong bounced back on Tuesday. After losing more than 1,000 points a day earlier, the Hang Seng clawed back 254.86 points or 1.08% on

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U.S. stocks tumble after Trump reignites trade war with China

NEW YORK, New York – There were heavy falls on Wall Street on Friday as U.S. President Donald Trump stepped up his rancour towards China over the origination of the

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Oil price collapse likely to lead to re-shaping of energy industry

When a staple commodity collapses to negative value it signals that something is clearly amiss in the global economy. When it is a global energy source like crude oil, it

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Corporate America back on life-support, courtesy of U.S. taxpayers

(Op-ed) Richard D. Wolff – Independent Media Institute 26th April 2020, 00:23 GMT+10 Consider this absurdity: The U.S. government’s policy in the face of the current capitalist crash is to

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Asian markets take a breather, minor gains and losses

SYDNEY, Australia – Stocks in Asia were mixed on Wednesday with minor losses being recorded in Tokyo and Sydney, while in Hong and Shanghai modest gains were made. It was

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World Bank helps Central American countries to combat virus

CENTRAL AMERICA – The World Bank has approved loans of $20 million each to support El Salvador and Honduras’ immediate response to the COVID-19 (coronavirus) pandemic. These projects, prepared in

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Wall Street joins worldwide drop in stock prices

NEW YORK, New York – World markets fell Wednesday, a day after the International Monetary Fund predicted that global economic output would shrink by 3% in 2020 as a result

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Graham in blistering attack on China, threatens debt default

WASHINGTON, DC – In what appears to be a concerted attempt to divert blame from the Trump administration’s handling of the coronavirus pandemic, Republican senators are ratcheting up support for

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Europe battens down the hatches in preparation for depression

After a faulty start to the coronavirus pandemic, the European Union members appear to be getting their act together, as they all appear to have abandoned ruinous slash-and-burn austerity policies

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Merits of globalization likely to be reassessed post Covid-19

(Op-ed) Marshall Auerback And Jan Frel – Independent Media Institute 6th April 2020, 01:14 GMT+10 When the wealthiest country in the world is unable to produce basic medical gear to

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Wall Street jumps, dollar pounds euro

NEW YORK, New York – U.S. stocks made strong gains on Thursday as oil prices turned up sharply, on the back of a reported deal between Russia and Saudi Arabia,

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Dubai property crash getting a boost from Covid-19

DUBAI, UAE – The Dubai property crash Mark II which began in 2014 is gaining momentum due to the coronavirus pandemic. Damac, one of the emirate’s biggest developers has recorded

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Big rise in Japanese stocks while Aussie markets dive

SYDNEY, Australia – Shares were decidedly mixed across Asia on Friday. In Japan they soared in value. In Australia they fell like a stone. In China stocks were flat. Buyers

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Fed fails to stabilize markets, Dow drops 582 points

NEW YORK, New York – Drastic moves by the U.S. Federal Reserve to provide unlimited quantitative easing, credit to small and medium-sized business, to defer student and credit card loans,

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Dow drops 913 points, now down 35% in five weeks

NEW YORK, New York – U.S. stocks plunged again on Friday, with all the major indices losing about 4%. At the close of trading the Dow Jones Industrial Average was

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Stability returns to markets at least for now, Australian stocks rise

SYDNEY, Australia – Stocks in Asia clawed back a small portion of their recent losses with most indices finishing somewhat higher. The Australian market performed best of all, recording its

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Wall Street makes dramatic recovery, Dow gains nearly 2,000 points

NEW YORK, New York – U.S. stocks made a dramatic recovery after see-sawing throughout much of Friday. Late in the day President Donald Trump declared a national emergency over Covid-19,