• Higher interest rates: Sign of economic strength - or a risk?
Higher interest rates: Sign of economic strength - or a risk?

The Dow Jones stock market average dropped by 831 points, which is 3.15 percent of its opening value on Wednesday. He has repeatedly criticized the central bank for raising interest rates this year, decisions aimed at preventing the economy from overheating.

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  • Musk denies James Murdoch taking over as Tesla's Chairman
Musk denies James Murdoch taking over as Tesla's Chairman

Thanks to his vision and audacious showmanship, Tesla's valuation has at times eclipsed that of traditional, established US auto makers with billions in revenues and the company has garnered legions of fans, despite repeated production issues.

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  • Facebook says attackers stole details from 29 million users
Facebook says attackers stole details from 29 million users

However, unlike other major hacks involving big companies, Facebook said it had no plans to provide protection services for concerned users. It's safe to say that this recent Facebook access token hack is a complete mess - much more than a simple inconvenience that might have forced you to log back in to your Facebook account on your devices....

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  • On the world's new longest flight, there is no cattle class
On the world's new longest flight, there is no cattle class

Singapore Airlines will use the long-range Airbus A350-900ULR, configured to carry 161 passengers - 67 in business class and 94 in premium economy, with no economy seats. The airline says it resumed the service using aircraft with improved fuel efficiency. Qantas could soon take the crown for the longest flight, as it has plans to introduce a...

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  • Dow Jones opens UP 350 points after two straight days of plunges
Dow Jones opens UP 350 points after two straight days of plunges

Earnings at S&P 500 companies are estimated to have risen 21.5 per cent in the third quarter, according to I/B/E/S data from Refinitiv, a slowdown from the previous two quarters. GM shed 2.2 percent to $31.60, its lowest in nearly two years, and Ford dipped 2.8 percent to $8.57, its lowest in nearly nine years. Jobless claims were reported at 214...

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  • Andrew Brunson: Turkey to release United States pastor Brunson
Andrew Brunson: Turkey to release United States pastor Brunson

The court passed a three years and 1-1/2 month sentence on Mr Brunson , who had been charged with terrorism offences, but said he would not serve any further time because he had already been detained since October 2016. Vice President Mike Pence tweeted: "Pastor Andrew Brunson is coming home!" Oh that's wonderful! Thank you so much for letti...

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  • DUP steps up warning to May not to compromise on Border
DUP steps up warning to May not to compromise on Border

Cabinet ministers briefed on Brexit talks said the issue of the Irish backstop was also close to being settled, the newpaper said . Theresa May is facing the threat of Cabinet resignations after she accepted European Union demands that there will be no time limit on her controversial Brexit backstop plan .

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  • How Sensex lost Rs 4 lakh crore after Donald Trump’s insane comment
How Sensex lost Rs 4 lakh crore after Donald Trump’s insane comment

The S&P 500, the market benchmark, closed over 2% lower on Thursday, its sixth straight daily decline. At the closing bell, the Dow Jones Industrial Average was at 25,049.65, down 2.1 percent or 545 points, bringing its losses for the week to more than five percent.

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  • Trump warns he could do ‘a lot more’ on China trade
Trump warns he could do ‘a lot more’ on China trade

The on-going trade spat between the two world powers has taken its toll on the global economy. Imports grew 14.3 percent, slightly missing forecasts, customs data showed Friday. It is far from clear that the U.S. might be preparing to consider lifting penalty tariffs on about $250 billion of Chinese products. The yuan has fallen for weeks again...

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  • Financial Times reports: UK PM Theresa May says Brexit deal is close
Financial Times reports: UK PM Theresa May says Brexit deal is close

Sterling rose against a weaker dollar on Thursday on hopes of a Brexit deal, but concern among investors about the Ireland border issue kept gains in check. But it is opposed by some within her own party who argue it would compromise the UK's sovereignty - former foreign secretary Boris Johnson has led criticism and Brexiteers have backed a "Ca...

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  • Trump calls U.S. stock sell-off 'a correction'
Trump calls U.S. stock sell-off 'a correction'

But those actions have drawn scorn from Trump, who has accused the Fed of moving too fast in raising rates when inflation is minimal and government data points to a strong economy. Last week's jump in yields followed strong U.S. data but many analysts have been anticipating a change in the dynamics in the bond market due to expectations that centra...

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  • Fed ‘has gone crazy’ as it raises interest rates
Fed ‘has gone crazy’ as it raises interest rates

Donald Trump's use of the word correction to describe the sell-off could be significant. Currency investors took shelter in the safe-haven yen, resulting in steep losses for Japanese exporters, with electronics giant Sony down almost five percent as blue-chip firms flashed red across the trading board.

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  • IMF's Lagarde warns trade, currency wars could be detrimental for growth
IMF's Lagarde warns trade, currency wars could be detrimental for growth

The IMF said that global growth rates have hit a plateau at 3.7%, and would continue to remain at this level in 2019-'20. The country's Gross Domestic Product growth rate accelerated to 8.2% in the first quarter of 2018-'19. Last year, China shipped goods worth $375 billion more to the US than it took in from the United States, a figure Trump h...

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  • Did Crown Prince Order Murder of Saudi Journalist?
Did Crown Prince Order Murder of Saudi Journalist?

Khashoggi was killed within two hours of his arrival at the consulate by a team of Saudi agents, who dismembered his body with a bone saw they brought for the goal. Khashoggi's fiancee, Cengiz, who was waiting outside, first raised alarm when he did not emerge from the building past its hours of operation. She acknowledged the writer first visit...

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  • Sears On Brink Of Bankruptcy, Report Says
Sears On Brink Of Bankruptcy, Report Says

Lampert and ESL are the company's two largest shareholders. Neither Sears nor M-III Partners returned requests for comment. Sears faces US$134 million of debt maturing on October 15, and Lampert's ESL Investments said in a filing last month that the borrowings coming due were among those creating "significant near-term liquidity constraints" for ...

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  • Wall Street dives, setting the ASX up for heavy losses at open
Wall Street dives, setting the ASX up for heavy losses at open

The Nasdaq composite, which has a high concentration of technology companies, suffered its biggest loss in more than two years and has dropped nearly 8 percent since the start of October. Tom Cahill of Ventura Wealth Management said investors were also unnerved by remarks from luxury company LVMH of a crackdown on some goods in China amid the cou...

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  • Turkish media show images of writer’s ‘assassination squad’
Turkish media show images of writer’s ‘assassination squad’

A veteran journalist, Khashoggi disappeared on October 2 after entering Saudi Arabia's consulate in Istanbul to arrange paperwork for his wedding to Cengiz, a Turk. Senators Bob Corker (R-Tennessee) and Bob Menendez (D-New Jersey), chairman and ranking member of the Senate Foreign Relations Committee, and Lindsey Graham (R-South Carolina) and...

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  • India may continue with Iranian oil imports post sanctions
India may continue with Iranian oil imports post sanctions

Iran's Oil Minister Bijan Zanganeh on Monday dismissed as "nonsense" claims by the Saudi crown prince that Saudi Arabia can replace sanctions-hit Iranian oil in the market. The current stance differs drastically from the administration's position just four months ago, when Trump was pressuring his administration to fully enforce USA sanctions on Ir...

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  • Nigeria's growth not enough to create jobs, says International Monetary Fund
Nigeria's growth not enough to create jobs, says International Monetary Fund

The new forecasts, released on the Indonesian resort island of Bali where the International Monetary Fund and World Bank annual meetings are getting underway, show that a burst of strong growth, fueled partly by US tax cuts and rising demand for imports, was starting to wane.

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  • India defies USA, buying Iranian oil despite sanctions
India defies USA, buying Iranian oil despite sanctions

Reuters said that Indian Oil would buy six million barrels of oil and Mangalore Refinery and Petrochemicals three million barrels. A USA government official said on Friday that the Trump administration is actively considering waivers on sanctions it will re-impose next month for countries that are reducing their imports of Iranian oil.

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