Economy

Country risk soars, traders dump assets as fears of Argentina default loom

Country risk soars, traders dump assets as fears of Argentina default loom

LONDON, Aug 13 (Reuters) - The Japanese yen remained near seven-month highs on Tuesday and the U.S. dollar supported, as investors unnerved by the Sino-U.S. On Friday, Wall Street snapped a three-day ...

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Facebook has been listening to users' voice messages without their knowledge

Facebook has been listening to users' voice messages without their knowledge

While this is bad enough on its own and considering the other multiple privacy concerns Facebook has been regularly facing, it's even more damning when you take into account CEO Mark Zuckerberg's co...

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Allegiant Airlines to offer non-stop flights from South Bend to Sarasota

Allegiant Airlines to offer non-stop flights from South Bend to Sarasota

Bishop International Airport in Flint said new, direct flights to Sarasota, Fla., will start this fall. The airport is celebrating with a 24-hour, one-way sale with fares as low as $69. MidAmerica A...

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Burger King employees fired over 'unacceptable' pig drawing on cop's food wrapper

Burger King employees fired over 'unacceptable' pig drawing on cop's food wrapper

Rosenthal shared a photo of the offending drawing on social media, where it went viral. Officer Timo Rosenthal was on duty and in uniform while on his lunch break Thursday afternoon when he ordered ...

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Acura Type S concept unveiled

Acura Type S concept unveiled

While it's primarily form and not so much function that Acura has focused on here, the Type S Concept doesn't completely put engineering aside. The side profile is clean and continues the sporty the...

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Norwegian Air ends trans-Atlantic flights from Hamilton over 737 Max grounding

Norwegian Air ends trans-Atlantic flights from Hamilton over 737 Max grounding

Norwegian says their decision comes following a review of transatlantic operations, in the wake of the grounding of the Boeing 737 MAX aircraft that it was to use from Shannon to Stewart and Provide...

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Airtel and Voda Idea shares dip on back of Jio’s announcements

Airtel and Voda Idea shares dip on back of Jio’s announcements

Reliance Jio will offer a free FullHD TV or a Home PC with Jio Forever Plan. You will have to enrol for Jio's annual packages in order to avail this offer. The top-of-the-line package is priced arou...

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Tariffs Delayed For Some Chinese Imports

Tariffs Delayed For Some Chinese Imports

The USTR said it was postponing the long-threatened tariffs due to "health, safety, and national security , and other factors". However, for some of that gear, the tariff hike will be delayed to Dec...

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India’s passenger vehicle sales drop at steepest pace in almost two decades

India’s passenger vehicle sales drop at steepest pace in almost two decades

Out of the total passenger vehicle sales, the figure for the passenger auto segment declined 35.95 per cent to 1,22,956 in July, according to SIAM data. "We are hopeful of a revival package soon", Mat...

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Global stock markets crash as USA trade war with China escalates

Global stock markets crash as USA trade war with China escalates

That's when the government allowed market forces to take over and the Chinese yuan fell below 7 to the US dollar for the first time in over a decade. Just what the fragile global economy didn't need...

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Singapore slashes 2019 growth forecast stoking recession fears

Singapore slashes 2019 growth forecast stoking recession fears

Going forward, MTI said that the GDP growth in many of Singapore's key markets such as the United States (US) and China are expected to either slow or remain similar to the first half of this year. Al...

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Billionaire Jim Pattison makes offer to take lumber maker Canfor private

Billionaire Jim Pattison makes offer to take lumber maker Canfor private

Shares bounced 70 per cent to $15 a share at the opening of trading Monday. The cash deal is estimated at $981.7 million. Canfor produces primarily softwood lumber and also owns a 54.8% interest in ...

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CannTrust Ontario facility gets non-compliant rating from Health Canada

CannTrust Ontario facility gets non-compliant rating from Health Canada

It more recently dropped 50% in a matter of weeks following the initial finding that it was growing marijuana in unlicensed rooms . CannTrust continued to slide on Monday after Health Canada deal...

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Elon Musk Supports Democratic Candidate

Elon Musk Supports Democratic Candidate

Musk's tweet in support of Yang has already gathered over 15,000 retweets and almost 80,000 likes. Changing one's mind is not a bad thing'. In response to a tweet Yang, 44, posted about being open...

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Oil prices slip as demand outlook, trade dispute weigh

Oil prices slip as demand outlook, trade dispute weigh

Mounting signs of an economic slowdown and a ratcheting up of the U.S. The price of the key U.S. marker crude, West Texas Intermediate (WTI), fell more than 20% below its 2019 settlement high of $US...

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CannTrust says facility in Vaughan, Ont., rated non-compliant by Health Canada

Documents or information that were not retained in a manner to enable Health Canada to complete its audit in a timely manner. The new non-compliant order comes a month after Health Canada inspectors...

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America's number-one sneaker retailer jumps into the subscription business

America's number-one sneaker retailer jumps into the subscription business

Officially called the Nike Adventure Club , the service allows parents to swap out shoes on a regular basis to keep up with their child's growing feet (and, presumably, changing tastes). You're free ...

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Air Canada ups purchase price in Transat bid, securing largest shareholder's support

Air Canada ups purchase price in Transat bid, securing largest shareholder's support

Air Canada, Canada's largest airline, raised its offer for Transat by 38.5% to C$18.00 per share on Sunday, winning support from its largest shareholder Letko Brosseau, which holds about 19.3% of shar...

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Chick-fil-A Launches New Mac & Cheese Nationwide

Chick-fil-A Launches New Mac & Cheese Nationwide

Chick-fil-A made its first permanent addition to its menu in three years Monday when it added mac and cheese as an option for diners across the country. The chain added it will also begin selling fr...

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WordPress owner Automattic buys blogging platform Tumblr for an undisclosed amount

WordPress owner Automattic buys blogging platform Tumblr for an undisclosed amount

Personal blogging social network Tumblr - a waning haven for artists and fandoms - will exit the portfolio of current owners Verizon and be parted off to Automattic Inc., owners of Wordpress , anothe...

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Recession Fears Rising Over Continued Trade War Tension, Goldman Sachs Says

Recession Fears Rising Over Continued Trade War Tension, Goldman Sachs Says

The trade war with China has a greater than expected effect on the USA economy, increasing the risk of a recession, Goldman Sachs warned on Monday. The Chinese also seem to be content to wait unti...

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Tesla electric vehicle bursts into flames after hitting tow truck in Moscow

Tesla electric vehicle bursts into flames after hitting tow truck in Moscow

Shortly thereafter, the Tesla caught fire with the flames ultimately destroying the vehicle entirely. Tesla, which has come under scrutiny by regulators following several accidents involving sel...

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Stock futures fall on trade war, global growth worries

Stock futures fall on trade war, global growth worries

Hong Kong's Hang Seng Index declined 1.1%. All three major USA stock indexes closed sharply lower in light trading, with little to soothe market jitters over Hong Kong protests, Argentine President ...

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Hong Kong stocks open with losses; Shanghai gains 0.3%

Hong Kong stocks open with losses; Shanghai gains 0.3%

Australian shares dipped about 0.1 per cent while the South Korean market clawed back from early losses to rise 0.12 per cent. Investors were encouraged by hopes global central banks will keep inter...

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BlackRock takes huge stake in parent of Sports Illustrated

BlackRock takes huge stake in parent of Sports Illustrated

The fund and affiliated entities invested US$875 million, said Andre Bourbonnais, head of Long-Term Private Capital. Its portfolio of more than 50 brands includes Elvis Presley, Muhammad Ali, Shaqui...

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Vedanta chairman Anil Agarwal's Volcan Investments shows interest in Jet Airways

Vedanta chairman Anil Agarwal's Volcan Investments shows interest in Jet Airways

Panama-based fund Avantulo Group is one of the three entities which have submitted EoIs said another source. However, the lenders of Jet Airways are finding it hard to sell the airline. "Regrettably...

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You can buy a lifetime pasta pass at Olive Garden Thursday

You can buy a lifetime pasta pass at Olive Garden Thursday

You can take part in the Never Ending Pasta Bowl promotion on a nightly basis instead, with the unlimited perks starting at $10.99. The company will sell 24,000 Never Ending Pasta Passes beginning...

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Britain's FCA looking into Muddy Waters short attack on Burford Capital

Britain's FCA looking into Muddy Waters short attack on Burford Capital

Christopher Bogart , chief executive of Burford, said the company's "market-leading" business is the same as it was a week ago. In its statement Monday, Burford said that in the hours after Muddy W...

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British government's Hong Kong intervention riles China

British government's Hong Kong intervention riles China

In a statement, the airport said operations had been " seriously disrupted " by the public assembly. But in a Monday message to staff, chief executive Rupert Hogg reiterated that Cathay Pacific empl...

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Hong Kong airport authority cancels all flights for Monday

Hong Kong airport authority cancels all flights for Monday

The Chinese foreign ministry in Hong Kong declared that those remarks revealed the "dark and twisted side of United States psychology". Local media reported that they were accused of leaking the tra...

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AMD launches 2nd-gen Epyc processors

AMD launches 2nd-gen Epyc processors

Based on the new Zen 2 architecture that underpins the newly released Ryzen 3000 desktop processor family , EPYC 7002 chips bring a significant performance and density improvements over their EPYC ...

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NYSE trader on fluctuating markets: 'Uncertainty is what we have'

NYSE trader on fluctuating markets: 'Uncertainty is what we have'

China let the yuan slide past the key 7 per dollar level on Monday for the first time since the global financial crisis, days after the United States threatened to slap a 10% tariffs on $300 billi...

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Jio Fiber launch from September 5 with 100Mbps speeds

Jio Fiber launch from September 5 with 100Mbps speeds

Currently GigaFiber users are not being charged. At the event, Reliance is expected to announce the commercial launch of its broadband service, JioGigaFiber . Jio Preview users have to pay Rs 2,500...

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Disney To Offer Disney+, ESPN+, And Hulu Bundle

Disney To Offer Disney+, ESPN+, And Hulu Bundle

The revenue posted was $20.25 Billion versus $21.47 Billion expected. Disney shares fell more than 3% in after-hours trading, to around $137. Disney plans to make use of all the marketing muscle i...

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Chase Bank Forgives All Credit Card Debt for Customers in Canada

Chase Bank Forgives All Credit Card Debt for Customers in Canada

But a letter from the credit card issuer a day later confirmed that financial institutions are capable of forgiveness. "I'm honestly still so ... flabbergasted about it, ' Adamson said. It's uncle...

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