Economy

U.S. oil imports down, exports up last week

U.S. oil imports down, exports up last week

What does this mean for the USA oil industry? Worries about a slowdown in economic growth due to the U.S. "That will push up Brent prices, while weakening US oil". Concerns about demand for swelling...

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U.S. awards $7.6 bln cloud contract to General Dynamics

U.S. awards $7.6 bln cloud contract to General Dynamics

DOD will purchase a variety of cloud-based tools through DEOS including email, word processing, spreadsheets, file sharing and storage. This 10-year deal will see the replacement of the Department o...

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China indicates it will not retaliate now on new U.S. tariffs

China indicates it will not retaliate now on new U.S. tariffs

US tariffs have been imposed on $250-billion of Chinese products so far since the trade war began in 2018. United States stocks rallied more than 1 per cent on Thursday on positive sentiment about t...

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Stocks rise despite 30-year Treasury bond yield hitting record low

Stocks rise despite 30-year Treasury bond yield hitting record low

Treasuries sinking to a record low of 1.90% Wednesday. "I don't know", he said. The news also comes after a few bumpy weeks in the bond markets. The pan-European STOXX 600 .STOXX ended more than...

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Nebraska corn growers issue rare rebuke of Trump

Nebraska corn growers issue rare rebuke of Trump

The rule Brian mentions is the EPA Renewable Fuel Standard requiring refineries to blend 15 billion gallons annually. He also says the large number of small refinery waivers granted by the EPA has had...

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UK Declares $3.3 million to Assist British nationals in European Union prepare Brexit

UK Declares $3.3 million to Assist British nationals in European Union prepare Brexit

The British government is providing up to £3 million in grant funding for charities and other voluntary organisations who will inform United Kingdom nationals about the need to register or apply for r...

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‘Indian Bank, Allahabad Bank merger may be a smooth affair’

‘Indian Bank, Allahabad Bank merger may be a smooth affair’

SLBC is a consultative and co-ordination body of all financial institutions operating in each state. Ms Sitharaman also said that loan recovery of PSU banks was at record levels as Rs 1.21 lakh ...

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India's GDP growth slows to 5% in April-June

India's GDP growth slows to 5% in April-June

A slowdown in the June quarter appeared more pronounced due to an unfavourable base effect, too, because the economy had grown at 8 per cent in the first quarter of FY19. The government and the RBI ha...

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Mergers lack logic, will destabilise finance and economy more: Bank unions

Four NBFCs have received liquidity from banks since last week, the Finance minister says and briefs steps taken to make banking more efficient. Earlier it maybe recalled that State Bank of India h...

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Toyota and Suzuki partner up on autonomy with capital alliance

Toyota and Suzuki partner up on autonomy with capital alliance

Mirroring a similar arrangement between Toyota and Mazda , the latest alliance will help the Japanese car-makers meet the demands of developing pure-electric and autonomous vehicles as well as challen...

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Irish Data Protection Commission is looking into Windows 10 regarding privacy concerns

Irish Data Protection Commission is looking into Windows 10 regarding privacy concerns

Having found "new, potentially unlawful, instances of personal data processing", the agency is calling for an investigation by the Irish Data Protection Commission (DPC), Microsoft's lead European Uni...

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Popeyes chicken sandwich is officially sold out -- for now

Popeyes chicken sandwich is officially sold out -- for now

Popeye's broke the fast-food world - and the internet - when it released its new chicken sandwich earlier this month. As a result, there are no more sandwiches to sell. Sneed was impressed with...

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Peace offering: Chick-fil-A worker hands out sandwiches to Popeyes employees

Peace offering: Chick-fil-A worker hands out sandwiches to Popeyes employees

Because Walker has yet to try Popeyes' sandwich and will probably have to wait even longer since the company officially announced they were sold out nationwide, she says for now, her allegiance ...

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More than 26000 glass cooktops recalled because they can turn themselves on

More than 26000 glass cooktops recalled because they can turn themselves on

Health Canada said anyone who owns one of the affected products should stop using it immediately and contact Whirlpool for a free replacement. Call Whirlpool toll-free at 888-900-7897 from 8 a.m. A...

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Japan, S.Korea foreign ministry envoys meet

Japan, S.Korea foreign ministry envoys meet

Following an angry reaction from Washington, Seoul said this week it could reconsider its decision to end the military agreement, which remains in effect until November, if Japan relists South Korea...

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Ex-Google Engineer Charged with Stealing Trade Secrets for Self-Driving Cars

Ex-Google Engineer Charged with Stealing Trade Secrets for Self-Driving Cars

Self-driving auto technology pioneer Anthony Levandowski has been charged with 33 counts of trade secrets theft. Levandowski stands accused of downloading 14,000 secret Waymo files detailing t...

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Hong Kong Unrest Disrupts Tiffany's Q2 Sales

Hong Kong Unrest Disrupts Tiffany's Q2 Sales

Tiffany reported fiscal second quarter profit of $136.3 million, or $1.12 per share, in the three months ended July 31. The protests add to Tiffany's looming concern about a drop in Chinese tou...

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China rotates new troops into Hong Kong amid mass protests

China rotates new troops into Hong Kong amid mass protests

At first glance, the 28-story tower in Hong Kong doesn't stand out too much from its neighbors in the Admiralty neighborhood, where local government buildings and luxury malls proliferate. "The repe...

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China’s Central Bank Digital Currency Could Launch By November

China’s Central Bank Digital Currency Could Launch By November

While the designation is simply symbolic, the move has increased, if not escalated, trade war tensions between the world's two largest economies. Binance analysts say the digital currency will b...

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BMW X6 Vantablack Arrives In World's Darkest Black Color

BMW X6 Vantablack Arrives In World's Darkest Black Color

The show auto is a collaboration between BMW and Surrey NanoSystems , the company supplying Vantablack technology. BMW's creative director of automotive design, Hussein Al Attar, says he can ...

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FDI norms eased for single brand retail, digital media, manufacturing

FDI norms eased for single brand retail, digital media, manufacturing

While contract manufacturers such as Foxconn, which makes iPhones for Apple , have set up shop in India , till now there was no clarity on which FDI rules applied to them. There has been $286 billio...

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Boris Johnson moves to suspend UK Parliament as Brexit looms

Boris Johnson moves to suspend UK Parliament as Brexit looms

The move limits the amount of parliamentary time available to lawmakers who want to prevent him taking the country out of the European Union without an exit deal. Nicola Sturgeon, the first minister...

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Berkshire Hathaway Inc. (BRK-B): Do You Have This Stock in Portfolio?

Berkshire Hathaway Inc. (BRK-B): Do You Have This Stock in Portfolio?

Investors are typically scoping out the next great stock choice. Staying on top of the key economic data can help provide a good baseline for stock investing decisions in the near future. This fal...

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US stocks rally for US-China trade war thaw

US stocks rally for US-China trade war thaw

In remarks at the Fed's annual symposium, Powell acknowledged that uncertainty from the trade war was threatening global growth, but offered little insight into the Fed's next moves, cautioning that...

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Boris Johnson's suspension of British parliament draws criticism from Ireland

Boris Johnson's suspension of British parliament draws criticism from Ireland

Speaking on the latest developments in Westminster, Coveney said, "My focus is on trying to find a way of getting a deal that's consistent with the commitments the British government has made over the...

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This is nothing but a loot of RBI: Rahul Gandhi

This is nothing but a loot of RBI: Rahul Gandhi

India's government will receive a 1.76 trillion-rupee (S$34 billion) windfall from the central bank, which it may use to cut borrowings and recapitalize banks to help spur economic growth. Central g...

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Crowds force Costco to limit numbers at first store in China

Crowds force Costco to limit numbers at first store in China

According to state media, the USA chain, Costco Wholesale Corp, was forced to shut after crowds rammed through the doors. Inside the store, consumers flooded the aisles and got into altercations o...

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US Fed should help defeat Trump in 2020: ex-Fed official

US Fed should help defeat Trump in 2020: ex-Fed official

The former president of the Federal Reserve of NY argued in an op-ed that the central bank should intentionally withhold stimulus from the economy to make sure President Donald Trump has to end his tr...

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5.7M kids water bottles recalled because of choking hazard

5.7M kids water bottles recalled because of choking hazard

The silicon mouthpiece can become detached during use, and could lead to choking if swallowed. No injuries have been reported. Almost 6 million kids water bottles have been recalled due to a cho...

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Gold, Treasuries rise as recession, trade fears rattle investors

Gold, Treasuries rise as recession, trade fears rattle investors

The 30-year swap spread - as the gap between the two measures is known - sits near a two-year low. In China, there continues to be an uncomfortable non-confirmation that there have been recent high le...

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Gold hovers near 6-year peak on slowdown fears, trade jitters

Gold hovers near 6-year peak on slowdown fears, trade jitters

Escalating risks to global trade and the likely impact of tariffs on growth and inflation have sent investors scrambling for the yellow metal, which over the last 12 months has surged almost 29% to US...

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MI poll: Whitmer has negative approval rating, voters want to replace Trump

MI poll: Whitmer has negative approval rating, voters want to replace Trump

Bernie Sanders edges out Trump 53 percent to 39 percent, Massachusetts Sen. Elizabeth Warren , and former Vice President Joe Biden are now bunched together in the national Democratic presidential ...

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US, Japan agree to deal in principle

US, Japan agree to deal in principle

US President Donald Trump and Japanese Prime Minister Shinzo Abe had made the announcement on Sunday. Chief Cabinet Secretary Yoshihide Suga said he believed the United States would not resort...

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AT&T workers across southeast on strike

AT&T workers across southeast on strike

The strikes come less than a week after CWA members initiated a strike in Florida and filed unfair labor charges against AT&T for "illegally disciplining members for wearing union memorabilia" and e...

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Gas prices dropping ahead of last holiday weekend of summer

Gas prices dropping ahead of last holiday weekend of summer

The combination of both lower demand and fuel production costs typically puts downward pressure on pump prices through the end of the year. "I think it would mitigate any impact of a recession", Lip...

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