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News Trade

Leading Currencies Underscore Time as Traders Prepare for Vital Developments

The greenback and yen principally held the safe-haven high ground Tuesday, with traders wary of a looming deadline for U.S. tariffs on China, the British election, and upcoming Federal Reserve and European Central Bank conferences. Front of mind is whether or not Washington will go ahead with the latest round of tariffs on Sunday, or […]

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Market News

Asian Equity Market Eases U.S. Tariff Deadline Looms

Asian equity markets ticked down Tuesday, tracking Wall Street losses as traders fussed over a December 15 deadline for the subsequent round of U.S. tariffs on Chinese products to take effect. Adding to the market skepticism were statements from U.S. Agriculture Secretary Sonny Perdue Monday that while President Donald Trump didn’t wish to implement taxes, […]

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Business News

Sprint Talks About Struggle to Improve its Network Quality in First day of Merger Trial

Executives from Sprint testified Monday that the U.S. wireless carrier has struggled to improve its network, staling its progress and stressing the need to merge with larger competitor T-Mobile US. U.S. state attorneys general, led by New York City and California, are suing to cease the contract. The states seek to prove in Manhattan federal […]

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Business News

Johnson & Johnson Chief Refuses to Attend Congressional Hearing on Asbestos in Talc Products

Johnson & Johnson CEO Alex Gorsky has refused to appear at a U.S. congressional hearing set for Tuesday on the safety of the corporate’s Baby Powder and other talc-based products. In a declaration, the House of Representatives Subcommittee on Economic and Consumer Policy stated that its efforts to steer Gorsky to testify included “repeated attempts […]

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News Trade

Crude Oil Prices Plunge as Poor China Exports Underlines Trade War Damage

Oil prices dropped on Monday after data exhibiting China’s total exports of goods and services shortened for four consecutive months, sending currents through a market already concerned about the damage being done to world demand by the Sino-U.S. trade conflict. Brent futures had been down 21 cents, i.e., 0.3%, at $64.18 a barrel after gaining […]

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Market News

Institutional Shareholder Services Rejects Plan by Hudson’s Bay Chairperson to Make Firm Private

Institutional Shareholder Services stated Friday it recommends shareholders vote against a program by the chairman of Hudson’s Bay to take the Saks Fifth Avenue owner private after a bid from Catalyst Capital Group topped the offer. In October, Hudson’s Bay agreed to a C$1.9 billion ($1.4 billion) offer value C$10.30 per share from shareholders guided […]

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Finance News

Four Major U.S. Bank’s Reluctance to Lend Cash May Have Triggered Repo Rate Shock- BIS

The reluctance of the top four U.S. banks to lend cash mixed with a rise in demand from hedge funds for secured funding could explain a current hike in the U.S. money market rates, the Bank for International Settlements stated. Cash available to banks for short-interval funding all however dried up in late September, and […]

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Business News

Britain’s Retail Giant Tesco Mulls to Exit Asian Market

Britain’s biggest retailer, Tesco, has indicated a further departure from its once-grand global ambitions by beginning a review of its remaining Asian businesses, which could end in a sale of those Malaysian and Thai activities. Celebrating its 100th anniversary, Tesco is five years into a UK-centered recovery program initiated by Chief Executive Dave Lewis after […]

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Market News

U.S. Service Industry Activities Move at Slower Tempo

U.S. service industry activity slowed last month as lingering concerns about trade conflicts and worker shortages pushed production to its most bottom level in a decade, which could heighten fears in regards to the economy’s health. Other data on Wednesday confirmed private employers hired the fewest workers in six months last month. The reviews came […]

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Business News

Wall Street Regains on Renewed Sino-U.S. Trade Agreement Hopes

Wall Street regained Wednesday as investor optimism got a boost from U.S. President Donald Trump’s comments that discussions with China on an interim trade deal were going “very well.” All three major U.S. stock indexes snapped a three-day dropping strip with a broad-based rally, led by financial, healthcare and tariff-sensitive know-how stocks. Trump’s feedback supported a […]