US stocks rise on dovish Fed minutes

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NEW YORK: US stocks finished higher on Wednesday (Aug 16) after Federal Reserve policymakers hinted at a slower pace to future interest rate hikes and retailers gained following a solid earnings report by Target. The gains came as President Donald Trump disbanded a pair of business advisory boards … Powered by WPeMatico

Seven charged in US insider trading ring

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U.S. authorities on Wednesday announced insider trading charges accusing seven people of generating more than US$5 million of profit based on tips from a Bank of America Corp employee about dozens of pending corporate transactions. Powered by WPeMatico

Samsung, Foxconn to back cable-free phone tech

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A startup backed by Tony Fadell, one of the fathers of the Apple iPod, plans to announce Wednesday it is working with Samsung Electronics Co Ltd , Foxconn parent Hon Hai Precision Industry Co Ltd and others on a new way for mobile phones to transfer large amounts of data without using wires or … […]

US Fed Reserve can 'be patient' in raising rates: Minutes

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WASHINGTON: US central bankers remain divided over inflation risks, and some argue they can afford to “be patient” before raising rates again, according to the minutes of the last policy meeting released on Wednesday (Aug 16). The Federal Reserve had been expected to raise the benchmark lending … Powered by WPeMatico

European stocks rise ahead of Fed Reserve minutes

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LONDON: European and US stock markets rose on Wednesday (Aug 16) as investors looked ahead to the release of Federal Reserve minutes for clues on the US interest rate outlook. “European stock markets remain strong as the bullish sentiment that returned to the markets at the beginning of the week … Powered by WPeMatico

An Australian senator wore a burqa in Parliament — then called for a ban on Muslim immigrants – Washington Post

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Washington Post An Australian senator wore a burqa in Parliament — then called for a ban on Muslim immigrantsWashington PostFaceless in a long black burqa, the woman took a front-row seat in the Australian Senate chambers Thursday and sat like that for several minutes: silent, well aware she’d caused a scene. Then she rose with […]

US culture 'ripped apart' by statue removals: Trump – Channel NewsAsia

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Channel NewsAsia US culture ‘ripped apart’ by statue removals: TrumpChannel NewsAsiaWASHINGTON: President Donald Trump said Thursday (Aug 17) the history and culture of the United States were being “ripped apart” by the removal of statues memorializing the Confederate era. Protesters in North Carolina pull down Confederate statue.Donald Trump says US culture, history being ‘ripped apart’The […]

World's youngest Nobel Prize winner Malala Yousafzai to attend Oxford for 'degree that runs Britain' – The Straits Times

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Firstpost World’s youngest Nobel Prize winner Malala Yousafzai to attend Oxford for ‘degree that runs Britain’The Straits TimesMs Yousafzai, the 20-year-old Pakistani-born activist who is the world’s youngest Nobel laureate, on Thursday (Aug 17) tweeted a screenshot of her acceptance to the university. “So excited to go to Oxford!! Well done to all A-level students […]

U.S. jobless claims drop to near six-month low

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WASHINGTON – The number of Americans filing for unemployment benefits fell to near a six-month low last week, pointing to a further tightening in the labor market that could encourage the Federal Reserve to lay out a plan to start unwinding its massive bond… Powered by WPeMatico

Military action on North Korea is not an option, China tells visiting US general – South China Morning Post

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South China Morning Post Military action on North Korea is not an option, China tells visiting US generalSouth China Morning PostMilitary action is not an option in resolving the North Korean nuclear crisis, a senior Chinese army official told his US counterpart on Thursday. Fan Changlong, vice-chairman of China’s Central Military Commission, drew the line […]

Citizens of many US allies trust Putin more than Trump 'to do the right thing regarding world affairs' – Business Insider

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Business Insider Citizens of many US allies trust Putin more than Trump ‘to do the right thing regarding world affairs’Business InsiderFILE PHOTO: Russian President Vladimir Putin speaks during a news conference after the G20 summit Russian President Vladimir Putin at a news conference after the G20 summit in Hamburg, Germany, July 8, 2017. Thomson Reuters. […]