Asian markets gain after Fed minutes, OPEC meeting in focus

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HONG KONG: Asian markets rose on Thursday (May 25) as traders welcomed indications from the Federal Reserve that interest rates could rise next month, while oil prices rallied ahead of an expected extension to output cuts. Minutes from the Fed’s May policy meeting showed board members thought that … Powered by WPeMatico

Lack of new launches leaves Ford playing catchup with GM

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DETROIT: James Hackett spent the last year plotting Ford Motor Co’s long-term self-driving car strategy. In his first week as chief executive, he has more immediate concerns: stopping a skid in North American sales and fending off a market share grab by resurgent archrival General Motors Co. The U … Powered by WPeMatico

Indonesia probes 'IS-linked' suicide attack on police – Channel NewsAsia

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Channel NewsAsia Indonesia probes ‘IS-linked’ suicide attack on policeChannel NewsAsiaIndonesia’s elite anti-terror squad was on Thursday (May 25) investigating a suicide bombing near a Jakarta bus station that killed three policemen in an assault authorities believe is linked to the Islamic State group. 2 related media assets (image or …Singaporeans in Jakarta avoid leaving homeTODAYonlineJakarta […]

Manchester United fans may live to regret this banner about Liverpool but there's more than meets the eye – The Independent

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The Independent Manchester United fans may live to regret this banner about Liverpool but there’s more than meets the eyeThe IndependentManchester United fans may find themselves regretting a banner that was displayed about Liverpool’s 2001 ‘treble’ season after adding the Europa League trophy to their successes this season in the League Cup and Community Shield, […]

China says US patrol severely disrupts South China Sea negotiations – Channel NewsAsia

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Channel NewsAsia China says US patrol severely disrupts South China Sea negotiationsChannel NewsAsiaChina warned on Thursday that the United States risked severely disrupting negotiations between stakeholders in the South China Sea after a U.S. Navy warship sailed within 12 nautical miles of an artificial island built up by China in the disputed waters.China slams US […]

Stephen Colbert off the hook and up the charts – TODAYonline

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Orlando Sentinel Stephen Colbert off the hook and up the chartsTODAYonlineLate night host Stephen Colbert has a lot to smile about: The Late Show With Stephen Colbert just took the lead in total viewership. Photo: New York Times. You are here. Entertainment ›. Stephen Colbert off the hook and up the charts · mail · […]

Singapore exports surge 15.2% in Q1, forecast for year up

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SINGAPORE: Non-oil domestic exports in Singapore surged 15.2 per cent in the first quarter of 2017, on the back of increased shipments of both electronic and non-electronic products, according to data released by International Enterprise (IE) Singapore on Thursday (May 25). This follows a 2.7 per … Powered by WPeMatico

Trump's budget proposes deep cut to US oil stockpile

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NEW YORK: President Donald Trump’s budget released on Tuesday (May 23) proposed radically downsizing the US Strategic Petroleum Reserve, arguing that America’s shale boom has lessened the need for an emergency stockpile. Trump’s proposal would sell off half the oil in the SPR, an emergency storage … Powered by WPeMatico

US stocks gain again with banks leading

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NEW YORK: Wall Street stocks finished higher for the fourth straight session on Tuesday (May 23), with banking shares leading the way. Large US banks such as JPMorgan Chase, Citigroup and Goldman Sachs, advanced more than one per cent. The latest gains mean the major US stock indices are back to … Powered by WPeMatico

US sues Fiat Chrysler over diesel emissions cheating

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WASHINGTON: US environmental regulators on Tuesday (May 23) filed a lawsuit against automaker Fiat Chrysler, accusing the company of installing devices on its trucks that hid harmful emissions during testing. The company kept the software’s existence from regulators during the certification … Powered by WPeMatico

The Berlusconi of Prague – Financial Times

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Financial Times The Berlusconi of PragueFinancial Times“There are too many journalists, they should be liquidated,” joked the president of the Czech Republic, Miloš Zeman, at a recent meeting with Russian president Vladimir Putin. Yet despite its pro-Russian and gaffe-prone — though mostly ceremonial …Czech President expects fruitful outcomes in Vietnam visithttp://en.vietnamplus.vn/ (press release) all 9 […]

Home sales fall as tight supply boosts prices

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WASHINGTON: US home resales fell more than expected in April, weighed down by a chronic shortage of houses on the market that is keeping house prices elevated and sidelining prospective buyers. The National Association of Realtors said on Wednesday (May 24) existing home sales declined 2.3 per … Powered by WPeMatico