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Asian stocks fall as Reuters relies on sharp rate cuts in the US

© Reuters. A man is pictured on an electronic board displaying a graph analyzing the recent change in the Nikkei stock index to a broker in Tokyo. By Swati Pandey SYDNEY (Reuters) – Asian stocks were a bleak on Monday after a strong US job wins tempered expectations The Federal Reserve will achieve a sharp cut in interest rates while …

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Asian stocks fall as they bet on sharp rate cuts in the US

By Swati Pandey SYDNEY (Reuters) – Asian shares eased on Monday after strong US employment data eased expectations for a key rate cut, while the Turkish lira fell close to two weeks low on concerns about central bank independence floated. [19659003] US investment bank Morgan Stanley's decision to reduce its exposure to global equities was also adversely affected by stock …

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Iran's nuclear obligations: Tehran announces further cuts

Sunday marked the end of a 60-day deadline set by Iran for the remaining members of the nuclear agreement to ease restrictions on its banking and oil sectors. The agency cited Iranian Foreign Ministry spokesman Sayed Abbas Araqchi and Behrooz Kamalwandi, spokesman for the Iranian nuclear energy organization. In May, Iran announced a partial withdrawal from the nuclear agreement signed …

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Russia approves OPEC + contract over production cuts

OPEC Secretary-General Mohammed Barkindo (R), Russian Energy Minister Alexander Novak (L), Saudi Minister of Energy, Industry and Mineral Resources, Khalid Al-Falih (C), hold one during the 173rd Ordinary joint press conference from the Organization of the Petroleum Exporting Countries (OPEC) on 30 November 2017 in Vienna, Austria. Omar Marques | Anadolu Agency | Getty Images Russia and nine other non-OPEC …

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Biden vows to repeal Trump tax cuts on 'Day One' if he captures White House

Former Vice President and current presidential candidate Joe Biden promised that he would repeal President Trump's 2017 tax cuts and close $ 500 billion on tax loopholes. Speaking at the South Carolina Democratic Party Convention, Biden said, "Income inequities are at an all-time high and made worse by Trump's tax cuts and huge giveaways to the top one-tenth of the …

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S & P 500 hits record high as Fed signals interest rate cuts

The S & P 500 hit a record high on Thursday, as investors were driven by signs of lower Federal Reserve interest rates. Oracle (ORCL – Get Report) Raises After Business Software Company Exceeds Analysts' Profits and Turnover Expectations for the fourth quarter and first quarter earnings are expected to exceed forecasts. Oracle is the stock of the day with …

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S & P 500 hits all-time high as Fed signals interest rate cuts By Reuters

© Reuters. FILE PHOTO: Traders Working on the New York Stock Exchange By Shreyashi Sanyal (Reuters) – Thursday saw a record high after the Federal Reserve announced it could lower interest rates as soon as possible, to compensate for growing risks to global and domestic growth. The US Federal Reserve left interest rates unchanged at the end of its two-day …

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Dow futures rise after the Fed raises interest rate cuts

US. Stock index futures were significantly higher Thursday morning after the Federal Reserve signaled potential rate cuts later this Wednesday. At 6:47 CET, the Dow futures pointed to a positive open of more than 226 points. Futures on the S & P and Nasdaq were also higher. The Fed has lowered its 10-year government bond yield below 2% for the …

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China's subsidy cuts for electric car makers could lead to consolidation

WM Motor's EX5 electric vehicle will be shown at the Consumer Electronics Show Asia in June 2019 in Shanghai. Arjun Kharpal | CNBC If you walk around in Shenzhen, one of China's major technology centers, you will find that all taxis are electric. In other major Chinese cities, so-called new-energy vehicles are on the agenda – with Tesla cars and …

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