Category Archives : Economic News

Reuters: Business News

13 October, 2018

The International Monetary Fund said on Saturday its members pledged to refrain from competitive currency devaluations and step up dialogue on trade, as escalating trade frictions and higher borrowing costs threatened to knock global growth.

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13 October, 2018

Bank of Japan Governor Haruhiko Kuroda said on Saturday steady interest rate hikes by the Federal Reserve were “basically good” for the world economy, as they reflect robust U.S. growth that helps fuel global demand.

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13 October, 2018

There is a diminishing chance for the escalation of the trade conflict between the world’s two biggest economies, China and the United States, the president of Germany’s central bank said on Saturday.

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13 October, 2018

U.S. Treasury Secretary Steven Mnuchin on Saturday said Chinese officials told him this week that a further depreciation of China’s yuan currency was not in the country’s interest.

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12 October, 2018

The mash-up of old and new media may not be a winning combination for the new S&P communication services sector index as its highest fliers face regulatory threats and challenges to user growth.

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12 October, 2018

The U.S. benchmark S&P 500 stock index snapped a six-day losing streak on Friday as technology stocks recovered after a week of losses, with investors looking for bargains ahead of the third quarter earnings reporting season.

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12 October, 2018

Cyber attackers stole data from 29 million Facebook accounts using an automated program that moved from one friend to the next, Facebook Inc announced on Friday, as the social media company said its largest-ever data theft hit fewer than the 50 millio…

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12 October, 2018

Walmart Inc said on Friday it has acquired online lingerie retailer Bare Necessities for an undisclosed amount, its second apparel-focused acquisition in less than two weeks as it seeks deeper inroads into the online fashion space.

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12 October, 2018

Stock markets worldwide rebounded on Friday after a multi-day sell-off but still registered their biggest weekly losses in months, while U.S. Treasury yields rose and the dollar held its gains.

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12 October, 2018

Walmart Inc has acquired online lingerie retailer Bare Necessities for an undisclosed amount, the company said on Friday, as it works to boost its competitive standing in U.S. e-commerce and appeal to younger shoppers.

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