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Dollar edges up on latest round of US-China trade tensions
The dollar edged up against its peers on Friday, finding support as the latest episode of US-China trade tensions dulled investor risk appetite.
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Growth worries rise as Japan’s July factory output falls
Japan’s factory output fell for a third straight month in July due to slowing exports of cars and steel
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Nikkei snaps 8-day rally as US-China trade worries sap mood
Nikkei ended an eight-day rally on Friday after US President Donald Trump said he is ready to quickly ratchet up a trade war with China, rattling Asian markets
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Paytm Mall looks to join hands with BigBasket in fight with Flipkart, Amazon for Indian e-commerce market
Paytm Mall already has a revenue sharing partnership with Future Retail, which owns hypermarket stores like Big Bazaar and fashion shops.
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EU bid to end auto tariffs ‘not good enough’: Donald Trump
Donald Trump has reportedly rejected as “not good enough” a European Union proposal scrapping tariffs on automobiles.
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China steel heads for fifth monthly rise on output limits
Chinese steel futures edged lower for an eighth session in a row on Friday.
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China August factory pick up surprises, but export orders fall again
Growth in China’s manufacturing sector unexpectedly picked up in August after a two-month slide.
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Asian stocks bruised by Donald Trump’s trade war threats
Asian shares came under renewed pressure on Friday after reports US President Donald Trump was preparing to step up a trade war with Beijing.
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India’s economy likely grew 7.6 % in April-June quarter
India’s economy likely sustained strong growth momentum for a second straight quarter in April-June, but the depreciating rupee and monetary tightening pose risks for coming periods.
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Apple confirms it will roll out latest lineup of products on September 12; three new iPhones to be launched
Apple is preparing to release three new smartphones this year, including the largest iPhone ever
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At least 10 killed in South Africa bus crash
At least ten people died after a bus travelling from South Africa’s Cape Town to the Eastern Cape overturned in the early hours of Thursday morning, traffic officials said.
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Donald Trump hails Kim Jong Un, sees no need to resume US-South Korea war games
Donald Trump’s statement came a day after his defence secretary hinted that the drills, which North Korea denounces as rehearsals for invasion, could resume.
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Despite Donald Trump’s warning, India may not completely halt Iran oil imports; here’s what it plans to do
India will not completely halt Iranian oil imports and will finalise its strategy on crude purchases from Tehran after a meeting with top U.S. officials next week, a senior government official said.
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US President Donald Trump, without evidence, blames China for hacking Hillary Clinton emails
U.S. President Donald Trump said on Twitter early on Wednesday China hacked the emails of 2016 Democratic presidential candidate Hillary Clinton but did not offer any evidence or further information.
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Hurricane Maria in US: Puerto Rico’s death toll from island territory crosses 2,900
Puerto Rico’s official death toll from Hurricane Maria, the most powerful storm to hit the Caribbean island in almost a century, was raised on Tuesday from 64, a number widely discounted as far too low, to nearly 3,000.
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North Korea tells US denuclearisation talks may fall apart, says report
North Korean officials have warned in a letter to the United States that denuclearization talks were “again at stake and may fall apart”, CNN reported on Tuesday, citing people familiar with the matter.
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World stocks hit 6-month high as NAFTA deal eases trade war fears; Turkish lira remains under pressure
World stocks rose to a six-month high on Tuesday, lifted by investor optimism that a U.S.-Mexico deal to overhaul the North American Free Trade Agreement will go some way to averting a global trade war.
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Jet Airways can redeem loyalty reward points as Naresh Goyal-airline scrambles for cash after Q1 loss
Jet Airways can redeem some loyalty points. After another quarterly loss, India’s second-largest airline badly needs cash. It laid out a long list of planned fixes, including somehow tapping its frequent flyer programme for funds.
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Earthquake in Indonesia: 6.4 magnitude tremor shakes island, no casualties reported
An earthquake of magnitude 6.4 struck off eastern Indonesian province on Tuesday, the U.S. Geological Survey said.
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Toyota invests $500 million in Uber to develop self-driving cars
Toyota, one of the world’s largest carmakers, and Uber, the leading ride-hailing service, are widely seen as lagging the competition in developing self-driving cars.
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Relief for Elon Musk as Tesla win dismissal over Model 3 production
In a decision made public on Monday, U.S. District Judge Charles Breyer said that while shareholders claimed that Tesla fell short of its production goals, “federal securities laws do not punish companies for failing to achieve their targets.”
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Axis Bank’s stock broking arm becomes first in India to offer commodity derivatives trading
The stock-broking arm of India’s Axis Bank on Monday began offering commodity derivatives trading on the Multi Commodity Exchange platform, making it the first subsidiary of a bank to offer the service.
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Billion dollar IPOs! Chinese bitcoin mining equipment makers aim Hong Kong stock market to raise money
Three of the world’s largest bitcoin mining equipment makers plan to raise billions of dollars with initial public offerings in Hong Kong, even as other companies report plunging demand for the chips needed to make bitcoin and a halving in the price of the cryptocurrency.
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Elon Musk’s U-turn on Tesla deal could intensify his legal, regulatory woes
It was on August 7 that Musk first surprised investors with his plan by tweeting that he had “funding secured” for a go-private deal, which would have had a value of $72 billion.
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Mass shooting reported in Jacksonville, Florida
There was a mass shooting in Jacksonville Landing, Florida, on Sunday, the local sheriff’s office said, adding the public should avoid the area.
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Magnitude 6.1 quake hits Iran, felt in Baghdad: Report
A shallow, magnitude 6.1 earthquake struck about 55 miles (88 km) west-northwest of Kermanshah, in western Iran early on Sunday
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Maersk sends first container ship through Arctic route
A Maersk vessel loaded with Russian fish and South Korean electronics will next week become the first container ship to navigate an Arctic sea route that Russia hopes will become a new shipping highway.
