Thursday, December 12, 2019
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TOKYO (Reuters) - Asian shares edged lower on Thursday as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate earnings, which helped underpin solid demand for safe-haven U.S. Treasuries. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.2%, while Japan’s benchmark Nikkei shed 1.7% and Australian shares fell 0.3%. Chinese shares followed the suit,...
WASHINGTON (Reuters) - Boeing Co (BA.N) said on Wednesday it will dedicate half of a $100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of those killed, with veteran U.S. compensation expert Ken Feinberg hired by the world’s largest plane maker to oversee the distribution. The announcement of Feinberg’s hiring came...
MUMBAI (Reuters) - India’s monsoon rains were 20% below average in the week ending on Wednesday, as rainfall was scanty over the central, western and southern parts of the country, the India Meteorological Department (IMD) said, raising concerns over the output of summer-sown crops. Monsoon rains are crucial for farm output and economic growth, as about 55% of India’s arable land is rain-fed, and...
(Reuters) - Gold prices edged lower on Wednesday, as the dollar firmed on robust U.S. retail sales data, while hopes of an interest rate cut by the Federal Reserve and broad uncertainties over trade between Washington and Beijing kept a lid on declines. Spot gold was down 0.1% at $1,404.38 per ounce, as of 0343 GMT. U.S. gold futures slipped 0.3%...
WASHINGTON (Reuters) - Lawmakers on the House Judiciary Committee’s antitrust panel pressed an executive from Amazon.com Inc on Tuesday about allegations that it competed against its own sellers and pushed them to buy advertising and fulfilment services. Legislators also demanded explanations from Apple Inc about charges for apps and in-app purchases, Facebook Inc for its rapidly changing privacy policy and...
SAN FRANCISCO (Reuters) - A wave of quarterly reports from Netflix (NFLX.O) and other top-tier, high-growth companies starting on Wednesday will test Wall Street’s willingness to extend a recent rally driven by expectations of lower interest rates. Facebook (FB.O), Amazon (AMZN.O) and Google-owner Alphabet (GOOGL.O), all part of the so-called FANG group of widely held stocks, have jumped over 5%...
DENPASAR, Indonesia (Reuters) - An undersea earthquake with a magnitude of 6.1 struck south of Indonesia’s Bali on Tuesday, the European earthquake monitoring agency EMSC said, causing minor damage and prompting residents and visitors on the tourist island to briefly flee buildings. There were no reports of casualties and no tsunami warning issued by the Hawaii-based Pacific Tsunami Warning Center...
JAKARTA (Reuters) - Indonesia’s central bank is likely to begin an easing cycle with a rate cut on Thursday, ahead of an anticipated Federal Reserve reduction of U.S. rates at the end of July, the majority of analysts in a Reuters poll said. In 2018, Bank Indonesia (BI) hiked its key interest rate six times by 175 basis points to...
WASHINGTON (Reuters) - President Donald Trump doubled down on his attacks against four minority U.S. congresswomen on Monday and dismissed concerns that his comments were racist, prompting outrage from Democrats, who moved to condemn him in the House of Representatives. Speaking at the White House, Trump said people he described as critical of the United States should leave the country. Those...
WASHINGTON (Reuters) - U.S. President Donald Trump on Sunday told a group of mostly American-born Democratic congresswomen to “go back and help fix the totally broken and crime infested places from which they came,” a comment that was condemned by Democrats as racist. “So interesting to see ‘Progressive’ Democrat Congresswomen, who originally came from countries whose governments are a complete...

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