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Australian shares higher on financial rebound ahead of trade tariff deadline

Australian shares higher on financial rebound ahead of trade tariff deadline

Australian shares advanced for just the third time in ten sessions as modest gains by the big bank stocks offset losses among the major miners following a retreat in base metals prices. The S&P/ASX 200 index lifted 32.1 points, or 0.5 per cent, to 6215.5, following a quiet overnight trading session as Wall Street which […]

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US Investigates Glencore over Alleged Corruption in Nigeria, Others

US Investigates Glencore over Alleged Corruption in Nigeria, Others

The United States authorities have demanded the US arm of Glencore Plc to hand over documents relating to its business in Nigeria, the Democratic Republic of Congo (DRC) and Venezuela. The Swiss-based commodities trader and miner said yesterday, that it received a subpoena from the US Department of Justice requesting documents and records on compliance […]

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US-China Trade War could Flood India with Steel

US-China Trade War could Flood India with Steel

This article was prepared by Economic times-India correspondents  – Swansy Afonso and Bhuma Shrivastava Indian companies are bracing for a possible flood of steel imports should the U.S. and China follow through on their threats about a trade war. Duties imposed by the U.S. would trigger “trade diversion” from other steel makers, who would then […]

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FIFA World Cup Economic Boost to Russia a Short-lived

FIFA World Cup Economic Boost to Russia a Short-lived

Russian President Vladimir Putin will be hoping that the soccer World Cup, which starts last Thursday and puts his country in the international spotlight, will bring an economic boost – but experts are downbeat about any long-term benefit. Russia his host the largest event on the footballing calendar from June 14 to July 15, with […]

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Italy Political Crisis Hits Financial Markets

Italy Political Crisis Hits Financial Markets

Fears over Italy’s political upheaval spread to Wall Street after Europe’s financial markets closed lower. The prospect of fresh elections and the possibility of eurosceptic parties strengthening their position has raised concern about the eurozone’s stability. The Dow Jones index shed 1.6% and the S&P 500 lost 1.2%, coming after Italy’s FTSE MIB closed down 2.7% […]

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Amazon and Starbucks Attack Homeless Tax

Amazon and Starbucks Attack Homeless Tax

Amazon and Starbucks have hit out at a decision to impose a new tax on firms based in Seattle to help fight homelessness. Amazon, the US city’s number one employer, said the levy could put future expansion on hold in the region. Seattle City Council voted unanimously for the tax, saying it will raise $47m […]

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Is the Driverless Cars a threat to The Real Estate Industry?

Is the Driverless Cars a threat to The Real Estate Industry?

Driverless cars could become a regular feature of the roads as early as April – at least in California, which has decided to allow fully autonomous vehicles to be tested on the roads (none of those pesky humans who have been present in test drives so far). Arizona has already become a fair-weather center for […]

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The threat to world trade :The rules-based system is in grave danger

The threat to world trade :The rules-based system is in grave danger

Donald Trump’s tariffs on steel and aluminium would be just the start DONALD TRUMP is hardly the first American president to slap unilateral tariffs on imports. Every inhabitant of the Oval Office since Jimmy Carter has imposed some kind of protectionist curbs on trade, often on steel. Nor will Mr Trump’s vow to put 25% […]

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The manufacturing Giant-Carillion goes into liquidation

The manufacturing Giant-Carillion goes into liquidation

 Carillion to go into liquidation Construction giant Carillion is to go into liquidation, threatening thousands of jobs. The move came after talks between the firm, its lenders and the government failed to reach a deal to save the UK’s second biggest construction company. However, the government will provide funding to maintain the public services run […]

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IRAN’s Economic Woes Spurred up Anti-Government Protest

IRAN’s Economic Woes Spurred up Anti-Government Protest

ISTANBUL — Anti-government protests spurred by economic woes hit Iran for a third day Saturday, news agencies and social media reported, in what has quickly emerged as a significant challenge to the administration of President Hassan Rouhani. Demonstrators protesting price increases and high unemployment turned out in cities and towns across the country, defying police […]

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