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What Just Happened Also Occurred Before The Last 7 US Recessions. Reason To Worry? Signs are pointing to a coming U.S. recession, according to an economic indicator that has preceded every recession over the past five decades. It is known among economists and Wall Street traders as a "yield curve inversion," and it refers to when long-term ...
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South Korean Exports Slide for Seventh Month on Trade War Woes South Korean exports took another hit in June, highlighting ongoing weakness in tech demand and the economy's acute sensitivity to international trade tensions. Exports dropped 13.5% in June from a year earlier, falling for a seventh straight month, data ...
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Stocks enjoy relief rally in Asia, bonds retreat SYDNEY (Reuters) - Stocks rallied while bonds retreated in Asia on Monday as a thaw in the Sino-U.S. trade dispute tempered risks to the global economy, leading investors to pare back wagers on aggressive policy easing by the major central banks.
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Japan to tighten curbs on tech material exports to South Korea amid wartime labor row TOKYO (Reuters) - Japan will tighten restrictions on exports of high-tech materials used in smartphone displays and chips to South Korea in response to a South Korean ruling on war-time forced labor, the industry ministry said on Monday. Tighter export ...
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UAE debuts the world's largest individual solar power project The United Arab Emirates might still be associated with oil money, but it just set a record for reducing its dependence on oil. The Emirate Water and Electricity Company has started running Noor Abu Dhabi, the largest individual solar power project in the world ...
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Airlines have collected $1.3 billion in baggage fees so far this year Airline baggage fees hit a record $1.3 billion in the first three months of the year, according to federal statistics. A dozen years ago, airlines collected a modest $464,284 from passengers who wanted to check a bag. Last year it was close to $4.8 billion, ...
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Beware: Three types of tax return claims more likely to trigger an audit Meticulously crunching the numbers, finding receipts and completing all the necessary paperwork for your tax return year after year can seem a daunting task for many people. But while the prospect of getting a big refund may be attractive, the Australian Tax ...
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Property Slump Nears End as Sydney Prices Snap Two-Year Decline Sydney property prices rose for the first time in almost two years in June, adding to signs Australia's housing slump is nearing an end. House values in the nation's biggest city gained 0.1% last month, CoreLogic Inc. data released Monday showed. However ...
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Announcement on possible grocery strike to come Monday SAN DIEGO (KUSI) – Union leaders plan to announce Monday whether grocery workers in San Diego County and the rest of Southern California will go on strike against Ralphs, Vons, Albertsons and Pavilions. Raising the threat of the first Southland grocery ...
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Key Cross River Rail contract signed, project 'guaranteed to go ahead' The state government has signed a key construction contract as part of the planned Cross River Rail project, a move the deputy premier believes "guarantees" the project will go ahead. The deal has been sealed with Pulse, a consortium that will deliver tunnel ...
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US stock futures jump after US and China agree to resume trade talks U.S. stock futures jumped more than one percent when trading resumed on Sunday, after the United States and China agreed on Saturday to restart stalled trade talks. Traders work on the floor at the NYSE in New York. Traders work on the floor at the New ...
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Lego strikes deal to buy Legoland, Madame Tussauds COPENHAGEN, Denmark— The owners of toy maker Lego are teaming up with a group of investors to buy Merlin Entertainment, a British company that operates theme parks like Legoland and the Madame Tussauds wax museums. Kirkbi Invest said Friday it ...
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US company outbids Bravura for GBST GBST Holdings could be subject of a bidding war after SS&C Technologies offered $221 million for the Brisbane-based financial services platform, trumping a rival takeover play. The GBST Board says it intends to recommend shareholders accept the ...
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China's manufacturing activity remains sluggish in June as higher US tariffs kick in Purchasing managers' index unchanged from May at 49.5, suggesting further contraction in the sector; Non-manufacturing PMI shows continued expansion but at a slower rate. Topic | China economy · SCMP · Finbarr Bermingham · Karen Yeung. Published: ...
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