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Asian shares slip, copper tumbles as worry takes toll
November 18, 2015 by publisher · Leave a Comment
By Hideyuki Sano and Lisa Twaronite TOKYO (Reuters) – An index of Asian shares fell on Wednesday as copper prices tumbled and another bomb scare in Europe and gunfire in the French capital hurt risk appetite, while bets that the Federal Reserve remains on track for a rate hike underpinned the dollar. “The rally in US equity markets that followed on from European markets strong lead this week was stopped dead in its tracks last night, on reports of a multiple bomb threat in Hannover, with…
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Asian shares slip, copper tumbles as worry takes toll
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U.S. retail sales weak; inflation pressures remain subdued
November 13, 2015 by creative · Leave a Comment
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales rose less than expected in October amid a surprise decline in automobile purchases, suggesting a slowdown in consumer spending that could temper expectations of a strong pickup in fourth-quarter economic growth. Weak inflation and signs of slowing consumer spending could complicate the Federal Reserve's decision next month whether to …
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U.S. retail sales weak; inflation pressures remain subdued
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Chevron slashes jobs and spending to weather low oil prices
October 30, 2015 by creative · Leave a Comment
Chevron Corp is slashing 10 percent of its workforce and sharply paring back its budget, with Chief Executive Officer John Watson giving a downbeat view on Friday of an industry beleaguered by low oil prices. A more than 55 percent decline in crude oil since last year has rippled through the global energy industry, forcing producers and their suppliers to make tough decisions. For Chevron, that means cutting its budget by 25 percent next year by spending less in Australia, Angola and the U.S. Gulf …
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Chevron slashes jobs and spending to weather low oil prices
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Weak U.S. data clouds December rate hike possibility
October 30, 2015 by publisher · Leave a Comment
U.S. consumer spending in September recorded its smallest gain in eight months as personal income barely rose, suggesting some cooling in domestic demand after recent hefty increases. The Commerce Department data and another report from the Labor Department on Friday also showed weak inflationary pressures, which would argue against the Federal Reserve raising interest rates at the end of the year
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Weak U.S. data clouds December rate hike possibility