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Fed’s the Dove-iest Surprise of All as World’s Central Banks Hit Pause

Fed’s the Dove-iest Surprise of All as World’s Central Banks Hit PauseGrowth risks are overwhelming economies across the globe and forcing central banks to rethink policy. The Fed somehow pulled off another dovish surprise, signaling no interest-rate hikes in 2019, though market reaction was mixed. For now, Indonesia and the Philippines — among the most aggressive rate hikers last year — kept policy on hold, as did Thailand.


Date : Fri, 22 Mar 2019 00:33:49 -0400

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Asia Stocks Mixed, Bond Yields Hit Lowest in Years: Markets Wrap

Asia Stocks Mixed, Bond Yields Hit Lowest in Years: Markets WrapHong Kong and Chinese equity benchmarks slid, while Australian shares rose and Japan was little changed. U.S. futures dipped after an S&P 500 Index rally overnight that saw a broad-based advance. Japan’s 10-year bond yield fell to the lowest since 2016, New Zealand’s dropped below 2 percent for the first time and Australia’s approached a record low -- all underscoring the return to globally low long-term rates.


Date : Fri, 22 Mar 2019 00:29:22 -0400

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Chinese smartphone firms jazz up products, seize turf in home market from Apple

Chinese smartphone firms jazz up products, seize turf in home market from Apple"Of those people who are upgrading, there are many switching from Apple to Chinese brands but very few switching from Chinese brands to Apple," said Jiang Ning, who manages a Xiaomi store in the northern province of Shandong. Huawei Technologies Co Ltd, Xiaomi Corp, Oppo and Vivo once sought to grab share in the world's biggest smartphone market with value-for-money devices, but consumer demand for better phones has prompted strategic rethinks. Huawei has had a tie-up with German camera maker Leica since 2016.


Date : Fri, 22 Mar 2019 00:25:07 -0400

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Asian stocks stumble on doubts over US-China trade deal

Asian stocks stumble on doubts over US-China trade dealSINGAPORE (AP) — Asian markets were mostly lower on Friday as caution set in ahead of U.S.-China trade talks in Beijing next week.


Date : Fri, 22 Mar 2019 00:15:37 -0400

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Paul Singer Unnerves Korea’s Billionaires Whether He Wins or Loses

Paul Singer Unnerves Korea’s Billionaires Whether He Wins or LosesThen came Paul Singer. The hedge fund titan’s activist campaigns -- first at Samsung Group in 2015 and then at Hyundai Motor Group -- have trained a spotlight on the corporate governance failures and complex ownership structures that saddle South Korean stocks with some of the world’s lowest valuations.


Date : Fri, 22 Mar 2019 00:15:32 -0400

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Venezuela is key topic between Trump and Caribbean leaders

Venezuela is key topic between Trump and Caribbean leadersWASHINGTON (AP) — The political and economic crisis in Venezuela tops the agenda of President Donald Trump's meeting Friday with leaders from the Caribbean, a region that has been far from united in joining the U.S. call for the ouster of President Nicolas Maduro.


Date : Fri, 22 Mar 2019 00:09:18 -0400

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Palestinians in financial crisis after Israel, US moves

Palestinians in financial crisis after Israel, US movesThe Palestinian Authority faces a suffocating financial crisis after deep US aid cuts and an Israeli move to withhold tax transfers, sparking fears for the stability of the West Bank. The authority, headed by President Mahmud Abbas, announced a package of emergency measures on March 10, including halving the salaries of many civil servants. The United States has cut more than $500 million in Palestinian aid in the last year, though only a fraction of that went directly to the PA.


Date : Fri, 22 Mar 2019 00:07:28 -0400

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Cintas Corporation (CTAS) Q3 2019 Earnings Conference Call Transcript

Cintas Corporation (CTAS) Q3 2019 Earnings Conference Call TranscriptCTAS earnings call for the period ending February 28, 2019.


Date : Fri, 22 Mar 2019 00:05:51 -0400

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From Black Plume to Benzene Fumes, Houston's Plight Drags On

From Black Plume to Benzene Fumes, Houston's Plight Drags OnA major oil refinery in the heart of North America’s most important fuel-producing region told workers to stay home and the Texas National Guard deployed troops to assist with air monitoring. The benzene probably arose from charred chemical tanks as overnight winds stirred remnants of their contents, owner Intercontinental Terminals Co. said. Warm temperatures that are swirling the air and dispersing toxic fumes will disappear after sunset, potentially allowing benzene to settle at ground level, said Jeff Evans, the meteorologist in charge of the National Weather Service’s Houston office.


Date : Fri, 22 Mar 2019 00:00:01 -0400

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Record Flood Threat Hangs Over Most of the U.S. Through Spring

Record Flood Threat Hangs Over Most of the U.S. Through SpringNow flooding is occurring at St. Joseph, Missouri, with waters there forecast to crest more than two feet (0.6 meters) above major flood stage on Friday, and reach near-record levels at Atchison, Kansas, on Saturday. The Missouri River and its tributaries escaped its banks last week after a major storm dumped heavy rain on melting snows. While crops haven’t yet been planted in the region, the record flooding has impacted livestock, transportation -- including disrupting railways used to deliver ethanol to Texas refineries -- and people’s homes.


Date : Fri, 22 Mar 2019 00:00:01 -0400

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