Asian Shares Broadly Higher After Dovish Fed Comments

Asian stocks ended mostly higher on Friday after China’s Commerce Ministry said trade talks with the U.S. in Beijing were extensive and helped establish a “foundation” to resolve differences. Prospects for more Chinese stimulus to arrest the slowdown in growth and rising expectations that the Federal Reserve will pause its rate tightening cycle this year also underpinned sentiment. China’s Shanghai […]

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Asian Shares Mixed As U.S.-China Trade Talks End

Asian stocks turned in a mixed performance on Thursday as three days of trade negotiations between U.S. and Chinese officials ended in Beijing without a significant breakthrough. China said the meetings were “extensive, in-depth and detailed” without offering specifics. China’s Shanghai Composite Index dropped 9.25 points or 0.4 percent to 2,535.10 after the release of inflation data. On the other […]

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U.S. Justice Dept broadens restrictions on internet gambling

WASHINGTON (Reuters) – The U.S. Justice Department will effectively prohibit online gambling and lottery businesses, experts said on Tuesday, after it decided to broaden its interpretation of rules governing interstate sports gambling to other forms of betting. The department’s Office of Legal Counsel said in a November 2018 opinion, not released until late Monday, that a 1961 law called the […]

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Samsung Warns Of Lower Q4 Operating Profit

Samsung Electronics Co Ltd (SMSN.L,SSNNF.OB,SSNLF.OB) expects that its fourth-quarter operating profit will decrease about 28.71 percent from last year, sales will also decline 10.58 percent, as demand for memory chips slumped in the quarter. The company projects operating profit of about 10.80 trillion Korean won in the fourth-quarter, compared to 15.15 trillion won reported last year. While it reported operating […]

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‘Smartass!’ Kellyanne Conway slams Jim Acosta for questioning Trump’s honesty

CNN’s Jim Acosta and the White House are at it again. Ahead of President Trump’s televised speech on border security Tuesday, Acosta asked Kellyanne Conway if she’d guarantee he’d tell the truth. A fair question, sure, but Acosta, who had his press pass revoked (and reinstated), has a knack for irking this administration. This time was no different, as you […]

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UK's Sainsbury's lags rivals as Christmas sales dip

LONDON (Reuters) – Sainsbury’s (SBRY.L) reported a worse-than-expected fall in Christmas sales on Wednesday, confirming that Britain’s second-largest supermarket group has fallen behind rivals as it battles to acquire smaller rival Asda. The group said that while grocery sales were solid in its third quarter it suffered from poor demand for general merchandise. Sainsbury’s like-for-like sales, excluding fuel, fell 1.1 […]

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Austria's AT&S cuts sales forecast on weak demand for phones, cars

VIENNA (Reuters) – Austrian maker of printed circuit boards AT&S lowered its revenue outlook for its 2018/19 business year on Tuesday, blaming weak demand from smartphone makers and the automotive industry. The firm said it expected full-year revenue to rise by about 3 percent from last year’s 991.8 million euros ($1.13 billion), after previously forecasting an increase of 6-8 percent. […]

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Samsung Warns Of Lower Q4 Operating Profit

Samsung Electronics Co Ltd (SMSN.L,SSNNF.OB,SSNLF.OB) expects that its fourth-quarter operating profit will decrease about 28.71 percent from last year, sales will also decline 10.58 percent, as demand for memory chips slumped in the quarter. The company projects operating profit of about 10.80 trillion Korean won in the fourth-quarter, compared to 15.15 trillion won reported last year. While it reported operating […]

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