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Latest News
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4:52Oil sputters as OPEC+ fails to nail down new output target
Oil sputtered near $58 a barrel as the OPEC+ coalition failed to pin down the details of an agreement to adjust its official output target even after six hours of talks in Vienna.
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Oil holds gain as OPEC ministers gather for Vienna meeting
Oil held its biggest surge in more than two months as signs of a potential U.S.-China deal and tightening American crude stockpiles bolstered prices ahead of the OPEC+ meeting.
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Lebanon cuts interest rates, imposes cap on bank deposit rates
Lebanon’s central bank temporarily slashed interest rates on dollar and local-currency funds deposited by commercial lenders by 50 per cent, according to a circular posted on its website.
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Trump turns against Macron and his 'very nasty' attack on NATO
Donald Trump, once the primary critic of NATO, blasted France’s Emmanuel Macron for his “very insulting” comments about the military alliance that’s celebrating its 70th anniversary in London.
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2:27Lagarde says ECB to be 'resolute' on hitting inflation mandate
Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.
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Opioid makers, distributors investigated by U.S. prosecutors
At least six drugmakers and distributors are under investigation by U.S. federal prosecutors over how they monitored the dissemination of opioids, according to a series of recent securities filings.
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4:15Lagarde calls for government help in first major ECB speech
In her first major speech, three weeks into the job, the new ECB chief said her institution will continue to support the euro-zone economy. But she also said fiscal policy is a key element for overcoming the challenges of changing global trade and declining domestic growth. Minutes after she finished, fresh data showed the current slowdown worsening.
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Corbyn catches up with Johnson in dramatic U.K. election debate
Labour Leader Jeremy Corbyn defied his negative ratings to draw level with Prime Minister Boris Johnson in a crucial television debate ahead of the U.K.’s general election.
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4:24Even Hong Kong's homegrown bankers are considering moving away
There’s certainly no exodus. But the private talks among colleagues, employers and recruiters show how badly nerves are fraying in a city where clashes play out daily on television and sometimes on streets outside major financial firms.
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Prince Andrew faces more disgrace as business backers leave
Britain's Prince Andrew is facing further disgrace as charitable backers begin to distance themselves from him amid unfavourable fallout of an interview on his friendship with sex offender Jeffrey Epstein.
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1:59Hong Kong's Lam urges besieged protesters to heed police
Hong Kong police and protesters hardened their battle lines over the weekend as violent clashes showed no signs of abating, leaving the city bracing for a second week of upheaval that risks disrupting pending elections.
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Prince Andrew bombs in BBC interview, raising more questions
Interviewed by Newsnight host Emily Maitlis in a carpeted room, Queen Elizabeth II’s second son gave a wooden display in which he denied sleeping with Virginia Roberts, one of Jeffrey Epstein’s alleged teenaged sex slaves.
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Hong Kong expects first annual recession since financial crisis
Hong Kong revised down its estimate for economic growth this year as political unrest grips the city, with the government now forecasting the first annual contraction since the global financial crisis a decade ago.
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2:07Germany dodges recession with unexpected third-quarter growth
Germany narrowly dodged what would have been its first recession in six years, putting a damper on speculation that the government will add fiscal stimulus any time soon.
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46:12Brian Madden's Top Picks: Nov. 13, 2019
Top picks from Brian Madden, senior vice-president and portfolio manager at Goodreid Investment Counsel.
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1:36Venice declares state of emergency after near-record tide and floods
Venice suffered its second-highest tide on record, threatening its fragile lagoon and Renaissance buildings, as Mayor Luigi Brugnaro prepared to declare a state of emergency and said climate change is menacing the historic maritime city.
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2:46Australia's bushfire season is getting longer and more intense
With three people dead and 150 homes destroyed in recent days, the fires have thrust the threat posed by global warming back into the headlines in a nation that gets the bulk of its energy from burning coal.
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Boris Johnson on track for win, with majority on knife edge, odds say
If you listen to bookmakers, the central question in the U.K. general election is not whether Boris Johnson will win, but by how much.
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1:59Hong Kong banks send some staff home as tear gas wafts outside
Banks temporarily shut some branches in Hong Kong near flare-ups in pro-democracy protests Monday after the death of a student, but most major investment banks and other financial firms in the city said they’re otherwise operating as usual.
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3:33Hong Kong violence escalates with bullets, tear gas, man on fire
Hong Kong saw one of its most violent days since protests began in June, with clashes involving police and protesters leaving downtown paralyzed, transportation networks hobbled and two men clinging to life.
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Barred from wearing glasses, Japan's working women take to Twitter
The hashtag “glasses ban” started trending on Twitter Wednesday, after Japan’s Nippon TV aired a story about companies that require female employees to wear contact lenses instead of glasses.
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3:05EU proposes Brexit extension to Jan. 31 ahead of envoy talks
The European Union is proposing to extend the deadline for Brexit by three months to Jan. 31, according to a draft declaration seen by Bloomberg that will be discussed by envoys in Brussels on Monday.
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4:06Fernandez wins in Argentina as voters rebuff Macri's austerity
Opposition candidate Alberto Fernandez swept Argentina’s presidential election on Sunday, ousting pro-market incumbent Mauricio Macri and tilting the nation back toward left-wing populism at a time of economic crisis.
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U.S. strike on Al-Baghdadi built on weeks of Syria surveillance
Islamic State leader Abu Bakr al-Baghdadi was under surveillance for weeks and evaded “two or three” American strikes before blowing himself up as U.S. special forces stormed his northern Syrian hideout.
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PG&E starts restoring power in California while another mass shutdown looms
PG&E Corp. has begun restoring electricity to the almost 3 million Californians who lost power this weekend in the state’s largest deliberate blackout ever. Any respite, however, may be short.
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'Whatever it takes': Key moments from Draghi's tenure at ECB
Here's a look at key moments and decisions from Mario Draghi's eight years at the head of the European Central Bank, the monetary authority for the 19 European Union countries that use the euro as their currency.
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6:22Draghi keeps ECB stimulus in last act as economy stains legacy
The European Central Bank kept monetary stimulus unchanged in the final meeting of Mario Draghi’s presidency, an eight-year period in which he prevented a euro-zone breakup but was unable to meet his inflation goal.
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3:36Foreigners are ditching Canadian stocks as flows dip to 7-year low
Canada’s $2.2 trillion stock market has hit multiple records this year but that’s not impressing foreign investors.
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Norway sticks with decision to pause hikes; warns of weak krone
Norway’s central bank reiterated its view that interest rates will remain at the current level in the “coming period,” but said that an historically weak krone poses an inflation risk.
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3:05Californians go dark in blackout that may affect 1.5 million
Parts of Northern California have gone dark in the first stage of a mass blackout that could eventually leave more than a million people across the state without power.
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2:20China considering replacing Hong Kong's Lam, pro-Beijing lawmaker says
The Chinese government is considering a plan to replace Hong Kong’s Carrie Lam as chief executive, pro-establishment lawmaker Michael Tien said, in a potential strategy shift by Beijing as pro-democracy demonstrations continue to rock the Asian financial center.
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4:13Johnson wins first parliamentary vote on his new Brexit plan
Boris Johnson clinched a dramatic vote for his new Brexit plan, in the first demonstration that parliament is prepared to approve the broad principles of an agreement that takes the U.K. out of the European Union.
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5:24I just took the world's first 20-hour flight. Here's what it did to me
The record-breaking Qantas Airways Ltd. flight touched down early Sunday morning in Australia.
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U.K. lawmakers vote to delay decision on Johnson's Brexit deal
U.K. lawmakers voted to delay a decision on Boris Johnson’s Brexit deal, a move that will force the prime minister to ask the European Union to postpone Britain’s departure from the bloc.
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10:04Johnson sells Brexit deal to Parliament before knife-edge vote
Boris Johnson is battling to sell his new Brexit deal to skeptical members of the U.K. Parliament ahead of a crucial vote on Saturday.
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1:30On 20-hour flight, lights will be bright and food will be zesty
Qantas Airways Ltd. will ditch the traditional in-flight service routine for this weekend’s marathon nonstop trip from New York to Sydney.
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4:38What's in the Brexit deal? Here's some of the high points
Following is a set of extracts from the Political Declaration that forms part of the European Union and U.K.’s Brexit deal. You can view the document in full here.
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Pound soars as Brexit deal announcement puts end of saga in view
The pound surged more than 1% as the U.K. and European Union announced a Brexit deal has been reached.
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4:38EU, U.K. reach agreement to put Brexit within Boris Johnson's grasp
Negotiators from the U.K. reached an agreement with officials in Brussels Thursday that could pave the way for Britain to finally break its 46-year-old ties to the European Union this month.
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2:18China threatens to retaliate if U.S. passes Hong Kong bill
China threatened unspecified “strong countermeasures” if the U.S. Congress enacts legislation supporting Hong Kong protesters, in a sign of the deepening strain between the world’s two largest economies as they attempt to seal a trade deal.