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Amazon sued by FTC, 22 US states over ad sales practices
Aug 31 : Amazon.com illegally raised prices for advertisers by surreptitiously raising the minimum price required to place ads that promote their products, the U.S. Federal Trade Commission alleged in a lawsuit filed in federal court Monday.The agency, joined by a bipartisan group of 22 U.S. states, said Amaz
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Dollar slips ahead of US jobs data
NEW YORK, Aug 31 : The dollar edged lower on Monday as traders waited on key U.S. jobs data due later this week, after hawkish remarks from Federal Reserve Chairman Kevin Warsh on Friday renewed bets on a September interest rate hike.Traders will be focused on jobs and inflation data for August that is due…
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Bond markets face fresh selling as oil prices jump, stocks cautious
LONDON, Aug 31 : Borrowing costs in the euro area and Japan hit their highest levels in years on Monday, as a 3 per cent jump in oil prices on the U.S. and Iran resuming military attacks added to angst about inflation that could keep central banks in rate-hike mode.World stocks were in a cautious…
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Stocks cautious on US-Iran escalation, bond yields hit multi-year highs
LONDON, Aug 31 : World stock markets looked set to end August on a cautious note on Monday as fresh fighting between the U.S. and Iran pushed oil prices higher, while borrowing costs in Germany and Japan hit fresh multi-year highs. A 2 per cent jump in oil prices added to concerns about persistent inflati
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Shares ease in Asia as oil climbs, yields stay high
SYDNEY, Aug 31 : Share markets slipped in Asia on Monday as fresh fighting broke out between the U.S. and Iran, lifting oil prices, while bond yields stayed painfully elevated after investors narrowed the odds on a U.S. rate hike.Brent futures climbed 2.7 per cent to $90.51 a barrel after U.S. forces struck t
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Shares skid in Asia as oil climbs, yields stay high
SYDNEY, Aug 31 : Share markets slid on Monday in Asia as fresh fighting broke out between the U.S. and Iran, lifting oil prices, while bond yields stayed elevated after investors narrowed the odds on a U.S. rate hike.Brent futures climbed 2.8 per cent to $90.60 a barrel after U.S. forces struck two of Iran’s
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Dollar near two-week high as Warsh boosts rate-hike bets; yen slips past 160
HONG KONG, Aug 31 : The dollar held steady near a two-week high on Monday as markets ramped up bets on a rate hike after hawkish remarks by Federal Reserve Chair Kevin Warsh, while the yen slipped back through the closely watched 160-per-dollar level. The U.S. central bank will “have work to do” if policymake
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Shares skid in Asia as oil, yields stay high
SYDNEY, Aug 31 : Share markets slipped on Monday in Asia as fresh fighting broke out between the United States and Iran, lifting oil prices, while bond yields stayed elevated after investors narrowed the odds on a U.S. rate hike.Brent futures climbed 1.4 per cent to $89.38 a barrel after U.S. forces struck tw
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Shares set for weekly gain, FX, bonds await Warsh’s Jackson Hole debut
LONDON/SYDNEY, Aug 28 : Oil prices were heading for their first weekly fall in three weeks on Friday, helping lift global stocks as investors weighed developments in the Gulf and awaited potentially market-moving remarks from Federal Reserve Chair Kevin Warsh.Brent fell 0.6 per cent to $89.2 a barrel, near th
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Dollar heads for weekly gain as Warsh remarks awaited
Aug 28 : The U.S. dollar held firm near a one-week high against major peers on Friday, as investors stood on the sidelines ahead of Federal Reserve Chairman Kevin Warsh’s speech at the Jackson Hole symposium.Warsh’s debut speech in Wyoming is slated for 1400 GMT. Inflation has remained persistently above 2 pe
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