• Oil extends gains after unexpected decline in USA stockpiles
Oil extends gains after unexpected decline in USA stockpiles

Oil minister Dharmendra Pradhan today said the government has no business to interfere in the pricing decisions by the Oil Marketing Companies (OMCs) related to petroleum products. The global benchmark, which hit a more than two-week low late last week as equity markets dropped, is trading around $5 below a four-year high of $86.74 marked on Oc...

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  • SoftBank's market value dives on tech rout, Saudi ties
SoftBank's market value dives on tech rout, Saudi ties

Stocks have dropped as much as 9% since Khashoggi disappeared on October 2 after walking into the Saudi consulate in Istanbul. Saudi Arabia is also one of the key markets for Uber in the Middle East. European leaders followed in demanding answers from the Saudi government, in a joint statement on Sunday. Just last week, Trump vowed to uncov...

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  • Mega Millions Jackpot Climbs To $868M, 2nd Largest In US History
Mega Millions Jackpot Climbs To $868M, 2nd Largest In US History

Almost a billion dollars will be up for grabs Friday in a Mega Millions record jackpot. On Aug. 15, 2012, Donald Lawson, of Lapeer, won a $337 million Powerball jackpot. Even before it rose, the Mega Millions jackpot - at a whopping $654 million when the day began - was still among the largest lottery prizes in US history.

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  • Jamal Khashoggi disappearance: USA asks Turkey for recording evidence
Jamal Khashoggi disappearance: USA asks Turkey for recording evidence

Foreign Minister Mike Pompeo , wrapping up a trip to Saudi Arabia and Turkey to discuss the crisis over the missing journalist, made a point to stress areas where the kingdom and America cooperate. Trump, who threatened punishment for Saudi Arabia when Khashoggi's disappearance first came to light two weeks ago, has repeatedly noted Saudi leaders'...

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  • Trump calls King Salman, compliments Saudi cooperation on Khashoggi case
Trump calls King Salman, compliments Saudi cooperation on Khashoggi case

The Saudi delegation that was due to be involved in the search and has been in Turkey since Friday arrived at Istanbul police headquarters, Turkish television said. The statement did not elaborate. While few think that Saudi Arabia is prepared to follow through, even the suggestion of using oil as a weapon undermines Riyadh's long-standing effo...

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  • Trump says Saudi king denies knowledge of missing journalist
Trump says Saudi king denies knowledge of missing journalist

Khashoggi , a Saudi national and United States resident who became increasingly critical of powerful Crown Prince Mohammed bin Salman, has not been seen since he walked into the Istanbul consulate to sort out marriage paperwork on Oct 2. and the oil-rich kingdom. Turkey accepted a Saudi proposal last week to form a joint working group to invest...

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  • Facebook says hackers in September stole personal data of 29 million users
Facebook says hackers in September stole personal data of 29 million users

Hackers stole neither personal messages nor financial data and did not use their access to accounts users' accounts on other websites . For another 1 million people , the hackers got access, but weren't able to obtain any information.

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  • Check your tickets! Mega Millions numbers drawn in $548M jackpot
Check your tickets! Mega Millions numbers drawn in $548M jackpot

The top Mega Millions jackpots of all-time: $656 million in 2012 and $648 million a year later. The drawing is at 10:59 p.m. Friday night and you can buy tickets up until 10:45 p.m.at retailers or online . The most recent Mega Ball was 18 on Tuesday night. The $470 million prize came with a $265.3 million cash payout option, according to Mega...

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  • IMF Downgrades Global Economy
IMF Downgrades Global Economy

This growth exceeds that achieved in any of the years between 2012 and 2016, he said. Thus, policymakers still have an excellent opportunity to build resilience and implement growth-enhancing reforms, the economic counsellor said. The near-term impact of a full-fledged trade war on growth in China will be almost double that of the United States, ...

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  • Trump, Xi to meet amid trade war tensions
Trump, Xi to meet amid trade war tensions

China's main export market is Asia, and that hasn't changed much. Exports are up sharply to Vietnam, Thailand, India and especially Indonesia, but from a relatively low base. dollar this year. Vice President Mike Pence delivered a speech last week in Washington signaling a firmer US push-back against Beijing as trade anxiety weighs on the loomi...

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  • Sudden jump in United States interest rates prompts Wall Street stock plunge
Sudden jump in United States interest rates prompts Wall Street stock plunge

Investors bet on the falling trend and also awaited the beginning of earnings reports , causing many sectors and index exchange-traded funds to report record losses. Amazon has soared 50 percent this year, but has fallen 14 percent from its all-time high in early September. Volume on US exchanges was 11.44 billion shares, its highest level since...

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  • International Monetary Fund revises medium-term growth rate downward
International Monetary Fund revises medium-term growth rate downward

The IMF issues the report ahead of the Annual IMF and World Bank meetings where world leaders, finance ministers and nongovernmental organizations will gather this week in Bali, Indonesia. "Poverty will lead to an increasing crime rate and the tall claims of 10 million jobs and five million house would not materialize", Wizarat warned. "There...

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  • US jobless rate falls to 3.7%, 49-year low
US jobless rate falls to 3.7%, 49-year low

The economy has now added jobs for almost eight straight years. "Despite billions of dollars in damages caused by Hurricane Florence , the storm should have minimal effect on payrolls, as most workers were paid during at least part of the survey period", said Sal Guatieri, senior economist at BMO Capital Markets in Toronto.

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  • A judge could yet tear up Elon Musk’s settlement with the SEC
A judge could yet tear up Elon Musk’s settlement with the SEC

District Court in Manhattan asked the SEC and lawyers for Musk and Tesla to submit in writing, by next Thursday, the reasons the settlement should be approved. "And the name change is so on point!" It's also worth noting that, just three minutes after Musk's tweet, Tesla stock prices fell by another 2%. Its shares were down 7 percent at $...

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  • Rupee plunges to fresh record low of 73.77 against dollar
Rupee plunges to fresh record low of 73.77 against dollar

Anticipation of a rate hike has increased in the past month as oil prices climbed, the rupee's slide accelerated and concerns on liquidity emerged. Investors remained concerned over sustained foreign capital outflows and soaring crude oil prices that crossed the Dollars 85 per barrel.

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  • Fuel Prices: Center Finally Responds To Common Man’s Plight
Fuel Prices: Center Finally Responds To Common Man’s Plight

As on October 4, petrol prices stood at Rs 91.34 per litre in Mumbai . Besides poll-bound Rajasthan and Madhya Pradesh , the governments of Chhattisgarh , Assam, Tripura , Jharkhand, Uttar Pradesh and Haryana also announced cuts by Rs 2.50.

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  • Amazon hikes pay for USA and United Kingdom workers following criticism
Amazon hikes pay for USA and United Kingdom workers following criticism

Amazon said it would increase its minimum wage for all full-time, part-time, temporary and seasonal employees. Not to mention the company fought Seattle's Head Tax , that would have seen its tax liability increase, albeit slightly, to offset issues around affordable housing.

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  • Tesla stock roars back after Elon's SEC deal
Tesla stock roars back after Elon's SEC deal

However, according to the latest reports, the CEO of Tesla , the well-known auto manufacturing company, of course, Elon Musk resigns as chairman of Telsa. Some analysts had said that Musk's departure would harm Tesla's brand, fundraising abilities and stakeholders' confidence if the company lost its key visionary.

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  • XRP resurges by 80 Percent in 24 hours
XRP resurges by 80 Percent in 24 hours

Due to the wild volatility of the crypto market in recent weeks, it is entirely possible for the volume of major cryptocurrencies to pick up and recover in the next 24 hours. Ripple also built a relationship with companies such as Western Union and MoneyGram . At any time, anybody can review the ledger and see a record of all activity on th...

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  • Facebook at risk of smothering its golden goose
Facebook at risk of smothering its golden goose

Now, we're ready for our next chapter. There was no animosity in the blog post . If an increase in CEO meddling is behind Systrom and Krieger's departure, expect future iterations of Instagram to be brought more explicitly into the fold with Facebook .

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