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NEW YORK: US stocks pulled back on Monday from near-record levels, as Apple and healthcare shares fell and investors braced for a busy week of political and economic news, including a potential turning point in the US-China trade dispute.
(Reuters) - Paul Volcker, the towering former Federal Reserve chairman who tamed U.S. inflation in the 1980s and decades later inspired tough Wall Street reforms in the wake of the global financial crisis, died on Monday at the age of 92, according to his daughter Janice Zima.
Waning momentum in the economy may be buoyed by the US consumers as job growth continues to surge but downside risks remain.
PETALING JAYA: The appetite for non-rated bonds, which was once thought to be “inferior” to their rated counterparts, is fast gaining traction in Malaysia.
BEIJING: China’s exports in November shrank for the fourth consecutive month, underscoring persistent pressures on manufacturers from the Sino-US war but growth in imports may be a sign that Beijing’s stimulus steps are helping to stoke demand.
NEW YORK: Central bankers will vie with trade negotiators for the attention of investors this week.
STRONG US job data, trade tensions, Opec and Saudi Aramco were among the global highlights for last week while for the week ahead, Britain goes to the polls on Thursday.
SINGAPORE: Asian governments are starting to do their bit to revive economic growth as central banks gradually pull back on monetary policy easing.
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MUMBAI: India’s central bank defied expectations for an interest rate cut, keeping borrowing costs unchanged to assess the effect of its policy after five reductions this year.