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WASHINGTON: U.S. consumer spending increased solidly in July as households bought a range of goods and services, which could further allay financial market fears of a recession, but the strong pace of consumption is unlikely to be sustained amid tepid income gains
NEW YORK: Treasuries investors are casting a wary eye abroad after a barrage of sloppy overseas data roiled the world’s biggest bond market.
Brian O’Kelley built AppNexus Inc to help companies advertise anywhere on the Internet. Its software plugged into virtually every digital ad-trading hub, including those from Google, the biggest ad seller, and Google’s YouTube video service. By 2014, AppNexus was valued at US$1.2bil (RM4.93bil).
New York: Gold slipped as the dollar pared losses and yields on US Treasuries surged, damping the appeal of the metal because it doesn’t pay interest.
KINSHASA (Reuters) - At least 41 artisanal miners were killed on Thursday when part of a copper and cobalt mine owned by Glencore collapsed in southeast Congo, the provincial governor said.
KUALA LUMPUR: Tenaga Nasional's recent rebound faltered at midday on Thursday as some funds were quick to take profit, sending shares of the power giant to a low of RM12.22.
THE US-China trade conflict and cracks in the global economy are herding investors to the safest parts of financial markets, pushing yields to multi-year lows and strengthening bets that the Federal Reserve will cut interest rates in 2019.
NEW YORK: US and world shares skidded further on Thursday and oil prices plunged more than 5% as investors worried the China-U.S. trade spat was turning into a technology cold war between the world's two largest economies, boosting the dollar and knocking benchmark government debt yields down.