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NEW YORK: Foreigners purchased the most US Treasury securities in six months in February, suggesting some overseas appetite for low-risk government debt due to worries about a slowing US economy, the US Treasury Department released on Monday showed.
NEW YORK: The Federal Reserve’s big surprise could spell disaster for dollar bulls.
The ransomware attack crippling one of the world’s top aluminium makers is exposing how crucial sophisticated digital systems have become in the centuries-old industry of turning mined rock into metal products.
NEW YORK: U.S. stock indexes closed lower while the dollar edged higher on Monday, as investors appeared to need some convincing the United States and China would reach a trade agreement and weaker-than-expected construction data did not help their mood.
NEW YORK: Global stock indexes ended with mostly slight losses on Wednesday after U.S. Trade Representative Robert Lighthizer said it was too early to predict an outcome in U.S.-China trade talks, although a jump in oil prices lifted shares of energy companies
Alphabet Inc’s Google went into damage-control mode after a raft of major advertisers stopped spending money on YouTube over concerns that the video-sharing site can be used to forge networks of people engaged in exploitation of children.
NEW YORK: The U.S. Treasury Department is set to maintain elevated sales of long-term debt to finance the government’s widening budget deficit, with new issuance projected to top $1 trillion for a second-straight year.
NEW YORK: U.S. stocks closed up on Wednesday afternoon, though well below their session highs as investors pulled back in the last few minutes of trading despite optimism about U.S.-China trade relations and some reassuring signs in British politics.
(Reuters) - Democrats rode a wave of dissatisfaction with President Donald Trump to win control of the U.S. House of Representatives on Tuesday, giving them the opportunity to block Trump's agenda and open his administration to intense scrutiny.