Category: Start
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US East Coast port strike set to start Tuesday, says union By Reuters
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Written by David Shepardson and Steve Holland WASHINGTON (Reuters) – A strike at ports on the U.S. East Coast and Gulf of Mexico will begin on Tuesday, the International Longshoremen’s Union said on Sunday, signaling action that could cause delays and disrupt supply chains. “The United States Naval Alliance… refuses…
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China tells banks to start cutting rates on existing mortgages By Reuters
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BEIJING (Reuters) – The People’s Bank of China (China’s central bank) told commercial banks on Sunday to begin cutting interest rates on all outstanding home loans, in a sweeping move to help ease the mortgage burden on households hurt by the economic slowdown. All commercial banks must, in batches, cut…
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Banks start compliance with foreign customers reporting requirement
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Local banks are expected to fully comply this month with the requirement to share details of foreign accounts with the Kenya Revenue Authority (KRA), in order to transfer them to the relevant jurisdictions after the deadline of August 31, 2024. Commercial banks began identifying foreign clients holding accounts in Kenya…
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Did the Fed just start the next bullish cycle for mortgage REITs? By Investing.com
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Investing.com – The Federal Reserve’s recent decision to cut interest rates by 50 basis points may have sparked the next bullish cycle for real estate investment trusts (mREITs), according to a new report from B. Riley. The firm notes that Fed rate-cut cycles have historically coincided with higher performance in…
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Did the Fed just start the next bullish cycle for mortgage REITs? By Investing.com
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Investing.com – The Federal Reserve’s recent decision to cut interest rates by 50 basis points may have sparked the next bullish cycle for real estate investment trusts (mREITs), according to a new report from B. Riley. The firm notes that Fed rate-cut cycles have historically coincided with higher performance in…
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US stocks start to weaken
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US stocks began to weaken, with the broader S&P and NASDAQ down by about -0.45%. The Dow Jones Industrial Average fell by -0.35%. As for the Nasdaq, it has retraced its August 22 high. Yesterday, the price moved above this level at 18014.24, but closed at 18013.98. Today’s price action…
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Taiwan hopes delayed F-16s start arriving by end of this year By Reuters
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By Ben Blanchard TAIPEI (Reuters) – Taiwan’s defence ministry said on Friday it aims to deliver its first new F-16 fighter jets by the end of this year, blaming “severe fluctuations” in the international situation for delaying the island’s delivery. In 2019, the United States approved $8 billion in arms…
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Taiwan hopes delayed F-16s start arriving by end of this year By Reuters
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By Ben Blanchard TAIPEI (Reuters) – Taiwan’s defence ministry said on Friday it aims to deliver its first new F-16 fighter jets by the end of this year, blaming “severe fluctuations” in the international situation for delaying the island’s delivery. In 2019, the United States approved $8 billion in arms…
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Wall Street Journal Fed watcher asks on FOMC rate cut next week – Start small or big?
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Nick Timiraos in magazine (Closed) Writes about the Federal Reserve’s questions about whether it should cut interest rates by the traditional 0.25 percentage point or by a larger 0.5 percentage point at next week’s meeting. He says: Powell kept all his options open. The Fed is concerned about keeping interest…
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Israeli from start to finish: Intel unveils Lunar Lake CPUs
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Intel Corp.’s (NASDAQ: INTC) board meeting in mid-September is fast approaching, and the CEO’s plans to solve the company’s liquidity problems continue to leak to the press and media. Last week, Bloomberg reported that Intel was considering splitting into two separate companies, one dealing with chip development and the other…
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Stocks claw back after tough September start
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Gasoline prices have been trending lower as oil prices have fallen and gasoline futures (RB=F) are nearing three-year lows. The average price of gasoline at the pump on Wednesday hit a six-month low of $3.32 a gallon, about $0.49 less than exactly a year ago, according to AAA data. “Coinciding…
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Is This the Start of a Bigger Drop?
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This article is also available in Spanish. Bitcoin price has started to decline again below the $57,200 area. Bitcoin is showing bearish signs and may soon test the support area at $55,000. Bitcoin is gaining momentum below the $58,000 support area. The price is trading below the $57,500 level and…
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USD/JPY erases the advance from yesterday to start the session
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USD/JPY Hourly Chart The high was reached earlier today around 147.20 and also tested the overnight high. The sellers held on and since then, the traffic has been one-way now as we enter European morning trading. The USD/JPY pair has returned to the downside to around 146.00, although the buyers…
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Israel recovers six hostage bodies in Gaza as polio vaccinations start By Reuters
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By Ari Rabinovitch and Nidal al-Mughrabi JERUSALEM (Reuters) – The Israeli military said on Sunday it had recovered the bodies of six hostages from a tunnel in the southern Gaza Strip where they were apparently killed shortly before Israeli forces reached them. The Israeli military said it had recovered bodies…
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Forexlive Asia-pacific FX news wrap 25 Aug:JPY continues its move higher to start the week
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The start of the trading week was quiet as the market took a breather after the Jackson Hole summit and comments from Federal Reserve chiefs that reinforced the US interest rate cut in September. The market has priced in about a 35% chance of a 50 basis point rate hike,…
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USDJPY & USDCHF lower in early trading to start the new week. What next technically?
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Dollar sluggish to start the new week
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The USD/JPY pair isn’t the only one moving so far today. The USD has also fallen against other major currencies, with EUR/USD also in particular focus. The pair is trading at 1.1040 after Friday’s gains and looks set to settle at its highest level since December last year. What’s unique…