Wars of the currency kind

Nations letting currency weaken can spur instability Recently, RBI Governor Urjit Patel warned that the global trade war could escalate into a currency war. Trade wars erupt when countries impose tit-for-tat tariffs on imported goods, ostensibly to protect domestic manufacturers. What is a currency war? Currency wars are triggered when nations either allow their currencies to weaken appreciably or devalue […]

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White supremacists’ D.C. rally fizzles, drowned out by counterprotesters

What was promoted as a “white civil-rights rally” held near the White House on Sunday appeared to be a bust, with fewer than 20 attendees, while thousands of counterprotesters gathered nearby. Jason Kessler, the white nationalist who organized the rally, told the National Park Service he expected 100 to 400 attendees. The rally began about 3:30 p.m. EDT and ended […]

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Gold Price Forecast: Emerging-Market Fears Underpin Demand

Volatility is likely to remain higher in the week ahead amid a lack of liquidity, and emerging-market fears will likely underpin gold. Positioning data should increase the potential for strong support near $1,200 per ounce, with sharp gains if the U.S. administration talks down the dollar. Gold registered small net losses for the week, the fifth successive decline, with a […]

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Omarosa tells ‘Meet the Press’ that ‘once I heard it for myself…it was confirmed…that he is truly a racist’ of alleged Trump tape

Ex-White House staffer and reality star Omarosa Manigault Newman on Sunday told “Meet the Press” host Chuck Todd that she has personally heard a rumored tape of President Donald Trump using racist slurs to refer to African-Americans. The Sunday morning interview comes as Manigault Newman is releasing a tell-all account of her time as a senior staffer in the Trump […]

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Commodity options see steady rise on bourses

Incentives for market makers, attractive lot sizes and hedging opportunities help bolster business Options contracts in non-agricultural commodities like gold and crude that were unveiled a few months ago are seeing good investor participation due to a combination of factors like market making, attractive lot size and the hedging requirements of market participants, though some of the other commodities are […]

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Capital gains tax looming as big election issue

Capital gains tax will be a big issue as we approach the next election. The Coalition has promised to leave it unchanged; Labor wants to increase it, by reducing the present discount from 50 per cent to 25 per cent. Let’s look at the history. Prior to 1985 Australia had no specific capital gains tax, but the legislation allowed the […]

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3 reasons the selloff in Turkey’s lira matters for markets all over the world

The dramatic unraveling of Turkey’s lira has ignited fear in markets around the world that the country’s currency woes could ripple through the world’s banks, notably in Europe. Hand-wringing over Turkey’s economic health under the stewardship of President Recep Tayyip Erdogan is nothing new. Consternations about Ankara have been gathering steam since the 64-year-old won a sweeping, but disputed, snap-election […]

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Microsoft CEO Satya Nadella Sells $35.9 Mln Stock

In the SEC filing late Friday, Microsoft Corp. (MSFT) announced that its Chief Executive Officer Satya Nadella has sold 328,000 shares valued at $35.9 million. Nadella now holds 778,596 Microsoft shares. Microsoft closed down 0.61% to $109 during the regular trading session. In after hours, the stock up less than 0.1%. The stock divestitures made today were for personal financial […]

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