Oil Prices Fall After China GDP Data

Oil prices were flat to slightly lower on Monday after the latest GDP data from China confirmed a slowdown in the world’s second largest economy. Sentiment was also dented after the Bloomberg reported that the U.S. and China are making little progress on the key issue of intellectual property protection. Global benchmark Brent crude was marginally lower at $62.67 a […]

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Poor Earnings Season May Not Stop a Market Rally, JPMorgan Says

The coming earnings season is likely to be ugly, but that may not be taken badly by an equity market that’s already anticipating negative news, according to JPMorgan Chase & Co. Particularly weak activity indicators in Europe suggest the coming season is likely to be challenging and below consensus estimates, according to strategist Mislav Matejka, who has cut his expectations […]

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Russia opens civil proceedings against Facebook, Twitter – Ifax

MOSCOW, Jan 21 (Reuters) – Russia’s communication watchdog said on Monday it was opening administrative proceedings against Twitter and Facebook for failing to comply with data laws, the Interfax news agency reported. Roskomnadzor, the watchdog, was quoted as saying that Twitter and Facebook had not explained how and when they would comply with legislation requiring them to store Russian users’ […]

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Morning News Call – India, January 21

To access the newsletter, click on the link: here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH No major events are scheduled. INDIA TOP NEWS • India sacks PNB executives for lapses in $2 billion fraud in first firings -sources India has sacked two executives of state-run Punjab National Bank for […]

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School where fans displayed Trump flag pulls out of MLK game

A Minnesota high school where fans displayed a President Donald Trump re-election flag has pulled out of a basketball invitational hosted by a Minneapolis school on Martin Luther King Jr. Day The Jordan High School boys’ basketball team was scheduled to play Minneapolis Henry on Monday in the MLK Showcase at Minneapolis Roosevelt. Some Jordan fans displayed a Trump banner […]

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Australia's solar, wind boom to power past grid woes in 2019

MELBOURNE (Reuters) – Australia’s wind and solar boom looks set to power through 2019 following a record year, despite grid constraints and extra scrutiny from network operators to make sure new projects don’t spark blackouts like ones that hit two years ago. Abundant wind and sun, falling turbine and panel costs, and corporate demand for contracts to hedge against rising […]

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Tornado devastates Alabama city; mayor says 'God has a plan'

Extreme weather: Tornado rips through Alabama communities Snow-related crashes kill three across the country and a tornado touches down in Alabama. Residents of a small Alabama city are picking up the pieces Sunday after a tornado caused significant damage to the downtown area and trapped some residents under debris. The preliminary EF-2 tornado with winds between 120 and 130 mph touched […]

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MIDEAST STOCKS-Banks hurt Saudi, most Gulf markets fall

* Saudi’s Almarai slips after Q4 results * Dubai’s DAMAC continues to slide after BofA downgrade * Emirates NBD continues to gain after Q4 results DUBAI Jan 20 (Reuters) – Bank shares led Saudi Arabia’s stock market lower on Sunday as most regional bourses fell. In Saudi Arabia, the index lost 0.8 percent with Al Rajhi Bank and Samba Financial […]

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