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Monthly Archives: May 2018

US sanctions war against Iran prompts fight-back from Europe

LUDOVIC MARIN/AFP/Getty Images French President Emmanuel Macron (L), Britain’s Prime Minister Theresa May (C) and German Chancellor Angela Merkel take a moment to discuss as they walk together during an EU-Western Balkans Summit in Sofia on May 17, 2018. European leaders said Thursday they will do their utmost to protect …

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Study says China-backed dam would destroy Mekong

Giles Clarke | Getty Images The Mekong is the world’s 12th longest river and runs some 2,700 miles from the Tibet plateau in the north through China, Myanmar, Laos, Cambodia spilling through the delta of South Vietnam into the South China Sea. A Chinese-backed plan for Cambodia to build the …

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Merkel says the EU is now ready to discuss cutting trade tariffs with Trump

Kay Nietfeld | Pool | Getty Images U.S. President Donald Trump talks to German Chancellor Angela Merkel before the first working session of the G20 meeting in Hamburg, Germany, July 7, 2017. Germany’s Chancellor Angela Merkel has signaled that the European Union is willing to discuss reducing trade tariffs with …

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Indian Minister of State for External Affairs VK Singh in North Korea

KCNA | Reuters North Korean leader Kim Jong Un reacts with scientists and technicians of the DPRK Academy of Defence Science after the test-launch of the intercontinental ballistic missile Hwasong-14 in this undated photo released by North Korea’s Korean Central News Agency (KCNA) in Pyongyang July, 5, 2017. “Now that …

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Japan is reportedly planning retaliatory tariffs against the US

Joe Raedle | Getty Images U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe at Mar-a-Lago resort on April 18, 2018. Japan is considering slapping tariffs on U.S. exports worth $409 million in retaliation against steel and aluminium import tariffs imposed by President Donald Trump, public broadcaster NHK said …

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HKMA buys HK$9.5 billion in US trade as Hong Kong currency weakens

Jerome Favre | Bloomberg | Getty Images The Hong Kong Monetary Authority is displayed outside Two International Finance Centre in Hong Kong on June 19, 2013. The Hong Kong Monetary Authority (HKMA) stepped into the currency market and bought another HK$4.710 billion ($600 million) in Hong Kong dollars on Wednesday …

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Earthquake 5.3 magnitude jolts eastern Japan’s Chiba

Kiyoshi Ota | Bloomberg | Getty Images A wind turbine stands in the sea off the coast of Choshi City, Chiba Prefecture, Japan, on Monday, March 4, 2013. An earthquake with a preliminary magnitude of 5.3 hit eastern Japan on Thursday, the Japan Meteorological Agency said. The epicentre of the …

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Malaysia GST to be scrapped following election

Lai Seng Sin | Reuters Mahathir Mohamad, former Malaysian prime minister and opposition candidate for Pakatan Harapan (Alliance of Hope) reacts during a news conference after general election, in Petaling Jaya, Malaysia, May 9, 2018. Malaysia said it will introduce a sales and service tax to partly offset the shortfall …

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Small-cap stocks quietly rise to new all-time high

Brendan McDermid | Reuters Traders work on the floor of the New York Stock Exchange on November 18, 2016. The Russell 2000 index hit an all-time intraday high on Wednesday, sneaking past its large-cap counterparts amid lingering trade tensions between the U.S. and some of its key trade partners. Wednesday’s …

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Nvidia is one of few stocks in the market I’m interested in being long right now, says trader

Nvidia is down more than 5 percent from its recent high, but the charts suggest the hot chip stock’s rally is about to resume. According to Todd Gordon, founder of TradingAnalysis.com, Nvidia is one of the few stocks in the market right now worth a buy. He pointed to two …

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