Monthly Archives: October 2015

Dollar steadies vs yen as Japan budget report lifts risk appetite

The dollar bounced against the yen on Friday, as a report that Japan may unveil a supplementary budget lifted risk appetite and helped the greenback pare earlier losses. The dollar was up 0.1 percent at 121.24 yen JPY=. The U.S. currency had earlier dipped to as low as 120.29 after the Bank of Japan stood pat on monetary policy, disappointing ...

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Syria’s War: A Guide to Who Wants What at Vienna Peace Talks

On-again, off-again talks to end Syria’s war get a boost today when diplomats meet in Vienna. Iran, which is fighting a proxy war with Saudi Arabia in Syria, will be present for the first time, joining envoys from the U.S., Russia, and elsewhere. Untangling the interests will be key to resolving the conflict. Here’s a summary of what each side ...

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Crude oil falls after U.S. growth figures disappoint

Crude futures dropped in Asian trading on Friday after the release of a report showing that U.S. economic growth had slowed sharply, reinforcing concerns about sluggish demand in a world awash with oil. U.S. economic growth braked sharply in the third quarter as businesses cut back on restocking warehouses to work off an inventory glut, data showed. Both of the ...

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Asian shares edge up, Nikkei gyrates as BOJ holds steady

Asian shares edged up on Friday, on track for their biggest monthly rise since January 2012 but headed for weekly losses as investors fretted about the possibility United States interest rates could still rise this year. Japanese shares slipped briefly and then regained their composure, while the yen rose after the Bank of Japan held policy steady. The BOJ kept ...

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Are guns welcome at Trump hotels? Depends on whom you ask

For those wondering whether they can bring their guns with them to the Trump-branded hotels and golf courses that dot the United States’ classier corners, Donald Trump may have only added to their uncertainty during Wednesday’s Republican debate. The billionaire real-estate developer and presidential contender indicated he thought guns were not generally allowed, but should be. Several resorts bearing his ...

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China naval chief says minor incident could spark war in South China Sea

China’s naval commander told his U.S. counterpart that a minor incident could spark war in the South China Sea if the United States did not stop its “provocative acts” in the disputed waterway, the Chinese navy said on Friday. Admiral Wu Shengli made the comments to U.S. chief of naval operations Admiral John Richardson during a video teleconference on Thursday, ...

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Erdogan says Turkey may hit U.S.-backed Syrian Kurds to block advance

Turkey will “do what is necessary” to prevent U.S.-allied Syrian Kurdish rebels from declaring autonomy in the town of Tel Abyad near the Turkish border, including conducting further military operations, President Tayyip Erdogan said on Wednesday. NATO member Turkey is part of the U.S.-led coalition fighting Islamic State militants in Syria, but it sees advances by autonomy-seeking Kurds, led by ...

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Global stocks at two-month highs, dollar up; oil down for week

Stocks in major world markets rose to a two-month high on Friday and the dollar ticked up, boosted by views that the European Central Bank may provide more stimulus to the euro zone economy. Oil prices rose nearly 2 percent as traders covered short positions after four days of losses and the U.S. oil rig count fell for a seventh ...

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China, Germany agree Syria needs political solution

Chinese Premier Li Keqiang and German Chancellor Angela Merkel agreed on Thursday that there must be a political solution to the crisis in Syria. China has repeatedly expressed opposition to the use of force to resolve the crisis in Syria, saying that a political solution was the only way out. Russia last month began air strikes on targets in Syria ...

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U.S. Equities Climb After Fed Amid Rally in Banks, Energy Shares

U.S. stocks soared to a two-month high as commodity producers rallied and the Federal Reserve’s signal that it may raise interest rates as soon as December sent financial shares surging. Equities had advanced into the afternoon Fed statement, boosted by Apple Inc. following its better-than-expected results and by energy shares as oil surged the most in eight weeks. The indication ...

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