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 Latest Business and Finance News
Oil prices dip in Asia after huge rally [Geo TV]
Singapore: Oil prices fell in Asia Monday, coming under pressure as dealers took profits from huge g ...Detail
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Consumer confidence jumps in August  [Reuters] 25 Aug, 2015
NEW YORK (Reuters) - U.S. consumer confidence rebounded in August according to a private sector report released on Tuesday.
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Services sector growth slows in August: Markit  [Reuters] 25 Aug, 2015
NEW YORK, (Reuters) - The U.S. services sector expanded at a slower pace in August than July as new business growth softened, an industry report showed on Tuesday.
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CBO cuts FY 2015 US deficit estimate by $60 billion as revenues rise  [Reuters] 25 Aug, 2015
WASHINGTON (Reuters) - The U.S. budget deficit is likely to fall by $60 billion in 2015 due to strong revenue gains, the Congressional Budget Office said on Tuesday, adding that the government may be able to pay its bills without ...
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Wall Street rebounds sharply after global market rout  [Reuters] 25 Aug, 2015
(Reuters) - U.S. stocks rebounded sharply on Tuesday as investors sought out bargains a day after Wall Street turned in its worst performance in four years.
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Safety agency probes Jeep Grand Cherokees after roll-away incidents  [Reuters] 25 Aug, 2015
DETROIT (Reuters) - U.S. safety regulators have opened an investigation into reports from consumers that Fiat Chrysler Automobiles NV's popular Jeep Grand Cherokee SUVs rolled away after being placed in the "park" position.
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Wall Street rebounds sharply after 'Black Monday'  [Reuters] 25 Aug, 2015
(Reuters) - U.S. markets opened sharply higher on Tuesday as bargain hunters stepped in a day after Wall Street suffered its biggest rout in four years.
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Three big US consumer companies have highest CEO pay gaps: study  [Reuters] 25 Aug, 2015
BOSTON (Reuters) - Popular consumer brands Discovery Communications, Chipotle Mexican Grill and CVS Health Corp pay their chief executive officers more than a thousand times what they pay their typical worker, giving them the bigg ...
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China cuts rates, reserve ratio after stocks plummet again  [Reuters] 25 Aug, 2015
SHANGHAI (Reuters) - China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock ...
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Global stocks, oil, dollar extend gains after China cuts rates  [Reuters] 25 Aug, 2015
LONDON (Reuters) - Shares, oil and core bond yields extended gains in midsession European trade on Tuesday as a tentative market rebound picked up pace after China cut interest rates and banks' reserve requirements to kick-st ...
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China cuts rates, reserve ratio to aid economy as stocks sink  [Reuters] 25 Aug, 2015
BEIJING (Reuters) - China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock ...
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Best Buy posts surprise increase in quarterly sales  [Reuters] 25 Aug, 2015
(Reuters) - Best Buy Co Inc , one of the few remaining U.S. electronics store operators, reported a surprise increase in quarterly sales, helped by demand for appliances, televisions and mobile phones in the United States.
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Stock futures rise sharply as China cuts interest rates  [Reuters] 25 Aug, 2015
(Reuters) - U.S. stock index futures rose sharply on Tuesday in anticipation of bargain hunting a day after Wall Street turned in its worst performance in four years and as China cut interest rates for the second time in two month ...
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Shanghai stocks slump, defying bounce in Asian shares  [Geo TV] 25 Aug, 2015
SHANGHAI: Shanghai stocks tumbled on Tuesday, extending the worst daily plunge for eight years after worries about
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Commodities recover ground after China-led rout  [Geo TV] 25 Aug, 2015
Singapore: Crude prices and most commodities rebounded in Asia Tuesday but remained under pressure following a glo
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Pakistan, Japan enjoy ideal relations: Farukh Amil  [Business Recorder] 25 Aug, 2015
ISLAMABAD: Pakistan and Japan enjoy exemplary relations which can further be enhanced with the increase in people to people contacts and exchanges of business, cultural and political delegations between the two countries.This was ...
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DG Rangers for joint task force of CPLC, Rangers to curb crimes  [Business Recorder] 25 Aug, 2015
KARACHI: Maj.Gen. Bilal Akbar, Director General, Pakistan Rangers - Sindh has suggested a joint CPLC and Rangers Special Task Centre (RSTC) under which the two, keeping their identity intact, may work together closely to curb crim ...
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APTMA vows to enhance textile exports  [Business Recorder] 25 Aug, 2015
ISLAMABAD: All Pakistan Textile Mills Association (APTMA) and other associations of textile industry wanted to enhance their exports provided government extends support and create conducive environment in this regard."We are ...
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NBP installs over 1000 ATMs in Pindi-Islamabad Region  [Business Recorder] 25 Aug, 2015
RAWALPINDI: In the National Bank of Pakistan's Rawalpindi/Islamabad region over 1,000 Automated Teller Machines (ATM) have been installed for the convenience of its customers, said a senior official of the bank here on Tue ...
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FC foils sabotage bid in Dera Bugti  [Business Recorder] 25 Aug, 2015
QUETTA: Frontier Corps Balochistan foiled a sabotage bid and recovered explosives from a village in Dera Bugti, on Tuesday.A spokesman for FC said, here on Tuesday that acting on a tip-off, FC teams raided a place in village Goth ...
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Asian shares bounce off three-year lows while China's suffering goes on  [Reuters] 25 Aug, 2015
TOKYO (Reuters) - Volatile global markets showed signs of a respite from the recent blood-letting on Tuesday, as bargain hunters helped Asian stocks off three-year lows hit on fears that China's economy was risking a hard lan ...
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Oil claws back some losses but remains at 2009 levels over Asian economic woes  [Reuters] 25 Aug, 2015
SINGAPORE (Reuters) - Crude oil markets recovered somewhat on Tuesday from sharp falls in the previous session but they remained at 2009 levels as Asian equities kept tumbling, triggering fears of an economic tailspin in the regio ...
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China stocks plunge to eight-month lows before paring losses  [Reuters] 25 Aug, 2015
SHANGHAI (Reuters) - China's major stock indexes slumped more than 6 percent to 8-month lows in early trade on Tuesday before paring losses, after a catastrophic Monday that destabilized financial markets around the world.
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Oil prices edge up but market remains cautious as Asian stocks keep tumbling  [Reuters] 25 Aug, 2015
SINGAPORE (Reuters) - Crude oil markets edged up but remained near 6-1/2-year lows on Tuesday, following a session that saw prices fall as much as 6 percent after a Chinese equities rout sent global markets into a tailspin.
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Sears looks to boost Kenmore and Craftsman brands with new hire  [Reuters] 25 Aug, 2015
(Reuters) - Sears Holdings Corp named a former Johnson & Johnson executive to a new position as president of "hardlines" as the struggling retailer tries to stem the declining market positions of the Kenmore, Diehard and Craft ...
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Oil prices steady but near recent lows as Asian stocks resume slide  [Reuters] 25 Aug, 2015
SINGAPORE (Reuters) - Crude oil markets edged up but remained near 6-1/2-year lows on Tuesday, following a session that saw prices fall as much as 6 percent after a Chinese equities rout sent global markets into a tailspin.
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Asian shares resume slide on fears over Chinese economy  [Reuters] 25 Aug, 2015
TOKYO (Reuters) - Asian stocks looked vulnerable to another sell-off on Tuesday, with investors gripped by fears of a hard landing for the Chinese economy, the world's most important growth engine.
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Exclusive: Boeing eyes 'several hundred' layoffs in satellite division  [Reuters] 24 Aug, 2015
WASHINGTON (Reuters) - Boeing Co on Monday told its workers that it expected to cut as many as "several hundred" jobs in its satellite business through the end of 2015 due to a downturn in U.S. military spending and delays in comm ...
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Fed's Lockhart sees 2015 rate hike, but reading inflation 'tricky'  [Reuters] 24 Aug, 2015
BERKELEY, Calif. (Reuters) - A top U.S. central banker appears to have cooled to the idea of an interest rate hike next month, saying on Monday only that the Federal Reserve will likely begin raising rates "sometime this year."
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China share plunge smacks world markets; S&P, Nasdaq in correction  [Reuters] 24 Aug, 2015
NEW YORK (Reuters) - A near-9 percent dive in China shares sent world stocks and commodity prices tumbling on Monday, and U.S. stocks ended a volatile day with the S&P 500 and Nasdaq composite indexes sliding into correction t ...
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Wall St. suffers worst day in four years, S&P confirms correction  [Reuters] 24 Aug, 2015
(Reuters) - Investors rattled about China sent U.S. stock indices almost 4-percent lower on Monday in an unusually volatile session that confirmed the S&P 500 was formally in a correction, even after a dramatic rebound by Appl ...
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