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Wall Street boosted by financial, energy stocks

(Reuters) – Wall Street rose for the first time in three days on Wednesday, powered by gains in financial and energy shares. Activity in the U.S. services sector saw a big rebound in September, after having slowed to more than a six-year low in the previous month, a...
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Sterling steadies after fall below $1.27

LONDON (Reuters) – Britain’s pound steadied on Wednesday after growing fears of a ‘hard’ Brexit from the European Union briefly drove it below $1.27 for the first time since 1985. After hitting a 5-year trough against a broadly stronger euro in early trade in London, sterling recovered ground,...
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Tata Motors to hike prices of passenger vehicles

New Delhi, Oct 2 (IANS) Automobile major Tata Motors plans to raise prices of its passenger vehicles during the ongoing festive season to offset increasing input cost, the company said. “We will hike prices of our vehicles. Currently we are working out the details,” Tata Motors President (Passenger...
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Wall Street rally continues after Fed rate decision

  REUTERS – U.S. stocks soared on Thursday, with the Nasdaq hitting a record intraday high, a day after the Federal Reserve stood pat on interest rates. While the Fed said the risks to economic outlook were roughly “balanced”, it left rates unchanged as inflation continued to run...
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Sensex, Nifty fall; Fed, BOJ outcomes awaited

REUTERS – Indian shares fell on Tuesday after four sessions of gains as sentiment across the globe was cautious ahead of the outcomes of the Federal Reserve and the Bank of Japan’s policy meetings later this week. The consensus is that the Fed will leave interest rates unchanged,...
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Oil extends gains after data shows huge stock draw

TOKYO (Reuters) – Oil prices extended gains by more than 1.5 percent on Thursday after industry data showed what might be the largest weekly drawdown in crude stocks in over three decades. U.S. crude stocks surprisingly plunged by 12.1 million barrels last week, data from the American Petroleum...
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Financial Tips For Young Adults

Unfortunately, personal finance has not yet become a required subject in high school or college, so you might be fairly clueless about how to manage your money when you’re out in the real world for the first time. To help you get started, we’ll take a look at...
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This Is What A Financial Crisis Looks Like

Just within the past few days, three major high yield funds have completely imploded, and panic is spreading rapidly.  Funds run by Third Avenue Management and Stone Lion Capital Partners have suspended payments to investors, and a fund run by Lucidus Capital Partners has liquidated its entire portfolio. ...
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