• Oil drops as rising global supply forces price U-turn
Oil drops as rising global supply forces price U-turn

West Texas Intermediate crude for December delivery traded at US$61.79 (RM258.28) a barrel at 4.38pm in New York after ending the session at US$62.21 on the New York Mercantile Exchange, the lowest close since April 6. India Friday welcomed the United States announcement allowing it to keep buying crude oil from Iran and said it was examining the ...

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  • Lion Air jet in another accident | worldwide
Lion Air jet in another accident | worldwide

According to Bloomberg , more than 200 737 Max jets are already in use in commercial aviation. Together, there are at least six such aircraft with the two carriers. It's still possible the FAA may order Boeing to redesign the equipment or software as investigators piece together details of the October 29 crash, which killed 189 people.

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  • Lowes to close 51 stores in North America next year
Lowes to close 51 stores in North America next year

According to Bloomberg , the reassessment relates to a renewed focus on the business's large-format locations, with several small-format stores among those to be shuttered. The move Monday came as Mooresville, N.C.,-based Lowe's struggles to compete with rival Home Depot. Shares of Lowe's Companies Inc closed higher for the fifth time in th...

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  • Kudlow less optimistic about US-China trade deal
Kudlow less optimistic about US-China trade deal

US-China talks have made little progress since May, when Trump put a stop to a deal that would see China buy more energy and agricultural goods to narrow the trade deficit. An early-December announcement of a new product list could make the effective date-after a 60-day public comment period-coincide with China's Lunar New Year holiday in early...

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  • Imran Khan hoping for a bailout from China, Pakistan’s ‘all-weather’ friend
Imran Khan hoping for a bailout from China, Pakistan’s ‘all-weather’ friend

The creation of the China-Pakistan Economic Corridor (CPEC) has no relevance to the Indian-Pakistani territorial dispute and will not influence China's stance on Kashmir, the Chinese Foreign Ministry spokesman, Lu Kang, said on Thursday. He said his government and party wanted to learn from China in this area because white-collar crime was very har...

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  • Oil Monthly Forecast - November 2018
Oil Monthly Forecast - November 2018

Structurally oil prices remain bearish as the Brent curve moves deeper into contango (Spot price lower than forward price). Yet over the past 20 trading sessions, oil and stocks both peaked in early October and both have lost almost 10 percent through the end of the month.

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  • RBI governor may consider resigning after rift with govt
RBI governor may consider resigning after rift with govt

In August, the government inducted RSS ideologue S. Gurumurthy and businessman Satish Kashinath Marathe on the RBI board, in a move that was widely seen aimed at influencing the central bank's decision-making. "The central government may from time to time give such directions to the bank as it may, after consultation with the governor of the Bank...

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  • IBM to acquire open-source software company Red Hat
IBM to acquire open-source software company Red Hat

The tech giant will be purchasing all of Red Hat's issued and outstanding common shares for $190.00 per share in cash. IBM shares closed on October 26 at $124.79, just off the 52-week low of $123.71. Prior to this announcement, Microsoft bought GitHub which was interpreted as quite a big deal, while Salesforce bought Mulesoft. "Red Hat has always...

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  • Indonesian Flight Carrying 188 Passengers Crashes Minutes After Take-Off
Indonesian Flight Carrying 188 Passengers Crashes Minutes After Take-Off

The government confirmed this evening that no Malaysians had been on board the Lion Air flight carrying 189 people that crashed into the sea north of Jakarta today. Indonesia's Air Force says it has deployed three helicopters for search and evacuation in the waters of Tanjung Karawang. Earlier this morning, Lion Air flight JT610 suddenly f...

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  • Two Mega Millions tickets worth $1 million prize sold in MI
Two Mega Millions tickets worth $1 million prize sold in MI

More states might report winning tickets. "Our board has a policy to protect the victor because of, you know, all the risks associated with having that much money", South Carolina's lottery chief William Hogan Brown told ABC's "Good Morning America" early Wednesday.

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  • Intel, Alphabet and Amazon are the Yahoo Finance charts of the day
Intel, Alphabet and Amazon are the Yahoo Finance charts of the day

Net income increased to $2.9 billion in the third quarter, or $5.75 per diluted share, compared with net income of $256 million, or $0.52 per diluted share, in the third quarter of 2017. "Weak revenue growth stuck out like a sore thumb", said George Salmon, analyst at Hargreaves Lansdown. In the holiday period past year, Amazon saw sales of $60....

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  • Owner warns others to stop feeding 'gold-digging' dog McDonald's
Owner warns others to stop feeding 'gold-digging' dog McDonald's

The pup seems to recognize Reyes and begins to wag her tail and jump on the vehicle. In a Facebook post that's now gone viral , her owner, Betsy Reyes , accused the pup of pretending to be a stray, so fast food customers will throw her free burgers.

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  • China Mocks Report Claiming Trump's iPhone Hacked: 'Use Huawei'
China Mocks Report Claiming Trump's iPhone Hacked: 'Use Huawei'

Chinese foreign ministry spokeswoman Hua Chunying was asked about the story during a press conference on Thursday. "If there are concerns about Apple calls being listened-in on, then you can change to Huawei phones", she continued. Hua's remarks about President Trump potentially using a Huawei smartphone come after Australia , India , and the...

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  • Trump Briefed by CIA Director Haspel on Khashoggi Probe
Trump Briefed by CIA Director Haspel on Khashoggi Probe

Haspel visited Turkey to investigate Khashoggi's death, and the Washington Post reported late Wednesday that Haspel, while in Turkey, heard audio allegedly produced during the columnist's interrogation and murder . "The chancellor urged Saudi Arabia to ensure a rapid, transparent and credible investigation". One source said Salah Khashoggi h...

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  • Elon Musk tweets
Elon Musk tweets "wanna buy some bitcoin?" and gets blocked by Twitter

The current tunnel stretches for two-miles in Hawthorne, California, and is acting as a "proof of concept" for larger projects. A lot of details remain unknown, but The Boring Company's ultimate goal is to build a high-speed underground public transportation system known as the Loop.

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  • What happens if you win Mega Millions' $1.6B jackpot?
What happens if you win Mega Millions' $1.6B jackpot?

Three of the five largest jackpots in US history were split between multiple people, with the largest single prize going to a MA resident in 2017 who won a $758.7 million Powerball prize. "Every one of these numbers has an equal chance of being the six numbers", Van Sickle said. The estimated $1.6 billion prize is the largest jackpot in histo...

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  • Turkish president says Khashoggi was victim of ‘ferocious’ pre-planned murder
Turkish president says Khashoggi was victim of ‘ferocious’ pre-planned murder

Trump also told the newspaper that he didn't think the Saudi ruler, King Salman, knew that Khashoggi was a target. But he again declined to lay blame at the feet of Saudi Crown Prince Mohammed bin Salman or his father, King Salman, saying he'd spoken to both of them and they denied any involvement.

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  • The Italian government maintains its budget, and its commitment to the euro
The Italian government maintains its budget, and its commitment to the euro

At 1100 GMT it traded 0.1 percent up on the day at $1.1464.Italy is the third-largest economy of the 19-country euro zone, and a crisis there could unsettle the entire bloc. The document said the budget appeared to be in "particularly serious non-compliance" with European Union rules as its deviation from targets was "unprecedented", and gave Rome...

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  • Tesla Model 3 introduced with mid-range battery pack at $45,000
Tesla Model 3 introduced with mid-range battery pack at $45,000

Despite all those caveats, Musk followed up his order page tweet with another tweet on Thursday night arguing that the "true cost of ownership is closer to $31k after gas savings". Potential buyers should also read the fine print regarding the delivery of the cheapest Model 3 vehicle on the market. Tesla's CEO announced on Twitter that ...

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  • Jared Kushner says administration still 'fact-finding' in Jamal Khashoggi death investigation
Jared Kushner says administration still 'fact-finding' in Jamal Khashoggi death investigation

There has been speculation Khashoggi was murdered because of his open criticism of the Crown Prince but Saudi authorities insist the royal played no part in his death. Stephen Gethins of the SNP, who organised the letter, said: "What outrages does the Saudi government have to commit before the United Kingdom government says "enough is enough"?"...

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  • Mega Millions jackpot grows to $970 million ahead of Friday’s drawing
Mega Millions jackpot grows to $970 million ahead of Friday’s drawing

Three tickets sold in North Carolina were among the 100 $10,000 winners nationwide, lottery officials said. Pick the less liked numbers, he suggests, that way you're more likely take home a bigger chunk of the pot. Of course, more players means a greater chance of splitting the jackpot, and, "If you don't have a ticket, you have zero chance of wi...

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  • Pompeo demands U.S. network to withdraw false quote on Khashoggi
Pompeo demands U.S. network to withdraw false quote on Khashoggi

Trump spoke hours after receiving an update from Secretary of State Mike Pompeo on the results of Pompeo's emergency talks in Saudi Arabia and Turkey this week. Stephen Colbert has mocked President Donald Trump for his perceived soft-pedaling of suspicions that Washington Post columnist Jamal Khashoggi was murdered in a Saudi Arabi...

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  • Saudi Arabia keen to invest in downstream business in India
Saudi Arabia keen to invest in downstream business in India

Department of Energy's Energy Information Administration (EIA). 'You cannot keep the price low with slogans and intimidation, ' considered Zanganeh. Since the oil embargo of the 1970s, Saudi Arabia has avoided threats to use its "oil weapon" in diplomatic affairs, insisting that it favors stable markets and separates oil and politics.

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  • More than $1 billion up for grabs in upcoming lottery drawings
More than $1 billion up for grabs in upcoming lottery drawings

Together, that's more than $1 billion. At $667 million, someone holding a lone winning ticket would have the option of taking a cash payout of $380 million, according to the game's website. And if you prefer math to luck, here is an eye-opening disclaimer: The odds of winning the Mega Millions jackpot are 302,575,350 to 1. There were 2,651,18...

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  • Oil Set for Worst 2-Day Drop Since July
Oil Set for Worst 2-Day Drop Since July

U.S. West Texas Intermediate (WTI) crude CLc1 futures were down by 91 cents, or 1.2 per cent, at $72.26, having also fallen to their lowest since September 27. The API data, which were released a day late due to Monday's Columbus Day holiday, also showed supplies of gasoline climbed by 3.4 million barrels, while distillates fell 3.5 million barrels...

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  • IEA cuts oil demand forecasts but sees prices staying high
IEA cuts oil demand forecasts but sees prices staying high

Figures released Thursday by the U.S. Energy Information Administration revealed crude inventories climbed by six million barrels in the week leading up to October 5, compared with analyst expectations for an increase of 2.6 million barrels.

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  • Facebook hack included search history, location data of millions
Facebook hack included search history, location data of millions

Attackers stole authentication tokens for these 30 million accounts, but they also stole additional data for 29 million, Facebook said . Rosen reiterates that people's accounts "have already been secured" by what Facebook did two weeks back when they prompted millions of users to reset the access tokens.

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  • More airlines opt for ultra-long-haul flights
More airlines opt for ultra-long-haul flights

Singapore Airlines launched the record-breaking route in 2004, but canceled it nine years later because of rising fuel prices. Airbus developed the latest model for extra-long flights. 'My cousin said 'hey, this is in the press.' I'm going to take pictures and show her, ' she said. But the carrier is hoping that the introduction of more fuel...

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  • Pakistan's currency plunges as it seeks International Monetary Fund loan
Pakistan's currency plunges as it seeks International Monetary Fund loan

In its latest "World Economic Outlook", (WEO) the IMF's has predicted that the global economy will grow by 3.7% in 2018, down from the 3.9% it predicted in April 2018. The IMF also took aim at Brexit in its assessment, as it warned how slow progress in thrashing out an European Union divorce deal for Britain is creating "pervasive uncertainty" abou...

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  • European Union says there has been ‘no breakthrough’ in Brexit talks
European Union says there has been ‘no breakthrough’ in Brexit talks

On Thursday morning, Mrs May's official spokesman told journalists that "big issues" still remained to be resolved between the United Kingdom and Brussels, which included the backstop and issues such as geographic indicators for goods. Instead, as Newsnight's Nick Watt reported last night, there's a new plan to insert a "review clause" for the ba...

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  • Will Washington loosen anti-Iranian sanctions?
Will Washington loosen anti-Iranian sanctions?

Iran is India's third-largest oil supplier behind Iraq and Saudi Arabia . Oil prices , which account for about 80 percent of Saudi public income, have increased by more than 70 percent since June a year ago to over $80 a barrel. "We continue to have conversations with the government of Iraq about that particular issue and the implications fo...

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  • Rupee plunges to fresh record low of 73.77 against dollar
Rupee plunges to fresh record low of 73.77 against dollar

The dollar rose to near 1-month highs against global currencies. There is anticipation that the RBI will further raise key lending rates by 25 basis points to arrest the rupee's slide. The 10-year gilt yield stood at 8.061%, down from its previous close of 8.157%. Mr Khoon Goh, head of Asia research at ANZ Banking Group in Singapore, said the m...

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  • As 10 States Follow Centre In Slashing Fuel Prices, Kerala Refuses
As 10 States Follow Centre In Slashing Fuel Prices, Kerala Refuses

In the announcement, Jaitley has also asked state governments to announce a matching reduction in duties and taxes levied by the state, which could see the prices decrease even further. The Government will request state governments to cut down, he said. Brent oil on Wednesday crossed $86 per barrel, which is the highest in the last four years, ...

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  • Oil near 4-yr high as Washington's Iran sanctions loom
Oil near 4-yr high as Washington's Iran sanctions loom

Global benchmark Brent crude oil futures were at $85.03 per barrel at 0439 GMT, up 5 cents from their last close, and not far off the $85.45 peak reached in the previous session, the highest since November 2014. -Mexico-Canada Agreement is also improving the overall sentiment for oil". Iran's production will fall further after the Nov 4 U.S...

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  • Amazon raising minimum wage to $15 for all US employees
Amazon raising minimum wage to $15 for all US employees

Amazon said 17,000 British employees would benefit from the rises, as well as 250,000 USA workers. Amazon, which just became the second company to have a $1 trillion market cap, said it plans to push the federal government to increase the minimum wage.

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