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Twitter tumbles on concerns about hacking activity

Twitter tumbles on concerns about hacking activity

Twitter Inc shares fell almost 7 percent on Monday after the company said it was investigating unusual traffic that might be from state-sponsored hackers and, in what appeared to be an unrelated issue, a security firm said hackers used the platform to try to steal user data.

Global benchmark Brent posts a weekly loss of almost 2.3%

Global benchmark Brent posts a weekly loss of almost 2.3%

Oil Oil prices dropped about 2% on Friday, weighed down by falling US stock markets, while weak economic data from China pointed to lower fuel demand in the world’s biggest oil importer.

Major Europe stock markets stumble at start of busy week

Major Europe stock markets stumble at start of busy week

Major European stock markets fell yesterday, with Wall Street’s main indices also touching multi-month lows, at the start of a busy week packed with central bank interest rate decisions.

Xi facing scepticism to position himself as champion of reform

Xi facing scepticism to position himself as champion of reform

Xi Jinping is expected to use a speech in Beijing to argue that the four-decade-old reform process which transformed China’s economy is continuing, at a time when increasing state control and confrontation with the US fuel scepticism.

‘Japan can temporarily boost spending to ease sales tax pain’

‘Japan can temporarily boost spending to ease sales tax pain’

Japan should ensure that spending measures to ease the pain on the economy from next year’s scheduled sales tax hike are temporary and well-communicated, a senior International Monetary Fund official said yesterday.

IMF: Trade war is hurting Asia, may cut global growth forecasts

IMF: Trade war is hurting Asia, may cut global growth forecasts

Trade frictions between China and the United States are already affecting business confidence and investment in Asia, a senior International Monetary Fund official said, warning that the fund could further cut its global growth forecasts in January.

One of most indebted countries could be in for more pain

One of most indebted countries could be in for more pain

Lebanon, whose fiscal metrics are among the weakest of all the sovereigns rated by Moody’s Investors Service, may not have seen the worst of it yet.

China’s $20bn new Egypt capital project talks fall through

China’s $20bn new Egypt capital project talks fall through

Talks between Egypt and Chinese builder CFLD for a $20bn development in the new administrative capital have fallen through over disagreements on how to share revenue from the project, Egyptian officials said.

‘Iran urges EU to press Washington on Airbus aircraft deliveries’

‘Iran urges EU to press Washington on Airbus aircraft deliveries’

Iran called on the European Union yesterday to press US authorities to allow delivery of Airbus passenger aircraft purchased by Tehran, Iran’s student news agency ISNA reported.

Why neutral interest rates might be creeping higher

Why neutral interest rates might be creeping higher

When central banks started cutting interest rates to near zero after the 2008 stock market crash, they saw it as an emergency measure and thought things would gradually get back to normal.

Fed entering brave new policy world as rates near normal levels

Fed entering brave new policy world as rates near normal levels

Central bank seen raising rates this week, slowing in 2019; Trump attacks complicate Fed efforts to chart new rate path

Goldman faces first criminal charges in 1MDB scandal

Goldman faces first criminal charges in 1MDB scandal

Malaysia turned up the heat on Goldman Sachs Group Inc, filing the first criminal charges against the US bank in relation to the 1MDB scandal.

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