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US Stocks Close Slightly Lower

– US stocks closed with modest losses on Wednesday, well off their intraday highs, after the Federal Reserve cut interest rates by 50 basis points.

The S and P 500 lost 16.37 points, or 0.29%, to end at 5,618.21 points, while the Nasdaq Composite los…

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AAIA: Cathay Airbus defects could cause major damage

The engine defect in the Airbus A350 plane that led to the cancellation of dozens of Hong Kong-based Cathay Pacific Airways’ flights in early September could have escalated into “extensive damage,” public broadcaster Radio Television Hong Kong report…

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Japan, UAE to launch FTA negotiations

Japan and the United Arab Emirates (UAE) have decided to launch negotiations for a free trade agreement (FTA), Japanese Foreign Minister Yoko Kamikawa announced Wednesday. In a press conference, minister Kamikawa expressed hope of “concluding an ambi…

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Oil Prices Settle Up

Oil prices rose by a dollar a barrel on Tuesday as supply disruptions mounted and traders bet that demand will grow if the US Federal Reserve lowers borrowing costs this week, as is widely expected.

Brent crude futures gained 95 cents, or 1.3%, to se…

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