• Fed's Yellen Maintains Optimistic Outlook: Best Job Market In a Decade
Fed's Yellen Maintains Optimistic Outlook: Best Job Market In a Decade

Yellen, whose remarks came during a speech to graduating students at the University of Baltimore, cited better living standards for "most people" thanks to higher median household income and "disappointing" levels of poverty as reasons for continued labor-market strength, while wage and productivity growth continue to lag.

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  • Corpus Christi lifts water ban, encourages safety precautions
Corpus Christi lifts water ban, encourages safety precautions

The city's mayor said test results had showed no contamination, and locals could resume using water for drinking, bathing and cooking. Bill Miller, a company spokesman, declined to explain Friday how a hazardous chemical may have entered the water supply.

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  • Verizon reportedly weighing scratching Yahoo deal after massive hacking disclosure
Verizon reportedly weighing scratching Yahoo deal after massive hacking disclosure

Yahoo! Inc. disclosed a second major security breach that may have affected more than 1 billion users, giving an update on its probe into hacks on its system before the sale of its main web businesses to Verizon Communications Inc. But if Yahoo doesn't agree, Verizon might not have the legal grounds to do so under the terms of its deal, he said...

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  • US consumer prices up 0.2 percent in November
US consumer prices up 0.2 percent in November

In raising its benchmark overnight interest rate by 25 basis points to a range of 0.50 percent to 0.75 percent, the US central bank on Wednesday noted that inflation had increased since "earlier this year" and said it expected it to rise to its target "over the next couple of years".

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  • Zidane lavishes praise on Ballon d'Or victor Ronaldo
Zidane lavishes praise on Ballon d'Or victor Ronaldo

Ronaldo has now won just one less Ballon d'Or than 2015 victor Messi, whose Barcelona team beat Real Madrid to the Spanish La Liga title by one point. Real Madrid coach Zinedine Zidane has lavished more praise on Cristiano Ronaldo . Madrid is in Japan to face Mexican side Club America in the Club World Cup semifinals on Thursday.

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  • Tata Teleservices removes Cyrus Mistry as director
Tata Teleservices removes Cyrus Mistry as director

The outcome of the EGM vote was foregone. Returning to Tata Sons after the abrupt removal of Mr Mistry, Ratan Tata has moved quickly to consolidate his grip over the $103 billion salt-to-software group by seeking to remove the ousted chairman from the boards of group firms.

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  • Federal Reserve Raises Key Interest Rate In First Move Since 201503:47
Federal Reserve Raises Key Interest Rate In First Move Since 201503:47

Many investors are forecasting the Fed will raise rates one or two more times in 2017. It's the kind of fiscal support that both Yellen and her Fed predecessor, Ben Bernanke, called for in the past. Just an hour before the Federal Reserve announces whether short-term rates will be increased, USA stocks are essentially unchanged on the day. Along wi...

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  • India is now a good investment destination: Modi
India is now a good investment destination: Modi

Addressing the gathering, Najib hailed ties between Malaysia and India and how they had brought about business opportunities, with Asia and Asean being touted as important economic regions of the future. He said India is now witnessing an economic transformation and the outcomes are visible from India's global rankings on various indicators. He add...

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  • Six held in anti-terror raids across the country
Six held in anti-terror raids across the country

Once again, na number of arrests have been made on terror charges in the United Kingdom, with the alert level remaining high, and the public asked to remain vigilant. The investigation is being led by the North East counter terrorism unit (Nectu) supported by officers from Derbyshire, Staffordshire and the Metropolitan Police.

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  • Church building collapse: AKSG declared two days of mourning
Church building collapse: AKSG declared two days of mourning

The evangelical Reigners Bible Ministry in Uyo, capital of Akwa Ibom state was packed with worshippers when the roof - which was still under construction - collapsed, local media said, with the state-run Nigerian News Agency saying "between 50 and 200" people could have been killed.

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  • At 'historic' talks, Opec pushes for non-member cuts
At 'historic' talks, Opec pushes for non-member cuts

Falih said on Saturday that Riyadh may cut even deeper. That would come on top of 1.2 million barrels a day in cuts already agreed to by OPEC, amounting to a total of nearly 2% of global oil supply. "Non-OPEC has also made the largest contribution we have ever seen", said Ross, adding that he believed Russian Federation would curtail output in li...

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  • How the Dow Jones industrial average finished Friday
How the Dow Jones industrial average finished Friday

Small-company stocks continued to outpace the rest of the market by a wide margin. Global markets were higher amid optimism about the telecommunications industry and as investors expect more central bank stimulus in the eurozone. Of course, this has been higher and lower throughout the years. That sent energy companies higher. Bond yields are f...

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  • 21st Century Fox in bid approach for Sky
21st Century Fox in bid approach for Sky

He is also the chief executive of 21st Century Fox. The media mogul's son, James Murdoch, was named chairman of Sky this year, fueling speculation that Fox would make a bid. News Corp. has since split into 21st Century Fox and News Corp, parent company of The Wall Street Journal. He added: "The level of plurality in United Kingdom media has rem...

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  • Saudi-Iran rivalries could scuttle tentative OPEC deal
Saudi-Iran rivalries could scuttle tentative OPEC deal

Meetings to turn the planned non-OPEC cuts into reality are planned next month in Doha. Traders said markets were jittery and prices could swing sharply in either direction depending on developments in Vienna .Iran and Iraq have been resisting pressure from Saudi Arabia to curtail production, making it harder for the group to reach an agreement ...

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  • Gunbattle triggers anti-India clashes in Kashmir
Gunbattle triggers anti-India clashes in Kashmir

He said India wanted to damage Pakistan's reputation. He blamed India's intelligence agencies for using Afghan soil against Pakistan. The subtext was also that Pakistan will not and should not be asked to give up terrorism, Sibal added. He said the United States leadership had frequently acknowledged Pakistan as an important ally in the fight aga...

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  • Trump threats may not stop USA offshoring of jobs
Trump threats may not stop USA offshoring of jobs

As part of his efforts to win the votes of working classes, he had even threatened to impose punitive tariffs on companies that move manufacturing outside the USA but continue to sell their products in the country. The union representing workers at Carrier Corp.in Indianapolis is clarifying jobs numbers related to a plan to keep jobs previously hea...

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  • USA unemployment rate falls to lowest level since August 2007
USA unemployment rate falls to lowest level since August 2007

The drop in the unemployment rate appeared sudden as it had shown little movement over the past year, and the number of people in the workforce - the labour force participation rate - was little changed at 62.7 per cent. Companies continue to add jobs at a steady clip. The steady job gains and a low unemployment rate suggest the economy is heal...

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  • UP polls: PM to address BJP's 'Parivartan rally' in Moradabad today
UP polls: PM to address BJP's 'Parivartan rally' in Moradabad today

Mr Modi said, he is planning to make some arrangements so that corrupt people, who have deposited black money in Jandhan accounts, are jailed and the account holders are benefitted. "Is it a crime to fight corruption which is at the root cause of all ills prevailing in the country for the past 70 years?" He said the hardship of standing in queu...

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  • New 2017 Ford Fiesta officially revealed
New 2017 Ford Fiesta officially revealed

The major change comes at the back end however, where the previously vertical tail light stack has been replaced by a horizontal wraparound affair, not dissimilar to larger cars in Ford's range such as the Kuga. A hexagonal grille design separates the Active from the Fiesta pack, the rest of which sport rounded grilles. No information about e...

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  • Tata boardroom brawl not to impact group companies ratings: Moody's
Tata boardroom brawl not to impact group companies ratings: Moody's

These ratings are expected to continue including a one notch uplift, based on Moody's assessment of support for the companies from Tata Sons , in times of need. "This fortifies my belief beyond reasonable doubt that the publication of the said imputations and allegations against me are ex-facie baseless, false, defamatory, libellous and have been ...

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