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AT&T Reaches Deal With Union Workers, Ending Strike
Telecom major AT&T Inc. has reached a new tentative agreement with its around 25,500 union members in the Southeast and West regions, ending a 30-day strike in the Southeast by the workers over better contract terms. In a statement, Members of the Communications Workers of America or CWA said new union contracts were agreed with AT&T Southeast and AT&T West.
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Dollar Edged Down Last Week Amidst Softer CPI
The week ended September 13 witnessed the Dollar slip marginally against major currencies in the backdrop of lower CPI readings from the U.S.
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New York Manufacturing Index Unexpectedly Turns Positive In September
The Federal Reserve Bank of New York released a report on Monday showing regional manufacturing grew for the first time in nearly a year in the month of September.
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UK House Prices Rise On Bank Of England Rate Cut: Rightmove
UK house prices increased in September as the traditionally busier Autumn market started early after the Bank of England's interest rate cut lowered mortgage rates and the election results boosted confidence, data published by the property website Rightmove showed Monday. House prices grew 0.8 percent on a monthly basis in September, in contrast to the 1.5 percent decrease in August.
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Holiday Deals: Target Circle Week Oct 6-12
Target Corp. is offering its largest holiday assortment yet, including thousands of exclusive, on-trend items with great savings, starting with Target Circle Week from October 6 to 12. The firm will offer incredible deals every week of the season. The Minneapolis-based retailer also said its hiring around 100,000 additional seasonal team members across stores and supply chain facilities.
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Eurozone Trade Surplus Rises In July
The euro area trade surplus increased notably in July due to the sharp rebound in exports, Eurostat reported Monday. On an unadjusted basis, the trade surplus rose sharply to EUR 21.2 billion in July from EUR 6.7 billion in the same period last year. In June, the surplus was EUR 21.7 billion.
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Sensex, Nifty End Marginally Higher Ahead Of Fed Decision
Indian shares eked out marginal gains in cautious trade on Monday as investors braced for a slew of central bank meetings this week, including the Federal Reserve's upcoming policy meeting on Wednesday.
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European Shares Struggle For Direction With Fed Meeting In Focus
European stocks struggled for direction on Monday as a slew of Chinese data missed expectations.
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FTSE 100 Subdued As Pound Rises On Bets Of Aggressive Fed Rate Cut
U.K. stocks were marginally lower on Monday as a rising British pound weighed on export-oriented companies.
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CAC 40 Little Changed As Investors Await Fed Decision
French stocks were steady on Monday as investors remained cautious ahead of an expected Federal Reserve interest-rate cut this week. The main debate is should the Fed go in with a 50-bps cut or stick to a 25-bps cut.
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DAX Dips On Weak Chinese Data
German stocks were moving lower on Monday as a slew of Chinese data disappointed and investors looked ahead to major central bank decisions this week for directional cues.
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Asian Shares Mixed On Disappointing China Data
Asian stocks ended mixed on Monday in thin holiday trade as a slew of Chinese data disappointed and caution prevailed ahead of the Fed, BoJ and BoE policy meetings this week, with central banks in Japan and the U.K. both expected to stand pat on rates.
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U.S. Dollar Slides Amid Fed Rate Cut Speculation
The U.S. dollar weakened against other major currencies in the Asian session on Monday amid growing expectations of interest rate cuts by the Federal Reserve and other central banks.
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