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  • Amazon has kicked off its Great Indian Festival sale this afternoon with special early access to its Prime subscribers. The Amazon sale will be open to everyone else at midnight. Select deals have gone live for Prime members, and we've picked out some of the best deals in smartwatches, smartphones, big-screen TVs and more. Most Amazon sale offers on mobile phones, of course, will become available on Thursday only. Apart from the flat discounts, you can also get an additional 10% cashback on HDFC Bank credit and debit card payments, subject to a maximum cashback of Rs. 4,500 per card on a minimum order of Rs. 5,000. The cashback will be credited to your account by 24 December 2017.You can also pay using your Amazon Pay Balance. Amazon is offering cashback on select large appliances up to Rs. 4,000 for Prime subscribers. If you buy an LED TV, refrigerator or a washing machine that includes the offer, you'll be eligible to receive up to Rs. 4,000 in cashback if you pay with you..

    Amazon Great Indian Festival Sale Live for Amazon Prime Members: The Best Deals on Offer

    Amazon has kicked off its Great Indian Festival sale this afternoon with special early access to its Prime subscribers. The Amazon sale will be open to everyone else at midnight. Select deals have gone live for Prime members, and we've picked out some of the best deals in smartwatches, smartphones, big-screen TVs and more. Most Amazon sale offers on mobile phones, of course, will become available on Thursday only. Apart from the flat discounts, you can also get an additional 10% cashback on HDFC Bank credit and debit card payments, subject to a maximum cashback of Rs. 4,500 per card on a minimum order of Rs. 5,000. The cashback will be credited to your account by 24 December 2017.You can also pay using your Amazon Pay Balance. Amazon is offering cashback on select large appliances up to Rs. 4,000 for Prime subscribers. If you buy an LED TV, refrigerator or a washing machine that includes the offer, you'll be eligible to receive up to Rs. 4,000 in cashback if you pay with you..
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  • Oil Edged Up after Iraq Hints Potential OPEC Deal Extension Oil prices climbed on Wednesday after Iraq's oil minister, Jabar al-Luaibi, said OPEC and other crude producers were mulling the extension or even deepening a production cut to rein in a global glut. Meanwhile, a report indicated a smaller-than-anticipated rise in U.S. stocks.U.S. WTI crude futures rallied 34 cents at $49.82 per barrel. In the previous day, the contract fell 43 cents to $49.48. Brent crude futures also rallied, rising by 24 cents at $55.38. The international benchmark fell by 34 cents at $55.14 per barrel in the prior session, close to a five-month peak of $55.99. OPEC and other producers are considering options, including an extension of production cuts by months, but it is too early to do on what actions to take beyond March, when the deal expires, al-Luaibi said during an energy conference in the UAE. The producer cartel, including Russia and other non-OPEC producers, have committed to a historical..

    Prime News: Oil Edged Up after Iraq Hints Potential OPEC Deal Extension

    Oil Edged Up after Iraq Hints Potential OPEC Deal Extension Oil prices climbed on Wednesday after Iraq's oil minister, Jabar al-Luaibi, said OPEC and other crude producers were mulling the extension or even deepening a production cut to rein in a global glut. Meanwhile, a report indicated a smaller-than-anticipated rise in U.S. stocks.U.S. WTI crude futures rallied 34 cents at $49.82 per barrel. In the previous day, the contract fell 43 cents to $49.48. Brent crude futures also rallied, rising by 24 cents at $55.38. The international benchmark fell by 34 cents at $55.14 per barrel in the prior session, close to a five-month peak of $55.99. OPEC and other producers are considering options, including an extension of production cuts by months, but it is too early to do on what actions to take beyond March, when the deal expires, al-Luaibi said during an energy conference in the UAE. The producer cartel, including Russia and other non-OPEC producers, have committed to a historical..
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  • Bain Chosen as Buyer of Toshiba’s Prized Chip Unit: Sources Toshiba Corp. selected a group led by Bain Capital as the buyer of its flash memory chip unit, according to sources. The decision was finalized by Toshiba's board and is slated to be announced later today, people privy to the matter said. The sale of one of the biggest producer of NAND semiconductors has been through a number of setbacks and developments, such as revised bids, changing alliances among bidders, and a legal dispute with joint venture partner Western Digital Corp- which still remains a threat that hangs over the sale. On Tuesday, sources cited by Reuters said that the company is leaning towards selling the unit to a consortium led by Western Digital. However, such deal did not fall through because one source said that Western Digital did not agree on limits to the U.S. company's future stake in the business that has been demanded by the Japanese company. Toshiba is rushing to complete the sale an..

    Prime News: Bain Chosen as Buyer of Toshiba’s Prized Chip Unit: Sources

    Bain Chosen as Buyer of Toshiba’s Prized Chip Unit: Sources Toshiba Corp. selected a group led by Bain Capital as the buyer of its flash memory chip unit, according to sources. The decision was finalized by Toshiba's board and is slated to be announced later today, people privy to the matter said. The sale of one of the biggest producer of NAND semiconductors has been through a number of setbacks and developments, such as revised bids, changing alliances among bidders, and a legal dispute with joint venture partner Western Digital Corp- which still remains a threat that hangs over the sale. On Tuesday, sources cited by Reuters said that the company is leaning towards selling the unit to a consortium led by Western Digital. However, such deal did not fall through because one source said that Western Digital did not agree on limits to the U.S. company's future stake in the business that has been demanded by the Japanese company. Toshiba is rushing to complete the sale an..
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  • U.S. Yields Rally as Investors Await Fed Meeting Yields on U.S. Treasury notes edged up on Tuesday as investors looked forward to a new wave of economic data and the main event of the week: the Federal Reserve policy meeting. The benchmark 10-year Treasury note yield, which moves opposite to its prices, rose to 2.241 percent, while the 30-year Treasury note yield also edged up to 2.811 percent. On Tuesday, the Federal Open Market Committee started its two-day policy meeting. The U.S. central bank is anticipated to forward its rate normalization cycle. The Fed is also expected to announce plans to begin unwinding its $4.5 trillion portfolio of Treasuries and mortgage-backed securities, majority of which it acquired in its push to stimulate growth that has been stagnated by the financial crisis. Policymakers have grown concerned regarding the effect of the low rate on stock markets while also dealing with weak inflation readings and slow wage growth. There are doubts that the FOMC..

    Prime News: U.S. Yields Rally as Investors Await Fed Meeting

    U.S. Yields Rally as Investors Await Fed Meeting Yields on U.S. Treasury notes edged up on Tuesday as investors looked forward to a new wave of economic data and the main event of the week: the Federal Reserve policy meeting. The benchmark 10-year Treasury note yield, which moves opposite to its prices, rose to 2.241 percent, while the 30-year Treasury note yield also edged up to 2.811 percent. On Tuesday, the Federal Open Market Committee started its two-day policy meeting. The U.S. central bank is anticipated to forward its rate normalization cycle. The Fed is also expected to announce plans to begin unwinding its $4.5 trillion portfolio of Treasuries and mortgage-backed securities, majority of which it acquired in its push to stimulate growth that has been stagnated by the financial crisis. Policymakers have grown concerned regarding the effect of the low rate on stock markets while also dealing with weak inflation readings and slow wage growth. There are doubts that the FOMC..
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  • Japan Exports Surge on Solid Global Demand Strong shipments of automobiles and electronics in the previous month bolstered Japan's exports at the fastest rate in almost four years, another indication that demand abroad is robust enough to prop up a sustainable economic growth. Exports surged at an annual rate of 18.1 percent in August, the fastest since November 2013 and easily beating the estimated 14.7 percent annual increase by Reuters analysts. It is also significantly higher than the prior month's 13.4 percent and marked a ninth consecutive month of expansion. By volume, Japan's exports increased 10.4 percent in August from the same period a year ago, after a 2.6 percent annual rise in July. A jump in exports of cars, automobile parts and semiconductor manufacturing equipment drove up the country's year-on-year shipments to the U.S. in August by 21.8 percent against the 11.5 percent annual increase in July. The healthy growth of export is seen to likel..

    Prime News: Japan Exports Surge on Solid Global Demand

    Japan Exports Surge on Solid Global Demand Strong shipments of automobiles and electronics in the previous month bolstered Japan's exports at the fastest rate in almost four years, another indication that demand abroad is robust enough to prop up a sustainable economic growth. Exports surged at an annual rate of 18.1 percent in August, the fastest since November 2013 and easily beating the estimated 14.7 percent annual increase by Reuters analysts. It is also significantly higher than the prior month's 13.4 percent and marked a ninth consecutive month of expansion. By volume, Japan's exports increased 10.4 percent in August from the same period a year ago, after a 2.6 percent annual rise in July. A jump in exports of cars, automobile parts and semiconductor manufacturing equipment drove up the country's year-on-year shipments to the U.S. in August by 21.8 percent against the 11.5 percent annual increase in July. The healthy growth of export is seen to likel..
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  • U.S. Housing Starts Stable, Permits Climb in August Stable figures of new-home construction in the U.S. last month, along with a surge in permits signify that the housing market was making headway ahead of a potentially temporary hit from Hurricanes Harvey and Irma, government data showed.Housing starts for residential homes declined 0.8 percent month-on-month to an annual rate of 1.18 million, beating estimates of 1.17 million. This followed the upwardly revised figure of 1.19 million pace in the previous month. Groundbreaking activity for single-family home rose by 1.6 percent to 851, 000, while multi-family housing starts declined 6.5 percent to 329, 000. Construction permits, an indicator of future construction, increased 5.7 percent to 1.3 million rate, surpassing estimates of 1.22 million and the highest since January from the 1.23 million pace. Groundbreaking activity in the U.S. may show swings in the coming months after Harvey's extensive impact to the southeast Texas ..

    Prime News: U.S. Housing Starts Stable, Permits Climb in August

    U.S. Housing Starts Stable, Permits Climb in August Stable figures of new-home construction in the U.S. last month, along with a surge in permits signify that the housing market was making headway ahead of a potentially temporary hit from Hurricanes Harvey and Irma, government data showed.Housing starts for residential homes declined 0.8 percent month-on-month to an annual rate of 1.18 million, beating estimates of 1.17 million. This followed the upwardly revised figure of 1.19 million pace in the previous month. Groundbreaking activity for single-family home rose by 1.6 percent to 851, 000, while multi-family housing starts declined 6.5 percent to 329, 000. Construction permits, an indicator of future construction, increased 5.7 percent to 1.3 million rate, surpassing estimates of 1.22 million and the highest since January from the 1.23 million pace. Groundbreaking activity in the U.S. may show swings in the coming months after Harvey's extensive impact to the southeast Texas ..
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  • Gold Prices Little Changed, Fed Conclusion Eyed Gold prices were steady on Wednesday, as investors turned their focus on the outcome of a two-day Federal Reserve meeting in the United States. Spot gold was little changed at $1,310.93 per ounce. U.S. gold futures for December delivery were 0.3 percent higher to $1,314.40 per ounce. The precious metal is off 3.6 percent from Sept. 8, when it notched a one-year peak of $1,357.54. On that day, the dollar hit its weakest level against a basket of currencies in over 2-½ years. According to analysts, concerns over North Korea might still lift the precious metal with safe-haven buying. SPDR Gold Trust, the world's biggest gold-backed exchange-traded fund, said its holdings climbed 0.25 percent to 846.03 tonnes on Tuesday from 843.96 tonnes. The dollar was steady against the yen and also versus a basket of currencies early on Wednesday. Asian shares were also mostly stable following Wall Street's record closing peaks. U.S. T..

    Prime News: Gold Prices Little Changed, Fed Conclusion Eyed

    Gold Prices Little Changed, Fed Conclusion Eyed Gold prices were steady on Wednesday, as investors turned their focus on the outcome of a two-day Federal Reserve meeting in the United States. Spot gold was little changed at $1,310.93 per ounce. U.S. gold futures for December delivery were 0.3 percent higher to $1,314.40 per ounce. The precious metal is off 3.6 percent from Sept. 8, when it notched a one-year peak of $1,357.54. On that day, the dollar hit its weakest level against a basket of currencies in over 2-½ years. According to analysts, concerns over North Korea might still lift the precious metal with safe-haven buying. SPDR Gold Trust, the world's biggest gold-backed exchange-traded fund, said its holdings climbed 0.25 percent to 846.03 tonnes on Tuesday from 843.96 tonnes. The dollar was steady against the yen and also versus a basket of currencies early on Wednesday. Asian shares were also mostly stable following Wall Street's record closing peaks. U.S. T..
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  • Wall Street Climbs as Fed Meeting Begins U.S. equities advanced on Tuesday as the Federal Reserve started its two-day monetary policy meeting. The three major indexes reported intraday highs on Monday. The Dow Jones industrial average marked its 41st record close of the year, climbing 0.18 percent to 22,370.80. Verizon and Goldman Sachs contributed the most to the gains.The S&P 500 added 0.1 percent to a record peak of 2,506.65, with telecommunications and financials leading gainers. The Nasdaq composite rose 0.1 percent and also reported a record close of 6,461.32.The Fed is not expected to hike rates following its meeting. However, several market participants believe the central bank will announce the tapering of its $4.5 trillion portfolio. The healthcare index was one of the biggest decliners amid losses in insurers like United Health, which dropped 1.9 percent as a result of recent efforts in Washington to overhaul Obamacare. The largest U.S. telephone operators, Verizon and..

    Prime News: Wall Street Climbs as Fed Meeting Begins

    Wall Street Climbs as Fed Meeting Begins U.S. equities advanced on Tuesday as the Federal Reserve started its two-day monetary policy meeting. The three major indexes reported intraday highs on Monday. The Dow Jones industrial average marked its 41st record close of the year, climbing 0.18 percent to 22,370.80. Verizon and Goldman Sachs contributed the most to the gains.The S&P 500 added 0.1 percent to a record peak of 2,506.65, with telecommunications and financials leading gainers. The Nasdaq composite rose 0.1 percent and also reported a record close of 6,461.32.The Fed is not expected to hike rates following its meeting. However, several market participants believe the central bank will announce the tapering of its $4.5 trillion portfolio. The healthcare index was one of the biggest decliners amid losses in insurers like United Health, which dropped 1.9 percent as a result of recent efforts in Washington to overhaul Obamacare. The largest U.S. telephone operators, Verizon and..
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  • European Stocks Mixed as Fed Decision Eyed European finished mixed on Tuesday as investors await the decision from the two-day Federal Reserve policy meeting. The pan-European Stoxx 600 was flat, with most sectors lower and major bourses pointing in opposite territories. Telecom stocks climbed as much as 0.9 percent to their highest level in almost four weeks after CNBC reported that U.S. wireless carriers T-Mobile US Inc and Sprint Corp were in active merger negotiations. Deutsche Telekom, which controls T-Mobile US, was the largest advancer, higher by over three percent. Other stocks in the sector were also lifted by the report. European telecom stocks have underperformed the wider market in the past two years. Valuations and earnings potential have began to spur investors' interest. The food and beverage sector fell almost 0.7 percent after a Mexican bottler and retailer said it had sold a stake in the world's second-biggest brewer. Fomento Economico Mexicano (Femsa..

    Prime News: European Stocks Mixed as Fed Decision Eyed

    European Stocks Mixed as Fed Decision Eyed European finished mixed on Tuesday as investors await the decision from the two-day Federal Reserve policy meeting. The pan-European Stoxx 600 was flat, with most sectors lower and major bourses pointing in opposite territories. Telecom stocks climbed as much as 0.9 percent to their highest level in almost four weeks after CNBC reported that U.S. wireless carriers T-Mobile US Inc and Sprint Corp were in active merger negotiations. Deutsche Telekom, which controls T-Mobile US, was the largest advancer, higher by over three percent. Other stocks in the sector were also lifted by the report. European telecom stocks have underperformed the wider market in the past two years. Valuations and earnings potential have began to spur investors' interest. The food and beverage sector fell almost 0.7 percent after a Mexican bottler and retailer said it had sold a stake in the world's second-biggest brewer. Fomento Economico Mexicano (Femsa..
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  • The annual rate of inflation in the eurozone was confirmed at 1.5 percent by Eurostat. However, the European Central Bank cautions everyone not to get used to the pace of price increases. According to the ECB, its staff sees the headline inflation rate to retreat to a low of 0.9 percent in the first quarter of 2018. Eurozone headline inflation notched its highest level in four months, official data revealed, confirming the European Union statistics office's flash estimate. Eurostat said consumer prices in the 19 countries sharing the euro increased in August by 1.5 percent year-on-year and by 0.3 percent on the month. Inflation continues to be below the ECB's target of almost two percent, but accelerated from 1.3 percent in July. Energy prices rose 4.0 percent on the year and 0.7 percent month-on-month, the highest growth among the components of the indicator. Prices in the services sector, the biggest in the eurozone economy, increased 1.6 percent in August on the yea..

    Prime News: Eurozone Inflation Confirmed at 1.5% in August

    The annual rate of inflation in the eurozone was confirmed at 1.5 percent by Eurostat. However, the European Central Bank cautions everyone not to get used to the pace of price increases. According to the ECB, its staff sees the headline inflation rate to retreat to a low of 0.9 percent in the first quarter of 2018. Eurozone headline inflation notched its highest level in four months, official data revealed, confirming the European Union statistics office's flash estimate. Eurostat said consumer prices in the 19 countries sharing the euro increased in August by 1.5 percent year-on-year and by 0.3 percent on the month. Inflation continues to be below the ECB's target of almost two percent, but accelerated from 1.3 percent in July. Energy prices rose 4.0 percent on the year and 0.7 percent month-on-month, the highest growth among the components of the indicator. Prices in the services sector, the biggest in the eurozone economy, increased 1.6 percent in August on the yea..
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