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U.S. markets news

A 2nd Fed Governor Opposes Raising Rates This Year, Breaking With Yellen
WASHINGTON - Daniel K. Tarullo, a member of the Federal Reserve's Board of Governors, said on Tuesday he did not “expect that it would be appropriate” for the Fed to start raising its benchmark rate this year, breaking with the stated position of the ...
PRECIOUS-Gold near 3-month high on hopes of delay in Fed rate hike  Reuters
Key Excerpts: Fed Governor Daniel Tarullo on the Economy, Inflation ...  Wall Street Journal
Financial Times  
Singapore Eases Monetary Policy as Growth Sputters
SINGAPORE—Singapore became the latest Asian nation to take policy action to support its sputtering economy as China's slowdown casts an increasingly large shadow on growth prospects in the region.
Yen, Euro Extend Winning Second-Half Ways as China Angst Lingers  Bloomberg
EconomySingapore central bank slows currency appreciation  Financial Times
AB InBev Wins Over SABMiller With Proposal of $104.2 Billion
Anheuser-Busch InBev NV finally won over SABMiller SBMRY 5.59 % PLC's board with a $104.2 billion takeover bid to create a brewer that would dominate much of the world's beer market, but only after weeks of behind-the-scenes talks that erupted into a ...
AB InBev agrees to buy SABMiller: Inside the Bud-Miller superbrewery  CNN
Deal reached in principle to create company controlling a third of global ...  Montreal Gazette
Twitter just laid off 336 workers
Jack Dorsey's new tenure as Twitter's CEO is off to quite a start: the company's cutting almost a tenth of its workforce.
Twitter employee Bart Teeuwisse tweets about how he lost his job  Sydney Morning Herald
Unpacking the Twitter layoffs: It's all about who's calling the shots  VentureBeat
London Briefing: Barclays set to turn clock back in top post
When Bob Diamond resigned from Barclays in the wake of the Libor-rigging scandal three years ago, a deep gloom descended over the group's investment banking arm, as traders mourned the loss of their brash risk-taker in chief.
Barclays goes back to the future as it hires... another US banker educated ...  The Independent
New Barclays CEO faces early challenge to fix wealth arm  Reuters
China September inflation cooler than expected, producer prices extend slump
BEIJING Consumer inflation in China cooled more than expected in September while producer prices extended their slide to a 43rd straight month, adding to concerns about deflationary pressures in the world's second-largest economy.
China September consumer inflation cooler than expected, producer prices ...  Reuters Canada
China inflation rate slows to 1.6%  The Australian
With PC sales slumping, Intel's betting on the cloud
More cloud computing companies buying data center gear is helping the chipmaker survive the markets. Intel executives don't foresee the slumping personal computer market recovering anytime soon or a rebound in selling the chips that power them.
Chip-making giant Intel reports 6% fall in net income  BBC News
A darker cloud: Intel data center growth slows  MarketWatch
Odds narrow on Australia rate cut after mortgage surprise
SYDNEY Oct 14 Odds on a cut in Australian interest rates narrowed on Wednesday when the country's second-largest lender sprang a surprise rise in mortgage rates, threatening to dampen home prices and consumer sentiment in an already fragile economy ...
Westpac to raise home loan rates by 20 basis points  The Australian
Westpac to raise $A3.5 billion in discounted rights offer  The National Business Review
TCS posts 3% sequential growth in second-quarter; pace slowest in 7 years
MUMBAI: Tata Consultancy Services' second-quarter revenue missed analysts' expectations and fell short of the high-bar set by rival Infosys, as growth slows at India's largest IT services company.
Tata Consultancy Services: Still The Best-In-Class? Another Quarterly Miss  Barron's (blog)
TCS meets expectations  The Hindu
Oil Prices Slide on Oversupply Concerns; China Imports Rise
[Dow Jones] Crude oil prices surrender earlier gains as refreshed concerns on oversupply keep traders at bay. The International Energy Agency, which represents some of the world's largest oil consumers, reported Tuesday oil demand will slow in 2016.
NYMEX-US crude steadies after fall on fresh oversupply worries  Reuters
Oil extends fall on renewed worries over supply surplus  Reuters Canada