Tuesday, Oct 23 2018 | Time 07:28 Hrs(IST)
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  • Putin to meet with US national security advisor on Tuesday
  • Putin to meet with US national security advisor on Tuesday
  • US Treasury Secretary meets Saudi crown prince amid growing criticism over Khashoggi killing
  • US Treasury Secretary meets Saudi crown prince amid growing criticism over Khashoggi killing
  • Trump says migrant caravan moving towards US is National Emergency, alert military
  • Russia,US resolve disputes over INF Treaty: UN
  • Trump says migrant caravan moving towards US is National Emergency, alert military
  • US National Security Adviser Bolton arrives for talks with Russia
  • Russia,US resolve disputes over INF Treaty: UN
  • Biya wins seventh term as Cameroon's president
  • World Wrestling C'ship: Bajrang loses in finals to Takuto Otoguro; settles for silver
  • Five women rescued from bar in Thane
  • Mah govt stands with farmers: Minister
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Asian stocks slip as oil woes sap sentiment, euro stands tall

By Shinichi Saoshiro
TOKYO, Nov 15 (Reuters) Asian stocks slipped on Wednesday after weaker crude oil prices took a toll on Wall Street, while the euro kept big gains after enjoying a boost from robust German economic growth.
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.45 percent.
China's Shanghai index was down 0.7 percent, Australian stocks dropped 0.3 percent and South Korea's KOSPI shed 0.3 percent. Japan's Nikkei lost 0.9 percent.
"The decline by U.S. equities led by energy shares is having a knock-on effect, dampening sentiment in sectors related to energy and industry," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management in Tokyo.
"Broadly speaking equities had enjoyed an almost uninterrupted run for the past few months, so we are seeing a bit of a correction finally emerging."
All three major U.S. stock indexes dipped on Tuesday as an extended drop in crude oil prices hit energy shares and as General Electric plunged for a second straight day.
The euro stood little changed at $1.1794 after rising 1.1 percent overnight to a 2-1/2-week high of $1.1805 as data showed Germany's economy shifted into a higher gear in the third quarter.
Germany's seasonally adjusted gross domestic product (GDP) rose by 0.8 percent on the quarter, compared with a Reuters poll forecast of 0.6 percent.
Pressured by the euro's surge, the dollar index against a basket of six major currencies lost about 0.7 percent overnight. It last stood flat at 93.828..
The greenback was 0.25 percent lower at 113.180 yen after pulling back from a high of 113.910 the previous day.
The yen as well as Japan's equity and bond markets showed little reaction to Wednesday's GDP data. Japan's economy grew for the seventh straight quarter during the July-September period, although this was tempered somewhat as private consumption declined for the first time since the last quarter of 2015.
The immediate focus for the dollar, and a potential catalyst, was data on U.S. consumer prices due later in the global day.
Financial markets, which are betting the Federal Reserve will hike interest rates in December, will be looking for clues to gauge how many more rate increases could be in store next year.
In commodities, crude oil prices stretched losses, weighed by forecasts for rising U.S. crude output and a gloomier outlook for global demand growth in a report from the International Energy Agency (IEA).
U.S. crude futures were down 1.1 percent at $55.10 per barrel and on track for their fourth day of losses. Brent lost 1.2 percent to $61.48 per barrel.
With oil prices having slid steadily from 28-month highs scaled last week, commodity currencies came under pressure.
The Canadian dollar stood at C$1.2738 per dollar after weakening to a one-week low of C$1.2773 overnight.
The Australian dollar faced additional woes after Wednesday's data showed the country's wages did not rise as much as expected last quarter.
The Aussie fell more than 0.6 percent to a four-month trough of $0.7576.
REUTERS SV 1040
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US Treasury Secretary meets Saudi crown prince amid growing criticism over Khashoggi killing

23 Oct 2018 | 7:19 AM

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Trump says migrant caravan moving towards US is National Emergency, alert military

23 Oct 2018 | 7:00 AM

Washington, Oct 23 (UNI) Donald Trump has said that he has alerted the military and federal border authorities that a US-bound migrant caravan from Central America was a
“national emergency”, and warned that the United States would begin curtailing aid to the region.

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US National Security Adviser Bolton arrives for talks with Russia

23 Oct 2018 | 6:58 AM

Moscow, October 23 UNI US National Security Adviser John Bolton arrived on Monday night at the Russian Foreign Ministry in central Moscow for an official meeting with
Russian top diplomat Sergey Lavrov.

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Russia,US resolve disputes over INF Treaty: UN

23 Oct 2018 | 6:56 AM

UN, October 23 (UNI) United Nations Secretary General Antonio Guterres hopes that the United States and Russia will come to accords settling recently emerged disputes
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Syria never used chemical weapons despite terrorists' threats: Deputy FM

23 Oct 2018 | 1:51 AM

Damascus, Oct 23 (UNI ) Syrian Deputy Foreign Minister Faisal al-Mikdad says Damascus has never used chemical weapons in its war against foreign-backed terrorists and it will never use any such banned munitions in the future.

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