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Walmart Cuts Starting Pay For Some Entry-level Store Workers
Walmart has trimmed the starting pay for certain newly hired employees who prepare online orders and stock shelves, reports said. The move by the retail behemoth, amid rising labor costs, is said to be aimed at efforts to improve staffing. Starting wages were reduced in July for newly joining personal shoppers and stockers who help prepare orders for curbside pickup or delivery.
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DAX Slips After Inflation Data
German stocks traded lower on Friday after data showed inflation slowed marginally in August as estimated but the rate remained elevated due to the increases in energy and food prices.
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Asian Shares Slide On China Growth Concerns
Asian stocks fell on Friday amid lingering worries about tighter U.S. Federal Reserve policy and slowing global growth.
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Germany Inflation Eases To 6.1% As Estimated
Germany's inflation slowed marginally in August as estimated but the rate remained elevated due to the increases in energy and food prices, final data from Destatis revealed on Friday. Consumer price inflation slowed to 6.1 percent in August from 6.2 percent in July. The statistical office confirmed the provisional estimate published on August 30.
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Canadian Dollar Edges Up Against Most Majors
The Canadian dollar edged up against its most major counterparts in the pre-European session on Friday.
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NZ Dollar Advances Against Majors
The New Zealand dollar strengthened against other major currencies in the pre-European session on Friday.
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against the other major currencies in the pre-European session on Friday.
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European Economic News Preview: Germany Final Inflation Data Due
Final inflation from Germany and industrial production from France are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's final inflation data for August. The flash estimate showed that consumer price inflation slowed 6.1 percent from 6.2 percent in July.
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European Shares To Open On Firm Note Despite Growth Worries, Sino-US Tensions
European stocks look set to open on a steady note Friday despite weak cues from Wall Street and Asia.
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Whirlpool Recalls ADC Branded Stacked Commercial Clothes Dryers
Home appliances major Whirlpool Corp. is recalling stacked commercial clothes dryers sold under the ADC Brand citing fire risk, the U.S. Consumer Product Safety Commission said. The recall involves about 2,500 units of ADC brand 30 lb. capacity stacked commercial clothes dryers with model number ADG-30X2R or ADG-30X2Ri.
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Sensex, Nifty See Modest Gains In Cautious Trade
Indian shares were slightly higher on Friday despite weak cues from global markets.
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Asian Markets Mostly Lower
Asian stock markets are trading mostly lower on Friday, following the mixed cues from global markets overnight, as the latest batch of upbeat economic data from the U.S. renewed concerns about the outlook for interest rates. Data showing a lower than expected GDP growth in Japan also hurt investor sentiment. Asian markets ended mostly lower on Thursday.
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Sensex, Nifty Seen Tad Higher At Open
Trading in Singapore Nifty futures point to a positive open on Friday despite weak cues from global markets.
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