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Trudeau Calls On Trump to Remove Tariffs at USMCA Signing Ceremony

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Trump had commented how the USA did not like Canada's negotiation style. Separately, a smaller group of Republican senators even tried to convince the White House to hit the gas pedal on ratification efforts, fearful that the new influx of Democrats in the new year will make congressional approval of the deal "significantly more hard". Read More »

France's Macron will meet Saudi crown prince at G-20 summit

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The G-20 summit is set to begin on Friday, bringing together several world leaders, including US President Donald Trump, Russian President Vladimir Putin and others. US Secretary of State Mike Pompeo and Secretary of Defense Jim Mattis said on Wednesday there was no hard evidence that bin Salman was behind the killing, apparently contradicting an assessment by the Central Intelligence Agency about Khashoggi's death in the Saudi consulate in Istanbul, Turkey, on October 2. Read More »

Fed officials express caution about pace of future hikes

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Observers said the remarks provided some much-needed cheer ahead of the festive period. The Fed said that nearly all of its policymakers agreed that "a gradual approach to policy normalization remained appropriate" in its newly released minutes of the Federal Open Market Committee (FOMC) meeting which was held from November 7 to November 8. Read More »

7.1% GDP growth in Q2 'disappointing': Subhash Chandra Garg

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New Delhi :India's GDP growth rate moderated to 7.1% in the September quarter (Q2) of 2018-19, from 8.2% in the June quarter (Q1), data released by the Central Statistics Office showed. However, the manufacturing activities expanded at the rate of 7.4 per cent in the quarter under review up from 7.1 per cent in the year ago quarter. Read More »

Federal Reserve Chairman's Magic Words Spur Stock Market Surge

Jerome Powell said that the central bank's base interest rate was "just below" estimates of a "neutral" level - one that would neither stimulate nor cool the economy - and that officials were flexible about where it should be, despite forecasting several increases in the coming year. Read More »

Trudeau, Trump and Pena Nieto set to sign USMCA

For starters, US -imposed tariffs on steel and aluminum exports remain in place against both Canada and Mexico , as do a raft of countermeasures. While Trump did not mention General Motors' announcement on Tuesday that it would lay off 15 percent of its workers and close five plants in the USA and Canada, Trudeau did, calling it a "heavy blow ". Read More »

The big squeeze: Tri-Cities rental vacancy rate tightens, rents soar

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The report says Duncan's vacancy rate dropped from 2.6 per cent in October past year to 0.5 per cent, while the overall rent increase is up 4.1 per cent to $814 per month. "It used to be where we would sit on a unit for one to two months, where now, they're renting within one to two weeks", said Paul Rouillard, licensed realtor at Rent4All, a property management company. Read More »

What Next For Crude Oil Ahead of OPEC Meeting?

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But in hard economic terms Saudi Arabia could bear even lower prices, and that would keep its key ally - President Donald Trump - happy at a time when the kingdom really needs its friends . As the price of oil decline sharply over the last two months, triggering one of the sharpest sentiment reversals since the "Great Recession" of 2008-09, the Organization of Petroleum Exporting Countries (OPEC) are once again discussing joint production cuts. Read More »

Canada on track to sign new NAFTA Friday: Freeland

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And the legislative bodies in each nation will have to ratify the treat. The Canadian Conservatives have accused Trudeau of making too many concessions to Trump, who had threatened to "ruin" the Canadian economy unless he got his way. A new Mexican president takes over on Saturday, who might not honour the tentative deal struck by his predecessor. The USMCA (read the whole text here ) replaces the North American Free Trade Agreement, which had created a free trade zone between the three ... Read More »

Trump believes 'good possibility' of China trade deal: advisor

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Trump's escalation of trade tensions with China also delivers on one of his campaign promises that continues to play well with his base. What is likely to come out of the meeting? The Trump administration argues that China is engaging in unfair trade practices, including intellectual property theft and forced technology transfers. Read More »

Oil prices reverse course as Russian Federation leans toward output cut

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Oil has remained in an oversold territory this month, and seesawed near the $50 threshold this week - a key budgetary marker for shale drillers. "Putin's comments raised speculation that Russian Federation may not join its fellow producers in curbing production", Sungchil Will Yun, Seoul-based commodity analyst at HI Investment & Futures, said by phone. Read More »

Auto tariffs being considered after GM layoff plans

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Trump raised the heat on Tuesday, taking a shot at GM's push into overseas markets, especially China , where it now sells more vehicles than in the US. The stakes for Trump with mass GM layoffs are especially high given the United States president's vows to revive smaller cities and towns throughout the rust belt that have suffered job losses that Trump blames on bad trade agreements negotiated by his predecessor. Read More »

G-20 talks on communique 'very difficult'

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This year's G20 gathering is expected to be one of the most consequential summits since the group's leaders first met in 2008 to plan how to contain the economic crisis. China had already hit the USA with $3bn of tariffs in April, in response to U.S. tariffs on global steel and aluminium imports. Trump on Thursday abruptly canceled their planned bilateral talks , citing Russia's seizure of Ukrainian vessels. Read More »

Former employee says Facebook failing black people

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Archibong, via Twitter , appears to confirm this in a response to Luckie's Twitter post. Frustrated, Luckie went public. Several black staffers responded to the post after Luckie shared it internally, one of them writing: 'It was tough reading this post, agreeing and nodding my head'. Read More »

Microsoft becomes world's most valuable company after Apple rout

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Apple was even lauded for being the first US company to have a $1 trillion valuation just this past August. It generated a capital of about 753.3 billion U.S. Microsoft's cloud-computing unit Azure has grown at a blistering pace; it's up 76 percent annually and remains the biggest competitor to Amazon.com, Inc. Read More »

German police raid Deutsche Bank in money laundering probe

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The Panama Papers refer to a collection of documents leaked in 2016 from Mossack Fonseca , a Panama-based law firm that created shell companies to facilitate tax avoidance. Prosecutors have reportedly said roughly 311 million euros ($354 million) is believed to have been laundered, citing information from the so-called Panama Papers . Read More »

Nasdaq Still Plans Bitcoin Futures Launch in 2019

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Bakkt , a cryptocurrency exchange built by ICE, the parent company of the New York Stock Exchange, is expected to launch its Bitcoin futures market on January 24. Despite the bearish market winter, Nasdaq has stayed by its plans to open up the futures market with the expectation that interest in Bitcoin will only continue to rise. Read More »

Premier Promises To Support Workers After GM Plant Closure

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However, there are some legitimate concerns about what kind of ripple effect the Oshawa closure will have on the industry. Trudeau is scheduled to meet with executives from GM rival Ford on Parliament Hill Monday afternoon. "I think GM is just trying to sort of get ahead of what it sees as an inevitable downturn". Production began on November 7, 1953, and in the 1980s the plant employed roughly 23,000 people. Read More »

Bitcoin Dips Below $5,000 For The First Time In 13 Months

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Analysts attributed Monday's sell-off in Bitcoin to deterioration in market perception after it fell below $6,000 last week . The free fall in crypto prices is pretty steep at the moment. Since Monday, Nov. 19, XRP has lost less than 5%. XRP is now trading for $0,45. While the crypto market seems to be experiencing a downward trend, with every single coin facing double-digit losses, Ripple (XRP ) stands out with minimal losses. Read More »

Binance Renames USDT Market to Combined Stablecoin Market (USDⓈ)

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Originally founded in 2014, Tether has seen wide adoption compared to other prominent cryptocurrencies as a popular trading hedge on the industry's myriad exchanges. According to the exchange, this move is to support more trading pairs with different stablecoins offered as a base. One can argue that the turbulent crypto markets presented a need for stablecoins and hence the increase of such options for traders. Read More »

Oil markets remain uneasy, WTI slipping to $51.00 again

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Analysts said continuous off-loading of holdings by participants in line with a weakening trend in global crude mainly weighed on crude prices at futures trade here. The Bloomberg Dollar Spot Index gained as much as 0.3 percent on Tuesday, weighing on investors' appetite for commodities priced in the greenback. The American Petroleum Institute will release figures on inventories Tuesday afternoon, while the Energy Information Agency will issue its weekly report on Wednesday after 10:30 ... Read More »

Stock market jumps 600 points on fed announcement

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Stocks surged following Federal Reserve chair Jerome Powell's comments at the Economic Club of NY during which he addressed risk factors to the health of the economy, softened his tone on monetary policy, and offered a fairly reassuring check-up on the economy on the heels of sharp disapproval from President Trump. Read More »

Morgan Stanley, (NYSE: MS)

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Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Similarly, Morgan Stanley (NYSE:MS) experienced a 100-day Percent movement of -8.38% with a trading volume reaching 10,220,463. Read More »

Postal workers occupy London facilities

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In the meantime, Labour Minister Patti Hajdu said Monday that a special mediator the government appointed to try to bridge the gap between Canada Post and the Canadian Union of Postal Workers has concluded his work and the two sides are no longer negotiating. Read More »

Donald Trump warns China he won't back down on trade tariffs

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On the sidelines of the summit, Erdoğan is also expected to hold bilateral meetings with other leaders and representatives of global organizations. On Tuesday, Trump's economic advisor said there was a "good possibility" for a deal. "We want a world ideally of zero tariffs, zero non-tariff barriers and zero subsidies", he said. Asked whether he would delay the hike if Xi asked, Trump told The Wall Street Journal on November 26 that it "would be highly unlikely". Read More »

One in four pubs in United Kingdom have closed since financial crisis

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Commuter towns have suffered the most pub losses, with Barking & Dagenham, Newham and Luton having fewer than half the pubs they did in 2001. The ONS research also highlighted a shift from small pubs to larger bars across businesses of all sizes, from independent locals, to regional pub chains, to nationwide pubcos. Read More »

Uber just got fined nearly $1.2 million for data breach cover-up

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Rather than admitting the hack affecting tens of millions of passengers customers, Uber's co-founder and former CEO Travis Kalanick decided it would be better to keep schtum and not go public with the mess. The data had been stolen thanks to "avoidable data security flaws", said the Information Commissioner's Office . That left them vulnerable. The breach took place before the introduction of the EU's General Data Protection Regulation (GDPR) earlier this year, which allows the ICO to hand ... Read More »

A look inside General Motors headquarters and assembly plants

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GM told the remaining workers at its sprawling plant in Lordstown on Monday that it is going to shut down all USA production of the Chevy Cruze in March 2019. GM's decision to halt production at factories in the U.S. and Canada has angered many politicians. These are the six cars that GM's range is dropping due to poor - and worsening - sales. Read More »

Trump talks tough to China before G20 meeting

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Trump , who is due to meet Xi on the sidelines of a G20 summit in Buenos Aires this week, said that if negotiations were unsuccessful, he would also put tariffs on the rest of Chinese imports. Investors would be looking for clues on the path of future interest rate hikes with Federal Reserve Vice Chairman Richard Clarida addressing an event in NY on Tuesday and Fed Chairman Jerome Powell set to speak on Wednesday. Read More »

Microsoft's stock market value catches up with Apple

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Apple's market cap ultimately regained its No. 1 rank, closing at $828.64 billion as of 4:05 p.m.in NY, while Microsoft's stood at $822.90 billion after the two spent much of Monday afternoon jockeying for the top seat. Apple and Microsoft have one of the most storied rivalries in Silicon Valley, one that goes back to the mid-1970s, when both were founded within a year of each other and focused on making breakthroughs in developing personal computers. Read More »

Malfunctioning ATM spits out $100 bills instead of $10 bills in Texas

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Bank of America told ABC News a vendor did not load the bills correctly into the machine. A sheet of rare and sought after star notes is seen after the phase of production where the new 100 United States dollars bills are applied with a serial number, a US Federal Reserve seal, are cut and stacked at the US Bureau of Engraving and Printing's Western Currency Facility October 11, 2013 in Fort Worth, Texas . Read More »

Trump Tough on General Motors For 14,000 Layoffs Announced

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The company said it will also close two unidentified factories outside North America. But that's today's auto industry, in which GM's record sales and profits mean zilch to investors who prefer their shares in vehicle companies-oops, " mobility providers "- to pop like champagne corks, and to hell with the pesky bubbles. Read More »

Logitech may be close to buying Plantronics for over $2 billion

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Reports indicate Swiss accessory manufacturer Logitech is looking to purchase Plantronics. In response to media reports and in accordance with Swiss disclosure requirements, Logitech today confirmed it was engaged in discussions with Plantronics regarding a potential transaction. Read More »