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Last month Beijing and Washington signed a limited deal to open new markets for each other's exports, and a long-standing friend of the Chinese leadership, Iowa Governor Terry Branstad , was confirmed as ambassador. Wambier's parents did not cite a specific cause of death, but cited "awful, torturous mistreatment" by North Korea. His comments followed the death on Monday of Otto Warmbier, 22, who was returned to USA custody in a coma after almost 18 months of imprisonment by North Korea on a ...
  • Oil Drops on US Gasoline Supply Gain, Nigeria Output Recovery

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    Brent is 7% below its open on May 25, when OPEC said they, along with producers outside of the group such as Russian Federation, would extend their oil output cuts through to the first quarter of 2018. With a production capacity of about 600,000 barrels per day (bpd), Qatar's crude oil output is one of OPEC's smallest. The contract fell 26 cents to $47.40 on Monday, the lowest close since May 10.
  • Oil price extends drop to 7 month lows, despite OPEC cuts

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    Hedge fund managers have become very bearish about the outlook for oil prices as production from countries outside OPEC grows and threatens to undermine the effectiveness of OPEC's output controls. Growth in production in the USA and Libya, as well as a high level of oil reserves, undermines the forecasts that an oil production reduction will raise prices for "black gold".
  • Here's what's in that secret GOP healthcare bill

    Here's what's in that secret GOP healthcare bill

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    Republican Senator Ron Johnson of Wisconsin said he wanted to read the bill and discuss it with constituents before he votes. The provision has encountered outspoken opposition from officials in states like OR, where most health plans on the public insurance exchange cover abortion.
  • Amazon Buys Whole Foods

    Amazon Buys Whole Foods

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    Amazon is buying Whole Foods in a stunning move that gives it hundreds of stores across the USA - a brand-new laboratory for radical retail experiments that could revolutionize the way people buy groceries. Wholesaler Costco lost $5.2 billion, while discount store Target said sayonara to $3.5 billion. Amazon , meanwhile, has been expanding its reach in goods, services, entertainment - and groceries.
  • Senate GOP health bill would reshape Obama law

    Senate GOP health bill would reshape Obama law

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    They plan on using a legislative tactic to force Republicans to require 60 votes for passage. Senate Majority Leader Mitch McConnell will have none of it. Moderate Sen. Lisa Murkowski, R-Alaska, said she didn't know how she'd vote, adding: "What is the deal we have?" The Senate would end the tax penalties Obama's law created for people not buying insurance and larger employers not offering coverage to workers.
  • US shifts tone in Qatar crisis, seeks Saudi answers

    US shifts tone in Qatar crisis, seeks Saudi answers

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    So we had a decision to make. "Qatar under blockade-there is no negotiation". "We noticed specific institutions in those three countries trying to dump shares", said Rashid Ali al-Mansoori told Reuters . "This state is weaponizing jihadists and Islamists, it is using this as a weapon of influence", he added. "Why they didn't submit their demands yet? Don't push us into your fight", he said.
  • SK hynix consortium is top bidder for Toshiba unit

    SK hynix consortium is top bidder for Toshiba unit

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    Toshiba has been navigating rough financial waters lately, but the Japanese company may have found an answer to one of its problems. All other members of the consortium as well as Toshiba declined to comment on the details of the deal. This news release contains certain forward-looking statements, including statements concerning the Flash JVs, SanDisk's rights under the JV agreements and Western Digital's or SanDisk's actions in response to Toshiba's announcement that it has declared ...
  • Ken Gets Makeover: Cornrows, Beefy Bod and New Skin Tones

    Ken Gets Makeover: Cornrows, Beefy Bod and New Skin Tones

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    Mattel is trying to fight falling sales of its iconic doll line at a time when many kids would rather play with an iPad. Ken's change of wardrobe forms part of the brand's bid to modernise and spread global appeal. In addition to the buzzy new Ken dolls, the company also ushered in 25 additional female dolls - each of which fall under one of the aforementioned body types.
  • Trump unveils new restrictions on travel, business with Cuba

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    However, the government also made it clear that it is willing to continue "respectful dialogue" and cooperation with Washington on issues of mutual interest. But other advisers have contended that it is important to make good on a campaign promise to Cuban-Americans. The Cuban ambassador to the United States trolled President Donald Trump Friday after Trump's announcement of rollbacks on Obama-era policies .
  • Palestinians Lowball Expectations Ahead of Trump Peace Push

    Palestinians Lowball Expectations Ahead of Trump Peace Push

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    By highlighting the earth-moving work - no date has been announced for actual housing construction - Netanyahu appeared to suggest he believed he had little to fear from U.S. Israeli Prime Minister Benjamin Netanyahu opposes a return to anything close to Israel's pre-1967 lines, and Israel has settled over 600,000 of its citizens in the West Bank and east Jerusalem to complicate any partition of the land.
  • Britain, EU begin formal Brexit talks

    Britain, EU begin formal Brexit talks

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    Manfred Weber, leader of the European People's Party Group in the European Parliament, insisted that Britain's decision to leave the bloc was a mistake. Representatives for the United Kingdom (U.K.) and the European Union (EU) kicked off Brexit negotiations in Brussels on June 19, nearly 12 weeks after Britain's prime minister triggered the mechanism that would let it depart from the EU.
  • USA dollar closes higher on Taipei forex

    USA dollar closes higher on Taipei forex

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    The New Zealand dollar recovered some overnight losses after New York Federal Reserve President William Dudley signalled a willingness to gradually increase United States interest rates to support economic growth but the local currency remained range-bound ahead of the overnight dairy auction and the upcoming central bank rate decision and statement Thursday.
  • BOND REPORT: Treasury Yields Travel Higher Ahead Of Key Housing Number

    BOND REPORT: Treasury Yields Travel Higher Ahead Of Key Housing Number

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    With little economic data due out on Monday, market-watchers will be on the lookout for any key statements made by two Fed presidents, just days after the central bank chose to raise rates for the second time this year. But the Scandinavian bank also considered the out-of-consensus view that balance sheet reduction by the Fed could actually result in higher prices and lower yields for US Treasuries and a flattening of the yield curve.
  • Jeff Immelt stepping down as CEO of GE

    Jeff Immelt stepping down as CEO of GE

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    Flannery, 55, tweeted that it was an honor to take over as head of General Electric . Now, with the planned departure of GE's longtime chief executive officer, Jeff Immelt , the chance of a public clash soon is greatly diminished. Mr Immelt has been with the business for 35 years and took over its running from Jack Welch in 2001. During his tenure, Mr Immelt oversaw the restructuring of the company's GE Capital unit and steered the group as it shifted its focus from finance to ...
  • Royal Family enjoy the sun on day one at Ascot

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    A shorter version of the dress she's wearing is now available, but here we also show you how to get her look for less. The Godolphin team has endured a tumultuous few weeks following reports of unrest and the resignation of chief executive John Ferguson.
  • US Fed raises key interest rates anew

    US Fed raises key interest rates anew

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    Many U.S. stocks will be vulnerable to an ongoing tightening in financial conditions especially those with overstretched valuations. The Fed's preferred measure of underlying inflation has retreated to 1.5 percent, from 1.8 percent earlier this year, and has run below the central bank's 2 percent target for more than five years.
  • Oil prices hit 7-month lows on oversupply

    Oil prices hit 7-month lows on oversupply

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    The U.S. crude futures contract for July, due to expire later on Tuesday, settled down 97 cents at $43.23, the lowest since September 16. Oil slid 2 percent on Tuesday on reports that global supply is increasing despite OPEC's best efforts to curb production.
  • Here's What The Queen Laid Out In Her Speech To Parliament

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    Her attempt to secure a larger mandate ahead of the Brexit negotiations backfired with her losing a commanding majority. The speech is usually given annually at the start of every Parliamentary year to outline the policies that ministers hope to work on and laws that need to be approved.
  • Alibaba's Jack Ma courts USA firms

    Alibaba's Jack Ma courts USA firms

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    Executives at a sourcing conference organised by the American Apparel and Footwear Association (AAFA) earlier this month were told that Alibaba , not Amazon , is the company the clothing industry should be most anxious about. " Alibaba as a platform is ideal for job creation in the United States", said Brian Gao, president of the DCBA. But it seems the only thing bigger than the retailer's size is its aspirations.
  • The Supreme Court rejects rule banning offensive trademarks

    The Supreme Court rejects rule banning offensive trademarks

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    In his opinion on the case , Justice Samuel A. Alito Jr. referenced an amicus brief the Redskins filed previous year in support of the Slants . Importantly, nothing stopped Tam from exclusively using The Slants for the name of his band and from stopping others from using The Slants, should he choose to do so, by asserting a claim for unfair competition or false designation of origin under 15 U.S.C.
  • US Senate Republicans to Unveil New Healthcare Bill

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    Republican leaders will need the support of at least 50 of the chamber's 52 Republicans to ensure passage of the bill this time. Ted Cruz told The Post the Texas Republican is also unaware of what is in the bill, despite belonging to the working group.
  • AB de Villiers to lead South Africa in T20I series against England

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    Whichever team triumphs in the Welsh capital will join title-holders India as one of the two Group B qualifiers for the semi-finals of a tournament featuring the world's top eight one-day global teams. And so it was that, once again, captain de Villiers had to explain another failure in a global event. Also , Bhuvneshwar Kumar and Bumrah bowled 5 overs each early on and after 10 overs, the South African score read 35/0.
  • BJP Chief Amit Shah meets Uddhav Thackeray

    BJP Chief Amit Shah meets Uddhav Thackeray

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    When asked what made him agree to back Kovind, the Sena chief said, "We have studied his personality and found him to be a very simple and a decent human being". Voting for the presidential election is scheduled on July 17, while the counting will take place on July 20, four days before President Pranab Mukherjee's term ends.
  • Saudi King ousts nephew, names son as his successor

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    The UAE leadership and heads of countries across the region on Wednesday welcomed the appointment of Prince Mohammed bin Salman as the new crown prince of Saudi Arabia . " Prince Mohammed bin Salman is its architect", said Mr John Sfakianakis, director of the Gulf Research Centre. If Prince Mohammad becomes king in his 30s, he would be the youngest monarch of the modern Saudi state.
  • Retail Giant Amazon Plans to Buy Whole Foods for $13.7 Billion

    Retail Giant Amazon Plans to Buy Whole Foods for $13.7 Billion

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    He also added that Amazon is "not stupid enough" to mess with Whole Foods' high food-quality standards, but did hint at the possibility that "over time, there could be other formats that evolve that ... Amazon.com, Inc. ( NASDAQ: AMZN ) isn't the biggest retailer, Wal-Mart Stores Inc ( NYSE: WMT ) is. Photo by David Ryder / Stringer / Getty Images.
  • Cindy brings tornado threat to Gulf Coast

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    The boy was taken inside the condo. Officials with Galveston County say they are fully staffing their Emergency Operations Center and calling in community emergency response team (CERT) volunteers. The storm formed Tuesday and was expected to make landfall some time late Wednesday or early Thursday. John Rickmon, a real estate broker in Pensacola, Florida, said he has been touring properties in the Panhandle area to see if they've been affected by rains from the tropical storm in the Gulf.
  • Trump Describes His Health Care Bill As

    Trump Describes His Health Care Bill As "Mean"

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    The GOP is closing in on a deal for a bill to repeal and replace the Affordable Care Act , the law colloquially known as Obamacare , outside of the public eye. "So I will just say that is disconcerting". Trump's labeling of the House bill as " mean " was a significant shift of tone that followed months of private and public negotiations, during which he called the bill "great" and urged GOP lawmakers to vote for it.
  • Manchin: Republican Healthcare Bill 'Devastating' for W.Va.

    Manchin: Republican Healthcare Bill 'Devastating' for W.Va.

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    EDT (1330 GMT) and posted online, Senators John Barrasso of Wyoming and Bob Corker of Tennessee told reporters in the Capitol on Wednesday. Sen. Democratic Sens. Corey Booker, Chris Murphy, and Brian Schatz hosted a three-part Facebook Live "field trip" to the Congressional Budget Office . Brian Schatz, D-Hawaii, and Sen.
  • Price Said He Hasn't Seen Senate GOP's Health Bill

    Price Said He Hasn't Seen Senate GOP's Health Bill

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    Doing both could give the AHCA, or a completely rewritten health bill in the Senate, the desired momentum needed to get 50 or 51 votes. Ron Johnson of Wisconsin as saying , "I come from a manufacturing background". Conservatives also don't want the process rushed. She pulled few punches, also writing that the Senate is plotting "a secretive path toward Obamacare repeal - and top White House officials (including the president) consistently lie about what the House bill actually does".
  • Trump takes jab at Democrats after special election loss

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    Trump also gloated about the win. Handel defeated Democrat Jon Ossoff by more than four percentage points and Ossoff failed to reach the 48% mark that he topped in the initial round of voting. A third of Americans say his approach to the issue has made their opinion of him worse, and his handling of that matter gets lower marks than any of his others, like the economy or terrorism, for which he rates higher.
  • Earnings Analysis & Update for Realty Income Corporation (NYSE:O)?

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    Going toward to the 50-day, we can see that shares are now trading 2.96% off of that figure. Over the short term, some market observers may have noticed that Realty Income Corporation has a 6.94% short float with 15 days to cover. Therefore 50% are positive. The firm has "Underperform" rating by Credit Suisse given on Friday, July 31. Jefferies upgraded CoreSite Realty Corp (NYSE:COR) on Tuesday, August 25 to " Hold " rating.
  • Epicharis fails exam, scratched from Belmont Stakes

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    Per AP, Epicharis will sit out after treatment for "lameness in his right front hoof" failed to meet sufficient standards three days after a veterinarian treated the colt. The winner's share of the purse is $800,000 (88,236,744 yen). "This might be my Derby horse ", Ortiz said at the time. While there may be no#Triple Crown at stake this year, the hype for one of the biggest thoroughbred races in the U.S.is still at a fever pitch.
  • Appreciate China but it's efforts on N. Korea "have not worked out"

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    Moon's remarks appear to reflect the view that, if intensifying anti-North Korean sentiment in the USA pushes the Trump administration to adopt a harsher policy toward North Korea , the Moon administration would also face increasing pressure to participate in tough sanctions and pressure, given South Korea's alliance with the US.
  • Uber CEO Resigns at Board's Urging

    Uber CEO Resigns at Board's Urging

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    Whoever takes the helm will have to plug a leadership vacuum. Pressure from investors, who've poured more than $15 billion into a company that has burned through billions, ultimately did what the board could, or would, not: It convinced the 40-year-old chief executive to step aside.