• Bitcoin slumps after USA regulators reject Winklevoss crypto exchange-traded fund, again
Bitcoin slumps after USA regulators reject Winklevoss crypto exchange-traded fund, again

The decision has had an impact on the price of bitcoin , which fell from almost $8,300 following the decision to a low of $7,973.81, according to CoinDesk's Bitcoin Price Index ( BPI ). Regulators even launched an investigation in May to check whether bitcoin price movement was manipulated or not. In a 92-page decision released Thursday, the...

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  • EU Trade
EU Trade "Deal" Is Trump's Most Compelling Fiction Yet

China and other top USA trade partners zeroed in on American farmers with retaliatory tariffs after the administration imposed duties on Chinese goods as well as steel and aluminum from the European Union, Canada and Mexico. And he's doing it despite his advisors honking their horns and waving their arms as Trump gets closer toward driving the ...

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  • UAE's Gargash: Saudi oil tankers' attack reinforces need to liberate Hodeidah
UAE's Gargash: Saudi oil tankers' attack reinforces need to liberate Hodeidah

Brent crude futures had risen 66 cents, or 0.9%, to US$74.59 a barrel by 0019 GMT, after gaining 0.7% on Wednesday. He said that the Organization of the Petroleum Exporting Countries (OPEC) and its allies are not discussing an option to boost production by more than 1 million bpd.

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  • European Union and USA launch talks in bid to quell trade tensions
European Union and USA launch talks in bid to quell trade tensions

The administration recently announced a $12 billion temporary aid package for farmers - including soybean producers - dealing with the impact of retaliatory tariffs. "They are going to be a massive buyer of LNG", Trump said. "If U.S. soy is cheaper than the Brazilian it will be preferred". As part of broader efforts to rearrange global-trade re...

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  • Oil higher on Middle East, North Sea supply worries
Oil higher on Middle East, North Sea supply worries

He also mocked Trump's behavior stating that the president's "language is still the ethics of nightclubs and gambling halls". The head of Iran's Quds Forces attacked President Donald Trump in a speech on Thursday, saying if the USA started a war Iran would "destroy all that you possess".

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  • Facebook market value plunges $119 billion
Facebook market value plunges $119 billion

Specifically, Wieser says new European rules about company obligations to protect consumer privacy known as GDPR may prove to be expensive for the company in the long run. Facebook's shares had gained more than 10 percent over the last month and closed higher at $217.50 on Wednesday, before the company reported earnings.

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  • American pastor detained in Turkey moved to house arrest
American pastor detained in Turkey moved to house arrest

Arrested after the failed Turkish coup attempt in 2016, Brunson was charged with supposed ties to the Kurdistan Workers Party and US -based Muslim cleric Fethullah Gulen , whom Turkey believes inspired much of the turbulence. U.S. senators have pushed to delay Turkey's acquisition of American-made F-35 fighter jets, citing Brunson's case and th...

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  • Canada Uses NAFTA To Fight Trump's Solar Panel Tariffs
Canada Uses NAFTA To Fight Trump's Solar Panel Tariffs

The U.S. leader said in the letter dated Friday that he believes a successful NAFTA renegotiation will lead to more jobs and higher wages for both Mexico and the U.S. Mexico is heavily dependent on the United States as an export market and Trump's threats to pull out of NAFTA have rattled investors and put pressure on the peso currency.

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  • Officer Helps Homeless Man Shave, So He Can Apply For Job
Officer Helps Homeless Man Shave, So He Can Apply For Job

Phil told Carlson that he had applied for a job at the McDonald's restaurant next door but needed to be clean shave to work there, the newspaper said. The man, though, was having a hard time with the razor working and he did not have a mirror. Carlson says he wished that there was more he could have done for Phil, but there were other service c...

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  • Friend or foe? Trump meets EU's Juncker amid trade war
Friend or foe? Trump meets EU's Juncker amid trade war

US President Donald Trump accused China of "being vicious" by targeting American farmers on Wednesday morning amid escalating trade tensions, but insisted that negotiations with Beijing were "going really well", rather than having broken down as his top advisers publicly stated recently.

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  • Xi urges fellow BRICS countries to reject go-it-alone trade
Xi urges fellow BRICS countries to reject go-it-alone trade

Those who pursue this course will only end up hurting themselves". South African President Cyril Ramaphosa echoed his sentiments. "Access to the global economy through trade has underpinned China's economic success over the past two and a half decades".

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  • Philips, Pioneer, ASUS and Denon & Marantz fined 111 million euros by EC
Philips, Pioneer, ASUS and Denon & Marantz fined 111 million euros by EC

The companies on the business end of the regulators are Asus , Denon & Marantz, Pioneer , and Philips , with all four accused of pressuring online retailers from discounting their products between 2011 and 2015. President Donald Trump in Washington on Wednesday. The EU claims that the companies were involved in a price-fixing scheme and is finin...

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  • Facebook stocks plummet more than 20% amid concerns over growth
Facebook stocks plummet more than 20% amid concerns over growth

Facebook generated $13.2 billion in revenue, shy of Wall Street's expected $13.4 billion. Facebook CEO Mark Zuckerberg could slide to sixth place from third on the Bloomberg Billionaires Index if the downward trend following late trading on Wednesday in the USA continues through Thursday.

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  • Marchionne said to have died of cardiac arrest
Marchionne said to have died of cardiac arrest

That included getting GM to pay $2 billion to sever ties with Fiat , key to relaunching the long-struggling Italian carmaker, and the deal with the US government to take Chrysler without a penny down in exchange for Fiat's small-car technology.

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  • USA announces billions to help farmers hurt by Trump tariffs
USA announces billions to help farmers hurt by Trump tariffs

Trump is scheduled to speak in Kansas City, Missouri, on Tuesday, and later in the week will visit Iowa and IL, two other agricultural states. Trump tweeted from the White House that USA trade partners need to either negotiate a "fair deal, or it gets hit with Tariffs ".

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  • Donald Trump downbeat ahead of trade talks with EU
Donald Trump downbeat ahead of trade talks with EU

We were being nice - until now!", he wrote . He warned that those who pursue "economic hegemony" will "only end up hurting themselves". Tariffs are set to top the agenda in a meeting Wednesday between U.S. He added: "Pretend someone smashed your auto, and then someone said, 'Don't worry, I will give you a ride to the next place you have to g...

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  • Mega Millions lottery: Grand prize of $522 million up for grabs today
Mega Millions lottery: Grand prize of $522 million up for grabs today

Ken Brown from Reeders hopes he has a good combination of numbers in his hand. IN had a significant Mega Millions jackpot victor just two years ago. "It only takes one ticket to win". The Powerball jackpot is at an estimated $147 million. The last winning Mega Millions ticket, worth $142 million, was sold in Ohio.

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  • Trump’s financial aid offer to farmers criticized as tax-funded ‘welfare’
Trump’s financial aid offer to farmers criticized as tax-funded ‘welfare’

And on Tuesday, the administration chose to act, pledging $ 12 billion in aid to farmers impacted by the trade wars. However, our concerns still lie in a lengthy trade war that will cause long-term, irreparable harm to US agriculture. Trump has said current trade policy disadvantages US farmers and manufacturers, and supporters say USA tariffs sla...

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  • U.S. recognises damage done by trade retaliation, announces aid for farmers
U.S. recognises damage done by trade retaliation, announces aid for farmers

Agricultural Committee Chairman Pat Roberts of Kansas says, "They would much prefer trade, rather than aid". The US has unveiled a $12bn (£9.1bn) plan aimed at helping US farmers hurt by the intensifying trade war. After Trump hit China with tariffs, they responded with a 179 percent retaliatory tariff on USA sorghum. After Trump announced pl...

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  • Alphabet Stock Skyrockets on Stellar Earnings Despite $5 Billion E.U. Fine
Alphabet Stock Skyrockets on Stellar Earnings Despite $5 Billion E.U. Fine

Their average price target is now $1,340 - up from $1,259 last week - according to data compiled by Bloomberg. Diluted earnings per share came to $11.75 or $4.54 after the fine; in Q2 2017, EPS was $8.90 and would have been $5.01 had the fine been taken into account.

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