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Buffett says Berkshire buying own stock, more Apple

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A buy-back policy announced on 17 July gave Buffett, who has gone 2-1/2 years since a major acquisition, a new way to deploy Berkshire's $111.1 billion of cash and equivalents. When asked whether he'd support Apple purchasing Musk's electric-car manufacturer, Buffett stated: "I'd support whatever Tim Cook does, but I think it'd be a very poor idea to get in the auto business". Read More »

Trump considers pulling the United States out of WTO

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Mr Trump said this in an interview with Bloomberg News that if the organization don't shape up , he would withdraw from it. He added: "Threats like the US President's highlight growing frustration, but what's missing are practical reform ideas and a plan for steering them to consensus". Read More »

CBOE Announces an Ether Futures

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Cboe is telling its trading firm clients that it is getting close to launching a market for ether futures , but that might actually be a bad thing for the cryptocurrency , one expert says. According to the report published by the Chicago Mercantile Exchange (CME), the BTC futures volume has increased by nearly 93 percent in the second quarter over the first quarter of 2018. Read More »

Ford cancels Focus crossover model, cites Trump tariffs

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GM took a patriotic stance, arguing in the letter that, "Envision sales generate capital that GM can invest in the U.S". The Ford Focus Active is being manufactured in China, but because of a new 25 percent tariff on cars imported from the country, it's no longer profitable for the company to sell it in America, where Ford predicted consumers would buy close to 50,000 of the vehicles annually. Read More »

Rupee at 71: Indian rupee hits record low against U.S. dollar

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The fall in Indian currency is due to the persistent demand for the USA currency amid rising crude prices. The rupee had fallen as much as 49 paise on Wednesday to close at an all-time low of 70.59 against the dollar. This allowed the currency to cut losses but slumped again towards the end of the trading session to close the day at 71 to a dollar. The unit is overvalued in any case. Read More »

Freeland heads to Washington to rejoin high-stakes NAFTA negotiations

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The preliminary agreement announced Monday allows carmakers to import vehicles duty-free if 75 percent of the content is made in the USA and Mexico. Freeland said Canada was "extremely involved" in the progress that was made between the US and Mexico over the summer. If talks with Canada are not wrapped up by the end of this week, Mr Trump plans to notify Congress that he has reached a deal with Mexico, but would be open to Canada joining, US Trade Representative Robert Lighthizer told ... Read More »

Trump cancels pay raise federal workers were due in January

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Trump informed House and Senate leaders in a letter on Thursday. The federal deficit has exploded under Trump, with the advent of the GOP tax law that is projected to cost $1.9 trillion over the course of a decade, as well as a bipartisan spending deal that increased discretionary spending by almost $300 billion in 2018 and 2019. Read More »

Whitbread to sell Costa Coffee chain to Coca-Cola for £3.9billion

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The company also operates a business of 8 000 self-service machines. After missing out on the heady growth phase of coffee shops, Coca-Cola is entering when the market in countries like the United Kingdom and the U.S.is crowded. Chief executive Alison Brittain said: 'This transaction is great news for shareholders as it recognises the strategic value we have developed in the Costa brand and its global growth potential and accelerates the realisation of value for shareholders in cash. Read More »

Facebook Watch arrives in Australia offering an alternative to YouTube

Watch also supports saving a video for later viewing. Facebook has begun rolling out its "Watch" video service - that was launched previous year and available only in the United States. For creators, Facebook is trying to make Watch appealing by allowing for monetization. In fact, the company should consider spending some of it on marketing the service as most Americans haven't even heard of Watch, let alone the rest of the world. Read More »

Elon Musk revives 'pedo' controversy in Twitter spat

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Bet he can expect that lawsuit this time . "Mr. Musk's emotion was audible". Musk on Tuesday chimed in on a Twitter thread created when Global Digital Women founder Tijen Onaran posted a link to a Forbes column written by Amy Nelson, founder and CEO of The Riveter, which is a network of community and workspaces built by women for all workers. Read More »

Demonetisation: 99.3% of old notes now with banks, says RBI

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The report pegged the total SBNs returned from circulation at Rs 15.31 lakh crore. The RBI's annual report 2017-18 said that on completion of the process of verification of the scrapped Rs 500 and Rs 1,000 notes, it is found that the total value of the demonetised currency returned to the banks now stands at Rs 15.3 lakh crore, which amounts to 99.3 per cent of the Rs 15.4 lakh crore worth of such notes in circulation on November 8, 2016. Read More »

Toyota invests $500M in Uber as companies team on self-driving vehicles

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Uber, which has scaled back its driverless vehicle program, could ramp up efforts as part of a reported alliance with Japanese auto giant Toyota. The Japanese automaker will invest US$500 million in Uber, and purpose-built Toyota vehicles will be deployed on Uber's network with technology from both companies. Read More »

NAFTA is Out, a New Trade Deal With Mexico is Officially Here

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Mexican president Pena Nieto tweeted: "I spoke with Canadian Prime Minister Justin Trudeau on the state of the NAFTA negotiations and the progress made between Mexico and the United States". That percentage will be increased to 75% from 62.5%. Lighthizer and Mexican Economy Minister Ildefonso Guarjardo said. Establish that 40% to 45% of a vehicle or truck's content must be made by workers earning more than $16 an hour. Read More »

US, Mexico Reach New Trade Agreement

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World stocks rose to a six-month high on Tuesday, lifted by investor optimism that a U.S. -Mexico deal to overhaul the North American Free Trade Agreement will go some way to averting a global trade war. "This is something very positive for the United States and Mexico", Pena Nieto replied, saying he is looking forward to toasting Trump with tequila to celebrate, expressing to his American counterpart that he is "really grateful and greatly recognize and acknowledge your political will in ... Read More »

Uncertainty Abounds as USA and Mexico Announce Trade Deal

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President Donald Trump's repeated threats to ditch the 1994 accord. Adam Austen, a spokesman for Canadian Foreign Minister Chrystia Freeland, said: "Canada is encouraged by the continued optimism shown by our negotiating partners". Economist Paul Ashworth wrote in a note to clients on Monday afternoon. "The biggest issue for Canada isn't whether we're kicked out of the deal, but what's next", said Shenfeld. Read More »

4 takeaways from the U.S.-Mexico trade deal

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Instead of requiring the deal to be renegotiated every five years, a widely panned idea, the agreement will last for 16 years and can be renewed. He said it would be replaced in part by the newly named United States-Mexico Trade Agreement. Read More »

US, Mexico may reach Nafta deal as soon as Monday

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Some really good people within both the new and old government, and all working closely together.A big Trade Agreement with Mexico could be happening soon! The United States has softened its contentious demand for a NAFTA " sunset clause ", Mexico's incoming trade negotiator said on Saturday (Aug 25), potentially eliminating a key obstacle to reaching a deal next week to revamp the trade pact. Read More »

Ryanair changes baggage policy; duty free unaffected

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Ryanair has announced new changes to its carry-on baggage restrictions, in an attempt to address flight delays. Passengers on the beleaguered budget carrier, which faces increased costs due to industrial action in recent months, can now carry a small bag and a small suitcase for free. Read More »

United Kingdom outlines contingency plan in event of 'no-deal' Brexit

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The government's guidelines make it clear that companies trading with Europe would face new customs and excise rules and require paperwork covering customs and safety declarations in the event of no deal. The furore underlines the fragility of Mrs May's position, heading into the final phase of negotiations without unity in her party, a clear consensus in parliament on what type of exit Britain should seek and persistent disagreements with Brussels. Read More »

US dollar declines amid Fed Chair Powell’s speech

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Powell sketched a positive picture of the USA economy and said the Fed's incremental approach to raising rates has so far succeeded. He said prices were rising at about the Fed's target pace of two percent, signaling the U.S. The Fed's efforts to strike that balance have been complicated by a new challenge to the long-assumed relationship between unemployment and inflation. Read More »

Amid Mendocino blaze, Verizon slowed data speed for firefighters

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It also said that next week, it will unveil a new plan for first responders that will include unlimited data, no caps, and priority access. A Northern California fire department said a telecommunications company slowed its internet communications at a crucial command centre set up to help fight one of the state's largest wildfires . Read More »

'Weisselberg knows everything': Prosecutors grant immunity to longtime Trump finance chief

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Pecker's immunity deal was first reported on Thursday by Vanity Fair and The Wall Street Journal , citing anonymous sources. Analysts say that with crucial midterm elections only months away, Republican candidates fear saying anything that might offend a president who remains popular among most of the party faithful - and who savors his ability to make, or break, a candidate with a single tweet. Read More »

WTI crude futures gain 3.07 pct on drop of inventories

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That followed a 3 percent jump the previous session. "Once again, the weekly release of United States official data left its mark on the oil market", said Norbert Ruecker, head of macro and commodity research at Julius Baer Group Ltd in Zurich. Read More »

Trump's business faces prosecutors' scrutiny after Cohen plea

The organization reportedly recorded the reimbursements to Cohen as a legal expense, but the former Trump attorney admitted Tuesday that he used the money to ensure the adult-film actress didn't reveal the affair she allededly had with then-candidate Trump during the 2016 presidential election. Read More »

S&P flat after Fed minutes as index marks record bull run

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The optimism pushed the small-cap Russell 2000 index up as much as 0.82 percent to a record high. Harley-Davidson fell 0.2 per cent after S&P downgraded its credit rating, citing weak sales trends in the United States market. The S&P 500 index rose 8 points, or 0.3 per cent, to 2,865. Speaking at a research symposium in Jackson Hole, Wyoming, Powell said the Fed's gradual interest rate hikes were the best way to protect the economic recovery, maintain strong job growth and keep ... Read More »

U.S. oil prices recover from struggles in past weeks

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U.S. WTI crude posted its seventh straight weekly drop on Friday, marking its worst losing streak in three years, falling 2.5%. A U.S. State Department official told Reuters the Trump administration was aware of China's tactics and that "We continue to discuss our Iran policy with Chinese counterparts and the implications of our reimposition of sanctions". Read More »

Another Tampa Sears location to close doors

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Parent company Sears Holdings called the stores "unprofitable" in a statement. The Sears store has been an anchor at Vancouver Mall since the mall opened in August 1977. The move comes as Sears is considering a bid from CEO Eddie Lampert's hedge fund ESL Investments to acquire its jewel Kenmore appliances from the company for $400 million. Read More »

Google Pixel 3 XL shown off in new hands on pics

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The alleged Pixel 3 was wrapped in a case but showed a similar deep notch at the top of the device that has been widely rumoured for months. Some of the black market Telegram messages, with the contact info obscured. Google didn't immediately respond to a request for comment. Interestingly, the Google Pixel 3 XL having a single rear camera is not the odd aspect. Read More »