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Meghan Markle makes gold sales sparkle
NEW YORK (Reuters) – The Meghan Markle effect has spread to yellow gold jewelry, helping boost United States sales in the first quarter of 2018 with further gains expected, jewelers said.
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Tax-dodge strategists probe loopholes in new U.S. law, IRS wary
WASHINGTON (Reuters) – Tax experts for global corporations are hot on the trail of loopholes in the sweeping tax law approved in December by President Donald Trump and Republicans in the U.S. Congress.
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Asian shares on the defensive but North Korea’s stance soothes nerves
TOKYO (Reuters) – Market sentiment was a little shaky on Friday with Asian shares on the defensive after U.S. President Donald Trump scrapped a key summit with North Korea, though investors’ fears were calmed by Pyongyang’s measured response to the cancellation.
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Mexico’s Pena Nieto ‘optimistic’ on NAFTA as country makes new offer
MEXICO CITY/WASHINGTON (Reuters) – Mexican President Enrique Pena Nieto on Thursday expressed optimism about NAFTA talks that have been thrown into disarray by a U.S. probe exploring auto tariffs, while a source said Mexico had made a new offer to seek a deal.
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U.S. Commerce’s Ross to visit China for trade talks in early June
BEIJING (Reuters) – U.S. Commerce Secretary Wilbur Ross will visit China early next month for another round of talks amid ongoing trade frictions between the world’s two largest economies.
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U.S. Commerce Secretary Ross to visit China June 2-4 to discuss trade: Xinhua
BEIJING (Reuters) – U.S. Commerce Secretary Wilbur Ross will visit China from June 2 to 4 to discuss Sino-U.S. trade relations, the official Xinhua News Agency said on Friday.
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Trump’s 2019 Budget Underestimated New Debt by $2.3 Trillion, CBO Says
Remember President Trump’s 2019 budget — that big document released in February and then immediately dismissed or ignored? Well, a new analysis released Thursday by the nonpartisan Congressional Budget Office finds that the president’s proposal won’t rein in rising deficits like the White House claims.CBO estimates that, over the 10 years from 2019 to 2028, the Trump budget request would cut the deficit by $2.9 trillion compared to the current baseline. The White House estimated that the deficit reduction over that time would total $5.2 trillion. … …read more […]
Business News
Asian shares shaky after Trump ditches summit with North Korea
TOKYO (Reuters) – Asian shares were slightly weaker on Friday amid fragile market sentiment after U.S. President Donald Trump called off a key summit with North Korea, though investor concerns were softened by expectations the two countries may still continue dialogue.
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Mexico says will not renegotiate NAFTA under pressure, but makes new offer
MEXICO CITY/WASHINGTON (Reuters) – Mexico will not buckle to pressure to conclude the long-stalled renegotiation of NAFTA, President Enrique Pena Nieto’s spokesman said on Thursday, but a source said the country made a new offer after the United States launched a probe exploring auto tariffs.
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Dem, GOP leaders get classified briefings on Russia probe
Republican and Democratic lawmakers on Thursday huddled in classified briefings about the origins of the FBI investigation into Russia’s meddling in the 2016 presidential election, a highly unusual series of meetings prompted by partisan allegations that the bureau spied on the Trump campaign. Democrats emerged from the meetings saying they saw no evidence to support Republican allegations that the FBI acted inappropriately in its early investigation into ties between Russia and Donald Trump’s presidential campaign. …read more […]
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Google tries to ease tensions on eve of new EU privacy law
SAN FRANCISCO (Reuters) – Alphabet Inc’s Google sought to ease online publisher concerns on Thursday about the effects European data privacy rules going into effect in just a few hours will have on their ad business.
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Jury finds Samsung owes Apple $539M in patent case stretching back to 2011
A patent case that began back in 2011 has reached a conclusion, with Samsung …read more […]
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Right Call to Cancel N. Korea Talks, Says Kim Koo-Korean Professor
May.24 — Kim Koo-Korea Foundation professor of Korean studies, Sung-Yoon Lee thinks President Trump canceling talks with North Korea was the right move. He states Trump was not prepared and may have walked into an elaborate trap. He speaks with Betty Liu on “Bloomberg Daybreak: Australia.” …read more […]
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U.S. jury awards Apple $539 million in Samsung patent retrial
(Reuters) – After nearly five days of deliberations, a U.S. jury on Thursday said Samsung Electronics Co Ltd should pay $539 million to Apple Inc for copying patented smartphone features, according to court documents, bringing a years-long feud between the technology companies into its final stages.
Business News
U.S. jury awards Apple $539 million in Samsung patent retrial: CNET
(Reuters) – After nearly five days of deliberations, a U.S. jury on Thursday said Samsung Electronics Co Ltd should pay $539 million Apple Inc for copying patented smartphone features, technology publication CNET reported, bringing a years-long feud between the technology companies into its final stages.