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Mexican FM defiant on wall payment

Mexican FM defiant on wall payment

Trump said . On Thursday, a White House spokesman said one potential way to pay for the wall could be to apply a 20 percent tax on imports from Mexico, as well as other countries with which the USA has a trade deficit. The planned wall was one of Mr Trump's key election campaign pledges. Pena Nieto did not directly mention whether he would make the trip to Washington on January 31, but said he would await reports from the high-level team of Mexican officials now meeting with Trump ... Read More

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Third Time May Be the Charm for Keystone Pipeline

Third Time May Be the Charm for Keystone Pipeline

His directive asked that the US agency make a decision on a new TransCanada application within 60 days of receiving it - meaning a new decision will now come by the end of March. TransCanada said the project would contribute $3.4 billion to the US economy. The total costs could, however, change significantly. Former President Obama rejected the Keystone application in 2015, seven years after TransCanada first applied for it. Read More

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Chattanooga home sales rise to record high in 2016

Chattanooga home sales rise to record high in 2016

Total housing inventory in the last month of the year fell to the lowest level since NAR began recording such data 1999, dropping almost 11 percent to 1.65 million existing homes on the market, 6.3 percent below December 2015. Sales in the single family segment retreated by a more moderate 1.8 percent to 4.88 million. Carpenter also noted that December tends to be a slow time for home sales, and uncertainty around the impact of the election may have kept people from taking action. Read More

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OPEC, non-OPEC producers meet to discuss compliance with oil cut deal

A deal reached on December 10 between members of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers marked the first such pact since 2001. Saudi Arabia, the world's biggest oil exporter, has already exceeded its target with an output reduction of more than 500,000 barrels a day, Al-Falih said, while Algeria and Kuwait have also cut to levels beyond their targets, according to ministers from those nations. Read More

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Asian stocks mixed as investors warily await Trump

The dollar rose to as high as Y113.14 in late-morning trade after reaching Y112.57 earlier in Asia session, its lowest level since November 30. A number of blue-chip stocks are sliding lower on Tuesday as the post-election "Trump-flation" trade is being reversed after President-elect Donald Trump - in an interview released over the holiday weekend - said the USA dollar was too strong . Read More

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Oil rises on OPEC output cuts, China demand forecast

US crude oil refinery inputs averaged 17.1 million barrels per day during the week ending January 6, 2017. And in that period, OPEC producers have pumped more oil than their quotas in all but a handful of months. Meanwhile, U.S. crude oil production will climb from 8.9 million barrels per day in 2016 to 9 million barrels per day in 2017 and 9.3 million barrels per day in 2018. Read More

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Charlie McAvoy Helps Lead Team USA To Gold Medal Over Canada

If Anaheim Ducks prospect Troy Terry earned himself a place in American hockey history on Wednesday with his three shootout goals in the semifinal win over Russian Federation, he only cemented that legacy on Thursday night. Sitting at the bar to watch the game was Tim Rogers who said the whole thing was incredible, save the loss for Canada. It's also the second time that they've gone undefeated at the tournament, finishing with a ideal 7-0 record this year. Read More

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LIRR crash: Dozens injured after NY commuter train derails in Brooklyn

Investigators still aren't sure why the train didn't halt when it approached the bumping block. "First concern is (for) the people on the train. They were all like piled on top of each other", he said. Several passengers remained slumped on the train's floor as they were treated by paramedics shortly before 9am. Traveling at a fairly slow speed, it derailed after striking a bumping block, New York Governor Andrew Cuomo said at the briefing. Read More

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Chinese hackers allegedly stole secrets from USA law firms

Chinese hackers allegedly stole secrets from USA law firms

According to USA prosecutors, the Chinese hacking trio raked in over $4m by placing trades in at least five company stocks, presumably using illegally accessed insider information from several undisclosed law firms. The SEC said the defendants began targeting one of the law firms in July 2014. One of the three men - 26-year-old Iat Hong from Macau - was arrested on Christmas Day after he dared step foot into neighboring Hong Kong, which has an extradition treaty with the US. Read More

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Retailers Brace For Busy Christmas Eve This Saturday

Retailers Brace For Busy Christmas Eve This Saturday

HUMANE SOCIETY: Heartland Humane Society and SafeHaven Humane Society will be closed Monday. Asda stores will be open right up until Christmas Eve night and again on Boxing Day , but not open on Christmas Day itself. Closed all day on December 25 for Christmas and will reopen at 7 a.m. December 26. Wal-Mart says customers who order items before 6 p.m. on December 23 can pick them up on Christmas Eve and even launched a website with the items that qualify at walmart ... Read More

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Fred's Pharmacy to buy Rite Aid locations

Fred's Pharmacy to buy Rite Aid locations

Fred's purchase of the stores is subject to approval by the Federal Trade Commission and completion of Walgreens' acquisition of Rite Aid . Walgreens noted that it is actively engaged in discussions with the FTC regarding the transaction and working toward a close of the Rite Aid acquisition. Read More

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Seven Hedge Fund Execs Arrested in Madoff-Like "Ponzi Scheme"

Capers, United States Attorney for the Eastern District of NY, said at a news conference. Investigators say emails between Nordlicht and others show that they knew about the scheme being perpetrated on Platinum's investors. Platinum's management hid the red ink in part by claiming a position in Golden Gate Oil LLC was valued at roughly $170 million. "I think we've returned about double that in cash to investors, so that is really an indication of. Read More

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Japan tops China as largest holder of US Treasury debt

Since September 2008, the Treasury Department has ranked it as the biggest foreign creditor to the USA, with the exception of one month in early 2015 and again with its latest update. Treasuries in response. The reserves fell $45.7 billion to $3.12 trillion in October. The large reduction by China appears to reflect the country's dollar-selling, yuan-buying interventions to shore up the value of the Chinese currency, also known as the renminbi, according to financial experts. Read More

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Xavi: Cristiano Ronaldo doesn't deserve Ballon d'Or

Asked if he would have claimed the award more times had they played on the same side, Ronaldo said: "It's a hard question". "Leo Messi is the best despite the trophies that someone else might have won". Well, now Ronaldo has won four. Twelve European newspapers have published excerpts of the so-called Football Leaks dossier, based on documents obtained by the German weekly Der Spiegel, including allegations concerning Ronaldo and other top footballers. Read More

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