• Greece 'turning a page' as eurozone declares crisis over
Greece 'turning a page' as eurozone declares crisis over

The yield on Greece's benchmark 10-year bond fell to 4.1 percent Friday, down about 0.2 percentage points. Finance Ministers from the 19 countries that use the single currency are seeking to agree on debt relief and a sizeable cash cushion for Greece that will reassure financial markets on the ability of Athens to stand on its own.

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  • European Union supporters rally in London for public vote on Brexit terms
European Union supporters rally in London for public vote on Brexit terms

Campaigners against Brexit want another referendum, which they call a " people's vote ", to bail on leaving. Lib Dem leader Sir Vince Cable, Green co-leader Caroline Lucas, Labour former NEC member and actor Tony Robinson and pro-EU campaigner Gina Miller were among those who joined the crowd in the capital on the second anniversary of the Europ...

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  • Tesla 'saboteur' sued by automaker says he was whistleblower
Tesla 'saboteur' sued by automaker says he was whistleblower

Tripp , the Tesla lawyers said , had been "disruptive and combative" with colleagues and had grown disgruntled after being assigned to a new role. The employee was identified in a lawsuit filed by Tesla this week; the automaker claims that Martin Tripp , 40, had exported gigabytes of company data and had made false claims to reporters, C...

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  • Supreme Court ruling could have huge impact on Texas economy
Supreme Court ruling could have huge impact on Texas economy

She says the court decision will "level the playing field for IL brick-and-mortar retailers". The tax is 6.25 percent. Local governments will get the share they're already allotted. The ruling could easily improve revenue in states that have taken a hit from online sales. "The Indiana Chamber is very pleased to see today's Supreme Court dec...

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  • EU to respond to any U.S. auto tariff move
EU to respond to any U.S. auto tariff move

Mr. Trump demanded that trade barriers on the United States be lifted, or imported cars from the European Union will be slapped with a tariff. This would also dramatically harm the revenue stream of European manufactures while also negatively impacting the salves of American owned auto dealerships who trade exclusively in European vehicles.

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  • Speeding to auction record? 1962 Ferrari 250 GTO could fetch $45 million
Speeding to auction record? 1962 Ferrari 250 GTO could fetch $45 million

Ferrari's 250 model debuted in 1953 and ended in 1964. "Due to the evolution of technology and safety regulations that followed", explains RM Sotheby's, the GTO was essentially the final true road racer, marking the end of an era when drivers really got their hands dirty.

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  • Iraq confident of OPEC deal to raise oil output
Iraq confident of OPEC deal to raise oil output

The United States, China and India had been pushing for a rise in production to avert a supply shortage later in the year. Saudi Arabia urges OPEC to help consumers by boosting oil supply as opposition from arch-rival Iran shows signs of wavering.

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  • OPEC countries to pump more oil to contain price increase
OPEC countries to pump more oil to contain price increase

Still, some analysts believe that a combination of the OPEC deal, USA oil, and an easing of American demand for energy should eventually contribute to lower oil prices, which in May hit their highest levels in more than three years. Iran, OPEC's third-largest producer, had demanded OPEC reject calls from Trump for an increase in oil supply, arg...

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  • TSX jumps with energy stocks in wake of OPEC deal
TSX jumps with energy stocks in wake of OPEC deal

The countries of the OPEC oil cartel agreed Friday to effectively increase their combined production by nearly 1 million barrels a day, though questions remain over some of the members' ability to do so amid domestic trouble and sanctions. The production increase will partly undo a 1.2 million barrel cut OPEC agreed on in late 2016 that has helped ...

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  • MSCI's expected upgrade to see billions of infow to Saudi Arabia
MSCI's expected upgrade to see billions of infow to Saudi Arabia

If the decision takes place as expected, Saudi Arabia , with 32 stocks, will become the third-largest MSCI country from Europe, Africa or the Middle East, behind only South Africa and Russian Federation. Foreigners were net buyers of Saudi stocks in nearly every week this year, with net inflows of about $3 billion as of June 7 on aggregate for 2...

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  • Supreme Court Tax Ruling Could Have Consequences For Oregon Businesses
Supreme Court Tax Ruling Could Have Consequences For Oregon Businesses

In the decision , the U.S. Supreme Court estimated South Dakota was losing up to $58 million annually in sales taxes. What this ultimately means for consumers is that online purchases could potentially become more expensive. "Main Street retailers that employ your neighbors, pay property tax and support the little league team and high school ban...

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  • OPEC enters meeting that could set direction of oil prices
OPEC enters meeting that could set direction of oil prices

Benchmark Brent crude was up $1.05 a barrel at $74.10 by 0925 GMT. The South American country are facing bans and diplomatic freezes from the United States and its allies, while Iraq has production issues. OPEC Plus are now holding back two million barrels of the market daily. Iran had bridled at complaints on Twitter by U.S. President Donald...

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  • India hikes import duty on U.S. goods
India hikes import duty on U.S. goods

The decision to hike duties is in retaliation to the unilateral increase in tariff by the United States on certain steel and aluminium products earlier this year which had tariff implication of United States dollars 241 million on India. Bilateral trade rose to $115 billion in 2016, but the Trump administration wants to reduce its $31 billion defic...

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  • China: ‘Capricious’ trade policies will hurt United States workers
China: ‘Capricious’ trade policies will hurt United States workers

The move is in response to the U-S tariffs imposed on E-U metal exports. Economists note that on the whole, the US and European Union tariffs will not immediately cause great damage to either side's economy. Trade representatives from India and the United States are set to meet in New Delhi next week. "In other words, China should focus on its ...

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  • European Union says it will start to impose tariffs on United States on Friday
European Union says it will start to impose tariffs on United States on Friday

The majority of United States goods targeted by the European Union , such as tobacco, Harley Davidson motorcycles, cranberries and peanut butter, will now carry a tariff of 25%. Dow members Boeing, Apple and Nike may be targeted by the Chinese as the trade war with the USA rages on, according to The Global Times a state-controlled tabloid.

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  • Saudi Arabia: Deal can be done this week to boost oil supply
Saudi Arabia: Deal can be done this week to boost oil supply

The U.S. average for gasoline stood at $2.87 a gallon on Thursday. Index provider MSCI said late Wednesday it would reclassify Argentina and Saudi Arabia as emerging market countries next year, broadening the investor base for both countries.

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  • Trump Threatens Tariffs On $200 Billion Of Chinese Goods
Trump Threatens Tariffs On $200 Billion Of Chinese Goods

Trump is reiterating at the National Federation of Independent Business that he's trying to renegotiate NAFTA or he will seek separate trade deals with Canada and Mexico. USA companies that supply ZTE also sank. Despite the harsh words from high-level officials, Navarro tried to downplay the economic downsides of the tariffs, calling them "rela...

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  • Merkel, allies avert collision for now in German migrant conflict
Merkel, allies avert collision for now in German migrant conflict

Seehofer threatened Monday to turn back migrants if the German leader doesn't secure a deal within two weeks. "We're seeing small, positive developments, and we must of course continue to do more on the fight against crime", she said.

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  • Oil falls 2 pct as OPEC nears deal to raise production
Oil falls 2 pct as OPEC nears deal to raise production

When OPEC and its allies, which include Russia , Kazakhstan and Mexico, agreed to cut output in late 2016, they announced a 1.8 million-barrel-a-day reduction. The US has asked cartel members to increase their output. U.S. oil prices managed to stage a bounce this week after a rapid decline last Friday saw WTI crumple into 63.36 after lifting st...

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  • Audi CEO Stadler arrested on risk he may suppress evidence
Audi CEO Stadler arrested on risk he may suppress evidence

Prosecutors in Munich said Stadler was arrested at home early on Monday morning and was later remanded in custody by a judge, owing to fears he might hinder an ongoing probe by suppressing or tampering with evidence . Rupert Stadler , chief executive of Volkswagen's Audi unit, speaks last July in Barcelona. The United States filed crimi...

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  • European Union retaliatory tariffs to hit U.S. products on Friday
European Union retaliatory tariffs to hit U.S. products on Friday

Mexico has already put tariffs on USA products that include steel and pork. The tariffs, which will hit American products including motorcycles and denim, are a response to Trump administration tariffs on steel and aluminum exports from Europe.

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  • Bitcoin price drops as cryptocurrency exchange Bithumb is hacked
Bitcoin price drops as cryptocurrency exchange Bithumb is hacked

In this case, Bithumb is big enough to cover the losses, but it isn't always that way and securely holding tokens avoids potential for trouble. While news of the latest theft has weighed on sentiment, the reaction has been relatively subdued, said Ryan Rabaglia, head trader at cryptocurrency dealing firm Octagon Strategy Ltd in Hong Kong.

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  • Starbucks to Close 150 Underperforming Stores, Hike Dividend
Starbucks to Close 150 Underperforming Stores, Hike Dividend

Competition from rivals like McDonald's and Dunkin' Donuts is heating up, said Bernstein analyst Sara Senatore in a research note. "We must move faster to address the more rapidly changing preferences and needs of our customers". In March, Rosalind Brewer, Starbucks' COO, also said the market for vegan food was significant and that the company was ...

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  • Disney Increases Fox Bid to $71.3 Billion
Disney Increases Fox Bid to $71.3 Billion

At stake is a trove of media properties, ranging from The Simpsons to X-Men, that may help fend off the threat from Netflix Inc. and other streaming upstarts. "At a time of dynamic change in the entertainment industry, the combination of Disney's and Fox's unparalleled collection of businesses and franchises will allow us to create more appealing...

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  • China trade fight comes at tricky time for Chinese economy
China trade fight comes at tricky time for Chinese economy

President Trump's announcement to impose additional tariffs on China caused global markets to tumble, . with the Dow now on a six-day-long losing streak. Chinese regulators also have the option of broadening their retaliation by tying up American companies in tax or anti-monopoly investigations or by denying or revoking licenses.

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