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Philippines suspends Uber operations for one month

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In an advisory, the agency said it meted out a penalty of one-month suspension on Uber and was "ordered to cease and desist its operation of their online booking application during the period of suspension". Should they be apprehended, they face a fine of PhP120,000 and three months impounding of their vehicles. "Instead, they suspend operations leaving the commuters with less options", said Aquino. Read More »

Trump orders probe of China's intellectual property rules

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A decision to use the Trade Act to rebalance trade with China "could trigger a trade war ", said the commentary under the name of researcher Mei Xinyu of the ministry's International Trade and Economic Cooperation Institute. "I am very disappointed in China ", he said on July 29 on Twitter . China has pleaded for a resumption of long-dormant six-nation talks to peacefully resolve the crisis. Read More »

VF adds to workwear portfolio with plans to buy Dickies brand

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VF Corp is the maker of popular apparel brands such as Timberland , Wrangler. "Strategically, Williamson-Dickie brings VF exposure to the healthcare and service segments of the workwear market, as well as lifestyle opportunities". Williamson-Dickie, founded in 1922 as a bib overall maker, is the world's leading provider of professional grade performance workwear. The release stated that VF's operating margin is now expected to approximate 13.7 percent, compared with the previous ... Read More »

Tesla Inc. (TSLA) Debt Trading 0.6% Lower

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Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Finally, Vanguard Group Inc. increased its stake in Tesla by 5.0% in the first quarter. "It is a company that is not only still losing money but has carried forward losses of close to $4.3 billion, effectively nullifying any tax benefits from debt for the near future (by my estimates, at least seven years)..." Tesla had a negative return on equity of 16.36% and a negative net margin ... Read More »

DekaBank Deutsche Girozentrale Raises Position in Fiat Chrysler Automobiles NV (FCAU)

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The original version of this report can be read at https://weekherald.com/2017/08/14/dekabank-deutsche-girozentrale-raises-position-in-fiat-chrysler-automobiles-n-v-fcau.html. The company had revenue of $27.93 billion for the quarter, compared to analyst estimates of $29.24 billion. Chief Executive Officer Sergio Marchionne told analysts last month that the company would evaluate whether to separate from some of its businesses as part of a strategic plan he'll unveil in early 2018, his last ... Read More »

Gold steady near 2-month highs on N. Korea tensions

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US President Donald Trump added to the heat by tweeting that "Military solutions are now fully in place, locked and loaded, should North Korea act unwisely". The dollar index, which measures against a basket of currencies, fell 0.05 per cent. Wall Street opened higher on Monday, with broad gains across sectors, as investor sentiment was lifted by easing tensions in the Korean peninsula after key US officials played down the risk of an imminent war with North Korea. Read More »

Ryanair calls on United Kingdom airports to enforce two-drink limit

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They are also asking that the sale of alcohol be banned in airport bars and restaurants before 10am. More than half said they had either experienced or witnessed verbal, physical or sexual abuse on board a United Kingdom flight and one in five said they had been physically abused during a United Kingdom flight. Read More »

Fleas in two Arizona counties test positive for the plague

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County officials advise against allowing pets to run free, as they could pick up infected fleas . Fleas have been found to carry the plague in at least two counties in the U.S. The Septicemic plague spread in the bloodstream from fleas or someone else infected by th plague. According to the U.S. Centers for Disease and Prevention, an average of seven human cases are diagnosed each year. Read More »

Dollar edges higher but outlook wary

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Meanwhile, gold demand in India remained sluggish this week as local prices jumped to their highest level in almost three months and a rally in global prices dampened fresh buying elsewhere in Asia. Shaun Osborn from Scotiabank said, "The yen is the big story really". Concerns over geopolitical risks probably led investors to pare back bearish bets against the yen and the Swiss franc, said Satoshi Okagawa, senior global markets analyst for Sumitomo Mitsui Banking Corporation in Singapore, ... Read More »

Dollar hits 8-week low vs yen, N.Korea tensions spook investors

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Global stocks lost almost $1 trillion in value last week after President Donald Trump warned North Korea that it would face "fire and fury" if it threatened the United States , leading to a war of words between Pyongyang and Washington. "Whether it is a credit crunch in China, policy error from the Fed, or fear of an over-valued US stock market , there are many reasons to maintain a balanced multi-asset portfolio that has exposure to defensive asset classes and currencies". Read More »

IMI plc (LON:IMI) Stock Rating Reaffirmed by Barclays PLC

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The SI to Greenlight Capital RE Limited Class A O's float is 3.07%. The data is represented graphically by fluctuating between a value of 0 and 100. About 2,614 shares traded. Forterra Plc had 37 analyst reports since June 1, 2016 according to SRatingsIntel. As per Tuesday, September 1, the company rating was maintained by Barclays Capital. Read More »

Trump says 'racism is evil' and calls KKK, neo-nazis 'criminals and thugs'

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The president, Sessions said in tough questioning from David Muir, "unequivocally condemned violence and hatred and bigotry", and would likely address the matter again. It will be the first time that Sessions has met with the president since Trump publicly criticized Sessions and called him "weak". "Racism is evil, and those who cause violence in its name are criminals and thugs, including the KKK, neo-Nazis and white supremacists and other hate groups that are repugnant to everything we ... Read More »

Larson takes third straight at Michigan — NASCAR Cup

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Larson said he knew he did not have the fastest vehicle. Chip Ganassi, Larson's team owner on the Cup circuit, gave him permission to race Saturday in Knoxville, Iowa. He said the five playoff points he would have earned with the win also are important, as those points could help him advance through the playoffs. He's going to win some races . Read More »

Sensex rises 100 points in early trade, Nifty above 9750

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The gauge had lost 1,111.82 points in the last five days. Mixed sentiment in other Asian markets helped the Sensex rise, reported Mint . The Indian rupee opened stronger against the United States dollar. The gains were broad-based with all the sectoral indices, barring IT, on the BSE ending in the green. Among Nifty stocks, Cipla was the top gainer, up 5.3 per cent followed by Sun Pharma which gained almost 5 per cent. Read More »

Egypt train collision leaves 42 confirmed fatalities

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Two passenger trains have collided near the coastal city of Alexandria, Egypt, causing 42 fatalities and injuring more than 133, according to the Egyptian Ministry of Health and Population. Egypt's President Abdel-Fattah El-Sisi has said that those responsible "should immediately be held accountable and shown no leniency، regardless of their positions". Read More »

Why the Bitcoin price just rocketed past US$4000

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The digital currency hit $4208.39 mark at 08:19 UTC on Sunday, thus rising by more than 20% in a week. Bitcoin cash , which was created on August 1, already stands as the fourth largest cryptocurrency by market capitalization and now has a value of around $306, according to CoinMarketCap . Read More »

Charlottesville fallout: Exec resigns from president's council, and Trump lashes out

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President Trump hasn't personally called out neo-Nazis or white supremacists following the Charlottesville tragedy - but he's naming and shaming Merck's African-American CEO. Many on Twitter noted that Trump responded more quickly and specifically to Frazier's resignation than he did to the violence in Charlottesville. Tesla CEO Elon Musk resigned from the manufacturing council in June, as well as two other advisory groups to the president, after the USA withdrawal from the Paris climate ... Read More »

Japan surpasses second-quarter GDP expectations on robust domestic demand

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The office also said on Monday that corporate investment, which Prime Minister Shinzo Abe's government sees as key to bolstering the economy, rose 2.4%, following a 0.9% increase in the previous quarter. Private consumption, which accounts for about two-thirds of GDP, rose 0.9 percent from the previous quarter, more than the median estimate of 0.5 percent growth. Read More »

USA stocks fall again on North Korea tensions

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Japanese markets were closed for a holiday but the yen powered on, hitting an eight-week high of 108.91 yen to the dollar, adding to its biggest weekly gain since May. The major averages have all moved to the upside, with the Nasdaq and the S&P 500 bouncing off their lowest closing levels in a month. The attraction of the franc in the face of the Korean situation, however, has pulled it back from long-term lows hit earlier this month. Read More »

China's property development investment sees slower growth

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China's economy grew 6.9 percent in the second quarter, above the official target, but measures taken by the government to curb speculation in the housing market and curb national debt impacted growth. Economists had expected the growth to moderate to 7.1%. "A few sectors, such as steel, seem to have defied this slowdown in economic activity". Property investment and state-sponsored infrastrcuture investment also softened. Read More »

Neo-Nazi website Daily Stormer booted by GoDaddy, possibly hacked

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The post appeared shortly after web hosting company GoDaddy said the neo-Nazi and white supremacist site had 24 hours to find another host, after it violated GoDaddy's terms of service by publishing a deeply offensive article about Heather Heyer, the 32-year-old woman who was killed after being struck by a auto during violent protests at a far-right rally in Charlottesville , Virginia on Saturday (12 August). Read More »

WPI inflation for apparel rises 2.1% in July 2017

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Wholesale price inflation rose to 1.88 per cent in July as food articles became more expensive. The consumer price index, the main policy target of the Reserve Bank of India (RBI), likely rose 1.87 per cent in July from a year earlier, according to a Reuters poll of economists, compared with an increase of 1.54 per cent in June. Read More »

Wall Street set to open lower on simmering N.Korea tensions

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The CBOE Volatility Index .vix , better known as the VIX and the most widely followed barometer of expected near-term stock market volatility, rose the most in about 12 weeks. The yen on Friday added to a strong weekly rally against the dollar of close to 1.5 percent, hitting its highest versus the greenback in nearly four months, at 108.73 yen. Read More »