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Oil rises 1 percent on signs of tightening global oil supply

Oil rises 1 percent on signs of tightening global oil supply

Brent crude, the worldwide benchmark for oil prices, was trading at $62.22 a barrel Tuesday afternoon, down 0.4 percent, while West Texas Intermediate ( WTI ) stood at $54.30, down 0.5 percent. The fund also warned trade tensions could spell further trouble. A report published by the US Energy Information Administration (EIA) last week showed that the country's oil production averaged a record 11.9 million barrels a day in November, up 345,000 from October and up almost 1.8 million ... Consulte Mais Informação

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Mazda will signal SUV expansion with Geneva debut

Mazda will signal SUV expansion with Geneva debut

The SUV will be second model in the company's new-generation line-up, after the Mazda 3 which had its debut at the Los Angeles auto show in November. The Japanese vehicle manufacturer hasn't provided much information regarding the brand-new addition to its lineup, save for confirmation that it will come available with the company's revolutionary SkyActiv-X powertrain and will continue to carry Mazda's Kodo design language. Consulte Mais Informação

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Oil falls on U.S

U.S. West Texas Intermediate ( WTI ) crude futures fell 70 cents, or 1.27 percent, to settle at $54.56 a barrel. Brent crude futures dropped 24 cents, or 0.38 percent, to settle at $62.51 a barrel. "Fresh U.S. sanctions on the country could see 0.5-1 percent of global supply curtailed", said Vivek Dhar, mining and energy analyst, Commonwealth Bank of Australia. Consulte Mais Informação

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China tariff hike would trigger downturn, trade diversion: U.N

China tariff hike would trigger downturn, trade diversion: U.N

Of the more than $300 billion of China-US trade that has been hit with new tariffs since July, about $250 billion is likely to shift to other economies, the United Nations estimates. American firms would capture only six percent of about $250bn of the affected Chinese exports, while Chinese companies would retain 12 percent, despite the higher cost of trade, the study said. Consulte Mais Informação

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Elizabeth Warren's Tax Proposal Is Popular Even With Republicans

Elizabeth Warren's Tax Proposal Is Popular Even With Republicans

Just 20 percent say they oppose such a tax, with 19 percent saying they weren't sure either way. Democratic voters supported the plan by 74 percent to 11 percent, while Republican voters backed it by 50 percent to 30 percent. For many years, voters have told pollsters that they favor raising taxes on the wealthy, at least in theory. Numbers such as those explain why voters remain sour on 2017′s Tax Cuts and Jobs Act, which was a windfall for corporations and the wealthy. Consulte Mais Informação

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Apple says reaches agreement on French back taxes

Apple makes iPhones, iPads, Mac computers, the Apple Watch, Apple TV and other gadgets.... French authorities declined to comment citing the confidentiality of tax matters. The French business newspaper also noted that for several months , Apple has been negotiating with the tax agency, known as DVNI, adding that it may take until the end of the year to reach a final deal. Consulte Mais Informação

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GM layoffs expected to cut more than 4K white-collar workers

GM layoffs expected to cut more than 4K white-collar workers

Morrissey said GM would provide salaried workers with severance packages and job placement services. GM cut about 1,500 contract workers in December, 2018, and said 2,300 salaried workers accepted buyouts, officials said. "Our employees are our priority, and we will communicate with them first". The GM plant in Lordstown, Ohio, is one of the four USA sites affected, CNN reported. Consulte Mais Informação

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Charlotte Russe files for bankruptcy, will close almost 100 stores

Charlotte Russe files for bankruptcy, will close almost 100 stores

Women's apparel company Charlotte Russe filed for Chapter 11 bankruptcy protection Sunday and said it will close approximately 94 stores in malls across the country. Charlotte Russe Holdings Corp., which also operates Peek Kids stores, offers "affordable on-trend apparel, shoes and accessories for all sizes". In 2009, Charlotte Russe was acquired by private equity firm Advent International for $380 million. Consulte Mais Informação

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Trump picks World Bank sceptic David Malpass to lead institution

Trump picks World Bank sceptic David Malpass to lead institution

Trump was given the opening early last month, when World Bank President Jim Yong Kim announced his sudden resignation as the head of the organization, whose leader has been appointed by the U.S. A White House spokeswoman declined comment, and a spokesman for the U.S. Treasury did not respond to queries about the decision. Malpass in 2017 criticized the World Bank, the International Monetary Fund and other multilateral institutions for growing larger, more "intrusive" and "entrenched". Consulte Mais Informação

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Google's Parent Company Announces Quarterly and Annual Earnings

Google's Parent Company Announces Quarterly and Annual Earnings

Capital expenditures rose 64 percent compared to past year, up to $7.08 billion. It reported $39.3 billion in revenues for the fourth quarter, up 22 percent from the previous year, beating expectations of $38.9 billion. Earnings per share (non-GAAP) were $12.77, compared to a loss of $4.35 previous year, and above estimates of $11.08. "I think Microsoft and Amazon need to keep one eye open with Google", he said. Consulte Mais Informação

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