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Samsung heir facing South Korea arrest

Samsung heir facing South Korea arrest

A decision may come late on Thursday or early Friday, based on previous instances. This is a second go for the prosecutors to arrest Lee as so far there had not been enough to have him arrested. Choi has denied taking any part in the merger, while Lee has testified that he didn't play a role in Samsung's decision to make $17 million in donations to Choi . Read More

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Crude oil to trade in 3516-3614 range: Achiievers Equities

Crude oil to trade in 3516-3614 range: Achiievers Equities

WTI light sweet crude oil was down 30 cents at $52.88 a barrel ahead of a deluge of economic data. "We called it the Nigerian barrel a year ago, '" she said, adding oversupply of light sweet crude would start to weigh on oil prices. The agreement, inked on November 30, requires 10 of OPEC's 14 members to cut a combined 1.256 million barrels per day (b/d) of output. And if countries who aren't part of the pact, such as the US, significantly raise production, that boosts the likelihood that ... Read More

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China exports surge amid trade spat with US

China exports surge amid trade spat with US

Exports of Chinese merchandise jumped 7.9 per cent in January compared with a year earlier in dollar terms, beating the Bloomberg consensus of 3.2 per cent. In volume terms, imports of iron ore also surged by 12 percent year-on-year in January following a temporary contraction in December. The trade surplus climbed to $51.3 billion. Read More

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Oil Prices Holding Steady on Friday Despite Increasing African Production

In this regard, it is also worth recalling that the agreement between OPEC and non-OPEC countries would enable the USA shale oil producers to stabilize production or even to increase it. Together, OPEC and non-OPEC producers are targeting a production cut of almost 1.8 million barrels per day (MMBPD) by June. At strictly technical level, Iran participates in the operation only considering the strategic situation in the Greater Middle East, while it would even need to increase its oil ... Read More

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Boeing wins Singapore Airlines order for wide-body planes, source says

According to SIA, the B777-9s it ordered are due for delivery starting in the 2021-22 financial year. Wednesday's LOI marks the the SIA Group's first order for the largest member of new 777X family, scheduled to enter service in 2020. Boeing was nearing an order for at least 35 wide-body aircraft from Singapore Air, Bloomberg News reported Wednesday. SIA is already the launch customer for the 787-10, which is also now in development, having placed an initial order in 2013 for 30 aircraft for ... Read More

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Active Stock: Twenty-First Century Fox, Inc.'s (FOXA)

Mid-day Monday trading witnessed the stock sinking 2.5% before recovering a bit. The company now has a consensus rating of "Buy" and a consensus price target of $32.65. Twenty-First Century Fox (NASDAQ: FOXA ) last issued its earnings results on Monday, February 6th. That is compared with the $0.44 in EPS it reported during the same period a year ago. Read More

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Chapel Hill, Carrboro declare state of emergency over water shortage

Chapel Hill, Carrboro declare state of emergency over water shortage

UNC Hospitals and clinics are operating normally despite the water issue. The timing raised doubts about whether the men's basketball game between North Carolina and Notre Dame could be played Saturday night. The call to stop using water went out shortly before noon. The utility began getting water from Durham, but a supply pipe broke early Friday, leaking up to 1.5 million gallons of water and causing a fall in water pressure needed to keep harmful bacteria from growing. Read More

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U.S. Army 'ordered' to grant approval of final section of DAPL

Three of those people join us to talk about their reasons for going to the Standing Rock Sioux Reservation and how the lessons of that resistance resonate in Northern California and Southern Oregon. Hundreds and at times thousands of pipeline opponents who have dubbed themselves "water protectors" have camped on federal land near the crossing site since last August, often clashing with police and prompting more than 625 arrests. Read More

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Canada's factory sector grows at fastest pace in two years

The reading compares with a flash estimate of 55.1 and is up from 54.9 in December. Slower growth of business activity largely reflected a moderation in new order gains at the start of 2017. Meanwhile, latest data indicated a modest rebound in input buying in response to increased workloads and forthcoming project starts. United Kingdom manufacturers have shrugged off big input price increases to start 2017 in fine form, while activity in the Eurozone has reached its highest point since a ... Read More

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Volkswagen passes Toyota to become world's biggest automaker

It is the first time the German group has held the top spot. Toyota Motor Corp.is no longer the world's largest auto marker by vehicle sales, relinquishing a title held since 2012. It held the number one title in 2011 after Toyota's production was hit by a massive quake and tsunami in north-eastern Japan. Toyota could face a tricky 2017 in the United States after coming under fire from Trump earlier this month for building manufacturing plants in Mexico. Read More

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Friendly lawmaker: Forget NAFTA, let's do one-on-one deal with Canada

Friendly lawmaker: Forget NAFTA, let's do one-on-one deal with Canada

U.S. President Donald Trump pledged Sunday to begin renegotiating the North American Free Trade Agreement in upcoming talks with the leaders of Mexico and Canada. "The new administration is suggesting a reversal in trade policy of a magnitude that hasn't been seen in decades, possibly since the 1920s", said Hoyt Bleakley, an associate professor of economics at the University of MI. Read More

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Spectator dies after Monte Carlo crash

Spectator dies after Monte Carlo crash

Neither Paddon or co-driver John Kennard were hurt but video images appeared to show a spectator tumbling down the rocky bank after the impact, with Hyundai Motorsport later issuing a statement saying the fan had passed away. "It's a new season in every sense of the word - a new era, a new vehicle and a new team", the four times world champion said earlier in the week. Thierry Neuville leads the way, but defending champion Sebastien Ogier made a late recovery up into second as an ... Read More

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Chrysler CEO: US investment not because of Trump

The production of the Ram pickup truck will also be moved from Mexico to the US. Fiat Chrysler Automobiles CEO Sergio Marchionne received plaudits from Donald Trump for a $1 billion investment in the United States , replying, "As far as I understand, I believe the president-elect could favor a merger between Fiat Chrysler and General Motors ". Read More

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