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U.S. to probe French plan to tax tech companies

U.S. President Donald Trump on Wednesday ordered an investigation into France's planned tax on technology companies, a probe that could lead to the United States imposing new tariffs or other trade restrictions.


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Posted 2019/07/11 00:30:30

U.S. border agency says it is holding 200 children, down from 2,500 in May

U.S. border officers were detaining about 200 unaccompanied children along the southern border on Wednesday, down from more than 2,500 in May, thanks to congressional funding increases, a senior border agency official said.


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Posted 2019/07/10 23:26:49

Second U.S. judge blocks Justice Department bid for new legal team in census cases

A second U.S. judge has rejected a Department of Justice request to replace its legal team in cases on the 2020 census as the Trump administration tries to add a contentious citizenship question.


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Posted 2019/07/10 23:04:09

U.S. Fed policy-makers debate merit of a repo facility

Federal Reserve officials argued the pros and cons of a possible policy tool that allows banks to borrow from the U.S. central bank using Treasuries and other securities as collateral, minutes of the Fed's June policy meeting released on Wednesday showed.


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Posted 2019/07/10 21:54:14

Exclusive: New chemical weapons team to launch first Syria investigations

A new team established by the global chemical weapons watchdog to attribute blame for the use of banned munitions in Syria will investigate nine alleged attacks during the country's civil war, including in the town of Douma, sources briefed on the matter told Reuters.


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Posted 2019/07/10 21:47:15

World stocks rise, dollar drops as Fed chair boosts rate-cut hopes

A broad index of world stock markets edged higher on Wednesday while the U.S. dollar fell as comments from Federal Reserve Chairman Jerome Powell bolstered expectations for an interest rate cut from the U.S. central bank this month.


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Posted 2019/07/10 20:29:01

S&P 500 tops 3,000 less than five years after 2,000

The S&P 500, the benchmark index that investors tend to rely on as a proxy for the U.S. stock market, topped 3,000 for the first time on Wednesday.


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Posted 2019/07/10 20:06:43

Fed chief calls for Facebook to halt Libra project until concerns addressed

U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns are addressed, comments that pressured the project and dented the price of the original cryptocurrency bitcoin.


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Posted 2019/07/10 19:24:45

Labor Secretary Acosta defends Epstein plea deal

U.S. Labor Secretary Alex Acosta on Wednesday praised the new case against financier Jeffrey Epstein on sex trafficking charges and defended the role he played as a federal prosecutor in reaching a plea deal with Epstein that has been criticized as too lenient.


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Posted 2019/07/10 18:50:12

Trump labor chief Acosta to address Epstein plea deal

U.S. Labor Secretary Alexander Acosta will hold news conference later on Wednesday to address the 2008 plea deal with financier Jeffrey Epstein that he made as a U.S. prosecutor in Florida, the Labor Department said in a statement.


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Posted 2019/07/10 17:05:29

Financier Epstein goes from luxury life to confined jail cell after sex trafficking charges

Wealthy American financier Jeffrey Epstein, charged with sex trafficking in underage girls, is now confined to a cell in a fortress-like concrete tower jail that has been criticized by inmates and lawyers for harsh conditions.


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Posted 2019/07/10 17:05:03

Instant view: Powell - Fed stands ready to act "as appropriate" to sustain expansion

Concerns about trade policy and a weak global economy "continue to weigh on the U.S. economic outlook" and the Federal Reserve stands ready to "act as appropriate" to sustain a decade-long expansion, Fed Chairman Jerome Powell said on Wednesday in remarks that could bolster expectations of an interest rate cut later this month.


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Posted 2019/07/10 16:58:08

American Airlines raises unit revenue forecast, shares rise

American Airlines Group Inc on Wednesday raised its estimate for second-quarter unit revenue as the grounding of Boeing Co's MAX jets left the No. 1 U.S. carrier with fewer aircraft in service, allowing it to fly fuller planes.


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Posted 2019/07/10 16:52:02

U.S. says revamping census legal team is justified: Maryland filing

The U.S. Department of Justice on Wednesday rejected the contention that replacing its legal team in cases concerning the 2020 census was unjustified or prejudices the case.


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Posted 2019/07/10 16:18:57

Stocks climb, dollar drops as Fed chair remarks boost rate-cut hopes

A broad index of world stock markets edged higher on Wednesday while the U.S. dollar fell as comments from Federal Reserve Chairman Jerome Powell bolstered expectations for an interest rate cut from the U.S. central bank this month.


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Posted 2019/07/10 15:47:57

Skeptical Deutsche Bank investors to grill Sewing on revamp roadshow

Deutsche Bank shareholders will quiz Chief Executive Christian Sewing on how he plans to deliver on revenue growth targets during a global roadshow to win their backing for a 7.4 billion euro ($8.4 billion) 'reinvention' of the lender.


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Posted 2019/07/10 15:01:05

British ambassador to Washington quits after spat over leaked memos

Britain's ambassador to Washington quit on Wednesday after days of stinging criticism from Donald Trump, leading to accusations that Boris Johnson, the favorite to be the next British prime minister, had "thrown him under the bus".


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Posted 2019/07/10 13:18:18

Timeline: Tension between Iran and the West over nuclear plans, Gulf shipping

Tensions between Iran and the West have escalated since U.S. sanctions on Iranian oil exports took full effect and British naval forces seized an Iranian supertanker.


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Posted 2019/07/10 13:13:43

U.S. accuses Iran of nuclear extortion but remains open to talks

The United States said on Wednesday Iran's breaches of its nuclear deal are an attempt at extortion, warning Tehran that it is isolating itself while at the same time repeating that Washington is open to talks.


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Posted 2019/07/10 13:13:08

U.S. judge denies Justice Dept. request to shake up legal team in census case

A federal judge in Manhattan on Tuesday denied an effort by the U.S. Justice Department to shake up the legal team of civil division attorneys that have long handled the 2020 census-related cases.


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Posted 2019/07/09 21:46:07