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Fed lifts rates for 4th time this year but sees fewer hikes

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The Fed lifted the target federal funds rate by 25 basis points from 2.25 percent to 2.5 percent, causing the price of silver to decline following the hike announcement. According to Federal Reserve Chairman Jerome Powell, the world's largest economy continued to strengthen this year, roughly in line with expectations. Read More »

OPEC agrees oil output cut, no final figure yet - delegate

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After much back-and-forth between producers in Vienna, Opec and allies agreed to collectively cut production by 1.2 million barrels a day, with the cartel shouldering 800,000 barrels a day. Al Falih told reporters in Vienna that OPEC will seriously consider views of world leaders like Modi, who represent the voice of major consuming nations, before taking a decision on cutting output. Read More »

Canadian oil made a almost 50% move today

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Oil production cuts announced by the Alberta government will have the desired outcome of reducing steep price discounts on western Canadian crude, but will also create winners and losers, financial analysts say. A weekend 90-day ceasefire between the USA and China on imposing higher tariffs was a catalyst for global markets to rise even though a final resolution is far from certain, Fehr said in an interview. Read More »

Trump agrees to pause USA trade war with China

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Reuters notes the United States now charges a 27.5 percent tariff on vehicles with a "made in China " label. The United States said Saturday that it agreed in a long-awaited summit with China to suspend new tariffs for 90 days as the two powers seek to end a trade war . Read More »

Trump may suspend additional China tariffs under proposed deal

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There's a good chance the iPhone and other Apple products will be hit with tariffs in the Trump administration's trade war with China. "We have a supremely important relationship", Faurie told Xinhua in a recent interview , describing the bilateral ties "as an extremely rich relationship that reflects the potential today's China has on the global stage". Read More »

Range Rover Evoque: off-road first drive of new SUV

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The British marque has finally launched the new 2020 Evoque while the quirky SUV in its latest avatar seems to have lost some character. At speeds below 17 km/h, the engine will shut off while the driver applies the brakes. Available technology includes Land Rover's Terrain Response 2 system, which adjusts the car's set-up depending on the surface it is driven on. The 2019 model can now wade through water up to 600mm (previously 500mm). Read More »

Strange Bedfellows: Pelosi Applauds Trump's Tariffs on China

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Still, he celebrated GOP success hanging on to the Senate and distanced himself from any blame. MI was Trump's narrowest victory in 2016, with a margin of just over 10,000 votes overall - and now signaling plenty of worry for 2020. Two 29-year-old Democrats - Alexandria Ocasio-Cortez and Abby Finkenauer - are due to be the youngest women ever to win House seats. The result confirms a historical trend for the party that is not in the White House to make gains in the mid-terms. Read More »

Polls closing as voters pit Trump strength against resistance of Democrats

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The Democrats stormed back to the take the House after losing power eight years ago and gained seven governorships around the country, while the Republicans increased their power in the Senate by at least two seats. That leaves the one place of true competition, the suburban voters, many of whom have long favoured Republicans but who staged a revolt against the President by voting for Democratic candidates. Read More »

'The hottest thing': Trump launches final day blitz on Democrats

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The front-page illustration shows Trump relaxing on a beach as a big blue wave approaches from behind. However, the election will have a significant impact on how much power Trump will have for the rest of his presidency. The political realignment, defined by race, gender and education, could re-shape USA politics for a generation. "There's 23 seats, and if they can flip just a little bit more than 23 seats, Democrats will wrangle control from the Republicans", Chaffetz said. Read More »

What to look for in USA midterm polls today

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Trump has repeatedly ratcheted up his warnings about Democrats wanting to encourage the immigration of violent criminals and rapists. Everything from a massive personal victory to impeachment proceedings is on the table for the US President. Read More »

Iran sanctions: USA grants oil exemptions for several countries

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Pompeo said more than 20 countries have already cut their oil imports from Iran, reducing purchases by more than 1 million barrels per day. "We are standing up to a bullying enemy", said Iranian President Hassan Rouhani . Mr Trump's administration says it wants a new deal with Iran that curbs its interventions around the Middle East and missile programme - demands that have been flatly rejected by Teheran. Read More »

Migrant Caravan Begins To Cross Into Mexico From Guatemala

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Obrador is scheduled to take office on December 1, 2018. Mexican Federal Police officers try to prevent Honduran migrants from crossing the border. President Trump , seizing on what he sees as a vote-winning issue as the mid-term elections approach, has threatened to shut off all access to the United States, using military force if necessary. Read More »

Canada Dairy Industry: New NAFTA a Bad Outcome

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Wisconsin Farm Bureau Federation President Jim Holte said state farmers welcome the new agreement with open arms. The deal will preserve a trade dispute settlement mechanism that Canada fought hard to maintain to protect its lumber industry and other sectors from USA anti-dumping tariffs, United States and Canadian officials said. Read More »

Toomey: US-Mexico Deal Needs Canada On Board For 'Fast Track' Option

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John Barrasso (R-WY), a member of the committee on Energy and Natural Resources, told CNBC that he would "rather not" see a revised NAFTA come to Congress for its approval. The deal must be reviewed by Congress and can not be finalized until at least November. Therefore, it seems to me that Trump has moved hastily to finish these talks because of not wanting to have to speak to another leader. Read More »

Facing new pressures, Canadian negotiators re-enter trade talks with U.S., Mexico

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Canada is also a large importer of corn, Carlson said . In addition, the new deal would expire after 16 years with reviews every six years, a senior us administration official said Monday during a briefing. On the surface, this sounds like something Canada can manage. Another change requires that 40 to 45 percent of auto parts in cars sold must be made by workers earning at least $16 (U.S.) per hour. Read More »

Flipping in criminal cases should be made illegal: Donald Trump

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He declared that while he's attorney general "the actions" of the DOJ " will not be improperly influenced by political considerations". He also said Trump had been "completely cleared". One of the women, Stormy Daniels , is an adult film star who claims she had an affair with Trump in 2006, which he denies. The subpoena was issued one day after Cohen pleaded guilty to violating federal campaign finance laws and claimed he did so at the behest of then-candidate Trump. Read More »

Trump Tells Fox News He Knew About Hush Money Payments ‘Later On’

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Senate in the case of impeachment". "The President of the United States has been directly implicated in federal crimes, and implicated not by some enemy, but by his own personal lawyer", Katyal said . Sources close to the White House have acknowledged to NPR that advisers are "very worried" - or at least ought to be - about the mounting legal troubles swirling around Trump and his former associates. Read More »

Omarosa releases new tape of Trump campaign's 'hush money' offer

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He called her a "crazed, crying lowlife" and a " dog " in a tweet. "You want to put that face on the twenty-dollar bill?" He's been saying shit like this in public for years! The roll out of Manigault Newman's book and some of her critical and unverified observations appear to have rattled the president. Read More »

Online retailer shares pressured by change in United States online tax regime

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The Supreme Court ruled Thursday in South Dakota's favor after the state sued several online retailers in 2016 based on a separate law seeking to get them to collect the tax. So it passed a law requiring all but the smallest retailers, including Internet companies, to collect taxes on the sales they make in the state, even if they had no physical presence there. Read More »

Kim Jong, Trump Commit To Restart Repatriating Remains From North Korea

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Schumer said Trump's meeting with Kim gave "a brutal and repressive dictatorship the worldwide legitimacy it has long craved". A joint declaration after the first meeting between a USA president and a North Korean leader called the summit "an epochal event of great significance in overcoming decades of tensions and hostilities between the two countries and for the opening up of a new future". Read More »