Category: Economy

2:00PM Water Cooler 11/21/2019

By Lambert Strether of Corrente. Trade “The U.S. portion of the Huawei Technologies Co. supply chain may be reopening. The Trump administration will allow some U.S. suppliers to resume shipping to the Chinese telecom giant easing export restrictions while U.S. negotiators struggle to wrap up the first stage of a trade deal” [Wall Street Journal]. […]

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WRAPUP 2-Netanyahu charged in corruption cases, deepening Israeli political disarray

JERUSALEM (Reuters) – Prime Minister Benjamin Netanyahu was charged with bribery, breach of trust and fraud on Thursday, a criminal indictment that plunged Israel deeper into political disarray. The decision announced by Attorney General Avichai Mandelblit was the first of its kind against a serving Israeli prime minister and represented the gravest crisis in the […]

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UPDATE 2-Saudi Aramco IPO raises 73 billion riyals so far -Samba

FILE PHOTO: Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov RIYADH/DUBAI (Reuters) – Saudi Aramco’s initial public offering (IPO) has attracted approximately 73 billion riyals ($19.47 billion) in institutional and retail orders so far, Saudi Arabia’s Samba Financial Group said on Thursday. Some 1.8 million […]

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UPDATE 1-Senior Christian Democrats rally behind would-be successor to Germany’s Merkel

LEIPZIG, Germany (Reuters) – Senior members of Germany’s ruling party are rallying around their leader, Annegret Kramp-Karrenbauer, before a weekend congress at which she hopes to show she is the right person to succeed Angela Merkel as chancellor. Christian Democratic Union (CDU) party chairwoman Annegret Kramp-Karrenbauer and German Chancellor Angela Merkel arrive for a party […]

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Rio Tinto faces having to renegotiate terms of Mongolian copper project

ULAANBAATAR (Reuters) – Rio Tinto faces renegotiating the terms of an agreement underpinning its Mongolian copper mine project, after lawmakers on Thursday approved plans to revise the deal to make it more beneficial for Mongolia. The Oyu Tolgoi mine, Mongolia’s biggest foreign investment project, has already been subject to delays and ballooning costs, leaving Mongolian […]

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‘Destroyer of Newspapers’ Vulture Fund Buys Majority Stake at Tribune Publishing

Yves here. This is so sad and appears to have gone under the radar due to the impeachment hearings and Democratic party dominating the news yesterday. So many newspapers disappearing or becoming pale shadows of their former selves. By Andrea Germanos, staff writer. Originally published at Common Dreams  (Photo: Rachel Kramer/flickr/cc) Journalists sounded the alarm […]

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WRAPUP 1-U.S. labor market slowing; manufacturing mired in weakness

WASHINGTON (Reuters) – The number of Americans filing applications for unemployment benefits was unexpectedly unchanged at a five-month high last week, suggesting some softening in the labor market. FILE PHOTO: Job seekers and recruiters gather at TechFair in Los Angeles, California, U.S. March 8, 2018. REUTERS/Monica Almeida -/File Photo While other data on Thursday showed […]

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