Category: Economy

UPDATE 2-Facebook called before U.S. Senate panel over digital currency project

FILE PHOTO: A 3-D printed Facebook logo is seen on representations of the Bitcoin virtual currency in this illustration picture, June 18, 2019. REUTERS/Dado Ruvic/Illustration WASHINGTON (Reuters) – Facebook Inc’s plans to create a global cryptocurrency will face scrutiny from the U.S. Senate Banking Committee on July 16, the latest sign that policymakers around the […]

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UPDATE 2-Governor wants Pennsylvania to join greenhouse gas reduction program

(Reuters) – Democratic Pennsylvania Governor Tom Wolf asked Republican lawmakers on Tuesday to authorize the state to join a program to reduce greenhouse gas emissions in several Northeastern U.S. states, according to a report from the Associated Press. An analyst at Height Capital Markets in Washington said on Wednesday that discussion on the market-based Regional […]

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U.S. House Democrats ask Marathon Petroleum to detail White House talks on vehicle rules

WASHINGTON, June 19 (Reuters) – Three key U.S. House of Representatives Democrats on Wednesday asked Marathon Petroleum to disclose any communications between the White House and federal agencies on the Trump administration’s proposal to freeze fuel efficiency standards at 2020 levels through 2026. Energy and Commerce Committee Chairman Frank Pallone and two subcommittee chairs asked […]

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Deutsche Bank faces investigation for potential money-laundering lapses -NYT

FILE PHOTO: The Deutsche Bank headquarters are seen in Frankfurt, Germany October 29, 2015. REUTERS/Kai Pfaffenbach/File Photo (Reuters) – U.S. federal authorities are investigating whether Deutsche Bank AG complied with laws meant to stop money laundering and other crimes, the New York Times reported on Wednesday, citing seven people it said were familiar with the […]

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UPDATE 2-UAW opposes Trump proposal to freeze fuel rules at 2020 levels -testimony

WASHINGTON (Reuters) – The United Auto Workers (UAW) will tell Congress on Thursday the union opposes the Trump administration’s proposal to freeze fuel efficiency requirements at 2020 levels through 2026, according to written testimony. The UAW’s legislative director, Josh Nassar, will tell two subcommittees of the U.S. House Energy and Commerce Committee that the union, […]

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UPDATE 1-Trans Mountain oil pipeline expansion may start in September

CALGARY, Alberta/WINNIPEG, Manitoba (Reuters) – Construction on expanding the Trans Mountain oil pipeline could begin in September, assuming the next regulatory steps go smoothly, the project’s chief executive said on Wednesday. Steel pipe to be used in the oil pipeline construction of the Canadian government’s Trans Mountain Expansion Project lies at a stockpile site in […]

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Canada Finance Minister says permitting work on Trans Mountain oil pipeline underway

CALGARY, Alberta, June 19 (Reuters) – Work to obtain building permits for the Trans Mountain oil pipeline started on Wednesday, Canadian Finance Minister Bill Morneau said, a day after the federal government approved the contentious expansion project despite widespread opposition. Once complete, the project will triple the capacity of the Trans Mountain pipeline, which carries […]

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2:00PM Water Cooler 6/19/2019

By Lambert Strether of Corrente. Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51 “They had one weapon left and both knew it: treachery.” –Frank Herbert, Dune “2020 Democratic Presidential Nomination” [RealClearPolitics] (average of five polls). As of June 18: Biden up 32% (31.5%) and […]

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