• IMF leader cites 'historic milestone' for China

    IMF leader cites 'historic milestone' for China

    The IMF on Friday announced the launch of the new SDR basket including the yuan, effective from Saturday, saying it was a "historic milestone" for China, the IMF and the global monetary system. The inclusion of the yuan, the world's fifth most widely used currency, marks the first time the fund has adopted a new currency to what it calls the Special Drawing Right valuation basket since the euro was added in 1999.

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  • Stocks decline, hurt by declines in banks; Waiting for Fed

    Stocks decline, hurt by declines in banks; Waiting for Fed

    In 2014, U.S. bank Citigroup settled a probe into mortgage-backed securities for $7bn (£5bn) while in a similar case this year, Goldman Sachs agreed to pay $5bn (£4bn). The DOJ made no public comment on these negotiations. The news of the fine, first reported by the Wall Street Journal, hit Deutsche Bank shares which dropped by almost 9 per cent in late trading.

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  • Walt Disney could swoop for Twitter, reports say

    Walt Disney could swoop for Twitter, reports say

    Now, say Salesforce .com becomes the new owner of Twitter , Twitter's direction might turn towards focusing on customer service communications while mining its database of tweets for business intelligence. Twitter partnered with the latter on its baseball live-streams, but that's not where the Disney connection ends. There are four possible buyers of Twitter namely Salesforce , Verizon , Google and Microsoft.

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  • Clinton won first debate

    Clinton won first debate

    Better yet for her , a Democratic pollster found "she made significant leaps with unmarried white women and white working-class voters in terms of both favorability and voter preference" - key voting groups with which she needs to make better in-roads.

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  • Trump foundation was never certified to receive donations

    Trump foundation was never certified to receive donations

    Watchdogs and congressional Democrats have asked the Justice Department and the Internal Revenue Service to investigate , and New York Attorney General Eric Schneiderman has already launched a probe. The money was deposited in the Trump Foundation. Donald Trump raised a few eyebrows Sunday, when asked during an interview on " Full Measure With Sharyl Attkisson " if he was confident that the foundation has followed all charitable rules and laws.

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  • Govt has to decide who will be allowed to work here: Saif

    Govt has to decide who will be allowed to work here: Saif

    Subhash Chandra, Chairman of Zee Entertainment and Essel Group also stuck in this wave, in which he will not telecast Pakistani Content rather he will revamp the shows. ". The filmmaker, who during the screening of a short film announced that he has roped in Fawad for the Salman Khan production, now completely denies saying so.

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  • INEC: Godwin Obaseki Is Edo State Governor-Elect

    Its candidate in the election, Ize-Iyamu described the result as a "rape on democracy". "The said official is under the control of the Resident Electoral Commissioner (REC) from one of the neighbouring states and their activities is being coordinated by an INEC National Commissioner"'he said.

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  • 'Magnificent Seven' rides Denzel's star power to $35M debut

    The film is a remake of a remake, basically: Antoine Fuqua's star-studded 2016 version is an update of the 1960 Western that put a spin on Akira Kurosawa's epic Seven Samurai . It has earned a dazzling $21.9 million in the United Kingdom. Costing almost $90 million, " Magnificent Seven " benefited from a draw of young audiences, thanks to Pratt and Washington, as well as fans of the older flick.

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  • Wells Fargo CEO to face lawmakers with better defense

    Wells Fargo CEO to face lawmakers with better defense

    But it's tough to feel bad for someone who would stand to make double that even if he was sacked. Additionally, the bank announced former retail-banking head Carrie Tolstedt has left the company and is forfeiting outstanding stock awards worth about $19 million.

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  • Nikkei falls on strong yen; USA presidential debate in focus

    If we can break down below there, it's likely that we would continue to go much lower, at least until the Bank of Japan got involved. The dollar edged down 0.1 percent to 100.89 yen, while the euro inched up 0.1 percent to $1.1238.Underpinning the greenback, Boston Fed President Eric Rosengren said on Friday that he believed USA short-term interest rates should be raised now and warned a decline in the jobless rate below its long-run sustainable level could derail economic recovery.Investors ...

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  • Dollar, yen weaker as markets weigh Fed, BoJ moves

    Dollar, yen weaker as markets weigh Fed, BoJ moves

    The S&P 500 index added 14 points, or 0.7%, to finish at 2,177. The S&P 500 index showed 26 new 52-week highs and no new lows, while the Nasdaq recorded 80 new highs and three new lows. Stocks are opening higher on Wall Street as energy stocks rise along with the price of crude oil. The Dow Jones industrial average fell 37.63 points, or 0.2 per cent, to 18,354.83, the S&P 500 lost 5.35 points, or 0.25 percent, to 2,171.83 and the Nasdaq composite dropped 12.30 points, or 0.23 per ...

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  • Watch the Trailer for Justin Timberlake's Netflix Concert Film

    Watch the Trailer for Justin Timberlake's Netflix Concert Film

    Personally, I always like when a performer tackles a cover song when they're on tour, so I hope he's got something like that in this documentary. It's directed by Hollywood legend Jonathan Demme ( Silence of the Lambs ), so you can expect some ravishing cinematography to go along with JT's moves.

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  • 'Desecration': Protest against bulldozing of Native American burial grounds for Dakota pipeline

    That appeal came amid allegations by former construction workers this summer that the oil pipeline was not properly inspected before it placed beneath Lake Sakakawea. The lawsuit alleged that the pipeline, which would be placed less than a mile upstream of the reservation, could impact drinking water for more than 8,000 tribal members and millions who rely on it downstream.

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  • You are here: HomeCBOE to buy Bats for $3.2bn

    You are here: HomeCBOE to buy Bats for $3.2bn

    CBOE Chief Executive Edward Tilly will lead the combined company and CFO Alan Dean will be the finance head. The acquisition of Bats will push CBOE's market capitalization to about $9 billion, near rival Nasdaq's $11.5 billion value. These changes will be effective immediately upon closing. The exchange will be headquartered in Chicago, and will maintain offices in Kansas City, New York and London.

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  • Cruz and Kasich: One endorses Trump, the other stays silent

    The senator, who drew ire at the Republican National Convention (RNC) in July for not endorsing Trump, said electing Democratic nominee Hillary Clinton would be " wholly unacceptable ". But is seems that Ted Cruz has let the past in the past and is ready to begin a friendly political campaign next to Donald Trump by announcing his support for the Republican candidate and sharing the hashtag #NeverHillary.

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  • Wall Street extends Fed-fuelled rally; Nasdaq hits new high

    Raising rates slightly and gradually, said, could prevent overheating in the labor market and allow the recovery to continue longer than otherwise. At a press conference following the announcement, Chairwoman Janet Yellen said that given current economic conditions, the cautious approach is more appropriate because it is easier to raise rates than cutting them later if economic indicators soften.

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  • Pfizer abandons plan to split into two companies

    Pfizer abandons plan to split into two companies

    This pharma giant has decided against this move, ultimately determining this is not the best course of action to maximize future shareholder value. Chances of the breakup actually taking place began to fade over the summer due in part to rising sales for key new drugs from Pfizer and rising prospects for its drugs under development.

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  • Disney working with adviser on possible Twitter bid

    Disney working with adviser on possible Twitter bid

    A source told Reuters that Inc is also in pursuit. Is TWITTER being fitted for a pair of Mouse ears? Other social media platforms like Facebook and Snapchat are consistently gaining in popularity, which ultimately means their cash flow is soaring.

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  • OPEC members may hold extraordinary meeting on consensus at Algiers

    Barkindo has said the group is not seeking a definite price range for oil but stability for the market. NEW YORK , Sept 19 (Reuters) - Oil rallied on Monday before settling off its highs on skepticism over Venezuela's bid to talk up a potential OPEC output freeze and on indications USA crude stockpiles had risen last week.

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  • Global stocks rise after Fed holds off interest rate hike

    THE QUOTE: In the last two weeks, a few Fed leaders gave different opinions on whether the central bank should raise interest rates now. As the Fed isn't expected to hike rates on Wednesday, investors will focus on the so-called dot plot, which charts policy makers' projections for future interest rates, said Casey Clark, vice president of investment strategy at Glenmede.

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  • North Korea Could 20 Nuclear Bombs by the End of 2016

    Following the North's missile and nuclear provocations , South Korean President Park Geun-Hye called for strong and effective actions against North Korea's threats and said that a US anti-missile defense system is needed in order to protect the country and its citizens from potential nuclear and missile attacks from the North.

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  • Watch President Obama Help George W. Bush With His Selfie

    First lady Michelle Obama and former President George W. Bush shared a warm hug on Saturday while attending a ceremony to commemorate the opening of the National Museum of African American History and Culture. Bush called the museum a symbol of the country's "commitment to truth". "For we, too, are America". If watching Bush fail to take a selfie only to have Obama snap a photo gets more people to this museum, then by all means, keep on snapping.

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  • Hillary Clinton Proposes 65% Tax on Largest Estates

    Hillary Clinton Proposes 65% Tax on Largest Estates

    Trump has proposed completely eliminating the estate tax, a levy on assets being passed to heirs when someone dies. The estate-tax increase and other new proposals that Mrs. "We want to make sure we're meeting the secretary's core goals of paying for our priorities", said Mike Shapiro, an economic policy advisor for Clinton.

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  • Aguero double leads Man City past Swansea

    Aguero double leads Man City past Swansea

    Swansea leveled matters a few minutes later when a slip from Bacary Sagna allowed Fernando Llorente to slam a volley from the edge of the area. 1-1. Minutes later City's midfielder Fernandinho struck a shot from distance that took a deflection and went for a corner. Lets just say, they enjoy having him back! Sergio Aguero has scored nine goals in five games for Manchester City in all competitions this season.

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  • Snapchat's first hardware product is a $130 connected sunglasses

    It has been integrated into the sunglasses, which will be available in three different colours. Snapchat , which announced it was changing its name to Snap Inc, plans to roll out Spectacles slowly. The lens was created to be wider than smartphone cameras, more closely mirroring the natural view of human eyes. As a result, the company is also expanding themselves as Snap, Inc ., the newly christened name of the now tech-focused company.

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  • Rob Kardashian Shares Sweet Message for Future Daughter, Reposts Sonogram

    Yesterday Chyna sent fans into a spin when she posted a throwback picture from when her son King Cairo was born which fans confused as an announcement for the birth of her daughter who is due in November. Sources close to Rob and Chyna tell TMZ . the couple had a heated argument about the sexually suggestive lyrics in Game's diss track, "92 Bars".

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  • New BBC Charter a missed opportunity, Scottish Government claims

    New BBC Charter a missed opportunity, Scottish Government claims

    Britain's public broadcaster, the BBC, will soon come under the watchful eye of Ofcom like every other media channel in the country, Culture Secretary Karen Bradley confirmed after publishing the Beeb's new draft charter . Until now, the BBC Trust and a commercial auditor, most recently EY, have been responsible for the financial auditing of the BBC. - The charter will run for 11 years, with a "health check" at the half-way mark.

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  • Company restarts gasoline pipeline after leak in Alabama

    Company restarts gasoline pipeline after leak in Alabama

    Officials from Colonial Pipeline have provided a statement which claims that the pipeline reopened on the evening of 21 September. A sharp spike in gasoline prices in the South that followed a gasoline pipeline leak could end soon. Once service is restored on Line 1, residents will see supplies return to normal after several days after fuels moving by pipeline have traversed the region.

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  • New York governor: Corruption allegations 'reprehensible'

    New York governor: Corruption allegations 'reprehensible'

    Cuomo immediately stripped SUNY Polytechnic Institute of its management of projects in Buffalo, Rochester, Syracuse and Utica. Percoco and Kaloyeros have maintained their innocence. "It's the first time since we lost my father that I didn't mind him not being here yesterday, because it would have broken his heart", he said of the charges agains Percoco.

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  • Tesla Sues Over Michigan Sales Ban

    Tesla Sues Over Michigan Sales Ban

    Through the Class A license, the company would have been able to open its own dealership in MI from where people could buy its vehicles. The case highlights the following officials as defendants: Michigan Governor Rick Snyder, the Secretary of State Ruth Johnson, and the Attorney General Bill Schuette.

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  • Apple is reportedly in talks to buy auto maker McLaren

    Apple is reportedly in talks to buy auto maker McLaren

    Short of a buyout, sources say that Apple is also considering a strategic investment in the conglomerate, similar to the $1 billion it pumped into Chinese ride-hailing outfit Didi Chuxing this year. With McLaren under its hood, Apple would have a loss-making machine on its hands. According to recent rumours, the company has been working on a successor to the vaunted McLaren P1.

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  • Leon Cooperman's Hedge Fund with $5.4 bln AUM Charged with Insider Trading

    Leon Cooperman's Hedge Fund with $5.4 bln AUM Charged with Insider Trading

    The SEC said one key strategy behind Cooperman's investing success was "to accumulate large positions in publicly-traded companies and develop close relationships with those companies' senior executives". Today the SEC charged Cooperman and his fund with insider trading, marking an escalation in his long-running public battle with the regulator. Cooperman on July 27, 2010 sent an email to a family member saying "good news on Atlas Pipeline", explaining that the Elk City operation was sold, ...

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  • Dakota Access Opponents Unsuccessfully Call for Congressional Hearing

    SANDUSKY, Iowa (AP) - Opponents of a major oil pipeline say roughly 40 people have been arrested during a public demonstration along the project's route in southeast Iowa. The indigenous American Sioux group at the nearby Standing Rock reservation are protesting against the construction. Native American communities fear the detrimental impact the pipeline would have on their land and way of life.

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