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News

24 Jun Strike against Macri paralyzes Argentina; banks and grain affected

Posted at 15:16h in News by KMFSLLP 0 Comments

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BUENOS AIRES, June 25 (Reuters) - A strike called by Argentina's largest trade union federation in protest over President Mauricio Macri's market-friendly economic policies brought the country to a standstill on Monday, freezing grains exports and halting banking and public transit.

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24 Jun UK’s top civil servant to take time off for cancer treatment

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Cabinet secretary Jeremy Heywood’s leave comes at key time for Whitehall

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24 Jun UPDATE 2-U.S. Supreme Court backs American Express in merchant fee dispute

Posted at 15:10h in News by KMFSLLP 0 Comments

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WASHINGTON, June 25 (Reuters) - The U.S. Supreme Court on Monday sided with American Express Co and against 11 states, ruling that the company's policy of forbidding merchants from encouraging customers to use rival credit cards with lower fees does not violate federal antitrust law.

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24 Jun Conviction of SAC’s Martoma upheld despite jury instructions

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NEW YORK, June 25 (Reuters) - A divided federal appeals court on Monday upheld the insider trading conviction of Mathew Martoma, a former portfolio manager for billionaire Steven A. Cohen, finding enough evidence to establish guilt despite defective jury instructions.

24 Jun FOREX-Dollar dented by simmering trade worries

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* Commodity-linked currencies slip as oil rally runs out of steam (Adds comments from U.S. Treasury Secretary Mnuchin)

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24 Jun BMW warns Brexit could force UK plant closures

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German carmaker concerned about risk of lengthy customs checks after UK leaves EU

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24 Jun Overseas money stays wary of Turkey after Erdogan win

Posted at 15:01h in News by KMFSLLP 0 Comments

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LONDON, June 25 (Reuters) - Overseas money managers, wary of Turkish assets for months, reckon Sunday's clear win for Tayyip Erdogan will tempt foreign investment back only when he clarifies election pledges to take a tighter personal grip on economic and monetary policy.

24 Jun PayPal launches debit card for its mobile app Venmo

Posted at 15:00h in News by KMFSLLP 0 Comments

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June 25 (Reuters) - PayPal Holdings Inc said on Monday it is launching a debit card for users of its mobile app Venmo in a bid to broaden its reach with younger users.