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Monthly Archives: January 2018

Positive contact with Saudi Arabia will continue beyond OPEC deal

Omar Marques | Anadolu Agency | Getty Images Russia Energy Minister Alexander Novak pictured at a joint press conference during the 173rd Ordinary Meeting of the Organisation of Petroleum Exporting Countries (OPEC) in Vienna, Austria on November 30, 2017. Nonetheless, while the two countries appear poised to work together to …

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US trade deals need to be modernized for digital future: IBM’s Rometty

Adam Galica | CNBC Ginni Rometty, Chairman, president and CEO of IBM at the 2018 WEF in Davos, Switzerland. Rometty said she’s “a strong supporter of free and fair trade everywhere over the world” given that IBM is in 170 countries. A handful of U.S. companies, including IBM, account for …

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Ex-national security advisor Flynn met FBI agents in the West Wing

Jonathan Ernst | Reuters Former U.S. National Security Adviser Michael Flynn departs U.S. District Court, where he was expected to plead guilty to lying to the FBI about his contacts with Russia’s ambassador to the United States, in Washington, U.S., December 1, 2017. President Donald Trump’s former national security advisor, …

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iQOS meeting big moment for Philip Morris International and Altria

Akio Kon | Bloomberg | Getty Images The Philip Morris International Inc. iQOS electronic cigarette, including packs of Marlboro HeatStick. The company has already launched iQOS in more than 30 markets, including Japan, where it has become wildly popular. Analysts see an enormous opportunity for iQOS the U.S. The Centers …

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Billionaire Howard Marks says ‘easy money has been made’ in the market, don’t chase it

Victor J. Blue | Bloomberg | Getty Images Oaktree Capital Management co-founder and Chairman Howard Marks speaks during an interview in New York, Sept. 5, 2014. Howard Marks believes investors should be “defensive” due to high valuations and avoid betting for a runaway market. “I’m convinced the easy money has …

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Japan tells UN of North Korean tanker suspected of sanctions busting

Reuters A combination of photos, released by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), show what they describe as an attempt by North Korean ship Rye Song Gang 1 to conduct a ship-to-ship transfer, possibly of oil, in an effort to evade sanctions on October …

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Stellar jumps 20% after Stripe says it may add support for the digital coin

Digital currency stellar soared 20 percent Wednesday after online payments company Stripe said it may add support for the cryptocurrency. Stellar, or XLM, climbed to about 58.96 cents, up 21.2 percent on the day, according to CoinMarketCap. That gave the digital currency a market value of about $10.3 billion, making …

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Intel could break out on earnings, here’s how to trade it

Chipmaker Intel reports earnings on Thursday, and that has Todd Gordon of TradingAnalysis.com betting on a breakout for the stock. “Intel has been consolidating here in November, December and into 2018,” Gordon said Tuesday on CNBC’s “Trading Nation.” “I think it’s high time that Intel continues on up in the …

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Mexico’s finance minister isn’t worried about a ‘plan B’ for NAFTA

Chris Wattie | Reuters Mexico’s Economy Minister Ildefonso Guajardo (L-R), Canada’s Foreign Minister Chrystia Freeland and U.S. Trade Representative Robert Lighthizer arrive for a trilateral meeting during the third round of NAFTA talks involving the United States, Mexico and Canada in Ottawa, Ontario, Canada, September 27, 2017. Mexico’s Finance Minister …

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James Comey was interviewed by special counsel Mueller

Jonathan Ernst | Reuters Former FBI Director James Comey testifies before a Senate Intelligence Committee hearing on Russia’s alleged interference in the 2016 U.S. presidential election on Capitol Hill in Washington, U.S., June 8, 2017. James Comey, the former F.B.I. director fired by President Donald Trump last year, has been …

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