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Monthly Archives: March 2018

Casino mogul Steve Wynn lowers stake in Wynn Resorts to 7.8%

Patrick T. Fallon | Bloomberg | Getty Images Steve Wynn, chairman and chief executive officer of Wynn Resorts Ltd. Steve Wynn, the former chief executive of Wynn Resorts, has lowered his stake in the casino operator to about 7.8 percent from 11.78 percent, a regulatory filing showed on Thursday. Steve …

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Bank of England keeps interest rates on hold

Paul Hackett | Getty Images Pedestrians walk past the Bank of England in the City of London, Britain June 28, 2016. The Bank of England (BOE) kept its main interest rate unchanged Thursday but two policymakers unexpectedly voted in favor of an immediate rate hike, boosting the prospect of rising …

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Best Buy cuts ties with China’s Huawei, source says

Saheli Roy Choudhury | CNBC Huawei’s Mate 10 Pro comes in two colors, mocha brown and midnight blue. Best Buy, the largest U.S. consumer electronics retailer, will cut ties with China’s Huawei Technologies, a person familiar with the matter said, amid heightened scrutiny on Chinese tech firms in the United …

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Singapore wins sixth consecutive title of ‘world’s best airport’

Roslan Rahman | AFP | Getty Images View of the arrival hall at the newly built Changi airport terminal 4 in Singapore on July 25, 2017. Singapore’s Changi Airport has been named “world’s best airport” for the sixth consecutive year — as regional rival Hong Kong came in fourth place. …

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Deere & Co fears a hit from Trump tariffs and retaliation

Daniel Acker | Bloomberg | Getty Images Soft red winter wheat is harvested with a John Deere & Co. combine harvester in aerial photograph taken over Kirkland, Illinois. U.S. tractor maker Deere & Co is bracing for a negative financial impact from U.S. tariffs on steel imports and worries that …

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UK launches cryptocurrency task force as part of fintech strategy

Luke MacGregor | Bloomberg | Getty Images Philip Hammond, U.K. chancellor of the exchequer, speaks at the delayed annual Mansion House speech, usually delivered at the annual Bankers and Merchants dinner, at Mansion House in London, U.K., on Tuesday, June 20, 2017. Britain has unveiled a task force that will …

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Twitter’s chief information security officer is leaving the company

Michael Nagle | Bloomberg | Getty Images The Twitter Inc. logo is seen behind a phone displaying the company’s mobile application. The blue badge with white tick is the sign that an account is verified. Twitter’s chief information security officer is leaving the company, sources familiar with the matter have …

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Peru’s President Pedro Pablo Kuczynski tenders resignation

Mariana Bazo | Reuters Peru’s President Pedro Pablo Kuczynski leaves Government Palace after giving his resignation to Congress in Lima, Peru March 21, 2018. Peru’s President Pedro Pablo Kuczynski announced he had submitted his resignation to Congress on Wednesday after vote-buying allegations ensnared his center-right government on the eve of …

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Google reportedly developing its own blockchain-related product for its cloud platform

Steve Marcus | Reuters A man walks through light rain in front of the Hey Google booth under construction at the Las Vegas Convention Center in preparation for the 2018 CES in Las Vegas, Nevada, January 8, 2018. Alphabet subsidiary Google is getting into the blockchain space to compete with …

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Fed hikes rates and raises GDP forecast again

Andrew Harrer | Bloomberg | Getty Images Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, March 21, 2018. “The economic outlook has strengthened in recent months,” the committee said in its …

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