Swiss voters approve tax overhaul – TV projections

ZURICH, May 19 (Reuters) – Swiss voters easily approved on Sunday a shake-up of the country’s corporate tax system, heading off what its finance minister had called an existential threat to Switzerland’s role as a business hub, projections for Swiss broadcaster SRF showed. The projections from the gfs.bern polling outfit saw the measure passing in the binding referendum by a […]

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Placing my bets on the New Jersey sports gambling craze

Dear John: Legal betting isn’t so good for any serious gambler who mostly wins. I did approximately 1,500 college basketball bets this winter/spring using picks from an analytics service that I paid for. These bets were typically between $200 to $500 each, not counting the 10 percent (sometimes 5 percent, sometimes 15 percent) bookmaker’s cut. I won about 56 percent […]

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Tourism Saskatoon excited for potential growth with WestJet buyout

With the winds changing for Canada’s two largest airlines, Tourism Saskatoon is thinking this could be a chance for a potential boost in tourism dollars for local businesses. Its president and CEO is hoping changes will see more routes added to Saskatoon, giving locals and tourists more options when it comes to travelling. Related Kelowna, Saskatoon airports receive federal funding […]

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China's tough rhetoric leaves trade talks with U.S. in limbo

WASHINGTON/BEIJING (Reuters) – China struck a more aggressive tone in its trade war with the United States on Friday, suggesting a resumption of talks between the world’s two largest economies would be meaningless unless Washington changed course. The tough talk capped a week that saw Beijing unveil fresh retaliatory tariffs, U.S. officials accuse China of backtracking on promises made during […]

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Illinois governor eyes $41.5 billion plan to rebuild state's infrastructure

CHICAGO (Reuters) – Illinois would spend $41.5 billion over six years to rebuild roads, bridges, schools and other facilities that have fallen into “dire shape,” under a preliminary plan floated by Governor J.B. Pritzker on Friday. The Democratic governor’s plan, which was distributed to lawmakers and seen by Reuters, would be funded in part with $17.8 billion of bonds even […]

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EMERGING MARKETS-Latam FX drops, Brazil's real clocks 8-month closing low

(Recasts throughout, updates prices, adds quotes by market strategist and broker) By Aaron Saldanha May 17 (Reuters) – Latin American currencies softened on Friday against a robust dollar amid rising U.S.-China tensions, with Brazil’s real facing intense selling pressure as investors’ concerns about growth in Latin America’s top economy gathered steam. A commentary in the Chinese Communist Party’s People’s Daily […]

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UPDATE 1-Speculative U.S. 10-year T-note net shorts hit six-month peak -CFTC

* Speculative ultra bond net shorts hit record high * Speculators raise Eurodollar net longs to most since Oct 2015 (Adds background, details) May 17 (Reuters) – Speculators’ net bearish bets on U.S. 10-year Treasury note futures rose earlier this week after China and the United States increased tariffs on each other’s goods, according to Commodity Futures Trading Commission data […]

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Trump tariffs: How the trade wars are affecting manufacturing jobs and pay

With the U.S.-China trade war intensifying, there is a lot of talk about whether tariffs save American jobs — as President Donald Trump claims — or destroy them. On May 14, for example, Trump said his tariffs helped save the U.S. steel industry. Whether or not that’s true, many economists and industry organizations argue trade protectionism is actually hurting workers […]

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