Bank staff flagged Trump, Kushner transactions for watchdog: NYTimes

WASHINGTON (Reuters) – Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, the New York Times reported on Sunday. The newspaper, citing five current and former Deutsche Bank employees, said executives at the German-based bank, […]

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Canada vows 'full steam ahead' on ratifying trade pact after U.S. lifts metals tariffs

OTTAWA (Reuters) – Canada will move quickly to ratify the new North American trade pact, Foreign Minister Chrystia Freeland said on Saturday, a day after the United States agreed to lift tariffs on Canadian steel and aluminum. U.S. President Donald Trump had imposed the global “Section 232” tariffs of 25% on steel and 10% on aluminum in March 2018 on […]

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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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U.S. House tax chairman sees court fight over Trump's returns

WASHINGTON (Reuters) – A top House Democrat edged the U.S. Congress closer to a legal fight with President Donald Trump over its investigations of him, saying on Friday he would rather appeal to the courts than pursue contempt charges if Trump’s tax returns are not released. The Treasury Department was expected to disregard a Friday deadline imposed by House tax […]

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Global shares rocky, yuan weakens as global trade talk shakes markets

NEW YORK (Reuters) – A major global stocks index fell modestly on Friday while the Chinese yuan weakened as persistent global trade tensions hovered over financial markets. Geopolitical concerns also spiked on news that talks regarding Britain’s split with the European Union had faltered, putting pressure on the British pound. MSCI’s gauge of stocks across the globe shed 0.25%, but […]

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Asia shares shudder as Beijing talks tough

SYDNEY (Reuters) – Asian shares suffered a fresh bout of the shakes on Friday as tough words on trade from China’s media drowned out upbeat news on the U.S. economy and corporate earnings. Shanghai stocks led the way into the red amid the growing fallout from President Donald Trump’s move to block China’s Huawei Technologies from buying vital American technology. […]

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China evokes patriotism, past wars as trade conflict with U.S. heats up

BEIJING (Reuters) – The trade war with the United States will only make China stronger and will never bring the country to its knees, the ruling Communist Party’s People’s Daily wrote in a front-page commentary that evoked the patriotic spirit of past wars. Beijing has yet to say whether or how it will retaliate to the latest escalation in trade […]

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Asian shares feeling blue as Shanghai turns red

SYDNEY (Reuters) – Asian shares were struggling to end a bleak week in the black on Friday as upbeat U.S. economic news and solid company earnings offered only a fleeting respite from the interminable Sino-U.S. trade dispute. Shanghai stocks slipped amid the fallout from President Donald Trump’s move to block China’s Huawei Technologies from buying vital American technology. The Communist […]

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Bayer bets on 'silver bullet' defense in Roundup litigation; experts see hurdles

NEW YORK (Reuters) – Bayer AG plans to argue that a $2 billion jury award and thousands of U.S. lawsuits claiming its glyphosate-based weed killer Roundup causes cancer should be tossed because a U.S. regulatory agency said the herbicide is not a public health risk. Some legal experts believe Bayer will have a tough time convincing appellate courts to throw […]

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