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approval Brazil Congress Economy month Top News 

Brazil predicts approval for fiscal targets on Aug. 29 after budget compromise

August 23, 2017 BRASILIA (Reuters) – Brazil’s government expects Congress to approve its new fiscal targets on Aug. 29 after reaching an agreement with legislators to rescind some presidential vetoes to a budget law, a government coalition leader in Congress said on Tuesday. President Michel Temer vetoed 67 parts of the 2018 budgetary guidelines bill earlier this month, angering lawmakers who will be responsible for approving the softer budget targets and an ambitious agenda of economic reforms later this year. The compromise illustrates Temer’s efforts to keep his coalition united…

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approval Entertainment judge Michael Jackson Pennsylvania Top News 

Pennsylvania judge delays Cosby sex assault retrial till March

August 22, 2017 By Joseph Ax NORRISTOWN, Pa. (Reuters) – Comedian Bill Cosby’s retrial on charges of sexually assaulting a former Temple University administrator in 2004 at his Philadelphia-area home will be postponed from November to March of next year, a judge said on Tuesday. Montgomery County Court of Common Pleas Judge Steven O’Neill said the move will give Cosby’s new defense team enough time to prepare. Cosby’s first trial ended in a mistrial in June after more than 50 hours of jury deliberation failed to yield a unanimous verdict…

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approval Economy Eric Walsh Editing Joint Committee Top News U.S. 

U.S., South Korea to start talks Tuesday in Seoul on trade pact

August 17, 2017 WASHINGTON (Reuters) – The United States plans to start negotiations with South Korea on Tuesday in Seoul on amending a five-year-old free trade agreement, U.S. Trade Representative Robert Lighthizer said on Thursday. Lighthizer announced plans on July 12 for the special session meeting of the Joint Committee under the U.S.-Korea (KORUS) Free Trade Agreement, months after U.S. President Donald Trump said he would either renegotiate or terminate what he called a “horrible” trade deal. Lighthizer and South Korean Trade Minister Kim Hyun-chong will open the meeting via…

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approval Boring Company government New York Tech Top News 

Musk touts approval of New York-Washington ‘hyperloop’

July 21, 2017 SAN FRANCISCO/WASHINGTON (Reuters) – Tech entrepreneur Elon Musk on Thursday said he had received “verbal” approval to start building an ultra-high-speed underground transport system linking New York and Washington that would cut travel time between the cities to about half an hour. He offered no details on what entity had greenlighted the project that could result in the world’s longest tunnel. Musk, the chief executive of electric car maker Tesla Inc and rocket company SpaceX, is seeking to revolutionize transportation by sending passengers and cargo packed into…

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Amazon Pantry approval Business India Venture-funded Flipkart 

Amazon wins India’s approval to invest in domestic food retail

July 11, 2017 By Sankalp Phartiyal MUMBAI (Reuters) – Online retail giant Inc has secured approval to stock and sell food and groceries in India, potentially expanding its business in the fast-growing economy where it is in a pitched battle with home-grown rival Flipkart. Amazon confirmed winning government approval for its plan to sell food products, but it declined to provide further details. Separately, a source familiar with the matter said Amazon planned to invest $500 million in the food segment, over and above the $5 billion it had…

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approval Business General Electric gun Japan Canon 

EU charges Merck KGaA, GE, Canon over merger rules

July 6, 2017 By Foo Yun Chee BRUSSELS (Reuters) – General Electric , German drugmaker Merck KGaA , and Japan’s Canon risk hefty fines after EU antitrust regulators accused them of providing misleading information during separate merger deals. The European Commission said on Thursday that it had sent three separate charge sheets known as statements of objections to General Electric, Merck KGaA and Canon after investigations showed breaches of the bloc’s merger rules. While the charges will not affect the EU approvals of the deals, they could lead to fines…

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American Airlines approval Business Dublin month 

Qatar Airways aims to start buying American Airlines shares ‘soon’

July 6, 2017 By Conor Humphries DUBLIN (Reuters) – Qatar Airways Chief Executive Akbar al-Baker said on Thursday the Doha-based carrier would soon start buying shares in American Airlines “depending on the share price.” The state-owned company notified American Airlines last month that it was interested in buying up to 10 percent of its shares. Al-Baker told reporters in Dublin that Qatar Airways would buy up to 4.75 percent, despite a cool response given last month by the American Airlines CEO to its plan, once it has regulatory approval. (Writing…

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approval Business China HSBC 

HSBC ends 20-month wait for China securities JV approval

June 30, 2017 LONDON (Reuters) – HSBC has won Chinese approval for its investment banking joint venture with a local state-backed fund, ending a twenty-month wait for a decision that will allow it to begin expanding its business in the world’s second largest economy. HSBC’s partnership is with the state-backed Qianhai Financial Holdings Co and is majority-owned by the British bank, in contrast with most other Sino-foreign investment banking partnerships where the Chinese partner retains control. The partnership is a key part of the bank’s ambition to grow annual profits…

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approval Business Rite Aid Corp United States 

Walgreens scraps Rite Aid merger, will instead buy half its stores

June 29, 2017 By Siddharth Cavale and Diane Bartz (Reuters) – Drugstore chain Walgreens Boots Alliance Inc scrapped its deal to buy Rite Aid Corp after failing to win antitrust approval, but said it would instead buy nearly half of the smaller rival’s U.S. stores for $5.18 billion. Rite Aid’s shares plunged about 28 percent to $2.85, while Walgreens shares were up 1 percent at $77.97. Walgreens also ended a related deal to sell as many as 1,200 Rite Aid stores to Fred’s Inc , sending Fred’s shares down 19…

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approval Business Friday Yomiuri report 

Toshiba willing to talk with spurned Western Digital about chip unit sale

June 23, 2017 By Makiko Yamazaki TOKYO (Reuters) – Toshiba Corp said it was open to talks with Western Digital Corp in their dispute over the sale of the Japanese conglomerate’s prized chip unit – an apparent olive branch after it chose another suitor as preferred bidder. The two have been feuding bitterly and Western Digital, which jointly runs Toshiba’s main semiconductor plant, has sought a U.S. court injunction to prevent any deal that does not have its consent. The softer tone from Toshiba comes on a day of further…

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