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Brazil surprised by U.S. move on beef, hopes to revert ban

June 23, 2017 BRASILIA (Reuters) – Brazil’s Agriculture Ministry expressed surprise at the United States Department of Agriculture decision banning imports of fresh Brazilian beef, saying it hopes to reverse the move through negotiations. Brazil’s Deputy Agriculture Minister Eumar Novacki told journalists the problems indicated by the USDA are linked to vaccinations to prevent foot-and-mouth disease, but he said he could not rule out “commercial motivations” for the ban. (Reporting by Marcela Ayres; Writing by Marcelo Teixeira and Tatiana Bautzer; Editing by David Gregorio) Powered by WPeMatico

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No French Open wild card for snubbed Sharapova

May 17, 2017 PARIS (Reuters) – Maria Sharapova’s hopes of a dream return from doping exile to a third French Open crown were shattered on Tuesday when the Russian was surprisingly refused a wild card by organizers. The 30-year-old, who conquered all on the Parisian clay in 2012 and 2014 but whose career was rocked by a 15-month doping ban last year, was widely expected to be fast-tracked into the year’s second grand slam tournament. After only returning to the circuit last month, Sharapova’s ranking, now at 211, was not…

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In travel ban case, U.S. judges focus on discrimination, Trump’s powers

May 15, 2017 By Tom James SEATTLE (Reuters) – U.S. appeals court judges on Monday questioned the lawyer defending President Donald Trump’s temporary travel ban about whether it discriminates against Muslims and pressed challengers to explain why the court should not defer to Trump’s presidential powers to set the policy. The three-judge 9th U.S. Circuit Court of Appeals panel was the second court in a week to review Trump’s directive banning people entering the United States from six Muslim-majority countries. Opponents – including the state of Hawaii and civil rights…

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U.S., China agree to first trade steps under 100-day plan

May 12, 2017 By Ayesha Rascoe and Michael Martina WASHINGTON/BEIJING (Reuters) – The United States and China have agreed to take action by mid-July to increase access for U.S. financial firms and expand trade in beef and chicken among other steps as part of Washington’s drive to cut its trade deficit with Beijing. The deals are the first results of 100 days of trade talks that began last month, when a meeting between U.S. President Donald Trump and Chinese President Xi Jinping proved far more friendly than had been expected…

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U.S., China reach deals on access for beef, financial services

May 12, 2017 By Ayesha Rascoe WASHINGTON (Reuters) – The United States and China will expand trade in beef and chicken and increase access for financial firms, as part of a plan to reduce the massive U.S. trade deficit with Beijing, U.S. Commerce Secretary Wilbur Ross said on Thursday. The deals are the first tangible results of trade talks that began last month after U.S. President Donald Trump and Chinese President Xi Jinping met in Florida to discuss cooperation between the world’s two largest economies. The countries have agreed that…

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U.S. airlines meet with Homeland Security on expanding laptop ban

May 11, 2017 By David Shepardson and Mark Hosenball WASHINGTON (Reuters) – U.S. Homeland Security officials met with major U.S. airlines and a trade group on Thursday to discuss the impact of possibly expanding a ban on large electronic gadgets on planes to flights from some European airports, three sources briefed on the meeting said. The afternoon meeting included high level executives from Delta Air Lines Inc , United Airlines Inc , American Airlines Group Inc and trade group Airlines for America, the sources said. They requested anonymity because they…

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Paytm parent One97 set to raise over $1.8 billion from SoftBank: report

April 28, 2017 (Reuters) – One97 Communications, owner of electronics payments provider Paytm, is set to raise more than 120 billion rupees ($1.87 billion) from Japan’s SoftBank Group , the Economic Times reported on Friday citing sources. The deal will value Noida-based One97 at about $9 billion and provide a 20 percent stake to SoftBank, the report said. (http://bit.ly/2pnWH8l) Moreover, One97 plans to earmark nearly $1 billion to expand its payments business into high growth areas like lending and insurance, the report added. SoftBank declined to comment. Paytm was not…

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U.S. states realign in legal battle over Trump’s travel ban

April 22, 2017 By Dan Levine and Mica Rosenberg SAN FRANCISCO/NEW YORK (Reuters) – President Donald Trump’s travel ban on citizens of six Muslim-majority nations faces its second challenge at a U.S. appeals court next month, and this time more Republican states are backing the measure, while one Democratic state attorney general dropped out of the legal fight this week. Some legal experts say the states’ realignment could signal that the changes made last month to Trump’s original executive order have strengthened the government’s case. Sixteen Democratic state attorneys general…

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India’s Paytm in talks with SoftBank to raise $1.2-$1.5 billion: report

April 19, 2017 (Reuters) – Electronics payments provider Paytm is in talks with Japan’s SoftBank Group to raise $1.2 to $1.5 billion in cash, making the latter one of the largest shareholders in the fintech start-up, Mint newspaper reported on Wednesday citing sources. The deal, which could increase Paytm’s valuation to $7 to $9 billion, will see SoftBank buying some shares from existing Paytm investor SAIF Partners and founder Vijay Shekhar Sharma beside investing money in the company, the report said. (http://bit.ly/2oK3j27) Local media had reported recently that SoftBank is…

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U.S. FCC chair wants to end effort to allow cellphone use in air

April 10, 2017 By David Shepardson WASHINGTON (Reuters) – The chairman of the Federal Communications Commission said on Monday he is proposing to end a 2013 regulatory proceeding that had sought to lift the ban on mobile phones on U.S. airlines. The FCC said in 2013 that it would consider allowing air travelers to make mobile phone calls but never finalized it. “I stand with airline pilots, flight attendants, and America’s flying public against the FCC’s ill-conceived 2013 plan to allow people to make cellphone calls on planes. I do not…

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