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Taiwan’s Foxconn to build three ancillary facilities as part of Wisconsin LCD campus

August 21, 2017 TAIPEI (Reuters) – Taiwanese electronics manufacturer Foxconn on Monday said it plans to build three facilities in the U.S. state of Wisconsin for operation as early as next year, as part of a campus housing a $10 billion liquid crystal display (LCD) factory due for 2020. Foxconn, which makes electronics under contract for clients such as Apple Inc , announced its $10 billion plan at the White House in July, saying the LCD plant would occupy 1,000 acres in the state’s south east. Foxconn, formally Hon Hai…

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Australia proposes stronger money laundering rules, includes bitcoin

August 17, 2017 SYDNEY (Reuters) – Australia announced a bill on Thursday to strengthen its money laundering laws, including bringing bitcoin providers under the remit of AUSTRAC, the government’s financial intelligence unit. This would be the first stage of reforms to strengthen the country’s Anti-Money Laundering And Counter Terrorism Financing Act, Minister of Justice Michael Keenan said in a press release. The bill also aims at bolstering AUSTRAC’s investigation and enforcement powers, just days after the agency accused the Commonwealth Bank of Australia of “serious and systemic” breaches of money…

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U.S. House panel approves broad proposal on self-driving cars

July 19, 2017 By David Shepardson WASHINGTON (Reuters) – A U.S. House panel on Wednesday approved a sweeping proposal by voice vote to allow automakers to deploy up to 100,000 self-driving vehicles without meeting existing auto safety standards and bar states from imposing driverless car rules. Representative Robert Latta, a Republican who heads the Energy and Commerce Committee subcommittee overseeing consumer protection, said he would continue to consider changes before the full committee votes on the measure, expected next week. The full U.S. House of Representatives will not take up…

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U.S. stock futures flat as investors gauge big companies’ earnings

July 18, 2017 By Tanya Agrawal (Reuters) – U.S. stock index futures were little changed on Tuesday as investors waited for earnings from big U.S. companies to set the tone for the markets. Shares of UnitedHealth Group rose 1.8 percent in premarket trading after the largest U.S. health insurer’s quarterly profit beat expectations and it raised its earnings forecast. Johnson and Johnson rose 1 percent after the pharma company’s quarterly revenue grew from a year ago. The healthcare sector will be under scrutiny after the Republican healthcare bill to replace…

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Your Money: Smiley faces ease the pain of asking friends for money

July 10, 2017 By Maria Caspani NEW YORK (Reuters) – Asking friends or family for money can be awkward, but when you can do it with a smiley face and a winged dollar bill, it seems to make it better. Hence the rise of Venmo, a digital payment service owned by PayPal that allows consumers to send and receive payments regardless of what device, bank or operating system they use. It helps soften the oftentimes uncomfortable request by replacing the cold language of transactions with colorful visuals. While there are…

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Illinois lawmakers override vetoes to enact first budget in two years

July 7, 2017 By Karen Pierog and Dave McKinney CHICAGO (Reuters) – Illinois ended its historic budget drought on Thursday after the House of Representatives enacted the state’s first complete spending plan since 2015 by overriding the governor’s vetoes. But the $36 billion fiscal 2018 budget and $5 billion tax hike may not save Illinois from becoming the first-ever U.S. state with a junk credit rating. The Democratic-controlled House mustered some Republican votes to enact a trio of budget and revenue bills into law over Republican Governor Bruce Rauner’s objection….

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Wall St. higher as banks rise; ECB comment reassessed

June 28, 2017 (Reuters) – Wall Street opened higher on Wednesday as financial stocks rose and after a report that investors overreacted to ECB chief Mario Draghi’s view on fiscal stimulus. The Dow Jones Industrial Average rose 111.82 points, or 0.52 percent, to 21,422.48. The S&P 500 gained 12.46 points, or 0.51 percent, to 2,431.84. The Nasdaq Composite added 21.90 points, or 0.36 percent, to 6,168.53. (Reporting by Tanya Agrawal; Editing by Arun Koyyur) Powered by WPeMatico

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Asian shares flat, still on track for winning week

June 23, 2017 TOKYO (Reuters) – Asian shares baulked at the starting gate on Friday but remained on track for a weekly gain, while crude oil prices pulled away from this week’s 10-month lows. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat in early trade, and up 0.4 percent for the week. Japan’s Nikkei stock index edged down slightly, but was on track to log a rise of 0.8 percent in a week in which it touched its highest levels since August 2015. The dollar index, which tracks…

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Indonesia has reached tax deal with Google for 2016: finance minister

June 13, 2017 JAKARTA (Reuters) – Indonesia has reached a settlement with Alphabet Inc’s Google for 2016 in their dispute over taxes, the country’s finance minister said on Tuesday. “We already have an agreement with them based on 2016. But we can’t disclose the figure, that is a secret,” Indonesia Finance Minister Sri Mulyani Indrawati told reporters. A senior tax official said in September that Indonesia planned to pursue Google for five years of back taxes and the company could face a bill of more than $400 million for 2015…

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Medicaid cuts coming in Trump budget: Washington Post

May 21, 2017 WASHINGTON (Reuters) – U.S. President Donald Trump’s budget proposal, set to be unveiled on Tuesday, will include cuts to Medicaid and propose changes to other assistance programs for low-income citizens, the Washington Post reported on Sunday. The White House did not immediately respond to a request for comment. A Republican healthcare bill that passed the U.S. House of Representatives in early May seeks to overhaul the national healthcare system and cut more than $800 billion over the next 10 years from Medicaid, the government health insurance program…

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