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Finance

In its quarterly monetary policy report , the central bank noted the Canadian economy would take a "material" hit from a protectionist Trump government. It was at $1.3090 before the press conference began. The Bank of Canada said it did incorporate some impacts of new Trump policies into its forecasts.
  • Fiat Chrysler plans to create 2000 jobs with plant modernisation

    Finance

    From this point of view, Marchionne defended the company's production choices by warning, "If we start blocking free trade, that could impact the development of American plants, like the ones at Jefferson North or Warren". Fiat Chrysler Automobiles NV's decision to spend $1 billion on two USA plants wasn't related to President-elect Donald Trump's pressure on the auto industry to bring more production and jobs to America, the company's chief executive said Monday.
  • Yahoo to be named Altaba, Mayer to leave board after Verizon deal

    Finance

    The 11-member board was quick to name Eric Brandt, a new member, as the chairman. According to The Wall Street Journal , the name Altaba is believed to have come from combining the word " alternate " with Alibaba. The deal doubled Verizon's digital advertising business. Verizon reportedly considered asking for a discount on the $4.8 billion deal after the breaches were disclosed, and a discounted price may still be announced before the deal closes.
  • Donald Trump met Alibaba founder, Jack Ma

    Donald Trump met Alibaba founder, Jack Ma

    Finance

    President-elect Donald Trump made an appearance with Chinese entrepreneur Jack Ma, the founder of Alibaba , Monday - and expressed unreserved confidence in his own Cabinet picks. Alibaba also tweeted pictures of Ma walking to meet Trump and waiting inside Trump Tower . Trump had been vocal about his disdain for the Transpacific Partnership, campaigning with promises to bring back jobs to the US, which he felt was losing to China from the standpoint of trade.
  • Majority of USA voters want backup plan before Obamacare repeal

    Majority of USA voters want backup plan before Obamacare repeal

    Finance

    Crafting a true health care reform package - which Obamacare did not do - indeed will be hard. Just as it seemed Democratic lawmakers, in the minority of both chambers of Congress, were almost powerless in stopping the repeal of Obamacare Republicans have promised, they may get a shot at one last Hail Mary.
  • No Extra Charge at Petrol Pumps for Card Payments, Says Government

    No Extra Charge at Petrol Pumps for Card Payments, Says Government

    Finance

    Almost more than two thirds of petrol pumps across the country had threatened to stop accepting debit and credit cards over the surcharge from Monday, January 9, though subsequently deferred the move as banks postponed levying of transactions charges to January 13 after the government's intervention on Sunday.
  • Colorado Kmart stores to close at the end of March

    Colorado Kmart stores to close at the end of March

    Finance

    Lampert, chairman & CEO of Sears Holdings, in a press release. The real estate investment trust disclosed that it would terminate the leases on 19 unprofitable stores that had been sold off to it. Prior to the original 100,000-square-foot Sears store opening, Gazette archives noted a Sears order office begun in 1939 was located in Central Center.
  • Chinese nuclear-powered submarine docked at Pakistan port possibly tracking Indian warships

    Finance

    As cited by NDTV , the image of the submarine was first found by a satellite imagery expert who goes by the Twitter handle @rajfortyseven. The report also said that the docked submarine was the Type 093 Shang submarine. China has always maintained that such deployments are to tackle piracy. These submarines can be deployed underwater for extended durations and they are also hard to track.
  • Apple Pledges $1 Billion In Softbank's Tech Fund; Good News For Sprint?

    Apple Pledges $1 Billion In Softbank's Tech Fund; Good News For Sprint?

    Finance

    SoftBank has said that it is investing at least $25 billion in the fund and has been in talks with Public Investment Fund of Saudi Arabia for an investment that could be as much as $45 billion. The goal of the fund is to invest in promising tech ventures in order to expedite the growth of the industry the world over. She further said that the technology giant has worked with SoftBank for many years.
  • Strong job market, rising inflation pushed Fed to raise rates

    Strong job market, rising inflation pushed Fed to raise rates

    Finance

    The "prospects for more expansionary fiscal policies in coming years" could cause the central bank to raise a key interest rate more quickly than anticipated, Fed policymakers said at the December 13-14 meeting, according to minutes released with the usual three-week delay.
  • Duke's Grayson Allen returns after one-game suspension

    Duke's Grayson Allen returns after one-game suspension

    Finance

    He's right, especially about that second part. Lost in the Grayson Allen return and the final game for Coach K before surgery was the fact that Harry Giles made his first start of the season for Duke. His enraged reaction on the bench also got its share of play on Twitter and elsewhere. It was hard to get a proper sense of the appropriate emotion.