NYMEX crude weaker in Asia as U.S. supply data weighs


© Reuters. NYMEX crude ticks weaker in Asia after U.S. supply data – Crude oil held slightly weaker in Asia on Thursday as regional investors digested the implications of a build in U.S. stockpiles and the scope for demand globally. On the New York Mercantile Exchange, WTI crude for August delivery fell 0.05% at $56.93 a barrel. Overnight, WTI ...

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New York City reviewing contracts with Donald Trump, mayor says


© Reuters. Businessman and Republican presidential candidate Donald Trump reacts to supporters during a back-yard reception in Bedford NEW YORK (Reuters) – New York City is reviewing its contracts with Donald Trump following comments by the developer and U.S. presidential candidate insulting Mexicans, Mayor Bill de Blasio said on Wednesday. “Trump’s comments do not represent the values of inclusion and ...

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Brazilian food giant JBS acquires Cargill’s pork division for $1.45 B


JBS’ acquisition of Cargill’s pork business on Wednesday provides it with two key processing plants — JBS USA Pork entered into an agreement on Wednesday to acquire the U.S.-based pork business of Cargill Pork for $1.45 billion, the companies announced in a joint statement. JBS USA, a division of Brazilian food giant JBS S.A., will acquire five feed mills ...

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Republican senators demand liquidation plan for U.S. Ex-Im Bank


© Reuters. U.S. Senator Rubio questions Assistant Secretary of State Jacobson on U.S.-Cuba relations during hearing on Capitol Hill in Washington By David Lawder WASHINGTON (Reuters) – Seven conservative Republican senators demanded on Wednesday that the U.S. Export-Import Bank disclose plans to begin liquidating its assets after the government trade lender’s charter expired amid congressional inaction. Ex-Im can no longer ...

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Illinois governor increases budget pressure, grounds shuttle planes


© Reuters. Republican Bruce Rauner smiles after winning the midterm elections in Chicago, Illinois By Fiona Ortiz SPRINGFIELD, Illinois (Reuters) – Illinois Governor Bruce Rauner on Wednesday increased pressure on lawmakers unwilling to adopt his pro-business reforms as the state began its new fiscal year without a budget. The Republican governor followed through on his plan to ground the state ...

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Former California state Senator Leland Yee pleads guilty to racketeering


© Reuters. Suspended California State Senator Leland Yee arrives at the Phillip Burton Federal Building for his arraignment hearing in San Francisco, California SAN FRANCISCO (Reuters) – Former California state Senator Leland Yee of San Francisco pleaded guilty on Wednesday to one count of racketeering in a case that ended a storied political career and swept up Yee’s political adviser ...

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