© Reuters.  NY Fed accepts $32.15 billion in 14-day repo bids: NY Fed website

NY Fed website By Reuters

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© Reuters. NY Fed accepts $32.15 billion in 14-day repo bids: NY Fed website NEW YORK (Reuters) – The New York Federal Reserve on Tuesday accepted $32.15 billion in 14-day bids from primary dealers at a repurchase agreement (repo) operation, a move intended to keep the federal funds rate within the target range. Disclaimer: Fusion […]

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Trump and Macron said to reach tariff truce in digital tax fight

Trump and Macron said to reach tariff truce in digital tax fight

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President Trump and French President Emmanuel Macron agreed to a truce in their dispute over digital taxes that will mean neither France nor the U.S. will impose punitive tariffs this year, a French diplomat said. “Great discussion with @realDonaldTrump on digital tax,” Macron said Monday in a tweet. “We will work together on a good […]

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China and Hong Kong shares fall as fears rise over Sars-like virus

China and Hong Kong shares fall as fears rise over Sars-like virus

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Mainland Chinese and Hong Kong stocks fell sharply as fears over the spread of a Sars-like virus on the eve of the peak lunar new year travel season hit tourism and retail shares. The slide came after China’s National Health Commission on Monday confirmed the first cases of human-to-human transition of the coronavirus. That has fuelled concerns […]

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China will drive mobile spending to record $380 billion in 2020

China will drive mobile spending to record $380 billion in 2020

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Mobile app spending and usage hit a record in 2019 and show no signs of tapering off this year as faster cellular connections and more big-name video streaming services come online, industry tracker App Annie says. China should again prove the biggest driver of consumption on everything from video streaming to games operated by social […]

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Sundar Pichai of Google calls artificial intelligence regulation

Sundar Pichai of Google calls artificial intelligence regulation

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Google’s chief executive called Monday for a balanced approach to regulating artificial intelligence, telling a European audience that the technology brings benefits but also “negative consequences.” Sundar Pichai’s comments come as lawmakers and governments seriously consider placing limits on how artificial intelligence is used. “There is no question in my mind that artificial intelligence needs […]

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Barclay brothers in talks to sell Ritz hotel to Saudi investors

Barclay brothers in talks to sell Ritz hotel to Saudi investors

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The billionaire Barclay brothers are in talks to sell the Ritz Hotel in London to a private investment group that represents wealthy Saudi Arabian families, people close to the discussions said. Sir David and Sir Frederick Barclay are reviewing interest from Jeddah-based Sidra Capital which may lead to one of London’s most coveted properties changing […]

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