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Working, eating and sleeping at the office

The sight of workers sleeping on the job is common in China, where a surplus of cheap labor can lead to downtime and employees at startup companies work long hours. Read the original post: Working, eating and sleeping at the office  Read More →

Senators question Goldman Sachs on its role in Trump banking policy

In a letter to CEO Lloyd Blankfein dated Feb. 9 and made public on Friday, Democratic Senators Elizabeth Warren and Tammy Baldwin asked for details on “lobbying” activities in the bank related to review of the Dodd-Frank Act and the Obama-era fiduciary rule on financial advice. Blankfein View post:  Senators question Goldman Sachs on its role in Trump banking policy  Read More →

Top Federal Reserve official resigns as bank deregulation looms

By Jason Lange and Lisa Lambert WASHINGTON (Reuters) – The Federal Reserve Board's top bank regulator said on Friday he would resign, giving a boost to President Donald Trump's plans to ease reforms put in place after the 2007-09 financial crisis. Daniel Tarullo, a strong regulator who… Continued here: Top Federal Reserve official resigns as bank deregulation looms  Read More →

Russia to decide in April-May if global oil deal should be extended: TASS

MOSCOW (Reuters) – Russia will decided in April or May whether an agreement on global oil output cuts between OPEC and non-OPEC producers, set to end on June 31, should be extended, TASS news agency quoted Russian Energy Minister Alexander Novak as saying on Saturday. Continued here: Russia to decide in April-May if global oil deal should be extended: TASS  Read More →

Japan’s love of tiny cars sore spot as Trump, Abe meet

TOKYO/DETROIT (Reuters) – When Japanese Prime Minister Shinzo Abe meets on Friday with U.S. President Donald Trump, Japan’s bulging automotive trade surplus will be a sore spot, but the path to balancing auto exports and imports will be no easier than it was in the 1980s. Go here to see the original: Japan’s love of tiny cars sore spot as Trump, Abe meet  Read More →

Controversial Dakota pipeline to go ahead after Army approval

By Valerie Volcovici and Ernest Scheyder WASHINGTON/HOUSTON (Reuters) – The U.S. Army will grant the final permit for the controversial Dakota Access oil pipeline after an order from President Donald Trump to expedite the project despite opposition from Native American tribes and climate activists. In a court filing on Tuesday, the Army said that it would allow the final section of the line... [Read more]

Canada’s Hudson’s Bay makes takeover approach for Macy’s: sources

While the Toronto-based company faces major financing and operating challenges in completing a deal to buy Macy's, which is trying to overhaul its operations, it could use its existing foothold in the U.S. to save on administrative Here is the original:  Canada’s Hudson’s Bay makes takeover approach for Macy’s: sources  Read More →

Oil prices steady after sharp rise in U.S. stockpiles

Oil prices steadied on Thursday after a sharp rise in U.S. crude and gasoline stockpiles, although evidence that OPEC and other big exporters were cutting production helped support sentiment. Brent crude was up 5 cents at $56.85 a Read the rest here: Oil prices steady after sharp rise in U.S. stockpiles  Read More →

Exxon boosts capital budget but takes $2 billion charge from XTO deal

Exxon Mobil Corp boosted its 2017 capital budget on Tuesday on a bet that oil prices have stabilized, but posted its lowest quarterly profit since 1999 as it took a $2 billion charge against the value of natural gas reserves from its buyout of XTO Energy. The world's largest publicly traded oil producer wrote down the book value of part of its North American natural gas and crude reserves, some... [Read more]

Fed likely to keep rates steady as it awaits Trump economic plan

By Lindsay Dunsmuir WASHINGTON (Reuters) – The U.S. Federal Reserve is expected to keep interest rates unchanged on Wednesday in its first policy decision since President Donald Trump took office, as the central bank awaits greater clarity on his economic policies. Trump has promised a large infrastructure spending program, tax cuts, a rollback of regulations and a renegotiation of trade deals... [Read more]

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