Day: October 16, 2017

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  Cohn: We need to get the corporate rate down to 20% to drive wages upwards

  That's some fine spin White House advisor and tax plan guru Gary Cohn said Trump isn't flexible about the 20% corporate tax rate. Cohn also[...]
  2017-10-16 19:47:06

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  Kurds halt oil flow at two fields due to conflict - report

  Bloomberg report, citing an NOC official There are conflicting reports about whether output at Avana and Bai Hassan fields is continuing or halted. Copyright 2015[...]
  2017-10-16 19:47:06

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  European equities a bit mixed in trading today

  Dax up 0.1%. CAC up 0.2%. UK FTSE unchanged The European equities markets are closed for the day and the results are mostly favorable (with[...]
  2017-10-16 19:47:06

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  Trump says looking at ways to reduce government spending, welfare reform

  Comments from the President - Prescription drug prices are out of control - US subsidizes the costs of prescription drugs for other countries and it's[...]
  2017-10-16 19:47:06

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  Canada to cut small business tax rate to 9% from 10.5%

  Finance Minister Bill Morneau to make the announcement today Trudeau and Morneau will make an announcement today on lowering the business tax, . according to[...]
  2017-10-16 19:47:06

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  Citi trade of the week: Buy GBP/USD

  The latest trade idea from Citi Currency investors should consider buying GBP/USD this week, advises CitiFX Research in its weekly FX pick. Citi recommends buying[...]
  2017-10-16 19:47:06

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  Germany draws up plan for post-Brexit EU-UK ties, includes free trade deal

  Bloomberg, citing a paper This could be good news for the pound. The paper calls for a "comprehensive free-trade accord". Ultimately, I think the EU[...]
  2017-10-16 19:47:06

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  Mexico has completed the 2018 oil 'Hacienda hedge'

  Mexico hedge guarantees export price of $46 per barrel An interesting look at flows in the oil market works is how Mexico hedges its oil[...]
  2017-10-16 19:47:06

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  North Korea said to reject diplomacy with US for now - report

  CNN says North Korea doesn't want to talk "Before we can engage in diplomacy with the Trump administration, we want to send a clear message[...]
  2017-10-16 19:47:06

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  US total shale oil production up 82k bpd in November estimates

  Total shale production to hit 6.12 million barrels per day The EIA sees US shale oil production continuing to rise. After a 97k bpd climb[...]
  2017-10-16 19:47:06

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