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SAUDI-OIL-ARAMCO

Saudi Arabia to takeover largest US refinery

Saudi Arabia's state-owned oil major Aramco will takeover Port Arthur Texas refinery in the US. Saudi Arabia will refine its oil shipped from Middle East at Port Arthur refinery and also sell it in the huge North American market.

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Images Of Gold Sales In Zaveri Bazaar As Gold Demand Set To Fall

Gold below $1,250/oz on profit booking

Profit booking pulled yellow metal on Monday below psychological mark-$1,250 an ounce. Gold price fell for four weeks in the past five weeks.

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Freedom Communications Files For Bankruptcy

Digital First Media Will Acquire Freedom Communications' Newspapers

The second largest U.S. newspaper chain will soon add two newspapers in California. Digital First Media gain the advantage after Tribune Publishing faced regulatory hurdle to acquire Orange Country .

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Trading At The NYSE As Emerging Markets Lead Stocks Higher

Kopernik Fund moves up with value addition

Financial analysts David Iben-led Kopernik Fund is passing through a totally reverse situation as its performance is soaring from bottom to the top with rising valuations. The $682-million Kopenik Global All-C fund recorded a 15 percent growth in 2016 so far ahead of 99 percent of its peers.

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Aeropostale Welcomes YouTube Celebrity Bethany 'Macbarbie07' Mota At Exclusive Meet & Greet

As Problem With Sycamore Worsened, Aeropostale Can Use Its Instagram Star

Bethany Mota, the YouTube and Instagram star may be the last hope to help Aeropostale. The retailer can bring millions of Mota's follower in Instagram and YouTube to the store.

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Prime Minister Narendra Modi Attends 25th Foundation Day Of Nasscom

India moves WTO over US doubling visa fees

India is seeking World Trade Organization's (WTO) intervention over increasing visa fees by the US. The visa fee for H-1B has been doubled to $4,000 and it's $4,500 for L-1 visa, as fixed by the US government.

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JAPAN-AUTO-TECHNOLOGY-TOYOTA

Automatic emergency braking will be standard in US cars by 2022

The US automobile industry will have the automatic emergency braking system in place by 2022. About 20 automobile manufacturers representing over 99 percent of US automobile industry have agreed to implement automatic emergency braking system in their vehicles.

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Sen. Bernie Sanders and Sen. Elizabeth Warren

Bernie Sanders, Elizabeth Warren seek hedge fund regulation

Recently unveiled new Brokaw Act is a Congressional effort to regulate activist funds. The new act aims at regulating activist funds. Democratic Presidential candidate Bernie Sanders and Massachusetts senator Elizabeth Warren have co-sponsored the Brokaw Act.

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Pumpjacks Pumping Oil

Pacific Exploration Corp explores 6 buyout offers

Pacific Exploration & Production Corp is actively examining six buyout offers. The Canada-listed company is in the process of avoiding bankruptcy. The company's board is likely to take its final decision by this weekend.

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U.S. Treasury Department And USAID Host Financial Inclusion Forum

JPMorgan Board Approves Repurchase of $1.88 Billion In Stock

JPMorgan board has announced the approval of $1.88 billion buy-backs in stock. The recent buy back decision follows its earlier precedence of repurchasing stock for $6.4 billion. The board has allowed flexibility in timeframe and quantity of purchased shares or even pulling out from the decision at company’s own discretion.

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Spotify

Spotify Agrees to Pay $21 Million for Music Royalties

The streaming service company on Wednesday reached the deal over music royalties with the National Music Publisher's Association (NMPA). Spotify will pay $21 million worth of royalty to publishers and songwriters.

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Operations At The TransCanada Hardisty Terminal 1 Facility

TransCanada Acquires Columbia Pipeline For $13 Billion To Dominate Energy Sector In North America

TransCanda has announced on Thursday its acquisition of Columbia Pipeline for $13 billion in total, enabling the energy giant to represent itself as a dominant player in the businesses of natural gas across the North America. The deal appears following a series of announcement for merger in the energy sector including $2.3 billion deals in 2016.

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NHTSA Holds Hearing On Proposed Fuel Economy Standards

US Automakers, NHTSA To Announce Automatic Emergency Braking Systems As Standard Equipments

Automatic emergency braking systems have proved their efficiency in preventing car accidents. The systems may reduce the number of rear-end collisions by up to 40%. Considering the efficacy level, almost all US automakers and NHTSA have reached an agreement to make the system a standard equipment on most cars by 2022.

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TAIWAN-TRANSPORTATION-REGULATIONS

Family Profiles: Customer Feedback Induced New Feature For Uber App

Uber has announced another new feather of its app, Family Profiles which enables customers to pay for the rides of their family members. The person, organizing the' Family Profiles' will be served a detailed report of the rides they are paying for. The feature is primarily available in select cities of the US.

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Houston Mayor Sylvester Turner Interview

Moody's cuts Houston's $3-bln debt to Aa3 after oil price drop

Citing drop in revenues, Moody's Investors Service has lowered Houston's $3 billion of general obligation debt by one level to Aa4. Lower oil prices and restrictions on raising taxes are keeping further pressure on Houston's economy.

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