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CeBIT 2015 Technology Trade Fair

Alibaba and Ant Financial Invests $1.25 Billion in Chinese Food Delivery Service Ele.me

Ele.me secured a $1.25 billion investment from Alibaba and its finance business unit Ant Financial. China’s O2O business market are now booming as most Chinese consumers are using smartphones to do their daily activities.

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Fed Meets As Speculation Builds On Possible Rate Cut

The NY Fed Unveils Its Own Economy Forecasting Tool Using Near Real-Time Data

The New York Fed announced its new GDP tracking and forecasting tool, the FRBNY Nowcast. The tool will use near real-time data to update U.S. economic growth daily, as the Fed will release a report weekly using the tool and data.

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Food Packaged

McCormick Withdrew From Premier Foods Acquisition, Bid Too Pricey

McCormick will no longer acquire Premier Foods as it cannot provide the offer acceptable to the latter. Due to failure of the said talks, Premier was left to "fend for itself" for the company's success while seeking alliance with Japan's Nissin Food Corporation.

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St. Louis Cityscapes And City Views

Peabody Officially Files for Bankruptcy Protection

Peabody just filed for bankruptcy protection on Wednesday after it announced its situation the previous weeks. Assets in Mexico and Colorado will no longer be sold as buyer was not able to complete the deal.

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Shanghai Composite Index Shed 1.28% Close To 2,900 Points

Chinese trade data fuels global stock markets profit

Stocks in the US had a higher opening on Wall Street on the optimistic thought of additional Chinese economic incentive. Global stocks improved after a series of decline in a year, helped by Chinese trade number that showed signs of economic recovery across the world.

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IFA Technology Fair

Video Production Platform 90 Seconds Gets $8 Million Funding Led by Sequoia India; Aims for International Expansion

Online video production startup 90 Seconds will pursue its global expansion after securing $8 million in Series A led by Sequoia India. The startup will also broaden its network of creative freelancers in India as well as in other countries.

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DocSend

Documents Analytics Startup DocSend Secured $8 Million in Series A to Enhance Documents Sharing

DocSend received a new investment round totaling in $8 million to enhance its service on documents sharing and documents analytics. The startup has been focusing in documents as the core of most business deals.

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NIH Director Anthony Fauci Dr. Anthony Fauci Addresses The Press During The White House Briefing

US March budget deficit increases to $108 billion

The US government faced a steady increase in March budget scarcity, leading to a higher deficit in the first half year period compared to the previous year period.

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Stocks Rally Over 200 Points

Energy stocks propels Wall Street profits following oil price rally

Wall Street ended higher on Tuesday trading session as energy stocks rallied helped by increasing crude prices. The US crude prices reached its new height in 2016.

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Security On High Alert Ahead Of EU Enlargement Ceremony

EU Privacy Authorities Assessing The Privacy Shield Likely to Ask For Another Review to be Conducted in 2018

European privacy watchdogs is now assessing the Privacy Shield framework that would regulate the EU-U.S. relations in privacy protection. It’s likely that the EU watchdogs will ask for another review to be conducted in 2018, when a new a new EU data protection law comes into force.

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Federal Reserve Bank Of San Francisco President John Williams Speaks At UCLA

San Fransisco and Dallas Fed President Expected to See Interest Rate Hike Soon

Two other Fed presidents suggested the US central bank to raise interest rate. San Fransisco's John Williams said two or three rate hike in 2016 is reasonable. While Dallas' Rob Kaplan reminded to be patient.

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Tour Of An Anadarko Petroleum Corp. Rig Site As U.S Crude Inventories Rise

Planning For Output Cap in Oil Production Amid Rising Oil Prices Surprises Analysts

Crude oil prices have been witnessed to drop a little after hitting the four-month high, but still manage a few profits for the Asian oil producers. Amid such market situations, oil producers including Russia and Saudi Arabia have reached a consensus for putting cap on oil production. The output cut decision has surprised the analysts since increased market price naturally boosts up production.

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UBS AG Chairman Axel Weber And Bank Of France Governor Francois Villeroy de Galhau Speak At GIC Conference

Two Fed Presidents Supported Rate Hike in the March's Meeting

Richmond and Kansas City Fed President supported to raise the interest rate during the meeting last March. While Philadelphia Fed President on Tuesday reitereated the hike delay is a prudent decision.

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Halliburton Adds Jobs As Onshore Boom Lifts Profit

EU Resumed Investigation on Halliburton and Baker Hughes Deal

European Union antitrust regulator resumed its review on the takeover of Baker Hughes by Halliburton. European Commission plan to reach decision in August whether to approve or veto the deal.

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Supreme Court Hears Arguments In Abortion Clinic Access Case

Democrats As Well As Republicans Urges The Texas Attorney General To Step Down

Ken Paxton, the Texan attorney general has been sued on Monday by the US regulators on accusation of playing role in a stock scam. In addition to the civil lawsuit, Paxton has also been sued with criminal charges for defrauding investors. The Texan Democrats as well as Republicans have called for his resignation.

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