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Trump ex-aide Manafort found guilty on eight of 18 charges

ALEXANDRIA, Va. (Reuters) – Former Trump campaign chairman Paul Manafort was found guilty on Tuesday on eight charges of tax and bank fraud and failing to disclose foreign bank accounts, after a jury said it could not reach consensus on the other 10 charges against him. FILE PHOTO: Former Trump campaign manager Paul Manafort departs […]

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U.S. lawmakers seek to impose more sanctions on ‘menace’ Russia

WASHINGTON (Reuters) – U.S. lawmakers pushed for more aggressive steps to counteract the Russian “menace” on Tuesday, despite Trump administration officials insisting current sanctions were having an effect and vowing to impose more economic pain if Moscow does not change its behavior. FILE PHOTO: National flags of Russia and the U.S. fly at Vnukovo International […]

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Jury says reaches verdict in trial of ex-Trump campaign chairman Manafort

ALEXANDRIA, Va. (Reuters) – A federal court jury in Virginia said on Tuesday it had reached a verdict in the trial of U.S. President Donald Trump’s former campaign chairman Paul Manafort, according to a jury note. FILE PHOTO: Former Trump campaign manager Paul Manafort departs from U.S. District Court in Washington, U.S., February 28, 2018. […]

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Toll Brothers profit beats on robust demand for luxury homes

(Reuters) – Toll Brothers Inc (TOL.N) topped estimates for quarterly profit and revenue on strong demand for its luxury homes, sending its shares up 12 percent in early trading and pushing other homebuilder stocks higher. The results underscore strength in the U.S. homebuilding sector as robust demand, fueled by a stronger economy and low unemployment […]

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The bull that will not die: S&P 500 back at a record after months on ice

(Reuters) – After a seven-month stall, Wall Street’s bull market looks back on track, thanks to Amazon.com Inc (AMZN.O), Alphabet Inc (GOOGL.O) and other high-flying technology and consumer discretionary companies. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 21, 2018. REUTERS/Brendan McDermid The widely followed S&P […]

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JPMorgan undercuts discount brokerages on trades

NEW YORK (Reuters) – JPMorgan Chase & Co, (JPM.N) in a bid to lure customers from the discount brokerage industry, said on Tuesday it will begin offering free stock trades for self-managed accounts through its Chase mobile banking app starting next week. A view of the exterior of the JP Morgan Chase & Co. corporate […]

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UPDATE 1-U.S. Senate vote on Russia sanctions unlikely in September -McConnell

(Adds background) WASHINGTON, Aug 21 (Reuters) – Legislation warning Russia it would face heavy U.S. sanctions if it were found interfering in November’s congressional elections will not be voted on anytime soon, Senate Majority Leader Mitch McConnell said on Tuesday, although he cited his strong interest in such a bill. Noting an already heavy September […]

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European shares edge higher ahead of U.S.-China trade talks

LONDON (Reuters) – European shares closed slightly higher on Tuesday as investors on both sides of the Atlantic took a cautiously optimistic view of trade talks between the United States and China which are set to begin on Wednesday. FILE PHOTO: Traders work at Frankfurt’s stock exchange in Frankfurt, Germany, April 6, 2018. REUTERS/Ralph Orlowski […]

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Goldman Sachs pays for working mothers to ship breast milk home

LONDON, Aug 21 (Thomson Reuters Foundation) – A scheme by investment bank Goldman Sachs to pay for new mothers to courier their breast milk home from work trips drew praise and criticism on Tuesday, with some campaigners concerned the move could pressure women to cut short their maternity leave. Goldman Sachs said it hopes the […]

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Italy state lender CDP may take over Autostrade – sources

ROME, Aug 21 (Reuters) – Italian state lender Cassa Depositi e Prestiti (CDP) may buy a controlling stake in Autostrade per l’Italia in the wake of the collapse last week of a bridge the motorway operator managed, two sources told Reuters on Tuesday. Some members of the anti-establishment government have suggested that the motorway network […]

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Italy’s state lender could take control of Autostrade: sources

ROME (Reuters) – Italian state lender Cassa Depositi e Prestiti (CDP) may buy a controlling stake in Autostrade per l’Italia after the collapse last week of a bridge managed by the motorway operator, two sources told Reuters, but the economy ministry denied knowledge of any such proposal. FILE PHOTO – Toll-road operator Autostrade per l’Italia’s […]

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The bull that won’t die: S&P 500 back at a record after months on ice

SAN FRANCISCO (Reuters) – After a seven-month stall, Wall Street’s bull market looks back on track, thanks to Amazon.com (AMZN.O), Alphabet (GOOGL.O) and other high-flying technology and consumer discretionary companies. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 21, 2018. REUTERS/Brendan McDermid The widely followed S&P […]

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Probe cites multiple causes for Puerto Rico’s fiscal free fall

SAN JUAN (Reuters) – Short-term fixes, deficit financing and political pressures helped drive Puerto Rico into a fiscal catastrophe that landed the U.S. commonwealth in bankruptcy court last year, according to an investigative report released late on Monday. FILE PHOTO: A man walks past a closed store with signs reading “Closing down sale” and “Everything […]

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U.S. Senate vote on new Russia sanctions unlikely in Sept.-McConnell

WASHINGTON, Aug 21 (Reuters) – Legislation warning Russia that it would face heavy U.S. sanctions if it is found interfering in November’s congressional elections will not be voted on anytime soon, Senate Majority Leader Mitch McConnell said on Tuesday as he also cited his strong interest in such a bill. Noting an already heavy September […]

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IMF to begin talks with Angola on financial support

JOHANNESBURG (Reuters) – The International Monetary Fund (IMF) said on Tuesday it would begin talks with Angola over providing financial support after the oil producing country’s economic growth was weaker than expected this year. FILE PHOTO: A man walks past the International Monetary Fund (IMF) logo at its headquarters in Washington, U.S., May 10, 2018. […]

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UPDATE 1-FTSE 100 reverses on weak dollar and BHP Billiton

* FTSE 100 down 0.3 pct * BHP Billiton falls 2.1 pct after results * HSBC upgrade to “buy” boosts Aggreko up 4.5 pct * Flat bookings outlook drives Hostelworld down 9 pct * Morrisons, Sainsbury’s, Ocado rise on strong sales (Updates prices, adds details, quotes) By Helen Reid LONDON, Aug 21 (Reuters) – Britain’s […]

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With sensors and apps, young African coders compete to curb hunger

KIGALI, Aug 21 (Thomson Reuters Foundation) – From an app to diagnose disease on Zambian farms to Tinder-style matchmaking for Senegalese land owners and young farmers, young coders have been finding solutions to hunger in the first Africa-wide hackathon on the issue. Eight teams competed in the hackathon, organised by the U.N. Food and Agriculture […]

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Bulgarian regulator quits amid outcry over insurance company

* Nearly 200,000 Bulgarians left without car insurance * Parliament asks regulator for report explaining its actions * Finance minister to search for ways to compensate those affected By Angel Krasimirov SOFIA, Aug 21 (Reuters) – Bulgaria’s head of insurance supervision resigned on Tuesday, bowing to pressure from politicians to quit after a Cyprus-based insurance […]

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Denmark expands legal campaign to recoup tax fraud billions

COPENHAGEN (Reuters) – Denmark said on Tuesday it is targeting U.S. and British companies and individuals as it expands a global campaign to recoup billions of crowns it alleges were paid out in fraudulent tax refunds between 2012 and 2015. A Danish flag is pictured in Copenhagen, Denmark April 19, 2017. REUTERS/Fabian Bimmer Danish tax […]

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FEATURE-Washington residents join forces to sidestep rising rents

WASHINGTON, Aug 21 (Thomson Reuters Foundation) – With its prime location and rapid development over the past decade, the Columbia Heights neighbourhood commands among the highest rents in the U.S. capital — already one of the most expensive cities for housing in the country. But resident Linda Leaks pays only about $1,000 a month, half […]