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Trump says he wouldn't stop Fed Chair Powell if he offered to resign

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U.S. President Donald Trump sharply criticized Federal Reserve Chairman Jerome Powell on Friday and said he wouldn't try to stop the chief U.S. central banker if he offered to resign.

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Trump says U.S. would tax French wine in response to digital tax

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U.S. President Donald Trump on Friday reiterated criticism of a French proposal to levy a tax aimed at big U.S. technology companies and threatened again to retaliate by taxing French wine.

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Ghosts of 2002 'corralito' spur Argentines to shun banks, stash cash at home

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It happened in 1989. It happened in 2002. Argentines who are old enough to remember do not want to go through it again.

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Gold soars 2% after Powell speech, Trump tweets

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Gold surged 2% on Friday as investors interpreted U.S. Federal Reserve Chair Jerome Powell's speech as leaning toward a dovish monetary policy stance and President Donald Trump's latest comments exacerbated trade tensions with China.

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Trump administration considers boost to biofuel mandates to ease farmer anger: sources

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The Trump administration is considering ramping up biofuel blending quotas in the coming years to assuage anger in the Farm Belt over its recent broad use of waivers for small refineries, but is not planning to rescind any of the exemptions it has granted so far, four sources familiar with the matter said.

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App looks to get tips from coffee drinkers to Colombia growers

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An app that sends money in the form of tips from appreciative caffeine devotees around the world to coffee growers in Colombia could help farmers battered by dismal prices earn more income, the initiative's founder said.

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Citgo profits hit following split, CEO sees 2H improvement

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The two new top executives at Citgo Petroleum disclosed this week that net income in the second quarter slid to less than half its level a year earlier, hit by a broad slump for the refining industry as well as complications from U.S. sanctions on Venezuela and Citgo's split with state-run oil company PDVSA.

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Britain wants U.S. trade deal quickly, but terms have to be right - UK spokeswoman

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Britain wants to agree a post-Brexit trade deal with the United States quickly, but the terms have to work for both sides, a British spokeswoman said on Friday ahead of a meeting between Prime Minister Boris Johnson and President Trump.

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Popeyes spicy chicken sandwich launch heats up social media

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A sign posted inside a Popeyes Louisiana Kitchen in the Queens borough of New York on Friday said the restaurant was out of its newly launched fried chicken sandwich. Other outlets in the city were also sold out.

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Japan, U.S. reach framework trade pact, no tariff cuts on Japan cars: Nikkei

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The United States and Japan have reached the broad framework of a trade agreement, with Washington maintaining tariffs on Japanese autos but Tokyo cutting tariffs on U.S. beef and pork, Japan's Nikkei business daily said on Saturday.

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Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation

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U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by the world's two largest economies.

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Explainer: What tools could Trump use to get U.S. firms to quit China?

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Hours after China announced retaliatory tariffs on U.S. goods on Friday, President Donald Trump ordered U.S. companies to "start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.".

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Factbox: From phone makers to farmers, the toll of Trump's trade wars

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The world's two largest economies, China and the United States, on Friday exchanged blows in the latest escalation in their trade war that has roiled supply chains and whipsawed financial markets.

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Factbox: Pending mergers and acquisitions involving U.S. firms that need Chinese approval

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U.S. President Donald Trump said on Friday he has ordered American companies to exit China after Beijing unveiled retaliatory tariffs on $75 billion worth of U.S. goods, in a new twist in the bitter trade war between the world's two largest economies.

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U.S. Steel to idle Indiana plant, 150 jobs at risk

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U.S. Steel said on Friday it will idle a plant in Indiana by mid-November as part of the consolidation of its till mill operations in the United States, a move which could result in lay-offs for nearly 150 employees.

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Japan, U.S. made 'big progress' in trade talks: Japanese minister

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The United States and Japan have made "big progress" in bilateral trade talks and shared the understanding of the directionality of the trade talks, Japanese Economy Minister Toshimitsu Motegi said on Friday.

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Wall Street Weekahead: Investors look at dollar stores as U.S. recession fears increase

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More investors are watching the shares of discount retailers like Dollar General Corp and Dollar Tree Inc, which perform better during economic downturns, in the hopes of gauging changes in consumer behavior, though higher tariffs may erode the companies' ability to act as economic bellwethers.

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Fed's Powell vs. Trump: who's got a 'feel' for markets now?

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Donald Trump once accused the Federal Reserve of not having a "feel" for the market and compared Federal Reserve Chair Jerome Powell to a golfer who can't putt, but on Friday it was the U.S. president that drove markets into the rough.

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World needs to end risky reliance on U.S. dollar: Bank of England's Carney

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Bank of England Governor Mark Carney took aim at the U.S. dollar's "destabilising" role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve currency.

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Global stocks tumble, yen rallies as U.S. and China escalate trade war

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Stocks, the dollar and oil prices fell on Friday while safe havens rose after President Donald Trump demanded U.S. companies look at alternatives to China for manufacturing, following Beijing's retaliatory tariffs on American goods.

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