Money

'Pink Star' diamond sells for record $71.2mn at Sotheby's auction

It took almost two years to cut the Pink Star from a rough diamond. The crowd in the packed auction room applauded when it was sold for a hammer price of $63 million, not including the buyer's premium. The auction house was then forced to buy the diamond itself because had guaranteed a $60 million sale price. Soon after, Sotheby's tried to auction off the Lesedi La Rona, the world's second biggest diamond, in the Swiss city. Read More

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Walgreens sees a surprise drop in sales

Walgreens sees a surprise drop in sales

Exane Derivatives now owns 1,884 shares of the pharmacy operator's stock valued at $152,000 after buying an additional 679 shares during the last quarter. US-based Walgreens Boots Alliance posted net earnings of $1.1 billion (£881.23 million) earnings for the quarter ending February 28, a 14 per cent increase when compared to the same period a year ago. Read More

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Beatles Release Preview Videos For Sgt Pepper 50th Anniversary Reissue

Beatles Release Preview Videos For Sgt Pepper 50th Anniversary Reissue

Pepper " Anniversary Edition packages on May 26. -180-gram 2-LP vinyl package with the new stereo album mix on the first LP and a second LP with previously unreleased complete takes of the album's 13 songs. Pepper's sessions that were scheduled to be on the final album but issued a few months in advance due to record company pressure. Discs 2 and 3: 33 additional recordings from the studio sessions, most previously unreleased and mixed for the first time from the four-track masters, ... Read More

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Thousands march in London against looming Brexit

Thousands march in London against looming Brexit

The rally took place just four days before British Prime Minister Theresa May was due to trigger Article 50 of the EU's Lisbon Treaty, and begin the process of Britain leaving the bloc. London MP David Lammy said there are a lot of people against Brexit in Britain, adding that in democracies people are always allowed to change their minds. Read More

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Toshiba's Westinghouse files for bankruptcy

Westinghouse Electric Co., a major player in global nuclear construction, filed for bankruptcy protection on Wednesday, its Japanese parent Toshiba Corp . Toshiba said today its current fiscal year through March net loss could balloon to 1.01 trillion yen, well up from an earlier projected annual loss of 390 billion yen. Read More

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Eurozone economy 'strongest' in nearly 6 years

Eurozone economy 'strongest' in nearly 6 years

Chris Williamson, chief business economist at IHS Markit, believed that economic growth for the first quarter of 2017 would slow. The Standard Bank Purchasing Managers' Index (PMI), compiled by Markit, edged up to 50.7 from 50.5 from February, remaining above the 50 mark dividing expansion from contraction for the longest stretch in more than four years. Read More

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Lawmakers weigh White House offer to revive health care bill

Rep. Mark Sanford, R-S.C., a member of the conservative House Freedom Caucus, said it's increasingly looking like there won't be a deal before Congress breaks for a two-week recess. Vice-President Mike Pence and other top administration officials were offering to let states request federal exemptions from insurance coverage requirements imposed by President Barack Obama's health care overhaul. Read More

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Tehran criticizes use of chemical weapons in Syria

The United States, France and the United Kingdom have introduced to the UN Security Council a draft resolution in connection with the reported use of chemical weapons in the Syria's province of Idlib. Turkish Prime Minister Binali Yildirim said Turkey hopes the United Nations will punish the attack's perpetrators in the name of humanity. Dr Peter Salama, Executive Director of the WHO Health Emergencies Program, said, "The images and reports coming from Idlib today leave me shocked, ... Read More

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RBA holds cash rate as housing market booms

RBA governor Philip Lowe is concerned soaring housing prices are pushing up the household debt to income ratio - which he said was at already at a record high earlier this year. But its his comments about negative gearing that are really making waves. But when asked if he could reduce the capital gains tax discount to help rebalance some property markets, he did not rule it out. Read More

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Goal reached: US women's soccer team gets ne... 11:23 am Wed

Goal reached: US women's soccer team gets ne... 11:23 am Wed

The financial terms and length of the new deal were not disclosed, but the agreement is expected to cover the 2019 World Cup in France and the 2020 Olympics in Tokyo. Talks had stalled late a year ago when the players split with the union's executive director. Klingenberg, Becky Sauerbrunn and Christen Press were elected player representatives at the team's January training camp. Read More

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Watching the Levels: Vornado Realty Trust (NYSE:VNO)

Watching the Levels: Vornado Realty Trust (NYSE:VNO)

Macquarie Group Ltd. increased its position in shares of Brandywine Realty Trust by 20.1% in the fourth quarter. The stock is now trading at a distance of 1.73% from SMA-20. This ratio also gives some idea of whether you're paying too much for what would be left if the company went bankrupt immediately. (NYSE:CDR) has a 52-week high of $8.08 and a 52-week low of $4.86. Read More

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North Korea may have tested new technology in latest missile

The White House official - speaking just as North Korea fired a projectile believed by South Korea's military to be a ballistic missile into the sea - said the situation had become more urgent. Brad Glosserman, executive director of the Pacific Forum, a program of the Center for Strategic and International Studies (CSIS), also said that differences between the USA and China over how to deal with the North are too wide to narrow. Read More

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Uttar Pradesh redux: Maharashtra to study Yogi's farm loan waiver

Uttar Pradesh redux: Maharashtra to study Yogi's farm loan waiver

He added that the Maharashtra finance secretary has been directed to look into the debt waiver. "If UP government can waive Rs. 30, 000 crore farm loans why not the state government", Ajit Pawar questioned Fadnavis government. Rahul then went on to say, "But let's not play politics with our farmers who are suffering across the country". Pawar maintained that the state government can fix some leakages in its expenditure and save the funds that can be utilised for granting the loan waiver. Read More

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Woman dies in stampede during Ram Navami mela in Ayodhya

Woman dies in stampede during Ram Navami mela in Ayodhya

Mamata Banerjee in Kolkata. "The chief minister also alleged that the BJP was using the 'Om" symbol in their political programmes. Chant Om sitting at home. The Union Minister, Bandaru Dattatreya, the Minister for Roads & Buildings, Thummala Nageswara Rao, were among the dignitaries who took part in the Sriram Navami celebrations at the historic temple. Read More

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NCAA Ends Boycott Of North Carolina Over Anti-LGBT Law

NCAA Ends Boycott Of North Carolina Over Anti-LGBT Law

The NCAA said Tuesday it will consider awarding championship events held between 2018-2022 to North Carolina later this month. "However, the NCAA had no business demanding anything of North Carolina lawmakers". a landscape similar to other jurisdictions presently hosting NCAA championships'". "If we find that our expectations of a discrimination-free environment are not met, we will not hesitate to take necessary action at any time". Read More

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USA trade deficit narrows on falling imports

USA trade deficit narrows on falling imports

Following three consecutive months of surpluses, February's C$972 million ($724 million) deficit fell short of economists' expectations for a surplus of C$500 million. Canadian government bond prices were slightly higher across the yield curve, with the two-year up 1 cent to yield 0.721 per cent and the 10-year rising 13 cents to yield 1.552 per cent. Read More

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South Africa's ruling party backs embattled president

Traditionally an ally to Zuma's African National Congress party, the Congress of South African Trade Unions ( COSATU ) said it no longer trusted Zuma's leadership. The report alleged that, during an overseas trip to meet with investors, Gordhan had supposedly met regime-change plotters, and this is why he had to be called home and later fired. Read More

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Lynch visits Raiders amid talk of comeback

Lynch visits Raiders amid talk of comeback

There has been speculation for months now, but it appears as if Lynch is seriously thinking of coming out of retirement and getting back into the NFL. Is former Seattle Seahawks running back Marshawn Lynch contemplating a return to the National Football League? I've met with a number of them, and anything I say isn't going to soothe them. Read More

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European Union unveils draft guidelines for big Brexit talks

European Union unveils draft guidelines for big Brexit talks

First, agreement on the principles for Brexit is needed and once sufficient progress is achieved, negotiations on a new relationship would be able to start, he said. The second will be used for talks over a future trade deal. The EU draft says the future of Gibraltar will be set in talks between Spain and the United Kingdom, giving Spain a very strong negotiating position. Read More

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After Susan Rice Bombshell, NYT Dismisses Bloomberg as Right Wing, Fringe Outlet

Rice, in an interview with MSNBC , acknowledged that she sometimes asked for the names of Americans referenced in reports. "Unmasking" involves revealing the name of an individual who is a part of an intelligence report - which could mean the individual was recorded or simply mentioned by others who were surveilled - but is not the target of the surveillance itself. Read More

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South African unions demand President Zuma resign

South African unions demand President Zuma resign

In remarks echoed by new finance minister Malusi Gigaba, Zuma said fiscal policies would not change and that people should remain calm after the rating cut. Motlanthe ruled out standing for election as ANC leader at the end of this year when Zuma is scheduled to step down, even if asked to run. Black people make up 80 percent of the 54 million population, yet the lion's share of the economy in terms of ownership of land and companies remains in the hands of white people, who account for around ... Read More

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