Beijing will retaliate if US-China trade relations are not mutually beneficial: Former diplomat

Beijing will retaliate if US-China trade relations are not mutually beneficial: Former diplomat

Beijing is holding back on a response to the recent U.S. announcements about punitive trade moves, but the situation may escalate if no mutually beneficial solution is found, a former diplomat said on Thursday. President Donald Trump last week said that the U.S. will be imposing heavy duties on steel and aluminium imports, a sweeping move against all countries, but one that is seen to be targeted primarily at China. This was even though Chinese…

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Health insurer Cigna is close to buying Express Scripts

Health insurer Cigna is close to buying Express Scripts

U.S. health Insurer Cigna Corp is close to buying pharmacy benefit manager Express Scripts Holding Co, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The terms of the potential deal were not known, but a deal could be announced as soon as Thursday, the WSJ said. Express Scripts had a market value of $41.43 billion as of Wednesday’s close, according to Thomson Reuters Eikon data. Express Scripts declined to comment…

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Health insurer Cigna is close to buying Express Scripts, report says

Health insurer Cigna is close to buying Express Scripts, report says

U.S. health Insurer Cigna Corp is close to buying pharmacy benefit manager Express Scripts Holding, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The terms of the potential deal were not known, but a deal could be announced as soon as Thursday, the WSJ said. Express Scripts had a market value of $41.43 billion as of Wednesday’s close, according to Thomson Reuters Eikon data. Express Scripts declined to comment on…

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Supposed financial technology firm SixCap is getting liquidated

Supposed financial technology firm SixCap is getting liquidated

Singapore-based Six Capital Investments, a firm that touted itself as a financial technology innovator but which has been plagued by scandal for months, is being liquidated. The company, known as SixCap, was placed into insolvent liquidation last month in the British Virgin Islands where it’s incorporated, according to a statement dated Feb. 26 from appointed liquidator Baker Tilly. Investors and creditors were told they’re collectively owed more than $143 million, according to a Wednesday report…

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Full MH370 report to be released after latest search for the missing plane ends

Full MH370 report to be released after latest search for the missing plane ends

The full investigation report into the disappearance of Malaysia Airlines flight MH370 will be released after the latest search efforts are completed, officials said on Thursday, four years after the aircraft first went missing. Flight MH370, carrying 239 people onboard, became one of the world’s greatest aviation mysteries when it disappeared on its way from Kuala Lumpur to Beijing on March 8, 2014. Malaysia agreed in January to pay U.S. firm Ocean Infinity up to…

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China says it will make necessary response in event of trade war with US

China says it will make necessary response in event of trade war with US

China’s foreign minister Wang Yi said on Thursday that China would make a necessary response in the event of a trade war with the United States but added that such a war would only harm all sides. Speaking on the sidelines of an annual meeting of China’s parliament, Wang said China had no intention of displacing the United States and that the two countries did not have to be rivals but should strive to be…

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China calls on US and North Korea to have talks as soon as possible

China calls on US and North Korea to have talks as soon as possible

China’s foreign minister Wang Yi called on the United States and North Korea on Thursday to have talks as soon as possible. He said that peace must prevail, amid signs of easing tension over North Korea’s nuclear and missile threats. Wang made the comments during a news briefing as part of the annual meeting of China’s parliament. Free America Network Articles

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Japanese authorities issue punishments to several cryptocurrency exchanges

Japanese authorities issue punishments to several cryptocurrency exchanges

Japanese regulators on Thursday issued punishment notices to several cryptocurrency exchanges and forced others to halt business, in an effort to shore up consumer protection after the $530 million theft of digital money from Tokyo-based bitcoin exchange Coincheck. The Financial Services Agency issued business improvement orders to Coincheck and six other exchanges. It ordered the suspension of operations at Bit Station and FSHO for one month starting Thursday, the FSA said in a statement. The…

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Florida House passes new gun restrictions against NRA wishes

Florida House passes new gun restrictions against NRA wishes

The Florida House passed a school safety bill Wednesday that includes new restrictions on rifle sales and a program to arm some teachers, sending the measure to the governor for his signature. The vote of 67-50 reflected a mix of Republicans and Democrats in support and opposition. The measure, a response to the shootings at a Parkland high school that left 17 dead, is supported by the victims’ families. Andrew Pollack, who lost his 18-year-old…

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Cramer Remix: The red flag in the S&P 500

Cramer Remix: The red flag in the S&P 500

As stocks sold off on Wednesday, CNBC’s Jim Cramer noticed a disturbing pattern occurring in the market. “The wrong stocks are going up,” the “Mad Money” host warned. “The universe of winners has gotten incredibly small.” Cramer could count the winning stocks — almost all involved in cloud-based functions in technology — on two hands. But he also worried that one of the market’s major averages could be amplifying the problem: the S&P 500. “The…

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