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Below please find daily updates pertaining to the latest in financial, business, and tax news:
Chinese authorities say they are prosecuting the chairman of the Chinese insurance firm that owns New York's Waldorf Astoria, accusing him of "economic crimes."...Fri, Feb 23, 2018
Some of China's biggest companies are now much more focused on selling international assets rather than buying them....Thu, Feb 22, 2018
Three big companies are investigating allegations that prisoners in China made packaging bearing their brand names....Fri, Feb 23, 2018
Royal Bank of Scotland is making money again after nine years and $81 billion in losses, but investors are worried about a looming US fine for selling toxic mortgages....Fri, Feb 23, 2018
Treasury Secretary Steven Mnuchin said wages can rise without sparking inflation. Economists say Mnuchin's comment is true only in a perfect setting. In the current reality, wages and inflation will likely move in tandem, they say....Thu, Feb 22, 2018
The Commerce Department launched an investigation into whether imported rubber bands are unfairly competing against the U.S. industry....Thu, Feb 22, 2018
Long Blockchain, which used to be known as Long Island Iced Tea, is being called out by Nasdaq for allegedly trying to fool investors by capitalizing on the bitcoin craze....Thu, Feb 22, 2018
The roaring American economy is likely to sink into a recession prior to President Trump's bid to get reelected in 2020....Thu, Feb 22, 2018
Angry Birds maker Rovio has lost more than half its value since going public in October. Its shares plunged Thursday after it warned revenue and profits could fall this year....Thu, Feb 22, 2018
Tim Chevalier, a former Google engineer, is accusing the company of firing him after he spoke out about repeated incidents of racism, sexism and harassment....
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