Bloomberg

China Faces Stiff Battle to Sideline the Dollar in Valuing Yuan
Bloomberg
China took another step to degrade the dollar in defining the value of its currency, in an effort that cuts against its rival's stubbornly strong hold on the global financial system. An arm of the People's Bank of China, which last year started setting
China economy improving, rate hike a possibility-c.bank adviserReuters
Yuan is Not Done Being Battered by the US DollarNasdaq
China Retools in Push to Stabilize YuanWall Street Journal
Economic Times –DailyFX –The Fiscal Times –Barron’s (blog)
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Reuters

Euro soars, dollar slips in holiday-thinned trade
Reuters
A man walks past an advertisement promoting China's renminbi (RMB) or yuan, U.S. dollar and Euro exchange services at foreign exchange store in Hong Kong, China, August 13, 2015. REUTERS/Tyrone Siu. TOKYO The euro jumped to its highest in three …
GLOBAL MARKETS-Asia stocks, dollar subdued on last trading day of 2016, euro spikes brieflyBusiness Insider
Asian stocks subdued amid profit-takingNEWS.com.au
Dollar Drops to Two-Week Low Versus Yen as Treasury Yields FallBloomberg
The Fiscal Times –Henderson State University News Blog –Retail Crowd –Daily Mail
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Business Insider

Amazon looks to the sky to store products
Business Insider
(Reuters) – Amazon.com Inc has filed for a patent to use airships to store products and serve as a base for delivery-drones. The patent application was filed two years ago but was spotted only on Wednesday by Zoe Leavitt, an analyst at technology data
Amazon seeks patent for system that links up drones to create a Borg for deliveriesGeekWire
A warehouse blimp? Drones parked on lamp posts around the city? Amazon takes to skiesMiami Herald
Amazon's Airship Patent Brings Science Fiction Closer to RealityTheStreet.com
Ars Technica –PC Magazine –Quartz –Nasdaq
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Oneindia

51 days of demonetisation: The nightmare at the ATMs persist
Oneindia
Most ATMs are still not dispensing the Rs 500 note as yet and this has led to a change crunch with people holding currency of the higher denomination. Written by: Vicky Nanjappa. Published: Friday, December 30, 2016, 8:30 [IST]. Subscribe to Oneindia …
Demonetisation: Deadline to deposit old notes in banks ends todayIndia TV
Let cash curbs stay till new notes come in, banks tell govtThe Indian Express

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USA TODAY

Wiring maker General Cable will pay $82.3M in SEC case
USA TODAY
General Cable, a company that makes wiring, will pay $82.3 million to the federal government to resolve investigations into accounting practices and potential violations of a law that prohibits the payment of bribes to foreign officials. The company
Wire Company Agrees to Pay $82 Million to Resolve Bribery CaseWall Street Journal (blog)
General Cable fined $20 million penalty in Asia, Africa schemes -U.S.Business Insider
Cable Company Settles Bribery Lawsuit With DOJ For $25 MillionDaily Caller
Fortune –Cincinnati Business Courier –Accounting Today –Business Wire (press release)
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The Boston Globe

Another Wave Of Sears And Kmart Store Closures
Seeking Alpha
It probably still needs to close many more stores in 2017, and I'd expect another announcement about store closures around April, with July closing dates. Store closures help reduce Sears' inventory needs, but also harm the value of some of its assets
Sears CEO to Open His Wallet Once Again to Keep Retailer AfloatBloomberg
Sears CEO Lends Struggling Retailer Another $200 MillionFortune
Sears Holdings to close Kmart store in Phenix CityColumbus Ledger-Enquirer
New York Post –NBC2 News –The Sun Chronicle –Patch.com
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Los Angeles Times

Stocks edge down and oil prices slip
Los Angeles Times
A day of quiet trading on Wall Street ended Thursday with major U.S. stock indexes posting slight losses for the second day in a row. Banks and energy companies led the slide, while high-dividend stocks like utilities, real estate investment trusts and
US stocks drift lower in afternoon trading; oil price slipsDaily Astorian

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CNNMoney

Trump and trade: What you need to know before he takes office
CNNMoney
It's a promise President-elect Donald Trump made over and over this year. Now he has to deliver, and he plans to start by getting tough on two of America's top trade partners: Mexico and China. Trade is often dense and dry. But when Trump takes office
Big changes likely in '17The Japan Times
Trump signals a 180-degree turn on China policyDallas News (blog)

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CNBC

Burger King, Tim Hortons to curb antibiotics used in chicken
CNBC
Clients order their meal at a Burger King store in Saint-Lazare railway station in Paris. Restaurant chains Burger King and Tim Hortons plan to switch to chicken raised without antibiotics considered "critically important" to human medicine, their
Is Burger King's antibiotic policy less than meets the eye?Los Angeles Times
Burger King announces antibiotic-free chicken for 2017Fox News
Restaurant Brands Switch to Healthier Poultry Is Not Reason Enough to Jump on the StockTheStreet.com
Sacramento Bee –FanSided –Natural Resources Defense Council –QSRweb.com
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Wall Street Journal

Toshiba Shares Crash After Write-Down Warning
Wall Street Journal
TOKYO— Toshiba Corp. shares fell more than 20% on Wednesday, the maximum allowed for the day, after a warning about a multibillion-dollar write-down caused investors to flee. The fall followed a 12% decline on Tuesday after initial reports of the …
Toshiba Falls by Limit as U.S. Nuclear a Nightmare for CostsBloomberg
Toshiba shares crashed 20% after Japanese company warns of multibillion writedownBusiness Insider
Writedown fears send Toshiba shares down 20%, hit daily limitCNBC
BBC News –The Guardian –Pittsburgh Post-Gazette –The Boston Globe
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