Can Bega take on the likes of Nutella with Vegemite?

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Janet Yellen says US Federal Reserve's focus is on economy

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Canada's factory sales rebound, climb 1.5 per cent in November

The Globe and Mail - 1 hour ago
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Hunter Harrison steps down at CP to join push for change at US railroad

The Globe and Mail - 15 hours ago
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Bank of Canada governor Stephen Poloz says rate cut remains on table

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US housing starts surge in December; jobless claims near 43-year low

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Britain 'open for business', Prime Minister tells World Economic Forum

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Behind the bravado: why Theresa May has to play hardball on hard Brexit

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'Just be patient': European Central Bank President Mario Draghi responds to German critics

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  • U.S housing starts surge in December; jobless claims near 43-year low

    U.S. homebuilding rebounded more than expected in December as a strengthening economy boosts demand for rental housing. Other data on Thursday showed the number of Americans filing for unemployment benefits unexpectedly falling last week to a near 43-year low, pointing to a further tightening in the labor market that should underpin economic growth this year. Housing starts jumped 11.3 percent to a seasonally adjusted annual rate of 1.23 million units last month, the Commerce Department said. […]

  • Wall St. opens flat a day before Trump takes office

    (Reuters) - U.S. stocks opened little changed on Thursday, with investors seemingly wary of taking on risk ahead of Donald Trump's swearing-in as U.S. president on Friday. […]

  • ECB maintains stimulus, tells critics: 'Be Patient'

    The European Central Bank kept its super-easy monetary policy unchanged as expected on Thursday and its president, Mario Draghi, told critics of his stimulus path to be patient and wait for the euro zone's recovery to take firm hold. With growth slowly picking up pace, the ECB kept its various rates at next to nothing or negative and asset buys at a record pace. "The recovery of all of the euro zone is in the interests of everybody, including Germany," ECB President Mario Draghi told a news conference, responding to criticism, notably from Berlin, of his stimulus program. […]

  • Starwood to buy Canada's Milestone Apartments REIT in $2.9 billion deal

    (Reuters) - A unit of private investment firm Starwood Capital Group said it would buy Canada's Milestone Apartments Real Estate Investment Trust in a deal valued at about $2.85 billion. Starwood Capital will pay $16.15 in cash per Milestone Apartments unit, the REIT said. Based on current exchange rates the offer equates to about C$21.47 per Milestone Apartments unit, which is a premium of 9.2 percent to the unit's close of C$19.66 on Wednesday. ... […]

  • Anthem extends Cigna deal closing date ahead of court ruling

    Anthem Inc on Thursday said it extended the deadline for its acquisition of Cigna Corp by three months as it awaits a federal court ruling on the U.S. government's lawsuit to block the deal. Anthem, which operates Blue Cross Blue Shield health insurance plans in 14 states, is trying to buy smaller rival Cigna. Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia has not yet issued an opinion on the case. […]

  • Banks put 'hard' Brexit move plans into action

    By Anjuli Davies and Andrew MacAskill LONDON (Reuters) - Global banks have begun signaling how they will put plans into action to cope with a "hard" exit by Britain from the European Union. Until now, banks have considered varying degrees of upheaval to their British-based businesses, depending on whether the outcome of Brexit was "hard" or "soft." But after Prime Minister Theresa May said that Britain would leave the single market, bankers have already begun giving more details on how they will adapt. Bank executives will present plans to their boards in the coming months outlining where they want to relocate operations to and how much it will cost, banking industry sources said. […]

  • 11 US jobs that pay more than $100K

    Positions at Apple, Google, and Facebook are included in a Glassdoor list of jobs with six figure salaries at top-rated places to work. […]

  • Davos CEOs 'go local' on supply chain in Trump era

    Business leaders in Davos, traditionally the high priests of globalization, are talking up the benefits of local production this week to shield themselves from criticism from incoming U.S. President Donald Trump. Elected on a jobs-focused "America First" platform, Trump has taken to Twitter to rebuke major companies like General Motors, Lockheed Martin and United Technologies, either for making goods in Mexico or for the price of their products. At this week's World Economic Forum (WEF), a gathering of business and political elites in the Swiss Alps synonymous with free markets, company bosses said they were now preparing to adjust to the Trump era. […]

  • China says can resolve trade disputes with new U.S. government

    China and the United States can resolve any trade disputes through talks, the government said on Thursday, as a Chinese newspaper warned U.S. business could be targets for retaliation in any trade war ushered in by President-elect Donald Trump. Trump, who is sworn into office on Friday, has criticised China's trade practices and threatened to impose punitive tariffs on Chinese imports. Billionaire investor Wilbur Ross, Trump's choice for commerce secretary, voiced sharp criticism of China's trade practices on Wednesday, telling senators he would seek new ways of combating them. […]

  • U.S exchanges rent helicopter, drape banner in pursuit of Snapchat IPO

    By Lauren Hirsch, Liana B. Baker and Olivia Oran SAN FRANCISCO/NEW YORK (Reuters) - This past November, Nasdaq Inc hired a helicopter to film Manhattan's skyline using Snapchat's new video-camera sunglasses and sent the aerial footage to its social media followers. The New York Stock Exchange - its arch-rival - on the same day tweeted a video shot from the floor of its exchange, showing that it too was using the social media giant's gadget. The scramble to promote Snapchat's "spectacles" is revealing the fierce competition between the two exchanges to host initial public offerings (IPOs) of prominent technology startups. […]

Quote of the Day
Janeane Garofalo
Janeane Garofalo
1964 -
"Human cloning would not lead to identical souls, because only God can create a soul," a panel set up by Pope John Paul has concluded. They also took care of a couple other things that were burning issues: Apparently, Trix are indeed for kids.
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Quake-triggered avalanche buries Italian hotel, rescuers fear 'many dead'

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Choice for Health Secretary Is Vague on Replacing Affordable Care Act

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In Manning clemency call, Obama sought to reduce sentence viewed as 'nuts'

Washington Post - 14 hours ago
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Raging fire collapses iconic Iranian high-rise, killing at least 30 firefighters

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