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Senator accuses Sessions of 'impeding' Senate investigation by not answering questions

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Sessions insisted his conversations with Russian Ambassador Sergey Kislyak past year were innocuous. He says he does not recall any private meetings or conversations with Russian officials at that event. "I am not stonewalling ", Sessions said. "You don't walk into any hearing or committee meeting and reveal confidential communications with the President of the United States ". Read More »

House passes Dodd-Frank roll-back

He will oversee more than 1,000 lenders, including big Wall Street banks . (One Republican voted against; not a single Democrat voted in favor.) The legislation essentially guts the Dodd-Frank financial regulations former President Barack Obama put in place in 2010. Read More »

Global stocks gain as investors shrug off tech rout, eye Fed

Similarly, Goldman's Hatzius said the FOMC's statement will likely suggest an uptick in economic activity but should recognize that inflation growth has slowed since earlier this year. One reason: With unemployment so low, "the U.S.is running out of people to hire", says Eric Lascelles, chief economist at RBC Global Asset Management. Read More »

Oil futures climb 1 percent after United States stockpile draw

The rise in USA production has been driven by a record 20th straight weekly rise in oil drilling for new production, with the rig count climbing by 11 in the week to June 2, to 733, the most since April 2015. Crude oil inventories again fell significantly, draining USA stockpiles by more than 10 million barrels over the past two weeks, the Energy Department reported Thursday. Read More »

Leahy angry Sessions canceled on appropriations hearing

But his testimony will be a dramatic sequel to the fired FBI chief's tour de force that twisted a knife in President Donald Trump's administration over the Russian Federation investigation and still has Washington buzzing. The attorney general shared his belief that it did not violate his recusal from the Russian Federation investigation to be involved in firing Comey, something Sen. Read More »

Asian stocks up as investors shrug off tech rout, eye Fed

But if the Fed sounds more pessimistic, investors may look for yield and safer investments and buy bonds, gold and high-dividend stocks instead. Fed officials are now intentionally slowing down the economy by raising interest rates because they believe that we have reached full employment and that if too many more jobs get created, inflation will rise above 2%. Read More »

Sessions wants his testimony open to public

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Senators want to get Sessions' take on all this. Sessions on Saturday said he would appear before the intelligence committee, which has been doing its own investigation into Russian contacts with the Trump campaign. The last person to leave was Jared Kushner, who also stood by my chair and exchanged pleasantries with me. "The president then excused him, saying he wanted to speak with me". Read More »

Attorney General Jeff Sessions testifies on Russia probe, Comey firing

Sen. Heinrich then demanded Sessions tell him what these "long standing DOJ rules" Sessions alluded to, that ban him from answering questions "without invoking executive privilege ". "People are suggesting through innuendo that I have been not honest. and I've tried to be honest". Senators are expected to hone in on Comey's recounting of a February 14 White House meeting where Trump pressed the director to drop the FBI's inquiry into national security adviser Michael Flynn. Read More »

Uber CEO to take leave, leadership team to run company

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Uber chief executive Travis Kalanick announced today he would take an indefinite leave of absence as the embattled ridesharing giant unveiled steps to reform a corporate culture marred by a series of embarrassing revelations. Board member David Bonderman also resigned from the Board of Directors hours after making a sexist remark at a staff meeting. The Covington & Burling report calls for "at least one woman and/or member of a population now underrepresented on each applicant interview ... Read More »

Why Jeff Sessions says he can't talk

In his dramatic appearance before former colleagues, Mr Sessions also contradicted a contention made by former FBI Director James Comey at a hearing before the same panel last week . "I do not" Sessions said when asked whether he knows whether the president records his conversations. Legal analysts, though, were split on whether Sessions did so correctly on Tuesday. Read More »

Golden State Warriors seal 4-1 victory over Cleveland Cavaliers

It's stunning, really, to even consider them in the same league as Golden State. "Steph played like a big dog", Durant said . He dramatically drove and dunked on Cleveland's defense, knocked down big 3-pointers and blocked shots while handling the load of defending King James. Read More »

Golden State Warriors take NBA title

But a stone-faced LeBron James refused to be drawn on his plans. Consider this: Warriors guard and two-time NBA MVP Steph Curry averaged 26.8 points, 9.4 assists and 8 boards during the Finals. Now we are left to an offseason of people wondering just how long this dynasty could last . I put in work, I just had to trust in it. This time , King James gave way to KD, who was the NBA Finals MVP 10 years after being picked second in the NBA draft behind Greg Oden. Read More »

Police release photos of London attackers' fake bomb belts

A Met Police spokesman said: "Police are investigating lots of different lines of inquiry including Butt's activities with young people in Redbridge". The van also had office chairs and a suitcase. Another said: They (the attackers ) can't harm what London is. Police Commander Dean Haydon speculated that the bloodthirsty zealots might have worn bomb props "as protection from being shot themselves". Read More »

Trump Won't Try to Block Comey Testimony With Executive Privilege Claim

Asked by host George Stephanopoulos if the president would invoke executive privilege to stop Comey from speaking, Conway ranted that they would "be watching him", before impugning the former director's credibility. Two meeting of Kushner will be in the spotlight - one with the Russian Ambassador to the U.S. and the other with the chief of a Russian bank. So I can't comment. Read More »

ECB president sees inflation still subdued

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Data by statistics agency Eurostat released yesterday showed euro zone gross domestic product rose 0.6 per cent in the first quarter, stronger than initially estimated . The bank is also persisting with its programme of buying €60bn worth of bonds every month. Draghi said he didn't hear any "dissenting voice" to proposals that were put forward at the meeting and that tapering of the central bank's asset-purchase program was not discussed on Thursday. Read More »

Guess Who Cheated On The OPEC Output Deal?

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The oil price hit one-month lows last week, as evidence of rising output beyond the United States , in the likes of Libya and Nigeria , added to investor bearishness over supply. "The re-balancing of the market is underway", according to the report by OPEC's Vienna-based secretariat. "While short term bulls may benefit from the speculative boosts in prices caused by Saudi Arabia's statement, this does not change the longer term bearish dynamics", Otunuga said. Read More »

British inflation rate rises to 4-year high of 2.9 pct

The year-on year inflation rate measured by the CPI with 2012 as the base year with an index of 100 stood at 13.0% in April 2017 as against the 12.80% recorded for March 2017, representing a monthly rate of change of 1.56%. Food price inflation stood at -1.05 in May 2017 against 0.61 per cent in April and 5.76 per cent in May a year ago. The housing segment saw inflation remaining at the same rate of 4.8%. Read More »

Trump's attorney general Sessions faces Russian Federation grilling

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Mr Sessions, an early supporter of Mr Trump's election campaign, will be the most senior government official to testify to the committee on the Russian Federation issue, which has dogged the Republican president's early months in office. "We are so grateful that he will finally be with people who love him". Director Comey said during his Senate testimony that the reasons put forth by the Trump administration for his dismissal didn't make any sense. Read More »

Embattled Theresa May names new Cabinet as critics circle

May had been expected to win comfortably. With the Brexit talks set to be held on 19 June , EU leaders predicted that it may be possible that the United Kingdom will demand a delay from the European Union as the formation of a government can possibly take a while following the results of the general elections. Read More »

United Kingdom poll: After result, media allies turn on PM May

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A final pre-election projection published Thursday by pollster Michael Ashcroft predicted a Conservative majority of 76 seats, gaining ground as Labour and the Scottish nationalists slip back. Speaking after being re-elected to his London seat, Corbyn said May should "go. and make way for a government that is truly representative of all the people of this country". Read More »

States will have to bear farm loan waivers: FM

The government also has an elaborate information machinery to help kisans. "We have announced the biggest-ever loan waiver to give relief to distressed farmers". Finance Minister Arun Jaitley , however, said states have to raise their own funds to reimburse the farm loan-givers, mostly banks, since they will not get their money back from farmers. Read More »

Oil Prices Nosedive After Massive US Crude Inventory Build

Overnight, crude futures settled sharply lower, after data on Wednesday showed that supplies of USA crude rose for the first time in nine weeks, adding to concerns that rising United States oil output would undermine Opec and its allies' efforts to curb supply. Read More »

DUP leader says talks with Conservatives 'positive'

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It comes after the Prime Minister apologised to her MPs for the election result telling them "I got us into this mess and I will get us out of it". Anne-Marie Trevelyan, MP for Berwick-upon-Tweed, said MPs also celebrated the prime minister's decision to remove her much criticised joint chiefs of staff Nick Timothy and Fiona Hill , who have been accused of running Downing Street in a bullying manner, and the decision to replace them with former MP Gavin Barwell . Read More »

UK's May Vows to Deliver Conservatives From 'Mess' Caused by Election Setback

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May has a busy schedule Tuesday, hosting a cabinet meeting and talks with the DUP leader before traveling to Paris to meet French President Emmanuel Macron . May's Conservatives unexpectedly lost their majority in parliament in last Thursday's snap general election, unleashing political chaos ahead of Brexit talks with the European Union , which are set to start next Monday. Read More »

Britain's May to Face Her Party amid Post-Election Tumult

While some members of her party have said she will have to go eventually, Ms May is expected to stay on as Prime Minister at least for now. Policies now in doubt include the commitment for a wave of new grammar schools as well as the government's controversial social care plans. Read More »

EU hints that Brexit talks may not start on time

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The Unionists, led by Arlene Foster, want to minimise the impact of Brexit on Northern Ireland and its relationship with the Republic of Ireland - which will signal a need for a much less hardline approach to the forthcoming Brexit negotiations with the EU. Read More »

Southgate to study options as England set foot in France again

Gordon Strachan's men were now in touching distance of a massive win before captain Harry Kane netted deep into injury-time from a Raheem Sterling centre. "[It was] a game we should win, a game we were in total control of", said Southgate. "To do it twice in however many minutes it was after not really having a sniff the whole game, it was a big moment for him". Read More »

Uber executive Emil Michael steps down as critical report looms

On Sunday, Uber directors weighed on a three-month leave of absence for Travis Kalanick , the 40-year-old CEO who founded the start-up and have turned it into a almost $70 billion entity, reports The News York Times . Hundreds of employees are going to be interviewed and Emil Michael might be removed from the picture. The ongoing crises at Uber just led to its most high-profile executive departure yet. Read More »

Theresa May faces ousting after United Kingdom election shock

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The Daily Telegraph and The Times, which, like the Sun and Mail, supported the Conservatives before the election, also warned that May's future was at risk . "The prime minister called the election because she wanted a mandate". Though the electorate appears to still favor some form of Brexit, the results of Thursday's vote ultimately undermine May as she prepares to take on hardened European Union negotiators in Brussels. Read More »

UK PM May said wants broader consensus on Brexit plan -lawmaker

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Senior members in Theresa May's government are moving to support her leadership despite doubts about whether she will remain in power following a disastrous election result. May will attend a meeting of the 1922 Committee of Conservative lawmakers on Monday, some of whom have called for her to be ousted. Those now in the process of buying or selling a home may wish to pause for several weeks until the country's future is more certain; at this moment in time it is hard to tell which ... Read More »

Trump Wants To Give Air Traffic Control A Major Update

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Still, Trump's call for privatizing air traffic control comes during an unprecedented era of safe aviation in the U.S. There hasn't been a fatal accident in the last eight years, according to the Associated Press . The FAA, Trump said, would not be focused predominantly on flight safety. Trump and Transportation Secretary Elaine Chao said the change would also reduce costs and fuel consumption for airlines. Read More »