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September, 29, 2016

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Business > Americas
The U.S. dollar edged down against the yen Thursday, snapping a week-long winning streak as traders await jobs data that could seal the case for a September U.S. interest rate hike.
 
The National Labor Relations Board is ordering Volkswagen to engage in bargaining with a group of skilled-trades workers who voted to be represented by the United Auto Workers union at the German automaker's lone U.S. plant in Tennessee.
 
The pace of gains in U.S. home prices slowed in June but solid demand and tight supplies should keep a floor on the market, analysts said Tuesday.
 
Asian, Vegas investors bet big on Sin City's Chinese tourism
Sin City and Asian investors are going all in on Chinese tourism, as some of Las Vegas' latest developments on and off the Strip target Chinese nationals and Chinese-Americans.
 
Farmers' overtime bill heads to California governor
Four decades after he signed the nation's first law giving farmworkers collective bargaining rights, California Governor Jerry Brown will again consider a historic proposal calling for farmworkers to receive the same overtime pay as other hourly workers, after the Assembly approved legislation Monday to phase in the change.
 
The U.S. dollar added to its gains Monday after U.S. Federal Reserve boss Janet Yellen suggested an interest rate hike this year was still on the table.
 
The start this week of the first regularly scheduled commercial flights from the United States augurs the likely demise of Cuba's "mules" -- suppliers of last resort for scarce consumer goods on the island.
 
Trump win could cause global recession: Citi
If New York developer Donald Trump wins the White House in November, the global economy could slip into recession, according to a forecast from Citigroup Thursday.
 
Brewer AB Inbev expects thousands of job cuts in merger deal
The world's largest brewer, AB Inbev, says it expects to cut about 3 percent of its total workforce -- equivalent to thousands of jobs -- once it completes its huge merger with its closest rival, SABMiller.
 
It's perhaps the most contrarian move in investing today: Trust a stock picker. Investors have been dumping funds run by managers who try to beat the market, and they're pouring money instead into those that track the Standard & Poor's 500 or other indexes.
 
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