Finance news

• Venezuela's Maduro hikes minimum wage for fifth time in a year

  08-01-2017 22:47 via news.yahoo.com
  
  Venezuela's socialist President Nicolas Maduro announced on Sunday a 50 percent hike in the minimum wage and pensions, the fifth increase over the last year, to help shield workers from the world's highest inflation rate. "In times of economic war and mafia attacks ... we must protect employment and workers' income," added Maduro, who has now increased the minimum wage by a cumulative 322 percent since February 2016.
  
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• MIDEAST STOCKS - Factors to watch - Jan 8

  08-01-2017 04:28
  
  Jan 8 (Reuters) - Here are some factors that may affect
  Middle East stock markets on Sunday. Reuters has not verified
  the press reports and does not vouch for their accuracy.
  
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• Trump has economic grace period, despite uncertainties

  08-01-2017 03:14 via news.yahoo.com
  
  Donald Trump has not yet taken office, but he is already boasting that his election has restored confidence in the American economy, and saved jobs. With a series of tweets, he has singled out several major companies and demanded they bring factories back to the United States to boost manufacturing and employment. American carmaker Ford canceled construction of a plant in Mexico to instead invest in the United States and create 700 jobs, citing a "vote of confidence" in the economic agenda of th
  
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• Thousands of Mexicans protest gasoline price hikes

  08-01-2017 01:26 via news.yahoo.com
  
  By Roberto Ramirez MEXICO CITY (Reuters) - Mexicans angry over a spike in gasoline prices took to the streets of Mexico City on Saturday after days of protests spurred looting in hundreds of stores, resulting in over a thousand arrests in Latin America's second-largest economy. Mexico's government hiked gasoline costs by 14 to 20 percent earlier this month, fueling outrage among Mexicans already facing rising inflation and adding to a long list of headaches besetting President Enrique Pena Nieto
  
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