China canal project in Nicaragua has investors

Nicaraguan President Daniel Ortega and Wang Jing of HKND Group. HONG KONG (CNNMoney) Telecom executive Wang Jing told reporters in Beijing that work should start on the canal by the end of 2014 and finish within six years. Lawmakers in Nicaragua...

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Mexico eyes China as new tequila market

Some high-end tequilas such as Jose Cuervo, Herradura, Patron and Don Julio will be largely launched in Beijing, Shanghai and Hong Kong by the end of the year. NEW YORK (CNNMoney) The two countries agreed to increase tequila imports from Mexico...

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Betting on the royal baby

Prince William and the Duchess of Cambridge are due to welcome their first child in July. NEW YORK (CNNMoney) It will also be a chance for some people to win big money. As Prince William and the Duchess of Cambridge prepare to welcome their...

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4 stocks I'm buying to ride U.S. energy boom

Occidental Petroleum Corp v. Kinder Morgan NEW YORK (CNNMoney) This week, the sector will be in focus, with President Obama expected to unveil a national plan to combat climate change on Tuesday. The energy renaissance has also been on the...

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Brazilian stocks among world's worst performers

Click chart for more data on global markets. NEW YORK (CNNMoney) The Bovespa Stock Index (IBOV) is down more than 20% so far this year, making it the worst performer among the major emerging markets. Investors have been pulling out of emerging...

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76% of Americans are living paycheck-to-paycheck

Consumers feel better about their finances, but savings rates remain stagnant. NEW YORK (CNNMoney) Fewer than one in four Americans have enough money in their savings account to cover at least six months of expenses, enough to help cushion the...

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Next week you'll pay more for a Starbucks latte

Starbucks, next Tuesday, is raising U.S. prices by an average of 1% for its brewed drinks to help offset an increase in business costs. NEW YORK (CNNMoney) The price hike will affect beverages including Starbucks' (SBUX, Fortune 500) brewed coffee,...

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LeBron will never be an endorsement star like Jordan

NEW YORK (CNNMoney) He may be a great basketball player, but endorsement experts say that off the court, he's still no Michael Jordan. James has $39 million in annual endorsements, more than any other active athlete, according to the Fortunate...

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Pending law would block Tesla sales in New York

Elon Musk and Tesla are battling dealership associations throughout the country for the right to sell vehicles directly to customers. NEW YORK (CNNMoney) Tesla said in a statement Friday that if the bill passes, it will be "put out of business...

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Next week you'll pay more for a Starbucks latte

Starbucks, next Tuesday, is raising U.S. prices by an average of 1% for its brewed drinks to help offset an increase in business costs. NEW YORK (CNNMoney) The price hike will affect beverages including Starbucks' (SBUX, Fortune 500) brewed coffee,...

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LeBron will never be an endorsement star like Jordan

NEW YORK (CNNMoney) He may be a great basketball player, but endorsement experts say that off the court, he's still no Michael Jordan. James has $39 million in annual endorsements, more than any other active athlete, according to the Fortunate...

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Pending law would block Tesla sales in New York

Elon Musk and Tesla are battling dealership associations throughout the country for the right to sell vehicles directly to customers. NEW YORK (CNNMoney) Tesla said in a statement Friday that if the bill passes, it will be "put out of business...

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10 firms named as first Libor trial begins

Former UBS and Citigroup banker Tom Hayes is the first person to appear in court in connection with the Libor rigging investigation. LONDON (CNNMoney) Tom Hayes appeared in court Thursday to hear eight charges of conspiracy to defraud by trying...

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7-Eleven cracks down on franchises following fed bust

U.S. Attorney Loretta Lynch of the Eastern District of New York charged nine owners and managers of 7-Eleven franchises of stealing identities and exploiting illegal immigrants. NEW YORK (CNNMoney) The 7-Eleven company said Thursday that self-reviews...

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Instagram video: Vine killer and not much else

Facebook's Video on Instagram launched Thursday. NEW YORK (CNNMoney) Video on Instagram works almost exactly as CEO Kevin Systrom said it would -- quick and simple. The new feature, developed by the Facebook-owned (FB) Instagram, bears much resemblance...

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Google files First Amendment court case against NSA surveillance secrecy

NEW YORK (CNNMoney) In a First Amendment plea lodged with the secretive U.S. Foreign Intelligence Surveillance Court, Google (GOOG, Fortune 500) asked that the court let it disclose the scope of the newly discovered "Prism" program. Google also asked...

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Immigration bill could cut deficits by $175 billion - CBO

New CBO report of Senate immigration bill estimates 8 million unauthorized residents would become legal in the first decade after enactment. NEW YORK (CNNMoney) That's according to an analysis released Tuesday by the nonpartisan Congressional Budget...

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China's fastest-growing cities for millionaires

The population of multi-millionaires in no-name Chinese cities is growing at a breakneck pace. Case in point: Chongqing's multi-millionaire population grew by nearly 80% between 2007 and 2012. LONDON (CNNMoney) Make room for some new up-and-coming...

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