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Global Markets: U.S. Wal-Mart to raise minimum wage

By Commodity News Service Canada
WINNIPEG, Jan. 11, 2018 (CNS) – The following is a glance at the
news moving markets in Canada and globally.
Wal-Mart Stores Inc. announced Thursday it will be raising
the entry-level wage for American employees to US$11 an hour,
due to the United States tax overhaul which was passed before
Christmas. The wage increase will take effect in February and
will benefit more than one million workers. As well Wal-Mart is
expanding maternity and parental leave benefits, as well as

offering a one-time cash bonus, based on length of service, of
up to US$1,000.
Number two United States automaker Ford Motor Co. has
announced it will make automatic emergency brakes standard on
two key 2019 models, in an effort for the company to catch up to
rivals. Ford will fit the brakes on its 2019 Edge midsize
crossover vehicle and its 2019 Ranger midsize pickup. The brakes
will include technology which detects objects and pedestrians,
and can prevent collisions by automatically braking and steering
for the driver.
South Korea has announced its plans to ban cryptocurrency
trading, which sent bitcoin prices plummeting. The clampdown in
South Korea, a crucial source of global demand for
cryptocurrency, comes as policymakers around the world are
struggling to regulate cryptocurrencies. After the market
plunged, the South Korean president’s office announced the ban
hasn’t been finalized yet and other measures are still being
considered.

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