Business
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Apple dismisses over 200 staff from autonomous vehicle group: CNBC
The logo of Apple is seen at a store in Zurich, Switzerland January 3, 2019. REUTERS/Arnd Wiegmann (Reuters) – Apple Inc has dismissed more than 200 employees from its autonomous vehicle group, Project Titan, CNBC…
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Airbus threatens to shift work if Britain leaves EU with no deal
PARIS (Reuters) – Airbus warned on Thursday it could shift future wing-building out of Britain in the absence of a smooth exit from the European Union, predicting “potentially very harmful decisions” for its British operations…
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Gloomy data shoves euro lower ahead of ECB meeting
LONDON (Reuters) – The euro retreated while stocks and bonds rallied on Thursday, as painful data from France and only modestly better readings from Germany set the tone for the European Central Bank’s first meeting…
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Asian shares subdued as U.S. political standoff, ECB decision eyed
TOKYO (Reuters) – Asian shares were subdued on Thursday as political uncertainty in the United States and worries about weakening global economic growth left investors wary of riskier assets. FILE PHOTO – A pedestrian looks…
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Activist target Pernod boosts board independence with new role
PARIS (Reuters) – French spirits group Pernod Ricard (PERP.PA) named business veteran Patricia Barbizet to the newly created role of lead independent director on Wednesday as it faces pressure from activist investor Elliott to improve…
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Volvo recalls over 200,000 cars to fix fuel leak issue
STOCKHOLM (Reuters) – Volvo Cars, which is owned by China’s Zhejiang Geely Holding Group [GEELY.UL], is voluntarily recalling about 200,000 cars after it found an engineering issue that could potentially cause fuel leakage in the…
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Bayer asks California judge to limit evidence in another Roundup cancer trial
(Reuters) – Bayer AG unit Monsanto has asked a California judge in the litigation over its glyphosate-based weed killer Roundup allegedly causing cancer to limit evidence by splitting an upcoming trial into two phases, a…
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J&J forecasts disappointing 2019 sales, defends talc safety
(Reuters) – Johnson & Johnson on Tuesday forecast 2019 sales that fell short of analysts’ estimates and said it expected further pressure on U.S. prescription drug prices, weighing on the broader pharmaceutical sector. A Johnson…
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Oil drops more than 1 percent as China slowdown bites
LONDON (Reuters) – Oil prices fell more than 1 percent on Tuesday on signs that an economic slowdown in China was spreading, stoking concerns about global growth and fuel demand. An oil well pump jack…
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Oil prices edge down as global growth worries threaten demand
An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo SYDNEY (Reuters) – Oil prices edged lower on Tuesday as concerns over…
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Oil edge up as investors latch on to OPEC cuts, supply outlook
LONDON (Reuters) – Oil prices edged up on Monday, reversing earlier losses, as investors shrugged off data that confirmed China’s slowing economy and instead latched on to positive supply-side drivers for the market. A pumpjack…
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China data met with relief by stock markets, Brexit Plan B in focus
LONDON (Reuters) – World stock markets kept their nerve on Monday, as data showed the Chinese economy slowed last year, underlining the need for more stimulus from Beijing. FILE PHOTO – An investor watches a…
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Detained ex-Nissan chairman Ghosn offers stock, passports for bail
(Reuters) – Ousted Nissan Motor Co (7201.T) chairman Carlos Ghosn has offered to post stock he owns in the automaker as collateral, surrender his passports and submit to electronic tracking as part of a renewed…
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Ghosn may have had questionable ethics, co-chair of external Nissan probe says
TOKYO (Reuters) – The co-chair of a committee set up by Japanese automaker Nissan Motor Co (7201.T) to examine the root cause of alleged financial misconduct by ousted chairman Carlos Ghosn said he believed Ghosn…
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China set to post slowest growth in 28 years in 2018, more stimulus seen
BEIJING (Reuters) – China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to…
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EU tax on big digital companies could be struck by March: French minister
FILE PHOTO – French Finance Minister Bruno Le Maire leaves following the weekly cabinet meeting at the Elysee Palace in Paris, France, December 19, 2018. REUTERS/Philippe Wojazer PARIS (Reuters) – A European Union-wide tax on…
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GM warns workers in Brazil on losses, tough turnaround plan
SAO PAULO (Reuters) – General Motors Co (GM.N) has warned employees in Brazil that new investments there depend on a painful plan to return to profit in the country, according to a memo seen by…
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Supermarket retailer Casino to sell six stores to rival Leclerc
FILE PHOTO: The logo of Casino shop is seen in Nice, France, January 15, 2019. REUTERS/Eric Gaillard/File Photo PARIS (Reuters) – French supermarket retailer Casino (CASP.PA), in the process of divesting assets to cut debts,…
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Fed policymakers leave little doubt: Rate hikes can wait
SOMERSET, N.J./SAN FRANCISCO (Reuters) – “Patience” is the new mantra at the Federal Reserve, less than two weeks ahead of the U.S. central bank’s first policy meeting of the new year, as officials leave little…
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Testing times from Beijing to Wall Street
FRANKFURT (Reuters) – If you were surprised by this month’s bounce in global stock markets, next week may tell you if you should join in or stay out. FILE PHOTO: A man sits in front…
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Renault targets 2019 sales growth after a 3.2 percent gain in 2018
The logo of French car manufacturer Renault is seen at a dealership of the company in Illkirch-Graffenstaden near Strasbourg, France, January 10, 2019. REUTERS/Vincent Kessler PARIS (Reuters) – French carmaker Renault (RENA.PA) posted a 3.2…
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Asia stocks gain on hopes for eased U.S.-China tension
TOKYO (Reuters) – Asian stocks gained early on Friday, as hopes for a thaw in the U.S.-China trade conflict fed investor appetites for risk assets. FILE PHOTO: A man is reflected on an electronic board…
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John Bogle, Vanguard founder and low-cost investing pioneer, dies at 89
(Reuters) – John Bogle, whose family’s struggles during the Great Depression led him to pioneer low-cost investing and to found Vanguard Group, now the world’s biggest mutual fund firm, died on Wednesday at the age…
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China’s growth set to slow to 6.3 percent in 2019, more stimulus seen: Reuters poll
BEIJING (Reuters) – China’s economy is expected to cool further this year as domestic demand weakens and exports are hit by U.S. tariffs, a Reuters poll showed on Thursday, reinforcing views Beijing will need to…
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Asia shares edge up, pound gets moment’s peace
SYDNEY (Reuters) – Asian shares crept higher on Thursday as upbeat bank earnings bolstered Wall Street, while an anti-climactic end to the latest chapter in the Brexit saga gave sterling a moment’s peace. FILE PHOTO:…
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Nissan plans to file for damages against Ghosn: source
TOKYO (Reuters) – Nissan Motor Co Ltd plans to file a civil suit against ousted chairman Carlos Ghosn to claim damages resulting from the alleged misuse of company funds, a person with knowledge of the…
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Oil firm as supply cuts point to tighter market despite weakening economy
SINGAPORE (Reuters) – Oil prices firmed on Wednesday after climbing about 3 percent in the previous session as expectations that OPEC-led supply cuts will tighten markets despite signs of a global economic slowdown. FILE PHOTO:…
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Nordstrom’s full-price comparable sales for holiday season disappoints
FILE PHOTO: The Nordstrom store is pictured in Broomfield, Colorado, February 23, 2017. REUTERS/Rick Wilking (Reuters) – Nordstrom Inc (JWN.N) said on Tuesday comparable store sales at its full-price department stores rose only 0.3 percent…
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Delta Air growth to slow further in first quarter as shutdown weighs
(Reuters) – Delta Air Lines Inc (DAL.N) on Tuesday posted a slight beat in fourth-quarter profit but forecast a decline in revenue growth in the first quarter, hit by a partial government shutdown and worries…
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Tokyo court denies request for Nissan Ghosn’s release on bail
FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, Oct.1, 2018. Picture taken…