Business

MILAN/BRUSSELS (Reuters) – Italian toll-road group Atlantia’s 17 billion-euro ($20 billion) bid for Spain’s Abertis (ABE.MC) is set to win EU approval, sources said on Tuesday, clearing another hurdle to getting the long-awaited deal done unless a counter-bid emerges. Three sources with knowledge of the matter said that EU antitrust regulators were set to give
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(Reuters) – Wal-Mart Stores Inc said on Monday it was launching a process to speed up returns of items bought on its website, in time for the busy holiday season, as it looks to compete better with e-commerce giant Amazon.com. Under Wal-Mart’s Mobile Express Returns, starting in early November, customers can use the retailer’s app
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SYDNEY (Reuters) – Chinese shares climbed on Monday after a week-long break as a disappointing survey on the country’s service sector did little to dent optimism on global growth, while political uncertainty caused turbulence for the Turkish and British currencies. Liquidity was lacking with Japan and South Korea on holiday and a partial holiday in
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NEW DELHI (Reuters) – The Organization of the Petroleum Exporting Countries and major producing nations may take “some extraordinary measures” next year to rebalance the oil market, OPEC Secretary General Mohammad Sanusi Barkindo said on Sunday. Additional oil producing nations may join the Nov. 30 meeting of OPEC, Barkindo told reporters at the India Energy
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WASHINGTON (Reuters) – The U.S. Commerce Department on Friday notched up proposed trade duties on Bombardier Inc CSeries jets to nearly 300 percent, affirming Boeing Co’s complaint that the Canadian company received illegal subsidies and dumped the planes at “absurdly low” prices. The decision underscored the defensive trade policy of U.S. President Donald Trump, and
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WASHINGTON (Reuters) – U.S. employment fell in September for the first time in seven years as Hurricanes Harvey and Irma left displaced workers temporarily unemployed and delayed hiring, the latest indication that the storms undercut economic activity in the third quarter. The Labor Department said on Friday nonfarm payrolls decreased by 33,000 jobs last month
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LONDON/FRANKFURT (Reuters) – Some of the globe’s biggest banks have decided to rent more office space in Frankfurt, bolstering Germany’s financial hub after months of divorce talks between Britain and the EU have left London’s future more uncertain than ever. Goldman Sachs (GS.N) has agreed to lease 10,000 square meters of office space at the
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TOKYO (Reuters) – Asian shares were a tad firmer on Thursday, taking their cues from strong U.S. data although holiday-thinned trade and uncertainty about the impact of recent hurricanes on the U.S. economy are likely to keep investors cautious. Japan’s Nikkei was almost flat while Australian shares ticked up 0.2 percent. MSCI’s broadest index of
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(Reuters) – Wall Street looked set to open lower on Wednesday as investors likely booked profit following two straight days of record highs for the three major indexes and ahead of a raft of economic data this week. Global stock markets hit a record high with investors in exuberant mood in the United States overnight
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(Reuters) – A fractured U.S. solar industry will present differing proposals on Tuesday to a government commission considering measures to prop up domestic solar panel makers, who say cheap imports have left them on the verge of collapse. The closely-watched trade case before the U.S. International Trade Commission has pitted the nation’s solar installers and
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