Business
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Most Clariant shareholders support merger says Huntsman
[ad_1] ZURICH (Reuters) – The vast majority of Clariant’s (CLN.S) shareholders support the Swiss chemical maker’s planned $20 billion merger with American peer Huntsman (HUN.N), Huntsman’s Chief Executive told Swiss newspaper NZZ am Sonntag. “I…
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NAFTA negotiators seek to enshrine Mexico's energy reforms
[ad_1] MEXICO CITY (Reuters) – U.S., Canadian and Mexican negotiators are zeroing in on ways to enshrine Mexican President Enrique Pena Nieto’s sweeping energy reforms into a modernized North American Free Trade Agreement, Mexico’s chief…
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Mexico president vows to defend NAFTA, nation's 'dignity'
[ad_1] MEXICO CITY (Reuters) – Mexican President Enrique Pena Nieto on Saturday defended free trade and young migrants in the United States, saying his government would not accept insults against “national dignity” from the administration…
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Retail U.S. gasoline prices surge on Harvey supply disruptions
[ad_1] NEW YORK/HOUSTON (Reuters) – Retail U.S. gasoline prices continued to rise as pipelines and terminals remained closed in Texas a week after Harvey made landfall as a Category 4 hurricane, forcing refineries to warn…
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Looming debt ceiling deadline pushing some U.S. fund managers to cash
[ad_1] NEW YORK (Reuters) – A potential standoff over the U.S. federal debt ceiling is raising alarm bells among fund managers who fear a repeat of 2011 when a protracted showdown over increasing the government’s…
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Dudley broke code of conduct in Wells disclosure misstep: NY Fed
[ad_1] NEW YORK (Reuters) – William Dudley, a tough-talking U.S. regulator who heads the Federal Reserve Bank of New York, violated a code of conduct by failing to disclose that his half-sister worked at Wells…
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Wall St. higher as tepid jobs data lowers rate hike chance
[ad_1] (Reuters) – U.S. stocks rose on Friday, with the Dow hitting the 22,000 mark for the first time in more than two weeks, after a tepid August jobs report increased the likelihood of the…
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Western Digital CEO apologizes to Toshiba for friction over chip unit sale
[ad_1] TOKYO (Reuters) – The head of Western Digital Corp (WDC.O) apologized to Toshiba Corp’s (6502.T) CEO for strained ties after it sued the Japanese company to keep their memory chip joint venture from being…
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American retailers, restaurants oppose U.S. negotiators produce proposal
[ad_1] WASHINGTON (Reuters) – American retail, restaurant and agriculture groups have weighed in against proposals regarding fresh produce put forward by U.S. negotiators as part of an effort to renegotiate NAFTA, according to letters sent…
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Yahoo must face litigation by data breach victims: U.S. judge
[ad_1] (Reuters) – A U.S. judge said Yahoo must face nationwide litigation brought on behalf of well over 1 billion users who said their personal information was compromised in three massive data breaches. Wednesday night’s…
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U.S. gasoline hits $2/gallon as Harvey wreaks havoc on refiners; crude weak
[ad_1] SINGAPORE (Reuters) – Gasoline prices in the United States hit $2 a gallon for the first time since 2015 on Thursday as flooding from storm Harvey knocked out almost a quarter of U.S. refineries,…
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Financial firms fear turmoil over fraught U.S. debt ceiling talks
[ad_1] WASHINGTON (Reuters) – Financial firms are sounding alarm bells and dusting off contingency plans over fears an increasingly dysfunctional U.S. Congress may fail to reach a deal to raise the country’s debt limit. Several…
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Airbus says hopes M&A talk will not distract United Tech from operational priorities
[ad_1] PARIS (Reuters) – Airbus has urged United Technologies (UTX.N) to stay focused on fixing industrial problems that have delayed aircraft deliveries even if it presses ahead with reported plans to buy avionics supplier Rockwell…
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Sharp asks U.S. trade body to probe Hisense in patent dispute
[ad_1] TOKYO (Reuters) – Japan’s Sharp Corp (6753.T) said on Wednesday it has requested the U.S. International Trade Commision to investigate Hisense Group Co Ltd, escalating a dispute in which it has accused the Chinese…
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American Express targets debt-leery consumers with new card features
[ad_1] NEW YORK (Reuters) – American Express Co is unveiling a new option that could tempt young, budget-conscious consumers into taking on credit card debt. On Wednesday, the No. 1 U.S. card issuer by spending…
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Alphabet's Google to inform EU antitrust regulators on compliance plan
[ad_1] BRUSSELS (Reuters) – Alphabet unit Google (GOOGL.O) will inform EU antitrust regulators on Tuesday on its plan to comply with an EU order to stop favoring its shopping service, the company said, two months…
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Flooding knocks out U.S. refineries, crude hit by supply disruptions
[ad_1] SINGAPORE (Reuters) – Flooding from tropical storm Harvey caused ongoing large-scale U.S. refinery outages on Tuesday, while crude prices rose on the back of supply disruptions in Colombia and Libya. Refinery shutdowns from the…
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U.S. stock futures fall, yen gains after North Korea fires missile over Japan
[ad_1] TOKYO (Reuters) – U.S. stock futures fell almost one percent and the yen jumped to four-month highs against the dollar in early Asian trade on Tuesday after North Korea fired a missile over northern…
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Fitbit takes aim at Apple with new smartwatch launch
[ad_1] (Reuters) – Wearable device maker Fitbit Inc (FIT.N) on Monday launched its newest device, the Ionic smartwatch, with features ranging from fitness tracking to contactless payment, as it gears up to compete with rivals…
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Gasoline futures surge as Harvey swamps Texas, euro holds at 2-1/2-year high
[ad_1] SINGAPORE (Reuters) – U.S. gasoline futures rose to a two-year high on Monday as Tropical Storm Harvey pummeled the heart of America’s energy sector, while the euro hit a 2-1/2-year peak after the European…
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AIG returns to pre-bailout paydays for CEO, top executives
[ad_1] NEW YORK (Reuters) – American International Group Inc’s (AIG.N) new Chief Executive Brian Duperreault has pledged to revive the insurer’s glory days of top talent, underwriting discipline and fat profit margins. One thing he…
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Fiscal stimulus in downturns is safe even when debt is high: researchers
[ad_1] SAN FRANCISCO (Reuters) – Government spending in a recession can boost a country’s economy without permanently bloating its public debt, even if the debt is already quite large, researchers told an influential group of…
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China's R&F Properties roars back into the spotlight on Wanda deals
[ad_1] HONG KONG (Reuters) – Once the leader of the elite group of developers known as the “Five South China Tigers”, Guangzhou R&F Properties (2777.HK) gradually became overshadowed by bigger beasts, but it’s now back…
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Investors seek gems among unloved small-caps
[ad_1] NEW YORK (Reuters) – U.S. small-cap stocks, highly sensitive to the fate of President Donald Trump’s policy ambitions, may face more selling pressure, leaving small-cap investors scrambling for quality names and more resilient sectors.…
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At Fed conference, Trumponomics draws a not so subtle rebuttal
[ad_1] JACKSON HOLE, Wyo. (Reuters) – President Donald Trump’s name was rarely mentioned as top central bankers and economists spent Friday mulling the fate of the global economy at a mountain lodge here. But his…
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'Worthless' Subway 'Footlong' sandwich settlement is thrown out: U.S. court
[ad_1] (Reuters) – A U.S. appeals court on Friday threw out a class-action settlement intended to resolve claims that the Subway sandwich chain deceived customers by selling “Footlong” subs that were less than a foot…
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Yellen to Trump: don't expect a flip-flop on financial reforms
[ad_1] JACKSON HOLE, Wyo. (Reuters) – Janet Yellen delivered a message to President Donald Trump on Friday, making it clear that if he re-nominates her as Federal Reserve chair she will not turn her back…
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Tyson Foods says it clears SEC probe on alleged chicken pricing
[ad_1] (Reuters) – Meat processor Tyson Foods Inc (TSN.N) said U.S regulators have not recommended any enforcement action after they concluded a probe related to allegations the company fixed chicken prices along with its peers…
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Fiat Chrysler says will always evaluate deal inquiries
[ad_1] MILAN (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) said on Friday it would evaluate any inquiries about potential transactions, but did not have anything to add to its previous comments on reported interest from China’s…
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Amazon to cut Whole Foods prices, escalating grocery turf war
[ad_1] (Reuters) – Amazon.com Inc (AMZN.O) said it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market Inc (WFM.O), sending shares of rival grocers tumbling on…