Business
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China invests $9.1 billion in Rosneft as Glencore, Qatar cut stakes
[ad_1] MOSCOW/BEIJING (Reuters) – Chinese conglomerate CEFC will buy a 14.16 percent stake in Russian oil major Rosneft (ROSN.MM) for $9.1 billion from a consortium of Glencore (GLEN.L) and the Qatar Investment Authority, strengthening the…
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Criticism of Equifax data breach response mounts, shares tumble
[ad_1] (Reuters) – Equifax Inc (EFX.N) faced a storm of criticism on Friday over a hack that may have compromised personal data for some 143 million Americans, with consumers clamoring for answers and cyber security…
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Kroger results hit by grocery price war, shares slide
[ad_1] (Reuters) – Kroger Co (KR.N) on Friday reported lower quarterly profit after an intensifying grocery price war hit its bottom line, and warned that same-store sales and operating margins would be lower than expected…
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Exclusive: ECB policymakers agreed on stimulus cut at meeting – sources
[ad_1] FRANKFURT (Reuters) – European Central Bank policymakers meeting on Thursday were in broad agreement that their next step will be reducing their bond purchases and discussed four options, two sources with direct knowledge of…
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Asian shares steady, dollar slumps on ECB's tapering signal
[ad_1] TOKYO (Reuters) – Asian shares edged up on Friday as investors kept a wary eye on another U.S. storm, while the dollar skidded after European Central Bank chief Mario Draghi suggested the bank may…
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Ex-bank manager to face charges in Philippines for cyber heist, others cleared
[ad_1] MANILA (Reuters) – Philippine prosecutors have recommended the filing of charges against a former bank manager for her part in laundering tens of millions of dollars stolen from Bangladesh’s central bank last year, but…
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Chinese logistics firm Best, backed by Alibaba, launches $930 million U.S. IPO
[ad_1] HONG KONG (Reuters) – Best Inc, a Chinese logistics company backed by Alibaba Group (BABA.N), is launching a U.S. IPO that is seeking about $930 million to fund an expansion of its supply chain…
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Asian shares rise on relief over U.S. debt ceiling deal, euro eyes ECB
[ad_1] TOKYO (Reuters) – Asian shares ticked up on Thursday after U.S. President Donald Trump and congressional leaders agreed to raise the government debt limit until December, eliminating the risk of a government shutdown for…
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Mexico signs e-commerce deal with China's Alibaba Group
[ad_1] MEXICO CITY (Reuters) – Mexico’s government said on Wednesday it has inked a deal with Alibaba Group Holding Ltd, to get Mexican products and services, especially from small- and medium-sized firms, onto the top…
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Simmering Korea tensions hit global stocks and dollar
[ad_1] LONDON (Reuters) – Global shares fell and the dollar dipped against the Japanese yen on Wednesday as still-simmering tension over the Korean peninsula kept investors wary of taking on risk. European and Asian shares…
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Asia stocks down, dollar on defensive, gripped by risk aversion
[ad_1] TOKYO (Reuters) – Asian stocks tracked Wall Street’s slide overnight to slip on Wednesday while the dollar was on the defensive with tensions in the Korean Peninsula showing little signs of abating. MSCI’s broadest…
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United Tech defends $23 billion Rockwell deal as shares slide
[ad_1] NEW YORK (Reuters) – Aerospace and industrial company United Technologies Corp (UTX.N) defended its $23 billion acquisition of avionics maker Rockwell Collins Inc (COL.N) on Tuesday, saying it would yield cost savings and not…
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Toymaker Lego to cut 8 percent of staff as sales decline
[ad_1] COPENHAGEN (Reuters) – Toymaker Lego announced plans to lay off 8 percent of its workforce as it reported a 5 percent fall in mid-year revenue. The unlisted maker of colorful plastic bricks reported revenue…
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United Tech to buy Rockwell Collins for $30 billion, combine aerospace operations
[ad_1] (Reuters) – Aerospace supplier United Technologies Corp (UTX.N) has struck a $30 billion agreement to buy avionics and interiors maker Rockwell Collins Inc (COL.N), the companies said on Monday, in a deal that bulks…
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WTO reverses Boeing 777X tax credit ruling in blow to EU
[ad_1] PARIS/GENEVA (Reuters) – The World Trade Organization has reversed a ruling that Boeing (BA.N) received prohibited support for its newest aircraft, dealing a blow to the European Union in its long-running row with the…
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Texas edges closer to recovery after Harvey as key pipeline restarts
[ad_1] HOUSTON (Reuters) – The U.S. Gulf Coast moves closer to recovery from Hurricane Harvey on Monday when the biggest American fuel system restarts a key segment shut down by devastating rains and officials weigh…
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Yen, bonds and gold rally after North Korea tests nuke
[ad_1] SYDNEY (Reuters) – The Japanese yen, gold and sovereign bonds all rose early on Monday as North Korea’s latest nuclear test provoked the usual knee-jerk shift to safe havens, while futures pointed to a…
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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…





