Business
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JPMorgan reports 13 percent rise in quarterly profit
[ad_1] (Reuters) – JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a 13.4 percent increase in quarterly profit on Friday as gains from higher interest rates more than offset a drop in…
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Cautious Fed lifts stocks to record high, investors eye earnings boost
[ad_1] SINGAPORE (Reuters) – Global stocks scaled record highs on Friday, with Asian equities rising for the fifth straight session, as signs the Federal Reserve will pursue a gradual rate tightening path and hopes of…
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Yellen says 3 percent U.S. growth 'quite challenging' in coming years
[ad_1] WASHINGTON (Reuters) – It would be “quite challenging” for the United States to reach the 3 percent growth target set by President Donald Trump, Federal Reserve Chair Janet Yellen told a Senate panel on…
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Istat choc: quasi 5 milioni di persone in povertà assoluta
[ad_1] ROMA – Incalza la crisi in Italia. Nel 2016 Istat stima siano 1 milione e 619mila le famiglie residenti in condizione di povertà assoluta, nelle quali vivono 4 milioni e 742 mila individui. Rispetto…
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Shares, bonds rally as markets count on cautious Fed
[ad_1] LONDON (Reuters) – World shares hit their fourth all-time high in less than a month on Thursday as investors wagered policy tightening in the United States would be glacial at best, lifting Wall Street…
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Exclusive: Russia appears to deliver more turbines to Crimea – Reuters witnesses
[ad_1] FEODOSIA, Crimea (Reuters) – Two more gas turbines appear to have been delivered to Russian-controlled Crimea, according to two Reuters reporters who saw the equipment at the port of Feodosia, potentially deepening a row…
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SEC Chairman signals plans to scale back corporate disclosure rules
[ad_1] (Reuters) – Wall Street’s top U.S. regulator on Wednesday signaled support for potentially scaling back the scope and breadth of disclosure rules and compliance costs imposed on public companies, in an effort to entice…
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Exclusive: Saudis to cut August oil exports to lowest level this year – source
[ad_1] By Rania El Gamal | DUBAI DUBAI Saudi Arabia will cut crude oil shipments to its customers in August by more than 600,000 barrels per day to balance the rise in domestic consumption during…
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Asian shares shrug off Trump controversy, look to Yellen
[ad_1] TOKYO (Reuters) – Asian shares steadied on Wednesday after Wall Street managed to weather a fresh twist in the political controversy surrounding U.S. President Donald Trump’s administration, while investors looked ahead to Federal Reserve…
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U.S. says 2.7 million additional Takata inflators to be recalled
[ad_1] WASHINGTON The U.S. National Highway Traffic Safety Administration said Tuesday that new testing is prompting Takata Corp (7312.T) to declare 2.7 million air bag inflators defective in Ford Motor Co (F.N), Nissan Motor Co…
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Bonds and emerging market currencies' selloff resumes
[ad_1] LONDON The dollar hit a four-month high against the yen and bonds and top emerging market currencies were back under pressure on Tuesday, on bets for higher interest rates in a small but growing…
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Elon Musk tweets photos of first Tesla Model 3 to roll off the line
[ad_1] Tesla Inc (TSLA.O) Chief Executive Elon Musk on Sunday tweeted pictures of the first Model 3 sedan to roll off the assembly line. Tesla board member Ira Ehrenpreis was the first to put down…
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U.S. judge to name Feinberg as Fiat Chrysler diesel settlement master
[ad_1] By David Shepardson | WASHINGTON WASHINGTON A U.S. judge overseeing lawsuits against Fiat Chrysler Automobiles NV (FCHA.MI) over its alleged excess diesel emissions said he intends to name well-known compensation expert Ken Feinberg to…
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Jawbone's demise a case of 'death by overfunding' in Silicon Valley
[ad_1] By Heather Somerville | SAN FRANCISCO SAN FRANCISCO Consumer electronics company Jawbone had more than enough money to take on Fitbit and other health-tracking devices in the “wearables” market. That may have ended up…
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Asian stocks follow Wall Street higher after US jobs data beats forecasts
[ad_1] By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks rallied on Monday, lifted by Wall Street’s strong performance late last week, while the U.S. dollar extended gains made after much stronger than expected June employment…
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VW bosses told costs of emissions saga a month before disclosure: report
[ad_1] FRANKFURT A Volkswagen (VOWG_p.DE) manager told the then chief executive and other managers that the carmaker’s diesel emissions cheating could cost up to $18.5 billion almost a month before investors were informed, German newspaper…
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Lupin sets off down Indian pharma's long road to redemption
[ad_1] By Zeba Siddiqui | GOA, India GOA, India In 28 years in India’s pharmaceuticals sector, Rajiv Desai has never been busier. Most of the last six months on his desk calendar is marked green,…
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Exclusive: Firm part-owned by Siemens hired to help install turbines in Crimea – sources
[ad_1] MOSCOW A firm part-owned by Germany’s Siemens has been hired to help install electricity turbines in Crimea, a region subject to European Union sanctions barring EU firms from supplying it with energy technology, three…
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EDF not involved in French government stake sales: source
[ad_1] AIX-EN-PROVENCE, France French utility EDF would not be part of the French government’s plan to sell 10 billion euros ($11.40 billion) worth of state assets to finance projects geared toward innovation, a source close…
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China's FAW to recall 680,000 more Mazda cars over faulty Takata airbags
[ad_1] BEIJING China’s FAW Car Co Ltd, a partner of Japan’s Mazda Motor Corp (7261.T), will recall over 680,000 Mazda cars due to issues with air bags that were supplied by embattled Japanese auto parts…
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Sears to close 43 more stores to cut costs
[ad_1] CHICAGO Sears Holdings Corp (SHLD.O) is closing eight of its namesake department stores and 35 Kmart locations to cut costs and square footage in an effort to return to profitability, Chief Executive Officer Eddie…
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Deutsche Bank sees progress toward IPO of asset management arm: memo
[ad_1] ZURICH Deutsche Bank (DBKGn.DE) said that it is making progress in its planned partial initial public offering (IPO) of its asset management unit, according to a recent memo to staff. Germany’s largest lender announced…
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Munich prosecutors confirm arrest of Audi employee in emissions probe
[ad_1] FRANKFURT Munich prosecutors arrested an Audi employee on suspicion of fraud and false advertising in connection with the carmaker’s emissions scandal, the first arrest in Germany related to Volkswagen’s diesel scandal. The Audi employee…
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U.S. seeks funds tied to North Korea from eight big banks
[ad_1] U.S. authorities have tried to seize millions of dollars associated with several companies that deal with North Korea, including the country’s military, from eight large international banks, according to court filings made public on…
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Dish, Amazon chiefs discuss wireless partnership: WSJ
[ad_1] Dish Network Corp (DISH.O) Chief Executive Charlie Ergen and Amazon.com Inc (AMZN.O) head Jeff Bezos have discussed a partnership to enter the wireless business, the Wall Street Journal reported, citing people familiar with the…
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U.S. cars a tough sell in South Korea even as Trump targets trade deal
[ad_1] SEOUL U.S. auto imports from the likes of General Motors and Ford Motor must become more chic, affordable or fuel-efficient to reap the rewards of President Donald Trump’s attempts to renegotiate a trade deal…
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Investor in Martin Shkreli's fund says he made millions
[ad_1] One of the investors former drug company executive Martin Shkreli is accused of defrauding testified on Wednesday that Shkreli lied to him repeatedly, although he eventually made millions of dollars from the investment. Darren…
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Jana values EQT break-up at $4.5 billion: securities filing
[ad_1] Jana Partners LLC on Wednesday detailed its criticism of natural gas producer EQT Corp’s plan to buy Rice Energy Inc (RICE.N), laying out its argument as to why the hedge fund believes an EQT…
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Brent oil remains below $50 as OPEC supplies rise again
[ad_1] By Henning Gloystein | SINGAPORE SINGAPORE Brent crude oil remained below $50 per barrel on Wednesday, weighed down by another rise in OPEC supplies despite a pledge to cut production, but geopolitical tensions in…
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Samsung on track to take Intel's chip crown with record second-quarter earnings
[ad_1] SEOUL Samsung Electronics Co Ltd (005930.KS) is expected to report its best-ever quarterly profit in the second quarter, with soaring memory chip sales pushing it past Intel Corp (INTC.O) as the biggest semiconductor maker…