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JPMorgan profit beats on higher interest rates- debt trading down

FILE PHOTO: A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in Manhattan, New York, U.S., November 13, 2017. REUTERS/Amr Alfiky (Reuters) – JPMorgan Chase & Co (JPM.N), the biggest U.S. bank by assets, reported a higher-than-expecte... More »

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Futures rise as investors assess big bank earnings

FILE PHOTO: Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., January 8, 2018. REUTERS/Brendan McDermid (Reuters) – U.S. stock futures rose and pointed to a positive open for Wall Street on Friday as investors digested fourth-... More »

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BlackRock profit beats as ETFs attract more investment

FILE PHOTO: A woman walks next to a BlackRock sign pictured in the Manhattan borough of New York, October 11, 2015. REUTERS/Eduardo Munoz (Reuters) – BlackRock Inc (BLK.N) on Friday reported a better-than-expected quarterly profit, as investors flooded into th... More »

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Bulgaria converging with euro zone, but still not enough: Juncker

European Commission President Jean-Claude Juncker speaks during a news conference at a ceremony starting Bulgaria’s six-month presidency of the European Union in Sofia, Bulgaria, January 12, 2018. REUTERS/Stoyan Nenov SOFIA (Reuters) – Bulgaria, which wants to... More »

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Facebook to emphasize friends, not news, in series of changes

FILE PHOTO: Facebook Founder and CEO Mark Zuckerberg speaks on stage during the annual Facebook F8 developers conference in San Jose, California, U.S., April 18, 2017. REUTERS/Stephen Lam/File Photo SAN FRANCISCO/LONDON (Reuters) – Facebook Inc (FB.O) on Thurs... More »

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Some Chinese Apple users warned by firm on dodging new data law

FILE PHOTO: A woman looks at the screen of her mobile phone in front of an Apple logo outside its store in Shanghai, China July 30, 2017. REUTERS/Aly Song/File Photo BEIJING (Reuters) – Some Chinese users of Apple Inc’s (AAPL.O) products who have created Apple... More »

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Chinese bitcoin miners eye sites in energy-rich Canada

FILE PHOTO: Bitcoin mining computers are pictured in Bitmain’s mining farm near Keflavik, Iceland, June 4, 2016. REUTERS/Jemima Kelly/File Photo MONTREAL/SHANGHAI (Reuters) – China’s Bitmain Technologies is eyeing bitcoin mining sites in Quebec, a company spok... More »

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Halkbank not Turkey will pay any U.S. fine, deputy PM says

A street vendor sells roasted chestnuts in front of a branch of Halkbank in central Istanbul, Turkey, January 10, 2018. REUTERS/Murad Sezer ISTANBUL (Reuters) – Any fine levied against Halkbank (HALKB.IS) by the United States will be paid by the bank itself an... More »

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Trio of surveys hint at UK investment letdown

FILE PHOTO: Workers are seen in the Canary Wharf financial district in London, Britain, November 11, 2013. REUTERS/Eddie Keogh/File Photo LONDON (Reuters) – Prospects that business investment in Britain will strengthen this year have been dealt an early blow b... More »

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Thai junta’s key economic project draws $9 billion investment

FILE PHOTO: A Thailand Baht note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo BANGKOK (Reuters) – The Thai military government’s plan to expand the industrial east drew more than $9 billion in pledges of private... More »

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French finance minister pledges ‘no new taxes’ under Macron

French Finance Minister Bruno Le Maire leaves the Elysee Palace after the first weekly cabinet meeting of the year and a government seminar in Paris, France, January 3, 2018. REUTERS/Benoit Tessier PARIS (Reuters) – Emmanuel Macron’s finance minister said on F... More »

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Peter Thiel submits bid for Gawker, faces challenges

FILE PHOTO: Paypal co-founder Peter Thiel speaks at the Republican National Convention in Cleveland, Ohio, U.S. July 21, 2016. REUTERS/Jonathan Ernst/File Photo NEW YORK (Reuters) – Venture capitalist Peter Thiel has made an offer for Gawker, hoping to overcom... More »

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Walmart wage hike may show wage pressures building for lowest paid

FILE PHOTO: Workers prepare their store for customers at a newly built Walmart Super Center prior to its opening in Compton, California, U.S., January 10, 2017. REUTERS/Mike Blake/File Photo WASHINGTON (Reuters) – Walmart’s tit-for-tat minimum wage battle with... More »

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Buffett succession gains clarity as Berkshire promotes Abel, Jain

FILE PHOTO: Berkshire Hathaway CEO Warren Buffett talks to reporters prior to the Berkshire annual meeting in Omaha, Nebraska, U.S. on May 2, 2015. REUTERS/Rick Wilking/File Photo (Reuters) – Berkshire Hathaway Inc on Wednesday promoted two of its top executiv... More »

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Asian shares step back from 2007 peak, oil at three-year high

Men exchange greetings in front of an electronic board displaying the Nikkei average outside a brokerage in Tokyo, Japan January 4, 2018. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Asian shares flinched from testing their 2007 record peak on Wednesday, as invest... More »

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China’s top developers poised for strong sales as debt woes linger

FILE PHOTO: Apartment blocks are pictured in Beijing, China December 16, 2017. REUTERS/Jason Lee/File Photo HONG KONG (Reuters) – China’s large developers are tightening their hold on the country’s real estate market, capturing an ever-larger share even as sal... More »

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Singapore property seen on path to recovery after prolonged slump

FILE PHOTO: A woman passes a private condominium estate in Singapore February 13, 2017. REUTERS/Edgar Su/File Photo SINGAPORE (Reuters) – Singapore’s housing market is expected to build on its recovery over 2018, analysts say, as private home prices marked the... More »

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Samsung profit guidance disappoints, memory outlook cloudy

FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea South Korea, October 11, 2017. REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) said it would likely rake in a record fourth... More »

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Bayer, J&J win reversal of $28 million verdict in Xarelto lawsuit

FILE PHOTO: The logo of Bayer AG is pictured at the Bayer Healthcare subgroup production plant in Wuppertal, Germany February 24, 2014. REUTERS/Ina Fassbender/File Photo (Reuters) – A Pennsylvania state court judge on Tuesday overturned a $27.8 million jury aw... More »

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Activist Peltz to CEOs: We’ll work with you

FILE PHOTO – Nelson Peltz founding partner of Trian Fund Management LP. speak at the WSJD Live conference in Laguna Beach, California October 25, 2016. REUTERS/Mike Blake/File Photo NEW YORK (Reuters) – Billionaire investor Nelson Peltz has a message for Ameri... More »

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U.S. producers seek to block Chinese aluminum shipped via Vietnam

A worker drives a forklift to transport aluminum bars at a factory in Anshun, Guizhou province, China, July 1, 2013. REUTERS/Stringer WASHINGTON (Reuters) – U.S. aluminum products makers sought new trade protections against Chinese imports on Tuesday, accusing... More »

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Eastman Kodak unveils cryptocurrency, stock doubles

The Kodak logo is shown on a booth during the 2017 CES in Las Vegas, Nevada, U.S., January 6, 2017. REUTERS/Steve Marcus SAN FRANCISCO (Reuters) – Shares of Eastman Kodak Co (KODK.N) more than doubled on Tuesday after the one-time leader in photography became ... More »

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Domino’s turnaround CEO to step down in June

The sign of a Domino’s Pizza restaurant is seen in Paris, France, October 27, 2016. REUTERS/Charles Platiau (Reuters) – Domino’s Pizza Inc (DPZ.N) said on Tuesday its chief executive, Patrick Doyle, will leave the biggest U.S. pizza delivery chain in June and ... More »

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Australia job vacancies climb to record in November quarter

A customer sits at a table behind a window displaying an employment sign in a cafe located in central Sydney, Australia, April 12, 2017. REUTERS/Steven Saphore SYDNEY (Reuters) – Job vacancies in Australia climbed to their highest on record in the three months... More »

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U.S. grain companies fear harm from new tax law

FILE PHOTO: An early wheat crop in the Central Valley in Davis, California, U.S., May 1, 2017. REUTERS/Hyungwon Kang – File Photo CHICAGO (Reuters) – The new U.S. tax law is poised to drive more control over the nation’s grain supply to farmer-owned cooperativ... More »

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Tesla says solar roof production has started in Buffalo

FILE PHOTO – Tesla’s electric car, Powerwall and solar roof are shown by Tesla Motors Inc Chief Executive Elon Musk, unveiling new energy products aimed at illustrating the benefits of combining his electric car and battery maker with solar installer SolarCity... More »

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U.S. crude hits three-year high as prices climb in tight market

FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma, U.S., September 15, 2015. REUTERS/Nick Oxford/File Photo NEW YORK (Reuters) – Oil prices edged higher on Tuesday, with U.S. crude touching its hig... More »

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Road to bitcoin ETF paved with red tape

A Bitcoin logo is seen on a cryptocurrency ATM in Santa Monica, California, U.S., January 4, 2018. REUTERS/Lucy Nicholson NEW YORK (Reuters) – The going is getting tough for U.S. companies hoping to win the race to bring a bitcoin exchange-traded fund to marke... More »

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Uber reaches $3 million settlement with New York drivers over fees

FILE PHOTO: A man arrives at the Uber offices in Queens, New York, U.S. on February 2, 2017. REUTERS/Brendan McDermid/File Photo (Reuters) – Uber Technologies Inc [UBER.UL] agreed to pay up to $3 million to settle a proposed class-action lawsuit brought on beh... More »

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SEC mixes message on Apple shareholder proposals, activists say

FILE PHOTO: A customer looks at her Apple iPhone X at an Apple store in New York, U.S., November 3, 2017. REUTERS/Lucas Jackson/File Photo BOSTON (Reuters) – Apple Inc was allowed to disregard one activist shareholder proposal on greenhouse gas emissions but t... More »

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Euro zone factory growth surges to record- more uneven in Asia

FILE PHOTO: A container ship is seen at the shipping terminal Eurokai in the Port of Hamburg, Germany November 6, 2017. REUTERS/Fabian Bimmer/File Photo LONDON/HONG KONG (Reuters) – Euro zone factories ended 2017 growing at their fastest pace in more than two ... More »

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China expects 2018 industrial output to grow around 6 percent

FILE PHOTO: A worker jokes and beckons at her colleague as she rolls away carts of unused tools between rows of spinning machine at a factory owned by Hong Kong’s Novetex Textiles Limited in Zhuhai City, Guangdong Province, China December 13, 2016. REUTERS/Ven... More »

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Dollar steady but its funding costs soar ahead of year-end

A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration TOKYO (Reuters) – The dollar was little changed against other major currencies on Monday in holiday-thinned trading while the cost of swapping the yen for th... More »

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China’s central bank says will skip OMOs on Monday

SHANGHAI (Reuters) – China’s central bank said it will skip open market operations on Monday. On a net basis, the People’s Bank of China (PBOC) will drain 120 billion yuan ($18.25 billion) from the money market for the day, as that amount of reverse repos is d... More »

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China urges state firms to guard against overseas corruption risks

SHANGHAI (Reuters) – China’s corruption watchdog on Monday urged its state-owned enterprises (SOE) to guard against the risk of corruption in their overseas entities, saying it was a key task of every company’s Communist Party cell. The Central Commission for ... More »

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Russian finmin sees economy growing 1.8-2 pct in 2017: Ifax

FILE PHOTO: Russian Finance Minister Anton Siluanov attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia, June 2, 2017. REUTERS/Sergei Karpukhin/File Photo MOSCOW (Reuters) – Russia’s economy is expected to grow between 1.8 and ... More »

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VW may post excellent 2017 results, CEO tells Welt am Sonntag

Volkswagen CEO Matthias Mueller attends the opening of the Frankfurt Motor Show (IAA) in Frankfurt, Germany September 11, 2017. REUTERS/Kai Pfaffenbach BERLIN (Reuters) – Volkswagen (VOWG_p.DE) will report excellent group results this year, its chief executive... More »

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RBS to pay $125 million to settle California mortgage bond claims

People walk past a branch of the Royal Bank of Scotland in London, Britain December 1, 2017. REUTERS/Peter Nicholls (Reuters) – Royal Bank of Scotland Group Plc will pay $125 million to resolve claims that it made misrepresentations while selling mortgage-back... More »

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Cheers! Cider, craft beer makers get U.S. tax cut in new year

FILE PHOTO: Goose Island beer taps are seen amongst other craft beers at a bar in New York January 21, 2015. REUTERS/Brendan McDermid/File Photo (Reuters) – Makers of craft beer, artisanal spirits, hard cider and mead may lift their glasses a bit higher next y... More »

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Boeing seen eyeing broad Embraer deal, but no firm proposal made

The Embraer Phenom 300 is displayed during the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas airport in Sao Paulo, Brazil August 15, 2017. REUTERS/Paulo Whitaker PARIS (Reuters) – Boeing Co (BA.N) is eyeing a broad partner... More »

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This year’s lumps of coal could be 2018’s diamonds

FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, U.S., December 28, 2016. REUTERS/Andrew Kelly/File Photo SAN FRANCISCO (Reuters) – Investors saddled in 2017 with the market’s worst performers, incl... More »

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Companies have up to a year for new U.S. tax bill reporting: SEC

Jay Clayton, Chairman of the Securities and Exchange Commission in Washington, U.S. September 26, 2017. REUTERS/Aaron P. Bernstein WASHINGTON (Reuters) – U.S. financial regulators said on Friday that because the new tax bill could make timely financial reporti... More »

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Mexico to review need for tax changes after U.S. reform-document

MEXICO CITY (Reuters) – Mexico’s finance ministry will evaluate whether to make fiscal changes in response to the U.S. tax reform, according to a document seen by Reuters on Friday. In the document, the ministry said Mexico would not make changes that left it ... More »

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As energy markets evolve, blockchain powers up

An Electrify SG engineer shows a PowerPod that will be installed to record data of photovoltaic solar panels on a rooftop in Singapore. REUTERS/Edgar Su SINGAPORE (Reuters) – Energy startups have been using blockchain to power electricity sharing in microgrid ... More »

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Ryanair hit with first ever pilots strike

FILE PHOTO: A pilot disembarks a Ryanair flight at Stansted airport in London, Britain September 27, 2017. REUTERS/Clodagh Kilcoyne BERLIN (Reuters) – Ryanair’s efforts to avert its first ever pilots strike collapsed on Friday as pilots in Germany held a four-... More »

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Wiese resigns as Steinhoff chairman in wake of accounting scandal

FILE PHOTO – Christo Wiese, whose companies include Steinhoff International, speaks as Shoprite reported it’s results in Cape Town, South Africa, February 21, 2017. REUTERS/Mike Hutchings (This December 14 story corrects to clarify Christo Wiese did not start ... More »

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Oil dips from highs, but OPEC’s cuts still support market

FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma, U.S., September 15, 2015. REUTERS/Nick Oxford/File Photo SINGAPORE (Reuters) – Oil prices on Friday dipped away from some of their highest levels ... More »

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FANGtastic stocks top vintage year for global markets

Czech crown banknotes are seen in this picture illustration taken in Prague January 18, 2013. REUTERS/David W Cerny LONDON (Reuters) – A 40 percent surge in world tech stocks, a jump of almost a third in emerging markets and double-digit percentage gains for t... More »

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Roche to buy U.S. cancer drugmaker Ignyta for $1.7 billion

FILE PHOTO: The logo of Swiss pharmaceutical company Roche is seen outside their headquarters in Basel, Switzerland, January 30, 2014. REUTERS/Ruben Sprich/File Photo (Reuters) – Swiss drugmaker Roche (ROG.S) will buy U.S. cancer drugmaker Ignyta Inc (RXDX.O) ... More »

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Catalan vote dents euro, upbeat U.S. data lifts stocks

FILE PHOTO: People walk past an electronic stock quotation board outside a brokerage in Tokyo, Japan, September 22, 2017. REUTERS/Toru Hanai/File Photo TOKYO (Reuters) – The euro dipped on Friday after Catalan separatists wanting to break away from Spain won a... More »

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Dollar edges up, euro slumps after Catalan vote

FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo TOKYO (Reuters) – The dollar edged up on Friday though it remained on track for weekly losses, while the euro slumped after Catalan vo... More »

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Alphabet’s Eric Schmidt to step down as executive chairman

SAN FRANCISCO (Reuters) – Alphabet Inc (GOOGL.O) said on Thursday its Executive Chairman Eric Schmidt will step down in January, ending a 17-year-run in which he played a central role in building a promising startup called Google into a global technology power... More »

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In Silicon Valley, much-feared tax bill pays dividends for workers

FILE PHOTO: An Apple logo is seen in a store in Los Angeles, California, U.S., March 24, 2017. REUTERS/Lucy Nicholson SAN FRANCISCO (Reuters) – The U.S. tax overhaul is a boon to Silicon Valley technology companies like Apple Inc (AAPL.O) and Alphabet Inc (GOO... More »

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Facebook, Universal Music strike multi-year licensing deal

(Reuters) – Facebook Inc and Universal Music Group on Thursday announced a global agreement that will enable users to upload videos featuring music from Universal’s library across the social media network as well as Instagram and Oculus. Through the agreement,... More »

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Investor equity valuation worries grow – BAML survey

FILE PHOTO: Traders react at the closing bell on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., November 30, 2017. REUTERS/Brendan McDermid/File Photo LONDON (Reuters) – Two-thirds of investors believe U.S. tax cuts will boost equity marke... More »

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Freezing IMF deal a key risk to Ukraine next year: central bank

KIEV (Reuters) – Ukraine’s central bank said on Monday a failure to cooperate with the International Monetary Fund and the inefficiency of state lenders were among the biggest risks to the country’s financial stability next year. Backtracking by the government... More »

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Japanese prosecutors raid more firms over maglev train contracts

TOKYO (Reuters) – Japanese prosecutors on Monday raided the offices of two of the country’s biggest construction firms as they expanded an investigation into suspected collusion over contracts for an $80 billion high-speed magnetic levitation (maglev) train li... More »

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Central banker wants French banks to help drive European M&A

FILE PHOTO — Governor of the Bank of France Francois Villeroy de Galhau attends a press conference after the Franco-German Financial Council meeting in Berlin, Germany, September 23, 2016. REUTERS/Axel Schmidt/File Photo PARIS (Reuters) – France’s central bank... More »

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Dealmaking in focus as European shares climb back to 6-week high

MILAN (Reuters) – European shares rose on Monday, with merger and acquisition activity in focus and investor sentiment buoyed by expectations that a U.S. tax bill could soon pass. Thales (TCFP.PA) rose 8.4 percent after the French aerospace and defense company... More »

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U.S. tax cut outlook drives stocks but dents dollar

FILE PHOTO: People walk past an electronic stock quotation board outside a brokerage in Tokyo, Japan, September 22, 2017. REUTERS/Toru Hanai/File Photo LONDON (Reuters) – Global stock markets hit record highs on Monday on expectations that a U.S. tax bill coul... More »

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Gemalto CEO sticks to plan to cut 288 jobs in France

Patrice Caine, Chairman and Chief Executive Officer of Aerospace and defence group Thales, and Philippe Vallee, Chief Executive Officer of chipmaker Gemalto, shake hands before a news conference in Paris, France, December 18, 2017. REUTERS/Philippe Wojazer PAR... More »

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Fiat Chrysler recalls 10,355 Jeep Grand Cherokee SUVs in Russia

FILE PHOTO – LED lights are shown on a 2012 Jeep Grand Cherokee during the first media preview day at the 2012 Chicago Auto Show in Chicago, Illinois February 8, 2012. REUTERS/Frank Polich MOSCOW (Reuters) – Italian-American carmaker Fiat Chrysler Automobiles ... More »

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One large euro zone bank is short of capital: ECB

The European Central Bank (ECB) headquarters are pictured in Frankfurt, Germany December 14, 2017. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – One euro zone bank is falling short of the European Central Bank’s capital requirements, the ECB said on Monday, mea... More »

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Thai Beverage unit wins auction to buy 54 percent stake in Sabeco

Bottles of Sabeco’s Saigon beer are seen at a restaurant bar in Hanoi, Vietnam December 18, 2017. REUTERS/Kham HO CHI MINH CITY (Reuters) – A unit of Thai Beverage (TBEV.SI) won the auction to buy a $5 billion or 54 percent stake in top brewer Sabeco SAB.HM in... More »

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Dollar dips on U.S. tax reform caution

FILE PHOTO: U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo LONDON (Reuters) – The dollar dipped against a basket of major currencies on Monday, on caution ahead of a vote in U.S. Congress on... More »

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Lockheed hits 2017 F-35 delivery target despite production hiccups

A Lockheed Martin F-35B fighter is seen at the Royal International Air Tattoo at Fairford, Britain July 8, 2016. REUTERS/Peter Nicholls (Reuters) – Lockheed Martin Corp (LMT.N) said that it hit its 2017 target to deliver 66 F-35 fighter jets to the U.S. and it... More »

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Buwog agrees to be taken over by Vonovia in $6.1 billion deal

The logo of German real estate company Vonovia SE, a member of the German DAX-30 stock market index, is seen at a Vonovia building in Essen, western Germany May 10, 2016. REUTERS/Wolfgang Rattay/File Photo FRANKFURT (Reuters) – Germany’s Vonovia (VNAn.DE) has ... More »

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China’s top leaders start annual economic meeting: Xinhua

China World Trade Center Tower III (L) and China Zun Tower under construction are pictured behind a Chinese flag in Beijing’s central business area, China December 14, 2017. REUTERS/Jason Lee BEIJING (Reuters) – China’s top leaders have started an annual meeti... More »