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Euro zone economy: real recovery or another Sirens` song?

FILE PHOTO:Fireworks explode next to the Quadriga sculpture atop the Brandenburg gate during New Year celebrations in Berlin, Germany, January 1, 2017. REUTERS/Fabrizio Bensch/File Photo Over the years, euro zone economic growth has been a bit like the Sirens ... More »

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Airbus says no further cracks found in A400M transport engines

An Airbus A400M military transport plane is parked at the Airbus assembly plant during an event in the Andalusian capital of Seville, southern Spain, December 1, 2016. REUTERS/Marcelo del Pozo All A400M transport plane engines affected by an order from Europea... More »

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Wall Street set to open lower as oil prices fall

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 22, 2017. REUTERS/Brendan McDermid U.S. stocks were set to open lower on Friday as a drop in oil prices weighed and investors assessed if the “Trump rally” had gone too... More »

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Stocks fall, dollar poised for weekly loss as Trump rally pauses

A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, April 18, 2016. REUTERS/Toru Hanai Bond market jitters spilled over into stocks on Friday, pulling European indexes lower for a third straight session, and the dollar was poised for a ... More »

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J.C. Penney reports comp sales drop, to shut 130-140 stores

Customers ride the escalator at a J.C. Penney store in New York August 14, 2013. REUTERS/Brendan McDermid/File Photo Department store operator J.C. Penney Co Inc (JCP.N) said on Friday it would close 130-140 stores over the next few months, and reported a bigg... More »

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Dollar hits one-week low as `Trumpflation trade` fades

U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration The dollar hit a one-week low on Friday and was set for its first week of falls in three, as the “Trumpflation trade” that took the greenback to 14-year h... More »

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Germany says unsure of Trump trade stance, but keen for U.S. talks

U.S. President Donald Trump is interviewed by Reuters in the Oval Office at the White House in Washington, U.S., February 23, 2017. REUTERS/Jonathan Ernst Germany does not yet have a full picture of the approach U.S. President Donald Trump’s administration is ... More »

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Domestic demand drives German growth in fourth quarter

People carry bags outside a shopping mall on the last day of Christmas shopping in Berlin December 23, 2014. REUTERS/Hannibal Hanschke The German economy quadrupled its growth rate to 0.4 percent in the fourth quarter of 2016 as higher state spending, rising p... More »

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China can stabilize homes prices, tax plan under way: government

Residential buildings are seen in Beijing, China, January 10, 2017. Picture taken on January 10, 2017. REUTERS/Jason Lee China’s property prices will remain stable in the first quarter, housing minister Chen Zhenggao said on Thursday, adding the government has... More »

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How one Chinese region shows risks of relying on heavy borrowing

People shop at a market in Dalian, Liaoning province, China, June 9, 2016. REUTERS/Stringer/File Photo A flurry of construction in the Chinese city of Shenyang belies a regional economy in crisis, a striking example of the increasingly diminishing returns from... More »

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Switzerland`s ABB hit by $100 million South Korean fraud

A woman walks past the logo of Swiss power technology and automation group ABB ahead of a news conference to present the company’s full-year results in Zurich, Switzerland February 8, 2017. REUTERS/Arnd Wiegmann Swiss engineering group ABB (ABBN.S) revealed th... More »

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UK economy picks up in late 2016 but signs of Brexit hit appear

Workers walk to work during the morning rush hour in the financial district of Canary Wharf in London, Britain, January 26, 2017. REUTERS/Eddie Keogh Britain’s economy accelerated at the end of 2016 but growth for the whole year was weaker than previously thou... More »

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German business morale brightens despite political risks

Employees work at Computed Tomography ‘CAT scan’ at the manufacturing plant of Siemens Healthineers in Forchheim near Nuremberg, Germany, October 7, 2016. REUTERS/Michaela Rehle German business morale brightened unexpectedly in February as managers’ assessment... More »

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Euro zone January inflation confirmed at 1.8 percent year-on-year

FILE PHOTO:A worker walks in the foundry at the Areva Creusot Forge site in Le Creusot, France, January 11, 2017. REUTERS/Robert Pratta/File Photo Euro zone inflation rose to an annual rate of 1.8 percent in January, the European Union statistics agency said o... More »

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Global stocks top 2016 gains, dollar up before Fed minutes

A trader walks past the German DAX Index board on the trading floor at the Frankfurt stock exchange in Frankfurt, Germany, February 15, 2017. REUTERS/Ralph Orlowski Global stocks hit record highs on Wednesday, pushing gains for the year above those for all of ... More »

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Hong Kong hands out generous budget, paints brighter outlook

FILE PHOTO – Containers are seen at Container Terminal 9 during sunset at Hong Kong’s Kwai Chung district September 7, 2012. REUTERS/Bobby Yip/File Photo Hong Kong handed out billions of dollars in tax cuts and poverty relief on Wednesday to reflate its econom... More »

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India`s bankers skeptical over central bank proposal on bad loans

People walk past the Reserve Bank of India (RBI) building in New Delhi, India. Picture taken March 2, 2016. REUTERS/Anindito Mukherjee A proposal by India’s central bank to set up new private or state companies that would buy up bad debt from lenders was met w... More »

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Global stocks hit record highs, dollar rises on rate-hike view

A woman walks past the London Stock Exchange building in the City of London, Britain, January 16 , 2017. REUTERS/Toby Melville Stock prices across the world climbed to record highs on Tuesday on news euro zone business activity accelerated to a six-year high, ... More »

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HSBC`s 2016 profit slumps 62 percent on writedowns as outlook dims

A taxi drives past a branch of HSBC bank in London, Britain, February 9, 2015. REUTERS/Suzanne Plunkett/File Photo HSBC Holdings (HSBA.L) reported a 62 percent slump in annual pre-tax profit that fell way short of analysts’ estimates as the British bank took h... More »

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Euro zone businesses growth fastest since April 2011: PMIs

Employees use sewing machines as they work at the Royal Mer Bretagne factory, a specialist in French manufactured knitted clothes, in La Regrippiere, western France, November 28, 2016. REUTERS/Stephane Mahe Eurozone private sector and manufacturing growth unex... More »

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Hints of March rate rise drive dollar higher

U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration The dollar rose broadly on Tuesday after two Federal Reserve policymakers pointed to the potential for U.S. interest rates to ri... More »

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Asia stocks consolidate recent gains- China shines

An investor walks in front of an electronic board showing stock information on the first trading day after the New Year holiday at a brokerage house in Shanghai, China, January 3, 2017. REUTERS/Aly Song Asian stocks held ground on Tuesday though Chinese equiti... More »

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Mexico central bank faces `complex environment`: Diaz de Leon

Alejandro Diaz de Leon, the newest member of the Mexican central bank, speaks on the phone before an interview with Reuters in Mexico City, Mexico February 20, 2017. REUTERS/Jose Luis Gonzalez Mexico’s central bank faces difficult decisions as it balances a sp... More »

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Foreign investment is not leaving China: commerce minister

China’s Commerce Minister Gao Hucheng attends a session during the 2016 G20 Trade Ministers Meeting in Shanghai, China July 10, 2016. REUTERS/Aly Song China’s commerce minister on Tuesday sought to assuage concerns that foreign investment is leaving the countr... More »

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Greece, lenders agree to work out new reforms to unblock aid

Greek Finance Minister Euclid Tsakalotos talks to European Economic and Financial Affairs Commissioner Pierre Moscovici (R) during a eurozone finance ministers meeting in Brussels, Belgium February 20, 2017. REUTERS/Francois Lenoir Greece and its international... More »

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How do you say deja vu in Greek?

FILE PHOTO:A Greek flag flutters in front of the ancient Parthenon temple atop the Acropolis hill archaeological site in Athens, Greece, June 26, 2015. REUTERS/Marko Djurica/File Photo It seems as if we have been here before: the euro zone fretting that a cris... More »

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Struggling European banks see light at end of low-rates tunnel

FILE PHOTO: Offices in the financial district of Canary Wharf in London, Britain, January 19, 2017. REUTERS/Kevin Coombs/File Photo Rock-bottom interest rates hurt more big European banks in 2016 than in the previous year, but the worst could soon be over with... More »

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Japan January exports seen up for second straight month

Newly manufactured vehicles await export at a port in Yokohama, Japan, January 16, 2017. REUTERS/Toru Hanai Japan’s exports are seen rising for the second straight month in January, supported by a global economic recovery and a soft yen while imports are expec... More »

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Dollar wallows near one-week low, policy concerns limit bounce

U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration The dollar wallowed near a one-week low against a basket of currencies on Friday after upbeat economic data failed to lift Treasury yields, with underlyin... More »

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China’s private placement boom on borrowed time

Liu Shiyu, chairman of the China Securities Regulatory Commission, drinks tea at a news conference on the sidelines of the National People’s Congress (NPC), China’s parliament, in Beijing, China, March 12, 2016. Picture taken March 12, 2016. REUTERS/Jason Lee ... More »

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CSX activist Mantle Ridge says willing to adjust demands

A CSX coal train (R) moves past an idling CSX engine at the switchyard in Brunswick, Maryland October 16, 2012. REUTERS/Gary Cameron The activist investor targeting U.S. railroad operator CSX Corp. (CSX.O) said in a letter to the company’s board on Thursday th... More »

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PepsiCo profit beats on demand for healthy snacks, drinks

FILE PHOTO – A bottle of Pepsi is seen in this file photo illustration February 10, 2015. REUTERS/Jim Young/Illustration/Files PepsiCo Inc (PEP.N) reported a better-than-expected quarterly profit, as the company benefited from its cost-cutting programs and hig... More »

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Big banks avoid hiring spree despite trading boom

FILE PHOTO: The Canary Wharf business district is seen reflected in windows at dusk in London, Britain December 11, 2016. REUTERS/Toby Melville/File Photo Market trading is booming at U.S. and European banks thanks to Donald Trump and Brexit, and yet the glory... More »

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Spanish lettuce shortage likely to continue into March, say farmers

Workers process lettuce for shipment at the Kernel plant in Los Alcazares, Murcia, southeast Spain February 13, 2017. REUTERS/Francisco Bonilla A shortage of iceberg lettuce is likely to continue into March, Spanish farmers say, because freak weather condition... More »

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Lloyd`s of London calls time on employees` lunch-time pint

A doorman looks out as workers walk in the rain past the Lloyd’s of London building in the City of London, Britain, January 7, 2016. REUTERS/Toby Melville Lloyd’s of London [SOLYD.UL], home for much of the world’s insurance trade, has finally called “last orde... More »

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UK wage growth slows in late 2016, employment picks up

FILE PHOTO – People look at job listings at the Careers and Jobs Live careers fair at the ExCeL centre in London April 19, 2009. REUTERS/Luke MacGregor/File Photo British workers saw their pay grow more slowly than expected at the end of last year, official da... More »

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ECB can force hand of banks that fail to cut bad loans: Donnery

FILE PHOTO: The European Central Bank (ECB) headquarters is pictured in Frankfurt, Germany, January 21, 2015. REUTERS/Kai Pfaffenbach/File Photo The European Central Bank can set binding requirements if it thinks a bank is not cutting its pile of unpaid loans ... More »

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Dollar racks up eleventh day of gains ahead of CPI data

United States one dollar bills are seen on a light table at the Bureau of Engraving and Printing in Washington in this November 14, 2014, file photo. REUTERS/Gary Cameron/Files The dollar ground out an 11th straight daily rise on Wednesday, as investors’ focus... More »

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Pharma industry shuns Trump push for radical shift at FDA

A view shows the U.S. Food and Drug Administration (FDA) headquarters in Silver Spring, Maryland August 14, 2012. REUTERS/Jason Reed/File Photo U.S. President Donald Trump’s vow to roll back government regulations at least 75 percent is causing anxiety for som... More »

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U.S. insurers sense opportunity in unwanted pension plans

U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration U.S. insurers are buying corporate pension plans at a record clip as rising interest rates and all-time high stock-market values... More »

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South Korea sues Nissan over mileage claims, probes BMW, Porsche

The logo of Nissan is seen through a window of a bus passing by its dealership in Seoul, South Korea, May 16, 2016. REUTERS/Kim Hong-Ji/File Photo South Korea has sued Nissan Motor’s (7201.T) South Korean unit alleging that the Japanese car maker manipulated t... More »

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Asia shares eke out 19-month top, cautious ahead of Yellen

A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, April 18, 2016. REUTERS/Toru Hanai Asian shares inched to 19-month highs on Tuesday as the potential for economic stimulus in the United States underpinned the dollar, bond yields and ... More »

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BOJ Kuroda says global yield rises alone won`t trigger rate hike

Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan January 31, 2017. REUTERS/Toru Hanai Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank will not change its bond yield targets j... More »

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Germany wants Greece in euro zone, IMF says no special deals

The Greek (L) and European Union flags are seen behind a stop sign in front of the Greek embassy in Vienna, Austria, February 25, 2016. REUTERS/Leonhard Foeger Germany on Monday voiced support for Greece to stay in the euro zone and the European Commission dis... More »

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Asian shares at 1-1/2-year high, yen sags after Trump-Abe meet

South Korean won, Chinese yuan and Japanese yen notes are seen on U.S. 100 dollar notes in this picture illustration taken in Seoul, South Korea, December 15, 2015. REUTERS/Kim Hong-Ji Asian stocks rallied to 1-1/2-year highs on Monday, helped by renewed hopes... More »

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Dollar hits two-week high vs yen on U.S.-Japan summit relief

A U.S. one-hundred dollar bill (C) and Japanese 10,000 yen notes are spread in Tokyo, in this February 28, 2013 picture illustration. REUTERS/Shohei Miyano The dollar rose to a two-week high versus the yen on Monday, with the market breathing a sigh of relief ... More »

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UK employers worry that EU workers will leave this year: survey

Workers walk in the rain at the Canary Wharf business district in London November 11, 2013. REUTERS/Eddie Keogh More than a quarter of employers in Britain say staff members from other European Union countries have considered leaving their firms or the country... More »

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Euro zone, IMF agree on a common stance on Greece: official

A Greek flag flutters in the wind as tourists visit the archaeological site of the Acropolis hill in Athens, Greece July 26, 2015. REUTERS/Ronen Zvulun/File Photo Euro zone lenders and the International Monetary Fund have reached agreed between themselves to p... More »

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VW turns on ex-chairman over emissions allegations

FILE PHOTO: The Volkswagen logo is seen at the Frankfurt Motor Show (IAA) in Frankurt, Germany, September 10, 2013. REUTERS/Pawel Kopczynski/File Photo Volkswagen signalled it could take legal action against former chairman Ferdinand Piech after a media report... More »

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Oil fuels stocks rally, bond market pressure eases

A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, April 18, 2016. REUTERS/Toru Hanai Stocks rose in Europe and Asia on Thursday and yields fell on some of the euro zone’s battered low-rated bonds as investors put aside the political r... More »

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Former Israeli business tycoon Dankner appeals conviction

Nochi Dankner (L), once one of Israel’s most powerful businessmen, attends a sentencing hearing at the Tel Aviv District court, Israel December 5, 2016. REUTERS/Shlomi Yosef/Pool Nochi Dankner, once one of Israel’s most powerful businessmen who lost his busine... More »

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Kiwi clattered by central bank steer, U.S. dollar dips

Reserve Bank of New Zealand dollar notes are pictured in Singapore June 22, 2006. REUTERS/Dennis Owen/File Photo The New Zealand dollar was by far the biggest faller among major currencies on Thursday, down almost a full percentage point after its central bank... More »

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South Korean court rules against Nissan in emissions case

FILE PHOTO – A Nissan Qashqai is seen at its dealership in Seoul, South Korea, May 16, 2016. REUTERS/Kim Hong-Ji/File Photo A South Korean court ruled against Nissan Motor Co (7201.T) on Thursday in an emissions case, siding with the government in its accusati... More »

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Takata to set aside $864 million as part of U.S. DOJ settlement

FILE PHOTO – A logo of Takata Corp is seen with its display as people are reflected in a window at a showroom for vehicles in Tokyo, November 6, 2015. REUTERS/Toru Hanai/File Photo Japan’s Takata Corp (7312.T) said on Thursday it will set aside 96.93 billion y... More »

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Australian banks face renewed push for intrusive inquiry

A combination of photographs shows people using automated teller machines (ATMs) at Australia’s ”Big Four” banks – Australia and New Zealand Banking Group Ltd (bottom R), Commonwealth Bank of Australia (top R), National Australia Bank Ltd (bottom L) and Westpa... More »

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Harry Potter spinoff helps Time Warner top estimates

FILE PHOTO – A Time Warner logo is seen at a Time Warner store in New York City, October 23, 2016. REUTERS/Stephanie Keith/File Photo Time Warner Inc reported higher-than-expected fourth-quarter results, largely due to box office hits such as the “Harry Potter... More »

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China halts construction at major Lotte project amid THAAD tension

FILE PHOTO – The logo of Lotte Hotel is seen at a Lotte Hotel in Seoul, South Korea, June 7, 2016. REUTERS/Kim Hong-Ji/File Photo South Korea’s Lotte Group said Chinese authorities have halted construction at a multi-billion dollar real estate project after a ... More »

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Political jitters keep euro, French debt under pressure

Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, February 1, 2017. REUTERS/Staff/Remote Political uncertainty ahead of European elections prompted nervous investors to sell the euro a... More »

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UK employers expect to offer smaller pay rises in 2017: BoE

Workers walk to work during the morning rush hour in the financial district of Canary Wharf in London, Britain, January 26, 2017. REUTERS/Eddie Keogh British employers expect to offer less generous pay deals this year compared with 2016 despite rising inflatio... More »

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Political risks weigh on euro, yen gains

A man counts U.S dollars and Euros at a money exchange office in central Cairo, Egypt, December 27, 2016. REUTERS/Mohamed Abd El Ghany The euro fell another third of a percent against the dollar on Wednesday, as concerns around a resurgence in political risk t... More »

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Hyundai may source car batteries from China amid political tension

The logo of Hyundai Motor is seen on a steering wheel at its dealership in Seoul, South Korea, December 15, 2016. REUTERS/Kim Hong-Ji Hyundai Motor (005380.KS) said on Wednesday it may procure electric vehicle batteries from Chinese companies for a planned Chi... More »

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Disney CEO Iger says he is open to extending his term

FILE PHOTO – The logo of the Disney store on the Champs Elysee is seen in Paris, France, March 3, 2016. REUTERS/Jacky Naegelen/File Photo Chief Executive Bob Iger said on Tuesday he is open to extending his term as the head of Walt Disney Co (DIS.N), offering ... More »

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Wall Street edges up as Nasdaq sets record high

Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, U.S., January 31, 2017. REUTERS/Lucas Jackson The S&P 500 ended barely higher on Tuesday while the Nasdaq managed to scratch out a new record as gains i... More »

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Fiat Chrysler reiterates diesel vehicles fully compliant

A new Fiat Chrysler Automobiles sign is pictured after being unveiled at Chrysler Group World Headquarters in Auburn Hills, Michigan May 6, 2014. REUTERS/Rebecca Cook Fiat Chrysler reiterated its diesel vehicles were fully compliant with applicable emissions r... More »