Tuesday, January 31, 2017

Warren Buffett: I bought $12 billion of stock after Trump won

(Reuters) - The failure of Warren Buffett's favored candidate to capture the White House has not dimmed the billionaire's appetite for stocks.

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Trump, trade adviser signal displeasure with U.S. 'strong dollar' policy

NEW YORK/LONDON (Reuters) - U.S. President Donald Trump and a top economics adviser on Tuesday unleashed a barrage of criticism against Germany, Japan and China, saying the three key U.S. trading partners were engaged in devaluing their currencies to the harm of American companies and consumers.

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Dollar hit by crossfire as Trump talks currency wars

SYDNEY (Reuters) - The dollar nursed hefty losses in Asia on Wednesday after the Trump administration accused Germany and Japan of devaluing their currencies to gain a trade advantage, fuelling a risk-off mood that subdued stocks while benefiting bonds.

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Trump pushes drugmakers for lower prices, more U.S. production

WASHINGTON/LOS ANGELES (Reuters) - U.S. President Donald Trump in a meeting on Tuesday with pharmaceutical executives called on them to manufacture more of their drugs in the United States and cut prices, while vowing to speed approval of new medicines and ease regulation.

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Wall St. slips on weak earnings, Trump policies

(Reuters) - U.S. stocks opened lower on Tuesday as investors turned risk averse after disappointing earnings from a raft of companies and uncertainty following President Donald Trump's recent decisions.

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Funds wary that higher U.S. stocks at risk of Trump disappointment

LONDON (Reuters) - Global investors raised their U.S. equity holdings to an 18-month high in January, betting fiscal stimulus from U.S. President Donald Trump will spur growth, but doubts are growing whether he can deliver as much as markets have priced in.

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How Toyota, Target, Best Buy are fighting back against Republican border tax push

WASHINGTON (Reuters) - Days before a group of Republican lawmakers were due to discuss their party's controversial proposal to tax all imports, Toyota Motor Corp sent an urgent message to its U.S. dealers - tell the politicians the tax would seriously hurt car buyers.

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Monday, January 30, 2017

Elliott turns up CEO pressure blending activism with buyouts

NEW YORK/SAN FRANCISCO (Reuters) - Eight days after Elliott Management disclosed a 7.6 percent stake in LifeLock Inc , managers of the more than $30 billion hedge fund met with executives at the consumer protection company.

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Fed likely to keep rates steady as it awaits Trump economic plan

WASHINGTON (Reuters) - The U.S. Federal Reserve is expected to keep interest rates unchanged on Wednesday in its first policy decision since President Donald Trump took office, as the central bank awaits greater clarity on his economic policies.

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Halliburton asks workers from banned countries not to travel to U.S

(Reuters) - Halliburton Co has advised workers from the countries named in President Trump's immigration ban not to travel to the U.S., according to an email from a spokeswoman.

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Asian shares rattled by Trump travel curb orders, dollar soft

TOKYO (Reuters) - Asian shares were on the defensive on Tuesday as stringent curbs on travel to the U.S. ordered by President Donald Trump brought home to investors that he is serious about putting his radical campaign pledges into action.

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Trump signs executive order to slash regulations

WASHINGTON (Reuters) - President Donald Trump signed an order on Monday that will seek to dramatically pare back federal regulations by requiring agencies to cut two existing regulations for every new rule introduced.

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U.S. consumer spending, housing data bolster economic outlook

WASHINGTON (Reuters) - U.S. consumer spending accelerated in December as households bought motor vehicles and cold weather boosted demand for utilities amid a rise in wages, pointing to sustained domestic demand that could spur economic growth in early 2017.

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Wall St. set to open lower after Trump's travel curbs

(Reuters) - U.S. stocks looked set to open lower on Monday, amid uncertainty following President Donald Trump's orders to curb travel and immigration from certain countries.

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Negative effective of currency rates on company results fall in third quarter

NEW YORK (Reuters) - Currency market fluctuations in the third quarter of 2016 had the smallest negative impact on North American companies' financial results since 2014, FIREapps said in a report on Monday.

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Sunday, January 29, 2017

Trump travel ban stirs faint corporate outcry beyond Silicon Valley

NEW YORK/BOSTON (Reuters) - Most U.S. corporate bosses have stayed silent on President Donald Trump's immigration curbs, underscoring the sensitivities around opposing policies that could provoke a backlash from the White House.

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Silicon Valley puts money and muscle into fighting Trump immigrant curbs

SAN FRANCISCO (Reuters) - Silicon Valley took the lead over the weekend in corporate resistance to President Donald Trump's clampdown on immigration, financing legal opposition, criticizing the plan, as well as helping employees ensnared by his executive order.

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Oil extends decline as rising U.S. output weighs

TOKYO (Reuters) - Oil prices extended declines on Monday, dragged down by signs of growing output in the United States that would partly offset production cuts by OPEC and other producers.

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Health insurer Anthem could rise 30 percent on earnings potential: Barron's

NEW YORK (Reuters) - Anthem Inc shares could rise by 30 percent as the U.S. health insurer is undervalued and has the most room for improvement in profit margins and earnings among its peers, Barron's reported.

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Saturday, January 28, 2017

U.S. companies scramble to cope with seven-country immigration ban

SAN FRANCISCO (Reuters) - U.S. companies scrambled on Saturday to cope with the fallout from President Trump's executive order on immigration, with Google urgently calling back employees from overseas and companies rushing to provide legal advice and assistance.

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Buffett, Gates have hope for America after Trump ascension

NEW YORK (Reuters) - Bill Gates and Warren Buffett on Friday expressed optimism that the United States will move ahead as a nation, even as it works through political differences and gets used to the new Trump administration.

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Friday, January 27, 2017

Tycoon Slim says Mexico ready to help negotiate with Trump

MEXICO CITY (Reuters) - Mexican billionaire Carlos Slim said on Friday a united Mexico was ready to help the government negotiate with Donald Trump and called on all political parties to support President Enrique Pena Nieto in his discussions with the U.S. president.

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History of music

History of music

(EN) SteamBroker

What is "SteamBroker"?

SteamBroker service provides marketplace to trade items from digital distribution platform Steam™. Using our marketplace you can buy goods from other users or sell any items from your inventory yourself, which can be exchanged with Steam™ trade offers. For example, items from such games as Dota 2™, Counter Strike: Global Offensive™ (CS:GO), Team Fortress™, Unturned™ and so on. Also it's possible to buy and sell Steam Trading Cards and any games, presented as a Steam gifts if you already can exchange it. You will pay a price set by other users for it, so will guarantee you lowest possible prices. You can even get discounts in case of constant use of our service.

SteamBroker guarantees the absolute security for all deals. All items will be exchanged through our service Steam accounts, these accounts will be your automatic MiddleMan and will guarantee an accuracy of transferring the items to the buyer and money paid to seller.

Go to SteamBroker

SteamBroker

Что такое "SteamBroker"?

Сервис SteamBroker предоставляет площадку для торговли вещами из сервиса цифровой дистрибуции Steam. На нашей площадке вы можете купить у других пользователей или продать сами любые предметы из Вашего инвентаря, которые возможно передать через торговое предложение Steam. Например, вещи из таких игр как Dota™ 2, Counter Strike: Global Offensive™ (CS:GO), Team Fortress™ 2, H1Z1 и прочих. А так же возможна продажа коллекционных карточек Steam и даже игр, в виде подарков в инвентаре, которые так же возможно передавать. Вы можете купить вещи за ту цену, которую указывают другие пользователи, что гарантирует отличные цены без лишних наценок.

Так же Вы можете использовать наш сайт как магазин для своих предметов. Вы получите персональную ссылку которая будет отображать только Ваши предметы.

Наш сервис гарантирует абсолютную безопасность всех сделок. Товары передаются через наши сервисные аккаунты Steam, которые выступают в качестве гаранта и контролируют точность получения вещей покупателем и выплату денег продавцу.

Перейти на SteamBroker

(EN) Steam-Trader

Steam-trader.com - Trade platform Dota2, CS:GO, TF2, Gifts.

It is a unique traiding platform, allowing you to buy and sell cosmetic items of Dota 2, CS:GO, Team Fortress2 or Games (Gifts) for real money, at the best prices! Trading platform consists of four sections, which are interlinked by a shared wallet that will allow you to sell things in one section and buy them in another. Deposit and withdrawal funds available with the help of multiple payment systems. Earn - resting! Successful auction!

Go to Steam-trader

Steam-Trader

Steam-trader - Торговая площадка Dota2, CS:GO, TF2, Gifts.

Это уникальная торговая площадка, позволяющая покупать и продавать Игры или Гифты (Gift) Steam, а так же вещи Dota 2, CS:GO, Team Fortress2 за реальные деньги, без комиссии! Торговая площадка состоит из четырех разделов, которые связанны между собой общим кошельком, что позволит вам продавать вещи в одном разделе и покупать их в другом. Пополнение счета и вывод средств доступно при помощи множества платежных систем.

Выводи деньги из Steam! Зарабатывай - отдыхая!

Перейти на Steam-trader

German prosecutors open fraud inquiry into former Volkswagen CEO

BERLIN (Reuters) - German prosecutors are investigating former Volkswagen chief executive Martin Winterkorn on suspicion of fraud, looking into when he first knew that the carmaker was rigging diesel emissions tests.

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Wall Street little changed as earnings, GDP data disappoint

(Reuters) - Wall Street was little changed on Friday as investors paused after a recent rally following underwhelming corporate earnings and gross domestic product data.

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Futures flat as investors pause after Dow's recent rally

(Reuters) - U.S. stock index futures were little changed on Friday as investors paused after driving the Dow Jones Industrial Average to three straight days of gains and ahead of a host of economic data and corporate results.

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German prosecutors widen VW emissions probe

BERLIN (Reuters) - German prosecutors have expanded an investigation into Volkswagen's emissions test-cheating scandal and said the carmaker's former chief executive may have known about the manipulation sooner than he has so far said publicly.

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As regulators waver, Apple takes on Qualcomm in courts

SAN FRANCISCO (Reuters) - Apple Inc's new legal assault on Qualcomm in the United States and China reflects its conclusion that regulators are unlikely to put an end to what it considers the chip maker's unfair business practices, analysts said.

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Weak exports seen crimping U.S fourth-quarter economic growth

WASHINGTON (Reuters) - U.S. economic growth likely slowed in the fourth quarter as a plunge in shipments of soybeans weighed on exports, but a healthy increase in consumer spending and rising business investment should underscore the economy's underlying momentum.

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Thursday, January 26, 2017

Asia shares steady, dollar and oil hold onto gains

SINGAPORE (Reuters) - Asian shares were steady on Friday and were on track for a solid advance this week, while oil and the dollar held onto gains in the wake of strong U.S. corporate earnings.

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Microsoft's profit rises 3.6 percent as cloud demand soars

(Reuters) - Microsoft Corp reported a 3.6 percent rise in quarterly profit on Thursday, powered by a surge in demand for the company's flagship cloud platform Azure.

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Alphabet quarterly profit misses estimates, shares fall

(Reuters) - Google parent Alphabet Inc posted fourth-quarter profit below analysts' estimates on Thursday, sending its shares down more than 2.7 percent in extended trading.

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Volkswagen set to plead guilty in U.S. diesel emissions case

WASHINGTON (Reuters) - Volkswagen AG is set to plead guilty on Feb. 24 in Detroit to three felony counts as part of a plea agreement with the U.S. Justice Department to resolve an excess diesel emissions investigation, a court filing shows.

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U.S. weekly jobless claims rise, but labor market strength intact

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose more than expected last week, but the underlying trend remained consistent with tightening labor market conditions.

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Futures higher after Dow closes above 20,000

(Reuters) - U.S. stock index futures were higher on Thursday, a day after the Dow Jones Industrial Average closed above the 20,000 milestone for the first time.

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Stocks bask in afterglow of Dow breaking past 20,000

LONDON (Reuters) - World stock markets climbed strongly on Thursday, with investors basking in the afterglow of a break past 20,000 points for Wall Street’s record high Dow Jones index.

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Wednesday, January 25, 2017

J&J to buy Actelion for $30 billion

ZURICH (Reuters) - Swiss biotech company Actelion said on Thursday it had agreed to be purchased by Johnson & Johnson in a $30 billion deal.

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TransCanada to find out if shippers still behind Keystone XL

WHISTLER, British Columbia (Reuters) - TransCanada Corp does not know definitively if shippers are still behind the recently revived Keystone XL pipeline project and will be reaching out to them to find out, chief executive Russ Girling said on Wednesday.

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Oil prices rise on weakening dollar, but plentiful supplies cap gains

SINGAPORE (Reuters) - Oil prices rose on Thursday, driven up by a weakening dollar, but gains were capped by plentiful supplies and inventories despite an effort by OPEC and other producers to cut output and prop up the market.

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EBay holiday quarter revenue rises 3.1 percent

(Reuters) - EBay Inc reported a 3.1 percent rise in quarterly revenue for the holiday period, offering a bright spot for investors as the company's revamped online marketplace attracted more buyers and helped sell more products.

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AT&T's quarterly revenue misses analysts' estimates

(Reuters) - AT&T Inc , the No. 2 U.S. wireless carrier, reported quarterly revenue below analysts' estimates as it struggles to cope with intense competition in the wireless market.

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Boeing sets cash flow record, lifts 2017 forecast for jet output

(Reuters) - Boeing Co said on Wednesday it expects to deliver between 760 and 765 commercial aircraft in 2017, topping 748 deliveries in 2016.

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Cisco to buy AppDynamics for $3.7 billion in growth push

SAN FRANCISCO (Reuters) - Cisco Systems Inc said on Tuesday that it agreed to buy U.S. business software company AppDynamics Inc for about $3.7 billion, making one of its largest deals of recent years as it searches for growth beyond its core networking business.

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Trump talks to U.S. automakers, pushes for new American plants

WASHINGTON (Reuters) - U.S. President Donald Trump urged the chief executives of the Big Three U.S. automakers on Tuesday to build more cars in the country, pressing his pledge to bring jobs to America and discourage the car industry from investing in Mexico.

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Tuesday, January 24, 2017

U.S. agency calls for safer lithium-ion batteries after Samsung fires

(Reuters) - Safety standards for lithium-ion batteries need to be modernized following a massive recall of Samsung Electronics Co Ltd phones after faulty batteries caused fires, a U.S. government agency said on Tuesday.

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Alcoa reports quarterly loss

(Reuters) - Alcoa Corp reported a loss in its first quarterly results after the metals company split into two in November.

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Aetna, Humana to consider all options after court blocks merger

(Reuters) - Aetna and Humana would consider all available options for their proposed $34 billion merger, the two U.S. health insurers said on Tuesday, a day after a court ruled against the deal due to fears it would lower competition.

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Futures flat as earnings season gathers pace

(Reuters) - U.S. stock index futures were little changed on Tuesday as investors assessed quarterly earnings reports, while seeking more clarity on President Donald Trump's economic policies.

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After U.S. exit, Asian nations try to save TPP trade deal

WELLINGTON/TOKYO (Reuters) - Australia and New Zealand said on Tuesday they hope to salvage the Trans-Pacific Partnership (TPP) by encouraging China and other Asian countries to join the trade pact after U.S. President Donald Trump kept a promise to abandon the accord.

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Monday, January 23, 2017

More businesses must work with suppliers to curb climate change: study

OSLO (Reuters) - Too few businesses are working with their suppliers to reduce greenhouse gas emissions, according to study that praised 29 companies including General Motors, Sky and Sony Corp for taking the lead.

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U.S. judge approves VW dealers $1.2 billion settlement

WASHINGTON (Reuters) - Volkswagen AG's dealers will receive an average of $1.85 million in a $1.2 billion settlement approved by a U.S. judge on Monday over its diesel emissions scandal.

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Samsung Elec fourth-quarter profit jumps as record chip earnings mask Note 7 failure

SEOUL (Reuters) - Samsung Electronics Co Ltd on Tuesday said fourth-quarter operating profit jumped 50 percent to its highest in over three years, as record earnings in its chips business masked the negative impact of its failed Note 7 phones.

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Dollar, stocks hit by Trump's protectionist stance

NEW YORK (Reuters) - The U.S. dollar fell to a seven-week low against a basket of other major currencies on Monday and global stock markets were shaky over investor concerns about protectionist rhetoric by U.S. President Donald Trump.

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Yahoo results beat; sees Verizon deal closing later than expected

(Reuters) - Yahoo Inc reported better-than-expected quarterly adjusted profit and revenue, and said it expected the sale of its core internet business to Verizon Communications Inc to complete in the second quarter from the first.

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Federal judge blocks Aetna Inc's plan to buy rival Humana

WASHINGTON (Reuters) - A U.S. federal judge blocked on Monday health insurer Aetna Inc's proposed $34 billion merger with rival Humana, and Aetna said it was considering an appeal.

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Halliburton says North America revenue growth may beat rig count rise

(Reuters) - Halliburton Co , the world's No. 2 oilfield services provider, said its revenue growth this year would meet or outpace the increase in the number of drilling rigs in North America.

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Wall St. slips on President Trump's protectionist views

(Reuters) - U.S. stocks lost ground on Monday as investors digested President Donald Trump's protectionist statements and sought safe-haven assets such as gold and U.S. Treasury bonds.

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Trump to meet executives, labor leaders in first full day in office

WASHINGTON (Reuters) - U.S. President Donald Trump planned to hold meetings on Monday with business and labor leaders to discuss manufacturing and other matters as he starts his first full week in office.

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Exclusive: Blackstone readies new Asia real estate fund of at least $5 billion: sources

HONG KONG (Reuters) - Blackstone Group LP is readying a new Asia-focused real estate fund that aims to raise a record $5 billion or more, betting on strong returns from property investments in the region, people familiar with the plans told Reuters.

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Japan's PM says will keep seeking Trump's understanding on TPP

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Monday he believed U.S. President Donald Trump understood the value of free trade and that he would keep pitching a multinational trade pact that Trump's administration has vowed to exit.

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Sunday, January 22, 2017

SEC probing Yahoo over previously disclosed cyber breach: filing

(Reuters) - The U.S. Securities and Exchange Commission is investigating a previously disclosed data breach at Yahoo Inc, the company said in a filing.

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Samsung Electronics says battery defects caused Note 7 fires

SEOUL (Reuters) - Samsung Electronics Co Ltd on Monday said battery defects caused its premium Galaxy Note 7 phones to catch fire, not the device's software or hardware.

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Japan Inc believes Abe, Trump don't want to see excessive yen weakness: Reuters poll

TOKYO (Reuters) - Japanese companies believe that neither U.S. President Donald Trump nor Japan Prime Minister Shinzo Abe want to see the yen weaken significantly, a Reuters poll showed, a development they worry could spark an unwelcome political backlash.

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Foxconn CEO says investment for display plant in U.S. would exceed $7 billion

TAIPEI (Reuters) - Foxconn, the world's largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sunday.

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Ministers positive on OPEC, non-OPEC oil output cuts

VIENNA (Reuters) - Energy ministers from OPEC and non-OPEC countries meeting in Vienna on Sunday have struck a positive note regarding their agreement to cut oil output as a committee set to monitor compliance with the deal meets for the first time.

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Saturday, January 21, 2017

Chief of Taiwan's Foxconn says rise of protectionism unavoidable

TAIPEI (Reuters) - The head of Foxconn, the world's largest contract manufacturer of electronic goods and a major Apple Inc supplier, said on Sunday that the rise of protectionism is unavoidable.

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Friday, January 20, 2017

Wall Street Week Ahead: Optimism among S&P 500 CEOs as Trump takes power

SAN FRANCISCO (Reuters) - U.S. President Donald Trump's administration is only hours old, but already a small parade of S&P 500 companies' chiefs have voiced optimism that his promised tax cuts, stimulus spending and deregulation will boost corporate profits.

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Apple files $1 billion suit against chip supplier Qualcomm

(WASHINGTON) - Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, following a U.S. government lawsuit which accused the chip maker of using anti-competitive tactics to maintain its monopoly of a key semiconductor in mobile phones.

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Morgan Stanley, Citi plan Brexit job moves: sources

LONDON/FRANKFURT (Reuters) - U.S. banks Morgan Stanley and Citigroup have identified many of the roles that will need to be moved from Britain following its exit from the European Union, sources involved in the processes told Reuters.

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Investment Focus: History suggests Trump month will be stocks down, dollar up

LONDON (Reuters) - For financial markets, the Trump era begins on Monday, and if history is any guide the following month should be a rocky one for Wall Street but positive for the dollar.

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U.S. bankers tell Europeans to think positively on Trump

DAVOS, Switzerland (Reuters) - U.S. bankers, buoyed by a resurgence in profits, are advising their counterparts in Europe to think positively about the new administration of U.S. President-elect Donald Trump.

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ChemChina seeks U.S. anti-trust approval for Syngenta deal

BEIJING (Reuters) - China National Chemical Corp [CNNCC.UL], or ChemChina, said on Friday it has sought the U.S. anti-trust regulator's approval for its planned $43 billion acquisition of Swiss crop protection and seed group Syngenta AG .

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Thursday, January 19, 2017

Asian stocks, dollar slip as Trump caution outweighs China GDP

SINGAPORE (Reuters) - Caution prevailed in financial markets on Friday ahead of U.S. President-elect Donald Trump's inauguration, even as China's fourth-quarter economic growth beat expectations and Federal Reserve Chair Janet Yellen took a less hawkish policy stance.

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Fed's Yellen says unwise to allow U.S. economy to run 'hot'

PALO ALTO, Calif. (Reuters) - With monetary policy still modestly accommodative, the U.S. central bank should continue to raise interest rates slowly to keep jobs plentiful and inflation low, Federal Reserve Chair Janet Yellen said on Thursday.

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China seen posting steady fourth quarter GDP growth of 6.7 percent

BEIJING (Reuters) - Boosted by higher government spending and record bank lending, China is expected to report on Friday that its economy grew by a steady 6.7 percent in the fourth quarter, giving it a solid tailwind heading into what is expected to be a turbulent 2017.

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IBM reports better-than-expected fourth-quarter results; forecast beats

(Reuters) - International Business Machines Corp forecast full-year earnings above Wall Street estimates and reported better-than-expected quarterly revenue, helped by growth in newer areas such as cloud-based services and analytics.

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Soros says uncertainty over Trump will cause markets to falter

(Reuters) - The billionaire investor George Soros on Thursday said that global markets will falter given the uncertainty of new U.S. president Donald Trump's policies.

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Judge to block mega-merger of Anthem and Cigna: NY Post

(Reuters) - A federal judge is expected to block a proposed deal between health insurer Anthem Inc and Cigna Corp as soon as Thursday, the New York Post reported, citing sources.

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Exclusive: Aon nears $4.5 billion sale of benefits outsourcing unit - sources

(Reuters) - Insurance broker Aon Plc is in advanced talks to sell its employee benefits outsourcing unit to buyout firm Clayton Dubilier & Rice LLC for nearly $4.5 billion, people familiar with the matter said on Thursday.

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U.S exchanges rent helicopter, drape banner in pursuit of Snapchat IPO

SAN FRANCISCO/NEW YORK (Reuters) - This past November, Nasdaq Inc hired a helicopter to film Manhattan's skyline using Snapchat's new video-camera sunglasses and sent the aerial footage to its social media followers.

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Wall St. opens flat a day before Trump takes office

(Reuters) - U.S. stocks opened little changed on Thursday, with investors seemingly wary of taking on risk ahead of Donald Trump's swearing-in as U.S. president on Friday.

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U.S. jobless claims fall unexpectedly in latest week

WASHINGTON (Reuters) - The number of Americans filing initial claims for unemployment benefits fell unexpectedly last week back to near the lowest levels in decades.

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Goldman CEO says still unclear on Brexit relocation plans: Bloomberg

LONDON (Reuters) - Goldman Sachs Chief Executive Lloyd Blankfein said on Thursday that he still doesn't know if there will be just one location the bank will relocate operations to in order to deal with Britain's exit from the European Union.

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Wednesday, January 18, 2017

Chinese paper warns Boeing, U.S. agriculture in crosshairs of Trump trade war

BEIJING (Reuters) - An influential Chinese state-run newspaper on Thursday again warned that U.S. aircraft manufacturer Boeing Co and U.S. agricultural imports could be targets for retaliation in any trade war ushered in by U.S. President-elect Donald Trump.

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Indian government wants Apple, but not all officials are biting

NEW DELHI (Reuters) - Some Indian officials have baulked at Apple's demands for concessions before it assembles iPhones there, raising doubts about a spring deadline to launch a key project in Prime Minister Narendra Modi's campaign to lure foreign investors.

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Netflix blows past international subscriber estimates

(Reuters) - Netflix Inc's international and U.S. subscriber additions blew past analysts' estimates as the video streaming service released shows including the award-winning British drama "The Crown" and a revival of "Gilmore Girls".

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Credit Suisse finalizes $5.3 billion mortgage deal with U.S.

NEW YORK (Reuters) - Credit Suisse formally agreed to pay $5.3 billion to settle with U.S. authorities over claims it misled investors in residential mortgage-backed securities it sold in the run-up to the 2008 financial crisis, the U.S. Department of Justice said on Wednesday.

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Citigroup's quarterly profit gets boost from trading

(Reuters) - Citigroup Inc reported a 7 percent rise in quarterly profit, wrapping up a strong quarter for big U.S. banks, as trading in bonds and currencies surged following the U.S. presidential election.

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U.S. sues JPMorgan for alleged mortgage discrimination

NEW YORK (Reuters) - The United States on Wednesday sued JPMorgan Chase & Co , accusing the bank of discriminating against minority borrowers by charging them higher rates and fees on home mortgage loans between 2006 and at least 2009.

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Global growth outlook shaky on trade protectionism fears: Reuters poll

(Reuters) - The global economic outlook remains shaky, despite recent pockets of resilience, according to the overwhelming majority of economists polled by Reuters who said a rise in protectionist trade policies would hamper growth.

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Business euphoria over Trump gives way to caution, confusion

WASHINGTON (Reuters) - Early optimism among business lobbyists and executives that Donald Trump's election heralded better days has slowly given way to uncertainty as the president-elect fires off mixed and sometimes confusing messages on healthcare, taxes and trade.

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Tuesday, January 17, 2017

Deutsche Bank sees fourth quarter pretax impact of $1.2 billion from DoJ civil penalty

FRANKFURT (Reuters) - Deutsche Bank expects a negative impact of $1.2 billion on its fourth-quarter pretax profit from a civil monetary penalty of $3.1 billion agreed with the U.S. Department of Justice, its chief executive said in a message to staff.

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Deutsche Bank signs $7.2 billion deal with U.S. over risky mortgages

NEW YORK (Reuters) - Deutsche Bank has signed a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis, the government agency said on Tuesday.

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Wal-Mart to create 10,000 U.S. jobs this year

(Reuters) - Wal-Mart Stores Inc said it would create about 10,000 jobs in the United States this year, about the same as in previous years, as President-elect Donald Trump puts pressure on companies to hire more U.S. workers.

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Wilbur Ross, Trump's Commerce pick, offshored 2,700 jobs since 2004

WASHINGTON (Reuters) - Billionaire Wilbur Ross, chosen by Donald Trump to help implement the president-elect's trade agenda, earned his fortune in part by running businesses that have offshored thousands of U.S. jobs, according to Labor Department data attained by Reuters.

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Futures fall on Brexit worries, Trump's dollar comments

(Reuters) - U.S. stock index futures fell the most this year as investors sought safe-haven assets following President-elect Donald Trump's comments on the dollar and British Prime Minister Theresa May's Brexit speech.

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Luxottica's Del Vecchio says listing in both Italy and France still an option: report

(Reuters) - The group created by the merger of Italy's Luxottica and France's Essilor will consider a listing in both Italy and France, as well as the United States, Luxottica founder Leonardo del Vecchio was quoted as saying on Tuesday.

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BAT agrees terms to buy Reynolds for $49.4 billion

LONDON (Reuters) - British American Tobacco has agreed a $49.4 billion takeover of U.S. rival Reynolds American Inc , creating the world's biggest listed tobacco company after it nudged up an earlier offer by more than $2 billion.

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Monday, January 16, 2017

Samsung chief faces long day as South Korean court weighs arrest warrant

SEOUL (Reuters) - The head of South Korea's giant Samsung Group faces a long day in court on Wednesday as a judge decides whether he should be arrested for bribery in a corruption scandal that has engulfed President Park Geun-hye's administration.

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Pound quivers near three-month low, stocks weak before May's Brexit stance speech

TOKYO (Reuters) - The pound hovered near three-month lows versus the dollar on Tuesday and stocks were mostly weaker as investors waited for British Prime Minister Theresa May to lay out plans to exit the European Union amid fears Britain will lose access to the single market.

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Trump calls corporate tax border adjustment 'too complicated': WSJ

(Reuters) - U.S. President-elect Donald Trump says the border adjustment provision, a feature of House Republicans' corporate-tax plan, is "too complicated", the Wall Street Journal reported on Monday.

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Oil prices inch up on Saudi commitment to cut output

SINGAPORE (Reuters) - Oil edged up on Tuesday after Saudi Arabia said it would strictly adhere to a commitment to cut output, but worries in financial markets about the outlook for crude supply dragged on prices.

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Bankrupt U.S. retailer American Apparel starts layoffs

(Reuters) - American Apparel LLC said it had started to lay off staff on Monday, after Canadian apparel maker Gildan Activewear Inc withdrew its initial plan to acquire some of the bankrupt U.S. fashion retailer's manufacturing operations.

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Investors turn wary as Brexit, Trump uncertainty grows

LONDON (Reuters) - Investors sold sterling and stocks on Monday, seeking shelter in gold and the Japanese yen as uncertainty over Britain's departure from the European Union and the policies of U.S. President-elect Donald Trump curbed appetite for risky assets.

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Trade tensions, dollar danger cloud economic optimism in Davos

DAVOS, Switzerland (Reuters) - A trade war between the United States and China and a strengthening dollar are among the biggest threats to a brightening global economic outlook, according to leading economists at the World Economic Forum in Davos.

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Trump threatens German carmakers with 35 percent U.S. import tariff

FRANKFURT (Reuters) - Shares in German carmakers BMW , Daimler and Volkswagen fell after United States President-elect Donald Trump warned he will impose a border tax of 35 percent on vehicles imported from abroad to the U.S. market.

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Luxottica and Essilor agree 46 billion euro merger to create eyewear giant

MILAN/PARIS (Reuters) - Italy's Luxottica and France's Essilor have agreed a 46 billion euro ($49 billion) merger to create a global powerhouse in the eyewear industry with annual revenue of more than 15 billion euros, they said in a statement on Monday.

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Sunday, January 15, 2017

U.S. profit growth pickup could justify Wall Street rally

NEW YORK (Reuters) - U.S. companies are set to report their strongest profit growth in two years, which could go a long way toward justifying Wall Street's record-breaking rally, say stock investors who anticipate many companies will top expectations.

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Samsung Electronics probe finds battery was main cause of Note 7 fires: source

SEOUL (Reuters) - Samsung Electronics Co Ltd's investigation into what caused some Galaxy Note 7s to catch fire has concluded that the battery was the main reason, a person familiar with the matter told Reuters on Monday.

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Davos elites struggle for answers as Trump era dawns

DAVOS, Switzerland - The global economy is in better shape than it's been in years. Stock markets are booming, oil prices are on the rise again and the risks of a rapid economic slowdown in China, a major source of concern a year ago, have eased.

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Trump threatens BMW with border tax on cars built in Mexico

BERLIN (Reuters) - President-elect Donald Trump has warned the United States will impose a border tax of 35 percent on cars that German carmaker BMW plans to build at a new plant in Mexico and export to the U.S. market.

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U.S. insurers get inside cars, mouths, grocery carts in profit search

NEW YORK (Reuters) - Twice a day, Scott Ozawa's Bluetooth-enabled toothbrush tells his dental insurer if he brushed for a full two minutes. In return, the 41-year-old software engineer gets free brush heads and the employer which bought his insurance gets premium discounts.

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Trump says U.S. automakers should make products in the country

WASHINGTON (Reuters) - U.S. President-elect Donald Trump said on Sunday that American automakers should starting assembling motor vehicles in the United States if they wanted to do business in country.

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U.S. banks to stay in fashion as earnings kick off

NEW YORK (Reuters) - U.S. bank stocks will stay in favor with investors as long as earnings reports in the coming week show an improving profit outlook while investors wait to see if U.S. President-elect Donald Trump lives up to his campaign promises.

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Friday, January 13, 2017

Sony Entertainment CEO Lynton to step down; to become Snap Inc chairman

(Reuters) - Sony Corp said on Friday Michael Lynton would step down as chief executive of its movie and music businesses, Sony Entertainment, effective Feb. 2.

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Exclusive: Moody's to pay over $850 million for pre-crisis ratings - source

NEW YORK (Reuters) - Moody's Corp has agreed to pay over $850 million to settle with U.S. federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, one person familiar with the matter said on Friday.

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Top U.S. bank executives strike positive tone heading into 2017

NEW YORK (Reuters) - Executives of big U.S. banks expressed optimism on Friday about the outlook for 2017 in their first public comments about quarterly earnings since the U.S. presidential election in November.

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EU, U.S. strike deal to boost transatlantic insurance market

BRUSSELS (Reuters) - The European Union and the United States agreed on Friday to reduce legal and capital barriers to boost the $3 billion transatlantic insurance and reinsurance market.

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JPMorgan results trump estimates as election stimulates trading

(Reuters) - JPMorgan Chase & Co , the No. 1 U.S. bank by assets, reported stronger-than-expected quarterly earnings and revenue on Friday, helped by a surge in investor activity related to the U.S. presidential election.

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Wells Fargo reports fifth straight decline in profit

(Reuters) - Wells Fargo & Co , the largest U.S. mortgage lender, reported its fifth straight decline in quarterly profit on Friday as it tries to recover from a bogus-accounts scandal.

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BofA's profit beats as Trump's win spurs trading and costs fall

(Reuters) - Bank of America Corp reported a 46.8 percent rise in quarterly profit on Friday, kicking off what is expected to be a strong period for U.S. banks following an upswing in market activity in the wake of the U.S. presidential election.

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Thursday, January 12, 2017

Samsung leader quizzed for over 22 hours in South Korea corruption scandal

SEOUL (Reuters) - Samsung Group leader Jay Y. Lee left the South Korean special prosecutor's office early on Friday, more than 22 hours after arriving for questioning on bribery suspicions in an influence-peddling scandal that could topple President Park Geun-hye.

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U.S. judge orders Volkswagen executive detained

MIAMI/NEW YORK (Reuters) - A U.S. judge on Thursday ordered a Volkswagen executive charged in the Justice Department's diesel emissions investigation held without bail pending trial.

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Takata to pay $1 billion in U.S. settlement: sources

NEW YORK (Reuters) - Japan's Takata Corp is expected to agree to plead guilty to charges as early as Friday as part of a $1 billion settlement with the U.S. Justice Department to resolve a government investigation into deadly air bag ruptures, sources said.

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Yellen had 'super risky' proposal for Fed's 2011 low-rate vow: transcripts

SAN FRANCISCO/WASHINGTON (Reuters) - Faced with sharply deteriorating economic conditions in 2011 after ending their second bond-buying program, Federal Reserve policymakers made an unprecedented bid to shore up the recovery by promising to keep rates low until at least mid-2013.

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Ford expands Takata air bag recall, now affects three million vehicles

DETROIT (Reuters) - Ford Motor Co said on Thursday it will recall about 816,000 vehicles as it widened previous actions affecting models with Takata Corp air bags.

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EPA accuses Fiat Chrysler of excess diesel emissions

(Reuters) - The U.S. Environmental Protection Agency on Thursday accused Fiat Chrysler Automobiles NV of using software that allowed excess diesel emissions in 104,000 U.S. trucks and SUVs sold since 2014, the result of a probe that stemmed from regulators' investigation of rival Volkswagen.

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AT&T chief executive, Trump meet amid planned Time Warner merger

NEW YORK (Reuters) - AT&T chief executive Randall Stephenson is meeting with Donald Trump on Thursday in New York amid the company's planned merger with Time Warner Inc . a deal that the Republican president-elect has criticized.

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Weekly jobless claims rise; import prices push higher

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose less than expected last week and the underlying trend remained consistent with a tightening labor market that is starting to spur faster wage growth.

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Futures fall as Trump speech disappoints

(Reuters) - U.S. stock index futures fell on Thursday after President-elect Donald Trump gave little clarity on his campaign-trail promises of boosting economic growth that had powered Wall Street for two months.

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Delta Air profit falls 36.5 percent

(Reuters) - Delta Air Lines Inc on Thursday reported a 36.5 percent decline in fourth-quarter profit and forecast passenger unit revenue, a closely watched metric, to be flat to up 2 percent in early 2017.

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Trump's tax cuts may pressure U.S.'s top credit rating: Fitch

LONDON (Reuters) - U.S. President-elect Donald Trump's plans to slash taxes could threaten the country's triple-A credit rating over the medium term, the head of EMEA sovereign ratings at the Fitch agency said on Thursday.

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Samsung chief questioned by prosecutors in South Korea political scandal

SEOUL (Reuters) - Special South Korean prosecutors questioned the head of top conglomerate Samsung Group [SAGR.UL] on suspicion of bribery on Thursday in an influence-peddling scandal that led to President Park Geun-hye's impeachment.

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VW shareholders call for reforms in wake of $4.3 billion U.S. deal

FRANKFURT (Reuters) - Volkswagen investors demanded greater transparency and reforms at the carmaker after it admitted to criminal offences in rigging U.S. emissions tests and U.S. prosecutors indicted six current and former managers over the scandal.

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U.S. property foreclosures at 10-year low in 2016

(Reuters) - Foreclosure proceedings affected nearly a million U.S. homes and other real estate last year, down 14 percent from 2015 and down 70 percent from the worst of the housing crisis in 2009, a report released Thursday shows.

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Wednesday, January 11, 2017

Dollar loses altitude, Asia shares touch 11-week high

SYDNEY (Reuters) - The U.S. dollar nursed widespread losses on Thursday after President-elect Donald Trump's long-awaited news briefing provided scant clarity on future fiscal policies, disappointing bulls wagering on major stimulus.

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VW faces reforms, oversight for three years under U.S. settlement

WASHINGTON (Reuters) - Volkswagen AG, as part of a $4.3 billion settlement with U.S. regulators, on Wednesday agreed to sweeping reforms, new audits and oversight by an independent monitor for three years to resolve diesel emissions cheating investigations.

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Trump says pharmaceutical companies 'getting away with murder'

NEW YORK (Reuters) - U.S. President-elect Donald Trump on Wednesday said pharmaceutical companies are "getting away with murder" in the prices that they charge the government for medicines, and promised that would change.

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Mexico's peso hits historic low of 22 pesos per dollar as Trump speaks

MEXICO CITY (Reuters) - Mexico's currency weakened to a historic low of 22 pesos per dollar on Wednesday, shortly after U.S. President-elect Donald Trump began a news conference in New York.

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Samsung leader named a suspect in South Korea political probe

SEOUL (Reuters) - A South Korean special prosecutor's office will question Samsung Group [SAGR.UL] leader Jay Y. Lee as a suspect in a widening influence-peddling scandal that may force President Park Geun-hye from office.

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VW shares rise as $4.3 billion emissions deal with U.S. nears

BERLIN (Reuters) - Volkswagen's supervisory board is meeting on Wednesday to approve a draft $4.3 billion settlement with the U.S. Justice Department, a key milestone in its attempts to recover from its emissions test cheating scandal.

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Tuesday, January 10, 2017

Exclusive: Alibaba, part of planned Taiwan fund, won't seek board seats at local firms - source

TAIPEI (Reuters) - Alibaba Group Holding, which is awaiting regulatory approval for a $45 million fund it is participating in, has promised the Taiwanese government it will not take board seats at local firms the fund invests in, a source with direct knowledge of the matter said.

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Exclusive: Banks forced to cover tracks of China's forex regulator

SHANGHAI (Reuters) - China's forex regulator is telling banks to keep its instructions about curbing capital outflows secret and to ensure that research analysts keep any negative views about the yuan's prospects to themselves, several bankers said.

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Volkswagen confirms $4.3 billion U.S. settlement over diesel emissions

DETROIT (Reuters) - Volkswagen AG confirmed Tuesday it has negotiated a $4.3 billion concrete draft settlement with U.S. regulators to resolve its diesel emissions issues and plans to plead guilty to criminal misconduct as part of the civil and criminal settlement.

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Volkswagen says has negotiated $4.3 billion U.S. criminal settlement

BERLIN (Reuters) - Volkswagen has negotiated a concrete draft of a criminal and civil settlement worth $4.3 billion with the U.S. Justice Department and said the impact of the accord on its 2016 financial results cannot yet be defined.

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Xi to be first Chinese leader to attend Davos World Economic Forum

BEIJING/GENEVA (Reuters) - President Xi Jinping this month will become the first Chinese head of state to attend the World Economic Forum (WEF) in Davos, which this year will dwell on the rising public anger with globalization and the coming U.S. presidency of Donald Trump.

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EU privacy proposal could dent Facebook, Gmail ad revenue

BRUSSELS (Reuters) - Online messaging services such as WhatsApp , iMessage and Gmail will face tough rules on how they can track users under a proposal presented by the European Union executive on Tuesday which may hit advertising revenue.

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Futures flat as investors await earnings reports

(Reuters) - U.S. stock index futures were little changed on Tuesday as investors wait for the quarterly corporate earnings season, with Wall Street at record levels.

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Valeant to sell assets for $2.12 billion to ease debt load

(Reuters) - Valeant Pharmaceuticals International is selling its Dendreon cancer business and three skincare brands for about $2.12 billion as the troubled Canadian drugmaker looks to pay down its more than $30 billion debt.

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Trump's Commerce pick Wilbur Ross is no stranger to protectionism

WASHINGTON (Reuters) - When billionaire investor Wilbur Ross salvaged two North Carolina textile mills from bankruptcy in 2003 and 2004, one of the first things he did was head to Washington to immerse himself in trade law and policy.

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Monday, January 9, 2017

Yahoo's Marissa Mayer to resign from board after Verizon deal closes

(Reuters) - Yahoo Inc said Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc .

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Auto executives, with eye on Trump, highlight U.S. investments

DETROIT (Reuters) - Global auto executives at the Detroit auto show are highlighting their investments in the United States, mindful of President-elect Donald Trump's attacks on automakers for building vehicles in Mexico.

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Alibaba tells Trump about U.S. store plan for China e-shoppers

NEW YORK (Reuters) - Alibaba Executive Chairman Jack Ma met U.S. President-elect Donald Trump on Monday and laid out the Chinese e-commerce company's new plan to bring a million small U.S. businesses onto its platform to sell to Chinese consumers over the next five year, an Alibaba spokesman said.

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Supreme Court rejects Dow over $1 billion tax deduction claim

WASHINGTON (Reuters) - The U.S. Supreme Court on Monday declined to hear Dow Chemical Co's bid to revive its claim to more than $1 billion in tax deductions based on partnerships the company entered into that lower courts said were created primarily to avoid tax liability and had no legitimate business purpose.

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Trump praises Ford, Fiat for U.S. investments

WASHINGTON (Reuters) - President-elect Donald Trump praised Ford Motor Co and Fiat Chrysler Automobiles NV for announcing new investments in the United States after he made U.S. auto production a key part of his campaign.

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Mars to buy pet health care provider VCA for $7.7 billion

(Reuters) - Candy and pet food maker Mars Inc said it would buy VCA Inc , which runs hospitals for animals, for $7.7 billion.

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VW executive to appear in Miami court over Dieselgate scandal

DETROIT (Reuters) - Volkswagen executive Oliver Schmidt will appear in Federal Court in Miami, Florida, on Monday, a spokeswoman for the United States Attorney's office in Detroit said.

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Sunday, January 8, 2017

FBI arrests Volkswagen executive on fraud charges: NYT

(Reuters) - The Federal Bureau of Investigation arrested a Volkswagen AG executive on charges of conspiracy to defraud the U.S., the New York Times reported on Monday.

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Citic, Carlyle to buy stake in McDonald's China, HK businesses for $2.08 billion

(Reuters) - Citic Ltd and Carlyle Group LP would buy a majority interest in McDonald's Corp's mainland China and Hong Kong businesses for $2.08 billion, the companies said.

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Fiat Chrysler ups the ante as automakers respond to Trump

DETROIT (Reuters) - Fiat Chrysler Automobiles on Sunday said it will invest $1 billion to modernize two plants in the U.S. Midwest and create 2,000 jobs, upping the ante as automakers respond to threats from President-elect Donald Trump to slap new taxes on imported vehicles.

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Oil prices fall as Iranian crude tanker exports surge, U.S. adds more rigs

SINGAPORE (Reuters) - Oil prices fell early on Monday as Iran increased exports undermining efforts by other oil producers to curb a global fuel supply overhang and as U.S. drillers increased activity for a 10th week.

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Asian stocks set to gain on U.S. data; yuan in focus

HONG KONG (Reuters) - Asian stocks are poised to rise on Monday and the dollar firmed against a basket of currencies after the latest payrolls data highlighted U.S. jobs and wages growth.

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HMD Global launches first Nokia smartphone

HELSINKI (Reuters) - HMD Global, the Finnish company that owns the rights to use Nokia's brand on mobile phones, announced on Sunday its first smartphone, targeted for Chinese users with a price of 1,699 yuan ($246).

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Google shows improved self-driving system in Chrysler Pacifica

DETROIT (Reuters) - Google unveiled its latest self-driving system in a Chrysler Pacifica minivan during a Sunday preview ahead of the Detroit auto show, saying the technology is more reliable and affordable.

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Saturday, January 7, 2017

Rising REITs back bets on stronger economy

NEW YORK (Reuters) - Investors puzzled over whether U.S. interest rates are rising due to a stronger economy or because of fears about inflation might want to look at the recent gains in REITs for some useful guidance.

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Anbang in talks with Kushner for New York building overhaul: source

NEW YORK (Reuters) - China's Anbang Insurance Group is in talks to invest in a project to redevelop a flagship New York City building owned by Kushner Companies, the family real estate business run by U.S. President-elect Donald Trump's son-in-law Jared Kushner, according to a person familiar with the discussions.

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New policies coming to America could take weight off Fed -Powell

CHICAGO (Reuters) - A push by Washington for more business-friendly regulation and fiscal support for the economy could improve America's mix of policies which in recent years have relied too much on the Federal Reserve, Fed Governor Jerome Powell said.

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Fed's Powell says signs of financial excess are 'isolated'

CHICAGO (Reuters) - Low interest rates have helped the Federal Reserve get close to meeting its goals for employment and inflation and have yet to create financial instability, Federal Reserve Governor Jerome Powell said on Saturday.

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Friday, January 6, 2017

In sign of more hawkish Fed, Evans nods to three rate hikes

CHICAGO (Reuters) - Chicago Federal Reserve President Charles Evans said on Friday the central bank could raise interest rates three times this year, faster than he had expected just a few months ago and in line with the majority of his colleagues.

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Volkswagen, Justice Dept. nearing $3 billion agreement to resolve diesel allegations

WASHINGTON (Reuters) - Volkswagen AG and the U.S. Justice Department are nearing an agreement to resolve the government's civil and criminal investigations that would require the German automaker to pay a penalty of more than $3 billion, sources briefed on the talks said on Friday.

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AT&T does not expect to seek FCC approval to buy Time Warner

WASHINGTON (Reuters) - AT&T Inc said on Friday it expects to bypass a powerful telecommunications regulator in its planned $85.4 billion acquisition of Time Warner Inc .

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Job growth slows, but wages rebound strongly

WASHINGTON (Reuters) - U.S. employment increased less than expected in December but a rebound in wages pointed to sustained labor market momentum that sets up the economy for stronger growth and further interest rate increases from the Federal Reserve this year.

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Trade deficit rises for second straight month

WASHINGTON, Jan 6 (Reuters) - - The U.S. trade deficit widened for a second straight month in November as imports rose to their highest level in more than a year on higher oil prices, suggesting that trade was a significant drag on economic growth in the fourth quarter.

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Futures trim losses after jobs data

(Reuters) - U.S. stock index futures trimmed losses after a report showed that 156,000 jobs were added in private and public sectors in December, compared with economists' expectation of 178,000 jobs.

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As Trump targets Toyota over Mexico, Nissan faces bigger risk

TOKYO (Reuters) - U.S. President-elect Donald Trump has threatened Toyota Motor Corp over its Mexican-built cars, but the biggest risk from a punitive tariff would be for its compatriot Nissan Motor Co , the largest automaker operating in the country.

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Japan defends Toyota after Trump broadside over Mexican plant

TOKYO (Reuters) - The Japanese government defended Toyota Motor Corp on Friday as an "important corporate citizen" of the United States, after President-elect Donald Trump singled out the automaker and threatened to slap punitive tariffs on its Mexico-built cars.

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Thursday, January 5, 2017

Toshiba to meet banks Tuesday, loan waiver expected: sources

TOKYO (Reuters) - Toshiba Corp plans to meet with creditor banks on Tuesday to explain how it is addressing a massive charge the company says it must take on its U.S. nuclear business, two bankers briefed on the meeting said.

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Frontier Airlines hires banks to plan IPO - New York Times

(Reuters) - Low-cost carrier Frontier Airlines is preparing for an initial public offering and has hired banks to plan the debut, The New York Times reported, citing people familiar with the matter.

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Trade minister Seko says Japan will keep contributing to U.S. employment

TOKYO (Reuters) - Japan's trade minister Hiroshige Seko said on Friday that Japanese companies have and will continue to contribute to employment in the United States.

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U.S. department store challenges fail to rattle some investors

CHICAGO (Reuters) - Weak holiday sales by some U.S. department stores have reignited fears that the sector may never recover its growth levels of the past, but some investors are holding out hope for a longer-term recovery.

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Dollar, U.S. yields in retreat as 'Trump trade' unwinds

TOKYO (Reuters) - The U.S. dollar wobbled near three-week lows and U.S. bonds were bought back with the 10-year yield at one-month lows on Friday, as investors wound back 'Trump trade', helping to lift the world's stocks to 1-1/2-year highs.

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Boeing nears $10.1 billion order from India's Spicejet: Bloomberg

(Reuters) - Indian budget airline SpiceJet Ltd is expected to order at least 92 Boeing Co 737 jetliners, as it looks to bolster its presence in the world's fastest growing aerospace market, Bloomberg reported on Thursday.

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Nasdaq reaches record high, Macy's stirs retail fear

(Reuters) - The Nasdaq squeaked out a record high close on Thursday thanks to Amazon.com, while deep drops in Macy's, Kohl's and other department stores weighed on the broader stock market.

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Exclusive: Nissan halts joint development of luxury cars with Daimler - sources

PARIS (Reuters) - Nissan is halting joint development of luxury cars with Daimler's Mercedes-Benz, sources close to the companies told Reuters, suspending a key project in their seven-year partnership and potentially hitting profitability at a new shared factory in Mexico.

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Exclusive: Viacom to announce executive changes - sources

(Reuters) - Viacom Inc is expected to announce changes to its executive ranks as new Chief Executive Bob Bakish seeks to turn around the ailing media company, two sources told Reuters on Thursday.

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Bitcoin plunges as much as 20 percent as Chinese yuan soars

LONDON (Reuters) - A dramatic rally in digital currency bitcoin came to a spectacular end on Thursday with a plunge of up to 20 percent as China's yuan rose sharply - further evidence of an intriguing inverse relationship between the pair.

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Verizon executive says company unsure about Yahoo deal

(Reuters) - A senior executive of Verizon Communications Inc said on Thursday the company was unsure about its planned acquisition of Yahoo Inc's internet business.

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Dismal holiday sales at Macy's, Kohl's spell gloom for sector

(Reuters) - Disappointing holiday season sales at Macy's Inc and Kohl's Corp underscored the uphill task department stores face in winning back shoppers, who are increasingly turning to online retailers and spending less on apparel.

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Jobless claims fall to near 43-year low

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell to near a 43 year-low last week, pointing to further tightening in the labor market.

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Monsanto swings to quarterly profit

(Reuters) - U.S. seeds and agrochemicals company Monsanto Co , which is being bought by Germany's Bayer <AG BAYGn.DE> for $66 billion, swung to a quarterly profit, helped by higher demand from South America.

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OPEC oil output falls from record high ahead of planned cuts: Reuters survey

LONDON (Reuters) - OPEC's oil output in December fell from a record high ahead of a deal to cut production, a Reuters survey found on Thursday, helped by attacks on Nigeria's oil industry and top exporter Saudi Arabia trimming exports.

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Oil rises as Saudi Arabia discusses supply cuts

LONDON (Reuters) - Oil prices rose slightly on Thursday after reports Saudi Arabia had started talks with customers about a reduction of up to 7 percent in crude sales in February to support an attempt by OPEC to reduce global supply.

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U.S. small business borrowing rises as Trump elected president

(Reuters) - Borrowing by small U.S. firms ticked up in November, data released on Thursday showed, as Americans unexpectedly elected Republican Donald Trump as their next president and investors bid up U.S. stocks on bets that tax cuts will boost profits.

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Yuan surge knocks dollar as China moves on speculators

LONDON (Reuters) - Some of the biggest gains on record for China's yuan sent currency markets spinning on Thursday, driving the dollar broadly lower and threatening to quash one of the central bets of global investors for 2017.

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Initial Samsung production target is 10 million Galaxy S8 phones: media

SEOUL (Reuters) - Samsung Electronics Co Ltd has set an initial production target of 10 million Galaxy S8 smartphones, South Korea's Electronic Times reported on Thursday, citing unnamed sources.

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Wednesday, January 4, 2017

Ex-employee sues Snapchat, alleges it misled investors: Hollywood Reporter

(Reuters) - A former employee has dragged Snapchat to court accusing the messaging app of misleading investors and trading partners to drive up its initial public offering, the Hollywood Reporter said citing a court document.

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Asian stocks edge higher on Wall Street cues; oil up

HONG KONG (Reuters) - Asian stocks edged higher on Thursday, underpinned by a firm Wall Street after minutes from the Federal Reserve's December meeting suggested a less hawkish stance from policymakers.

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Wall Street keep gains after release of Fed minutes

(Reuters) - Wall Street held onto gains on Wednesday after minutes from the Fed's December meeting showed policymakers were concerned that quicker economic growth under President-elect Donald Trump could require faster interest-rate increases.

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Automakers could post record 2016 U.S. sales on Wednesday: poll

DETROIT (Reuters) - Major automakers in the U.S. market are expected to show robust December auto sales on Wednesday, perhaps high enough for 2016 results to break the record high set the previous year, according to a poll by Thomson Reuters.

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Exxon Mobil, Tillerson agree to cut all ties

(Reuters) - Exxon Mobil Corp and Rex Tillerson agreed to sever all ties to comply with conflict-of-interest requirements as the company's former chairman and chief executive awaits confirmation as U.S. secretary of state.

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Tuesday, January 3, 2017

Dollar strength lifts Japan shares, crimps commodities

SYDNEY (Reuters) - The U.S. dollar held near 14-year peaks on Wednesday as an abundance of upbeat global economic data boosted Wall Street and signs of quickening inflation dented fixed-income debt.

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Exclusive: Sullivan lawyer Jay Clayton seen as Trump’s top choice for SEC

WASHINGTON (Reuters) - Wall Street lawyer Jay Clayton has emerged as the top candidate to head the U.S. Securities and Exchange Commission for the Trump administration, two sources familiar with the matter said on Tuesday.

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Chided by Trump, Ford scraps Mexico factory, adds Michigan jobs

FLAT ROCK, Mich./WASHINGTON (Reuters) - Ford Motor Co on Tuesday scrapped a planned Mexican car factory and added 700 jobs in Michigan following criticism by Donald Trump, as the U.S. president-elect turned his attention toward rival General Motors Co with the threat of a "big border tax" over compact cars made in Mexico.

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Ford cancels $1.6 billion Mexican plant

WASHINGTON (Reuters) - Ford Motor Co said Tuesday it will cancel a planned $1.6 billion factory in Mexico and will invest $700 million at a Michigan factory as it expands its electric vehicle and hybrid offerings.

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Trump threatens 'big border tax' on GM over Chevy Cruze production

WASHINGTON (Reuters) - U.S. President-elect Donald Trump on Tuesday blasted U.S. carmaker General Motors and threatened to impose a "big border tax" for making its Chevy Cruze model in Mexico.

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Oil business seen in strong position as Trump tackles tax reform

WASHINGTON (Reuters) - Big Oil could be in a unique position to protect its interests against a Republican proposal to tax imports, given that President-elect Donald Trump's cabinet is studded with oil champions sensitive to the risk of higher gasoline prices.

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Intel seeking indirect stake in mapping firm HERE: German cartel office

FRANKFURT (Reuters) - Chip maker Intel has sought approval to buy a stake in HERE, a digital mapping firm controlled by Germany's carmakers Daimler , BMW and Volkswagen , a filing to the German cartel office showed.

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Oil prices rise as markets eye OPEC, non-OPEC production cuts

SEOUL (Reuters) - Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production, which kicked in on Sunday, will be effective in draining a global supply glut.

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Monday, January 2, 2017

Asia stocks see subdued start to 2017, dollar resumes climb

SINGAPORE (Reuters) - Asian stocks began 2017 on a flat note on Tuesday, uninspired by a surge in European markets to their highest in more than a year, while the dollar resumed its climb after last week's stumble.

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New Year, new high for euro zone stock markets

LONDON (Reuters) - Euro zone stocks opened 2017 by climbing to their highest in more than a year on Monday after data showed manufacturers in the currency bloc ramped up activity at the fastest pace in more than five years.

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Twitter China head Kathy Chen leaves company

NEW YORK (Reuters) - Twitter Inc executive Kathy Chen, who courted potential Chinese advertisers for the social media platform, announced her departure from the company in a tweet on Saturday.

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Bitcoin jumps above $1,000 for first time in three years

LONDON (Reuters) - Digital currency bitcoin kicked off the new year by jumping above $1,000 for the first time in three years late on Sunday, having outperformed all central-bank-issued currencies with a 125 percent climb in 2016.

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New drug approvals fall to six-year low in 2016

LONDON (Reuters) - Last year turned out to be a disappointing one for new drug approvals with the U.S. Food and Drug Administration clearing just 22 new medicines for sale, the lowest number since 2010 and sharply down on 2015's tally of 45.

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Sunday, January 1, 2017

Samsung Electronics to reveal Galaxy Note 7 probe results this month: JoongAng Ilbo

SEOUL (Reuters) - Samsung Electronics Co Ltd will announce this month the results of an investigation into what caused some of its Galaxy Note 7 smartphones to catch fire, the JoongAng Ilbo newspaper reported on Monday citing unnamed sources.

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Kia Motors says plans to sell 3.17 million vehicles globally in 2017

SEOUL (Reuters) - Kia Motors Corp aims to sell 3.17 million vehicles globally in 2017, the South Korean company said on Monday, up slightly from its 2016 goal of 3.12 million.

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Hyundai Motor says aims to sell 5.08 million vehicles globally in 2017

SEOUL (Reuters) - Hyundai Motor Co aims to sell 5.08 million vehicles globally in 2017, the South Korean company said on Monday, up slightly from its 2016 goal.

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