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Sneakers show limits of trade policy in reviving jobs for Trump

Consider the sneaker industry, one of the first to move to Asia because of the sharply lower cost of production in China and Vietnam. Nike Inc and its smaller, privately held rival New Balance Shoes Inc split over the question of whether the United States should back the Trans Pacific Partnership (TPP) trade deal. See the original post: Sneakers show limits of trade policy in reviving jobs for Trump  Read More →

Foreign banks shaken by Malaysia’s move to halt currency slide

By Saikat Chatterjee and Praveen Menon HONG KONG/KUALA LUMPUR (Reuters) – Foreign banks in Malaysia on Thursday were trying to work out how to comply with the central bank's clamp-down… Read the original:  Foreign banks shaken by Malaysia’s move to halt currency slide  Read More →

Exxon in negotiations with Chad over record $74 billion fine: Bloomberg

Exxon has appealed the Oct. 5 court ruling, but the appeals court hearing has been delayed because of the talks, Bloomberg reported, citing a lawyer for Exxon. The court decision fined a consortium led by Exxon over 44 trillion CFA francs Go here to read the rest: Exxon in negotiations with Chad over record $74 billion fine: Bloomberg  Read More →

Samsung to buy car tech firm Harman for $8 billion, South Korea’s biggest overseas deal

By Hyunjoo Jin and Miyoung Kim SEOUL (Reuters) – Samsung Electronics announced an $8 billion deal on Monday to buy Harman International Industries, marking a major push into the auto electronics market and the biggest overseas acquisition ever by a South Korean firm. The electronics giant previously shunned big acquisitions, and the latest deal underscores a strategic shift as the company tries... [Read more]

Election over, U.S. Congress pivots to lame-duck debate over spending

With a bitter election campaign finally over, the U.S. Congress will reconvene this week to try to set aside its partisan differences long enough to keep the government from closing. As President-elect Donald Trump shapes his administration, Republicans are expected to move away from initial plans for compromise funding legislation and opt instead for a short-term measure to keep the… See the... [Read more]

OPEC points to even bigger 2017 oil surplus as its output jumps

By Alex Lawler LONDON (Reuters) – OPEC reported an increase in its oil production in October to a record high led by members hoping to be exempt from the producer group's attempt to curb supply, pointing to … View post: OPEC points to even bigger 2017 oil surplus as its output jumps  Read More →

Tesla to buy Germany-based Grohmann Engineering

(Reuters) – Electric car maker Tesla Motors Inc said on Tuesday it would buy Germany-based Grohmann Engineering to improve its automated manufacturing systems. More: Tesla to buy Germany-based Grohmann Engineering  Read More →

China launches $11 billion fund for Central, Eastern Europe

China has set up a 10 billion euro ($11.15 billion) investment fund to finance projects in Central and Eastern Europe, Industrial and Commercial Bank of China said in a statement issued on Sunday. The China-Central Eastern Europe fund will View post:  China launches $11 billion fund for Central, Eastern Europe  Read More →

Alphabet’s unit discloses Snapchat investment

(Reuters) – Alphabet Inc's venture capital arm CapitalG, earlier known as Google Capital, disclosed an investment in Snapchat by adding the social networking firm's logo to a page on its investment portfolio website. CapitalG has not made a formal announcement and it was not clear when Google made the investment. The … Read more: Alphabet’s unit discloses Snapchat investment  Read More →

Bombardier books four Challenger 650 orders from Zetta Jet

ORLANDO, Fla. (Reuters) – Canadian plane and train maker Bombardier Inc said on Sunday it had booked an order for four of its Challenger 650 business jets from Zetta Jet, a charter operator based in Singapore, valued at $129 million at list prices. Read the rest here: Bombardier books four Challenger 650 orders from Zetta Jet  Read More →

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