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China posts worst export fall since 2009 as fears of U.S. trade war loom

By Elias Glenn and Sue-Lin Wong BEIJING (Reuters) – China's massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand…

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China posts worst export fall since 2009 as fears of U.S. trade war loom

Diesel cheating inquiries widen to Renault and Fiat

By Gilles Guillaume, Simon Carraud and Agnieszka Flak PARIS/MILAN (Reuters) – European carmakers were drawn into widening investigations into diesel emissions cheating on Friday, with French prosecutors examining Renault and British authorities seeking answers from Fiat Chrysler Automobiles NV. Volkswagen's admission that some of its diesel vehicles were fitted with devices which hid their true level of emissions has sparked a global regulatory push to

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Diesel cheating inquiries widen to Renault and Fiat

Retail sales rise on strong auto demand

WASHINGTON, Jan 13 (Reuters) – U.S. retail sales rose solidly in December amid strong demand for automobiles, providing further evidence that the economy ended the fourth

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Retail sales rise on strong auto demand

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. The bank's net income rose 23.8 percent to $6.73 billion in the three months ended Dec. 31, while earnings per share rose to $1.71 from $1.32. “The U.S. economy may be building momentum,” he added.

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JPMorgan results trump estimates as election stimulates trading

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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Wells Fargo reports fifth straight decline in profit

Amazon to pay C$1.1 million to settle Canada pricing case

The Canadian unit of Amazon.com will pay a C$1 million ($756,658.60) fine to settle an investigation into pricing activities on its website that gave an inaccurate view of how much consumers could save, Canada's competition watchdog said on …

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Amazon to pay C$1.1 million to settle Canada pricing case

Samsung Group leader Lee arrives at South Korea prosecution office for questioning

SEOUL (Reuters) – Samsung Group [SAGR.UL] leader Jay Y. Lee on Thursday arrived at the South Korean special prosecutor's office for questioning over bribery suspicions as part of a widening political scandal that may permanently unseat President Park Geun-hye.

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Samsung Group leader Lee arrives at South Korea prosecution office for questioning

Trump recommits to ‘major border tax’ on foreign-produced U.S. products

President-elect Donald Trump on Wednesday promised a “major border tax” on companies that shift jobs outside the United States, further pressuring American businesses days after Fiat Chrysler Automobiles NV said heavy tariffs could force the company to shutter Mexican plants. Since the Nov. 8 election, Trump has taken to Twitter to call out by name a number of manufacturers with both planned and existing operations outside of the country. Trump, who will be sworn into office on Jan. 20, warned of a “very large border tax” on companies that…

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Trump recommits to ‘major border tax’ on foreign-produced U.S. products

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

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. Under the settlement of charges it installed secret software in U.S. vehicles to allow them to emit up to 40 times legally allowable pollution, the German automaker agreed to change the way it operates in the United States and other countries. VW will separate the jobs of product development and certification …

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

Dollar on defensive as Trump disappoints bulls

By Wayne Cole SYDNEY (Reuters) – The U.S. dollar nursed widespread losses on Thursday after President-elect Donald Trump's widely-awaited news briefing provided little clarity on future fiscal policies, disappointing bulls wagering on major stimulus. It was enough to

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Dollar on defensive as Trump disappoints bulls

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