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U.S. banks need better defenses against rates shock, regulators warn

Years of stubbornly low interest rates and expectations they will remain low for years to come have prompted U.S. banks to shift their balance sheets in ways that put them at risk if rates suddenly spike, regulators are warning. The dynamic “raises …

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U.S. banks need better defenses against rates shock, regulators warn

Russia’s Rosneft stake valued at over $11 billion for privatization: source

LONDON/MOSCOW (Reuters) – Russia could fetch over $11 billion in privatizing oil firm Rosneft but needs to guarantee stable tax regime ahead and during the sale, an industry source said citing documents submitted to the Russian government. The documents were submitted this week by Rosneftegas, which owns control in …

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Russia’s Rosneft stake valued at over $11 billion for privatization: source

Oil heads for biggest weekly loss in eight months despite gains

Russian President Vladimir Putin told Bloomberg an agreement between oil exporters to freeze output would be the right decision to support the market. “Prices are up on a weaker dollar in the aftermath of the U.S. ISM numbers yesterday and Putin's latest attempt to stabilize

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Oil heads for biggest weekly loss in eight months despite gains

Divided Irish cabinet to meet on whether to fight EU on Apple tax

Ireland's fragile coalition government will try on Friday to overcome cabinet divisions on whether to join Apple in appealing against a multi-billion-euro back tax demand that the European Commission has slapped on the iPhone maker. Finance Minister Michael Noonan has insisted Dublin would fight any adverse ruling ever since the European Union began investigating the U.S. tech giant's Irish tax affairs in 2014.

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Divided Irish cabinet to meet on whether to fight EU on Apple tax

Solid U.S. employment gains expected in August; jobless rate seen falling

U.S. employment growth likely moderated in August after two straight months of hefty gains, but was probably still strong enough to push the Federal Reserve to raise interest rates later this year. The unemployment rate is forecast falling one-tenth of a percentage point to 4.8 percent. The Labor Department will release its closely watched employment report on Friday and readings in line with expectations would reinforce views that the economy has regained speed after almost stalling in the first half of the year

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Solid U.S. employment gains expected in August; jobless rate seen falling

After Apple, EU may focus on companies closer to home

Multinational companies can expect the European Commission to press on with a crack down on sweetheart tax deals after handing Apple a breathtaking demand for 13 billion euros, officials and experts said on Wednesday. The order to the iPhone maker to pay back taxes to Ireland on the grounds that Dublin illegally favored Apple with a tax regime that amounted to a competition-distorting

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After Apple, EU may focus on companies closer to home

Japanese airline ANA to replace 100 Rolls engines on 787s

By Alwyn Scott SEATTLE (Reuters) – ANA Holdings Inc , Japan's largest airline, said on Wednesday it will replace all 100 Rolls-Royce engines on its fleet of Boeing 787 Dreamliners following three engine failures this year caused by corrosion and cracking of turbine blades. In response to questions from Reuters, ANA, the world's largest 787 operator, said all 50 of its 787s will receive engines fitted with new blades, a process that could take up to three years. ANA has only three engines that…

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Japanese airline ANA to replace 100 Rolls engines on 787s

Alere lawsuit accuses Abbott of ‘buyer’s remorse’ in proposed merger

Alere claims in its complaint that Abbott has avoided responding to a second request by the Federal Trade Commission in a bout of “buyer's remorse” spurred by a desire to free up capital for Abbott's …

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Alere lawsuit accuses Abbott of ‘buyer’s remorse’ in proposed merger

U.S. private payrolls rise solidly; pending home sales jump

U.S. private employers maintained a steady pace of hiring in August and contracts to buy previously owned homes surged in July, suggesting the economy was regaining sufficient momentum for the Federal Reserve to raise interest rates this year. Other data on Wednesday …

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U.S. private payrolls rise solidly; pending home sales jump

Irish cabinet delays decision on Apple tax appeal

By Padraic Halpin and Conor Humphries DUBLIN (Reuters) – Ireland's cabinet could not agree on Wednesday whether to fight a European Commission ruling against Dublin's tax dealings with Apple , raising questions over any appeal and the government's stability. Finance Minister Michael Noonan has …

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Irish cabinet delays decision on Apple tax appeal

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