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China’s growth sucks in more debt bucks for less bang

As China's economy notches up another quarter of steady growth, the pace of credit creation grows ever more frantic for every extra unit of production, as inefficient state firms swallow an increasing share of lending. “The amount of debt that China has taken in the…

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China’s growth sucks in more debt bucks for less bang

Exclusive: Tesla, SolarCity close to merger agreement

The two companies, which count billionaire Elon Musk as a major shareholder, are in the final stages of carrying out due diligence on each other, and could agree on the terms of a deal in the coming days, though it is still possible that their negotiations end unsuccessfully, the people said on Saturday. It could not be learned whether SolarCity would be successful in including a…

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Exclusive: Tesla, SolarCity close to merger agreement

Corporate raiders seek Brexit bargains in Britain

By Pamela Barbaglia and Freya Berry LONDON (Reuters) – Overseas buyers lured by a plunge in the pound are looking to snare British companies on the cheap, ensuring a steady flow of deals since Britain…

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Corporate raiders seek Brexit bargains in Britain

G20 will use ‘all policy tools’ to lift growth as Brexit weighs

By William Schomberg and Elias Glenn CHENGDU, China (Reuters) – The world's biggest economies will work to support global growth and better share the benefits of trade, policymakers said on Sunday after a meeting dominated by the impact of Britain's exit from Europe and fears of rising protectionism. Philip Hammond, Britain's new finance minister, said the uncertainty about Brexit would begin to abate once Britain laid out a

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G20 will use ‘all policy tools’ to lift growth as Brexit weighs

Apple weathers anti-U.S. demo in China, where patriotic protests snowball

Apple Inc found itself on the receiving end of a small, short-lived anti-U.S. protest this week in China, the tech firm's biggest overseas market and a country where foreign firms have suffered damaging boycotts following international spats. A handful of unofficial Apple stores were picketed and social …

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Apple weathers anti-U.S. demo in China, where patriotic protests snowball

Goldman Sachs to invest $184 million in Brazil storage company: executive

Goldman Sachs Group Inc will invest 600 million reais ($184 million) in Brazilian storage company Metrofit over the next 6 years, betting on a recovery from the harshest recession since the 1930s, a company executive said on Friday. Metrofit, founded in 2012, is a joint venture between Brazilian real estate company TRX and U.S. company Metro Self Storage. The self storage business is growing in Brazil, despite the recession.

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Goldman Sachs to invest $184 million in Brazil storage company: executive

Unsecured creditors seek quick end to Sports Authority bankruptcy

Unsecured creditors of the bankrupt retailer Sports Authority are seeking to convert the case to a quick liquidation, saying in a Friday court filing the company should not waste its dwindling funds preparing a plan to end its Chapter 11. The Englewood, Colorado-based chain entered Chapter 11 bankruptcy with 464 stores in March and hoped to sell some locations as an ongoing business. The largest U.S. sporting goods retailer, Dick's Sporting Goods Inc , acquired the Sports Authority name and other intellectual property at a June auction.

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Unsecured creditors seek quick end to Sports Authority bankruptcy

Hershey Trust reaches in-principle reform agreement

It could also offer the clarity needed for Mondelez International Inc to make a new approach to acquire Hershey. The $12 billion trust, set up by company founder Milton Hershey over a century ago to fund and run a school for underprivileged children, must approve any sale of the company. It rejected a $23 billion cash-and-stock offer for Hershey by Mondelez, the maker of Oreo and Cadbury chocolate, last month.

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Hershey Trust reaches in-principle reform agreement

Fiat Chrysler recalling 410,000 vehicles

Fiat Chrysler Automobiles NV said on Friday it is recalling nearly 410,000 vehicles worldwide because of a defect that can lead to a loss of propulsion. The automaker said it will update software and replace wire harnesses to address the electronic issue that appears in a small number of vehicles. The recall includes 2015 model Chrysler 200 midsize sedans, Ram

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Fiat Chrysler recalling 410,000 vehicles

Verizon emerges as front-runner in Yahoo auction: sources

Yahoo Inc is focusing on U.S. telecommunications company Verizon Communications Inc as the buyer of its core business after reviewing final bids that it received this week, people familiar with the matter said on Friday. A deal would boost Verizon's AOL internet business, which the company acquired last year for $4.4 billion, by giving it access to Yahoo's advertising technology tools, as well other assets such as search, mail, messenger and real estate. The sale would…

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Verizon emerges as front-runner in Yahoo auction: sources

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