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Brexit dents global economic outlook, fiscal stimulus ahead: Reuters poll

Confidence in prospects for the global economy has been dented following Britain's vote to leave the European Union, with a growing view that monetary policy is a fading force and many governments now need to borrow and spend, Reuters polls showed. The United States is entering…

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Brexit dents global economic outlook, fiscal stimulus ahead: Reuters poll

U.S. lawsuits link Malaysian leader to stolen money from 1MDB fund

By Rozanna Latiff and Joseph Sipalan KUALA LUMPUR (Reuters) – Malaysian Prime Minister Najib Razak said on Thursday judgment should be withheld until all the facts are known after the U.S. government filed lawsuits seeking to seize $1 billion in assets bought with money stolen from a state fund he oversaw. The U.S. Justice Department lawsuits filed in a federal court on Wednesday did not name Najib, instead referring to “Malaysian Official 1.”…

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U.S. lawsuits link Malaysian leader to stolen money from 1MDB fund

Musk’s Tesla ‘master plan’ big on vision, short on details

“The plan is like before – or like much of what Tesla does – long on exciting visions of the future and short on financial details,” Barclays Capital analyst Brian Johnson said in a note to clients. In a blog post titled “Master Plan, Part Deux”, Musk also restated his argument that Tesla should acquire solar panel installer SolarCity Corp .

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Musk’s Tesla ‘master plan’ big on vision, short on details

SABMiller to scrutinize AB InBev mega-deal after regulator approval: chairman

By Freya Berry LONDON (Reuters) – The chairman of SABMiller said the brewer would consider the attractiveness of a $107 billion offer by Anheuser Busch InBev after the merger had undergone the regulatory process. The takeover of the London-listed brewer has come under scrutiny in recent weeks as a drop in the British currency has reduced the relative attractiveness of the all-cash offer aimed at most SAB shareholders. A source familiar with the matter told Reuters on Wednesday that the company's board was weighing the…

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SABMiller to scrutinize AB InBev mega-deal after regulator approval: chairman

GM recalling nearly 290,000 U.S. cars for air bag defect

WASHINGTON (Reuters) – General Motors Co said Thursday it is recalling nearly 290,000 older Chevrolet Impala cars in the United States because the air bag may not deploy in the event of the crash. The largest U.S. automaker said the front passenger seat frame in the 2009 and 2010 model Impala cars may rub against and damage electrical wires, which could cause the airbag fuse to short. Dealers will add anti-

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GM recalling nearly 290,000 U.S. cars for air bag defect

Crude oil futures rise after U.S. stockpiles fall

TOKYO (Reuters) – Oil futures rose in early Asian trading on Wednesday after an industry group released weekly figures showing U.S. stockpiles fell more than expected last week.

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Crude oil futures rise after U.S. stockpiles fall

Cloud business boosts Microsoft’s quarterly revenue, shares rise

“Only two companies are setting the tone of enterprise computing, Microsoft Azure and Amazon AWS,” said Trip Chowdhry, managing director of Global Equities Research, referring to Amazon.com Inc's web services unit. Microsoft's revenue in what it calls its “intelligent cloud” businesses, which includes the Azure cloud platform and server software, rose 7 percent to $6.7 billion. Revenue for Azure – which customers can use to host their website, apps or data –

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Cloud business boosts Microsoft’s quarterly revenue, shares rise

Three U.S. states sue Volkswagen, say executives covered up diesel cheating

By David Shepardson WASHINGTON (Reuters) – Senior executives at Volkswagen AG including its former chief executive covered up evidence that the German automaker had cheated on U.S. diesel emissions tests for years, three U.S. states charged on Tuesday in civil lawsuits against the company. New…

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Three U.S. states sue Volkswagen, say executives covered up diesel cheating

Fox News, Ailes in negotiations over his exit: source

Roger Ailes, who built Fox News into a profitable ratings powerhouse, and Twenty-First Century Fox Inc are in negotiations over his departure from the cable news channel following allegations of sexual harassment, a person briefed on the discussions said Tuesday. A Fox statement said a legal review into the accusations was ongoing and that Ailes was working. Ailes' attorney, Susan Estrich, told CNN that there was no deal yet and any announcement on an agreement would be made by Twenty-First Century

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Fox News, Ailes in negotiations over his exit: source

Asia slips after Wall Street loses steam, dollar clings to gains

Global risk appetite, which has recovered rapidly from the Brexit shock late in June, received a sobering reminder after the International Monetary Fund (IMF) cut its global growth forecasts for the next two years on Tuesday, citing uncertainty over Britain's looming exit from the European Union. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1 percent, putting some distance between …

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Asia slips after Wall Street loses steam, dollar clings to gains

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