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Fed’s Fischer watching how quickly Brexit unfolds: CNBC

The U.S. economy has shown signs of improvement in recent weeks but the Federal Reserve expects it will take some time before it can assess the impact of Britain's vote to leave the European Union, Fed Vice Chair Stanley Fischer said on Friday. A June 3 report showing a sharp slowdown in hiring during May and the risks around…

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Fed’s Fischer watching how quickly Brexit unfolds: CNBC

London bankers face Brexit choice: lobby or leave

By Sinead Cruise and Lawrence White LONDON (Reuters) – A week after Britons voted themselves out of the European Union, many London-based bankers and their employers face two options if they are to secure their futures: lobby or leave. Some investment banks, anxious not to stir speculation of an exodus from the historic City of London and its modern counterpart at Canary Wharf, have given out “business as usual” messages since last week's shock referendum result. The alternative for banks and …

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London bankers face Brexit choice: lobby or leave

Berkshire seeks to boost its Wells Fargo stake above 10 percent

Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to increase its ownership stake in Wells Fargo & Co , after reaching the 10 percent level that could prompt increased regulatory scrutiny. According to papers obtained by Reuters on Friday, Berkshire said it learned in mid-March that its Wells

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Berkshire seeks to boost its Wells Fargo stake above 10 percent

Apple fires back at Spotify over music streaming claims

SAN FRANCISCO/STOCKHOLM (Reuters) – Apple Inc fought back on Friday against Spotify's claims that the U.S. tech giant had hampered competition in music streaming by rejecting an update to the Swedish service's iPhone app. The two companies have gone head to head in the battle…

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Apple fires back at Spotify over music streaming claims

Tesla crash raises concerns about autonomous vehicle regulation

The fatal crash of a Tesla Motors Inc Model S in Autopilot mode has turned up pressure on auto industry executives and regulators to ensure that automated driving technology is deployed safely. Shares of Tesla and Mobileye NV, the maker of the camera vision system used in the Model S, rose on Friday as analysts said the accident was likely a short-term setback. On Friday, the U.S. National Highway …

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Tesla crash raises concerns about autonomous vehicle regulation

Visa, MasterCard $7.25 billion settlement with retailers is thrown out

By Jonathan Stempel NEW YORK (Reuters) – A federal appeals court on Thursday threw out a $7.25 billion antitrust settlement reached by Visa Inc and MasterCard Inc with millions of retailers that accused the card networks of improperly fixing credit and debit card

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Visa, MasterCard $7.25 billion settlement with retailers is thrown out

European factories bounce as Asia struggles, but Brexit poses threats

LONDON/SYDNEY (Reuters) – Factories across Europe enjoyed a buoyant month in June but that growth could be under threat after Britons voted to leave the European Union last week, surveys conducted almost entirely before the historic referendum showed. Highlighting another worrying trend for the global economy, China's vast factory sector flatlined as exports shrank and jobs were cut, in a slowdown across …

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European factories bounce as Asia struggles, but Brexit poses threats

U.S. shale oil’s Achilles heel shows signs of mending

Since the beginning of the U.S. fracking revolution, oil producers have struggled with a vexing problem: after an initial burst, crude output from new shale wells falls much faster than from conventional wells. It also helps explain shale drillers'

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U.S. shale oil’s Achilles heel shows signs of mending

Oracle ordered to pay HP $3 billion in Itanium case

A California jury ordered Oracle Corp to pay Hewlett-Packard Enterprise Co $3 billion in damages in a case over HP's Itanium servers, an Oracle spokeswoman said on Thursday. The Itaniuum processor is made by Intel Inc . In the first phase of trial in 2012, Santa Clara Superior Court Judge James Kleinberg ruled that there had been a contract.

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Oracle ordered to pay HP $3 billion in Itanium case

Bond yields sink as central banks head for easier policy

The prospect of further cuts in interest rates and bond-buying to support a fractured global economy kept stock markets on the up in Europe and Asia on Friday, and drove U.S. and European government bond yields to their lowest in years. Signs that the world's big central banks will go even easier on monetary conditions, extending …

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Bond yields sink as central banks head for easier policy

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