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Anbang in talks with Kushner for New York building overhaul: source

China's Anbang Insurance Group is in talks to invest in a project to redevelop a flagship New York City building owned by Kushner Companies, the family real estate business run by U.S. President-elect Donald Trump's son-in-law Jared Kushner, according to …

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Anbang in talks with Kushner for New York building overhaul: source

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Mitsubishi Motors brings in new R&D chief, restates results after scandal

Mitsubishi Motors Corp said a Nissan Motor Co executive would become its head of research and development, part of a management overhaul in the wake of a mileage cheating scandal that also prompted it to restate earnings. Nissan is preparing to take a controlling one-third stake in Mitsubishi, which is reeling from its third scandal in two decades. Mitsubishi has seen over $3 billion wiped off its market value after admitting last month it overstated the …

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Mitsubishi Motors brings in new R&D chief, restates results after scandal

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Exclusive: U.S. queries AB InBev on distribution incentives amid merger probe

By Diane Bartz WASHINGTON (Reuters) – U.S. antitrust officials are investigating Anheuser-Busch InBev over its new incentives that encourage independent distributors to sell more of its own beer brands at the expense of competing craft brews, two people with knowledge of the matter said. Budweiser owner AB InBev has 45.8 percent of the U.S. beer market but has seen sales dwindle at least partially because of rising craft beer sales. The U.S. Department of …

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Exclusive: U.S. queries AB InBev on distribution incentives amid merger probe

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Exclusive: U.S. queries AB InBev on distribution incentives amid merger probe

By Diane Bartz WASHINGTON (Reuters) – U.S. antitrust officials are investigating Anheuser-Busch InBev over its new incentives that encourage independent distributors to sell more of its own beer brands at the expense of competing craft brews, two people with knowledge of the matter said. Budweiser owner AB InBev has 45.8 percent of the U.S. beer market but has seen sales…

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Exclusive: U.S. queries AB InBev on distribution incentives amid merger probe

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How the oil collapse stole Russia’s Christmas

LONDON/MOSCOW (Reuters) – A plunge in the oil price to 12-year lows during Russia's New Year and Orthodox Christmas break means the country returns to work on Monday with its economic recovery and once-mighty savings war chest on the line. Crude's collapse from $100 a barrel since mid-2014 has already pummeled Russia, which relies

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How the oil collapse stole Russia’s Christmas

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U.S. crude oil prices dip after unexpected rise in stockpiles

Crude prices dipped in early Asian trading hours on Wednesday as U.S. stockpiles rose against expectations, compounding a glut that is seeing hundreds of thousands barrels of oil being produced every day in excess of demand. The increase …

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U.S. crude oil prices dip after unexpected rise in stockpiles

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Oil prices edge away from two-month low, but market outlook stays weak

By Henning Gloystein SINGAPORE (Reuters) – Crude oil prices edged away from over two-month lows in early Thursday trading, after a sharp slide on concerns the market would take much longer than many anticipated to rebalance as supplies far outstrip demand. Internationally traded Brent crude futures were at $46.18 a barrel, up 37 cents following a 3.4-percent fall the previous day. “Rising U.S. inventories continue to remain a major theme driving crude oil prices … Iraq is also increasing pressure on U.S. shale producers.

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Oil prices edge away from two-month low, but market outlook stays weak