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U.S. mortgage rates rise to highest levels in over two years: MBA

NEW YORK (Reuters) – Interest rates on U.S. fixed-rate mortgages rose to their highest levels in more than two years, sending weekly home loan application activity to its weakest since early January, Mortgage Bankers Association data released on Wednesday showed.

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U.S. mortgage rates rise to highest levels in over two years: MBA

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Trump defends Boeing tweet, says companies shouldn’t worry

WASHINGTON (Reuters) – U.S. President-elect Donald Trump on Wednesday defended his direct interventions with companies, including making statements on Twitter, saying businesses will benefit from his actions and his upcoming term in office.

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Trump defends Boeing tweet, says companies shouldn’t worry

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Exclusive: In mammoth task, BP sends almost three million barrels of U.S. oil to Asia

Oil major BP is shipping almost three million barrels of U.S. crude to customers across Asia, pioneering a lengthy and complex operation likely to become more popular after OPEC last week announced deep production cuts. BP's efforts, involving one of the world's longest sea routes, seven tankers and a series of ship-to-ship transfers, underscore a desire among oil traders to develop new routes to sell swelling supplies of cheap…

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Exclusive: In mammoth task, BP sends almost three million barrels of U.S. oil to Asia

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As Trump disses TPP, China says to ‘play role’ in Asia-Pacific integration

China will “play its role” in promoting economic integration in the Asia-Pacific, the foreign ministry said on Wednesday, after U.S. President-elect Donald Trump said he would kill an ambitious regional trade pact. Trump's statement appeared to open the way for China to assume the United States' leadership mantle on trade and diplomacy in Asia.

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As Trump disses TPP, China says to ‘play role’ in Asia-Pacific integration

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Asian export nations wary dollar boost gives Trump pretext to beat them

TOKYO/SEOUL (Reuters) – Asian currency policymakers are worried that the strengthening of the dollar on expectations of U.S. President-elect Donald Trump's fiscal policies could be used by his administration as a stick to beat them with on trade protectionist grounds. China, Japan, South Korea and Taiwan are already on the U.S. Treasury&#…

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Asian export nations wary dollar boost gives Trump pretext to beat them

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UPS, Fast Radius to open 3D printing factory in Singapore

Package delivery company United Parcel Service Inc said on Monday it will expand its 3D printing services to Asia with a new facility in Singapore run by its partner Fast Radius that will open by the end of 2016. The company owns an undisclosed stake in Fast Radius, which has a 3D printing factory at the Atlanta-based package delivery company's hub in Louisville. In the United States, UPS customers can have parts printed at the Fast Radius factory or at one …

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UPS, Fast Radius to open 3D printing factory in Singapore

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Tech start-ups snap at the heels of Asian private bankers

Scanning a bank statement into a computer may not sound particularly high-tech, but it's unsettling some of Asia's private bankers. By aggregating all the monthly statements mailed

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Tech start-ups snap at the heels of Asian private bankers

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China says AIIB up and running early in the new year

The China-backed Asian Infrastructure Investment Bank (AIIB) has been formally established and is expected to be operational early next year, the official Xinhua news agency said on Friday. The bank's establishment came after 17 funding members of the AIIB, which account for just over 50 percent of its share capital, ratified an agreement on the bank, state television quoted Finance Minister Lou Jiwei as saying. First proposed by President Xi Jinping less than two years ago, the bank has become one of China's biggest foreign policy successes.

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China says AIIB up and running early in the new year