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Oil edges down; weak China trade data drags
February 15, 2016 by publisher · Leave a Comment
By Osamu Tsukimori TOKYO (Reuters) – Brent and U.S. crude futures edged lower on Monday as the dollar regained ground and as weak Chinese trade data stoked concerns about demand in the world's biggest energy consumer. Both benchmarks jumped more than $3 a barrel on Friday after the United Arab Emirates' energy minister was quoted as saying that OPEC members are ready to cooperate on curbing production. The mood inside OPEC is shifting from mistrust to a growing consensus that a decision must be reached on…
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Oil edges down; weak China trade data drags
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Tougher lending standards pose risk to outlook for Fed
February 13, 2016 by elegant · Leave a Comment
A recent tightening of credit for U.S. companies is threatening to undermine economic growth, making it less likely the Federal Reserve will raise interest rates anytime soon. Fed Chair Janet Yellen …
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Tougher lending standards pose risk to outlook for Fed
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China Lunar New Year holiday retail sales up 11.2 percent year-on-year
February 13, 2016 by elegant · Leave a Comment
BEIJING (Reuters) – China's retail sales grew 11.2 percent during the week-long Lunar New Year vacation compared with the same holiday period last year, Ministry of Commerce data showed on Saturday.
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China Lunar New Year holiday retail sales up 11.2 percent year-on-year
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China seeks food security with $43 billion bid for Syngenta
February 3, 2016 by publisher · Leave a Comment
By Ludwig Burger BASEL, Switzerland (Reuters) – China made its boldest overseas takeover move yet when state-owned ChemChina agreed a $43 billion bid for Swiss seeds and pesticides group Syngenta on Wednesday. The largest ever foreign purchase by a Chinese firm, announced by both companies, will accelerate a shake-up in global agrochemicals and marks a setback for U.S. firm Monsanto, which failed to buy Syngenta last year. …
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China seeks food security with $43 billion bid for Syngenta
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Volkswagen faces Tuesday U.S. deadline for SUV emission repair plan
February 1, 2016 by admin · Leave a Comment
WASHINGTON (Reuters) – Volkswagen AG faces a Feb. 2 deadline to submit a repair plan for 80,000 diesel SUVs and larger cars that emit excess pollution, even as it considers buying back some vehicles and a prior fix plan for smaller vehicles was rejected.
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Volkswagen faces Tuesday U.S. deadline for SUV emission repair plan
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Bacardi demands U.S. explain giving Havana Club brand to Cuba
February 1, 2016 by publisher · Leave a Comment
Bacardi on Monday sought U.S. records to explain the U.S. government's decision to strip the spirits company of its right to the Havana Club brand name and hand it back to a Cuban state company partnered with a global rival. Bacardi's Freedom of Information Act request is …
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Bacardi demands U.S. explain giving Havana Club brand to Cuba
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OPPO, Vivo snap at Apple’s heels in China mobile market
February 1, 2016 by publisher · Leave a Comment
By Miyoung Kim and Yimou Lee SINGAPORE/HONG KONG (Reuters) – Beyond China few may have heard of OPPO or Vivo, but these local handset vendors are rising up the rankings in the world's largest smartphone market, using local marketing savvy and strong retail networks in lower-tier cities. Industry experts say these cities – there are more than 600 of them and some are bigger than many European capitals – are the next smartphone battlefield as China'…
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OPPO, Vivo snap at Apple’s heels in China mobile market
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Nokia-Samsung patent verdict expected within days
January 31, 2016 by publisher · Leave a Comment
Nokia and Samsung are expected to settle their two-year patent dispute within days, with analysts forecasting a one-time payment of hundreds of millions of euros for the Finnish company. Nokia entered into a binding arbitration with South Korea's Samsung in 2013 to settle additional compensations for a five-year period starting from early 2014. The International Chamber of Commerce's arbitration court is due to make its ruling on the issue imminently.
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Nokia-Samsung patent verdict expected within days
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Berkshire resumes buying Phillips 66 stock
January 31, 2016 by creative · Leave a Comment
(Reuters) – Berkshire Hathaway Inc , the conglomerate run by Warren Buffett, has resumed its purchases of Phillips 66 stock, and spent roughly $832 million in January to boost its stake even as the oil refiner's profit margins narrowed. According to a regulatory filing on Friday night, Berkshire
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Berkshire resumes buying Phillips 66 stock
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Hedge funds betting against China eye ‘Soros moment’
January 26, 2016 by creative · Leave a Comment
By Patrick Graham LONDON (Reuters) – A handful of mainly U.S.-based macro hedge funds have led bets against China's yuan since late last year and the coming weeks should tell how right they are in predicting a devaluation…
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Hedge funds betting against China eye ‘Soros moment’