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Foxconn joint venture to build $8.8 billion LCD plant in China

A joint venture between Hon Hai Precision Industry Co , known as Foxconn, and Sharp Corp plans to build a 61 billion yuan ($8.8 billion) factory in China to produce liquid-crystal displays (LCDs). Sakai Display Products Corp's plant will be a so-called Gen-10.5 facility specializing

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Foxconn joint venture to build $8.8 billion LCD plant in China

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FTC seeks more info on Bass Pro-Cabela’s deal

(Reuters) – U.S. fishing and hunting equipment retailer Cabela's Inc , which is being bought by privately held rival Bass Pro Shops, said the Federal Trade Commission had sought more information from the companies about the deal. Cabela's shares were down 7.6 percent at $56.98

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FTC seeks more info on Bass Pro-Cabela’s deal

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Oil down, but ends year with biggest gain since 2009

U.S. benchmark West Texas Intermediate (WTI) crude futures were down 5 cents, or 0.1 percent, at $53.72 a barrel, while Brent fell 3 cents, or 0.1 percent, to $56.82. Oil prices have slumped since

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Oil down, but ends year with biggest gain since 2009

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IBM invests in UK data centers as tech sector defies Brexit worries

Global IT group IBM will triple the number of its cloud data centers in Britain, it said on Tuesday, joining Facebook and Google in investing in the UK after its vote to leave the European Union. IBM said it would build four new data centers to …

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IBM invests in UK data centers as tech sector defies Brexit worries

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Oil prices rise in anticipation of planned OPEC-led production cut

Oil prices rose to their highest level since October on Tuesday as the market priced in a potential output cut led by producer cartel OPEC, although analysts warned that a failure to agree a cut could lead to a ballooning supply overhang by early 2017. U.S. West Texas Intermediate (WTI) crude futures were up 44 cents, or 0.9 percent, at $48.68 a barrel. The Organization of the Petroleum Exporting Countries (OPEC) is trying by Nov. 30 to bring its 14 member states and non-OPEC producer Russia to agree …

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Oil prices rise in anticipation of planned OPEC-led production cut

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Energy ministers from OPEC and Russia hold informal talks in Istanbul

ISTANBUL (Reuters) – Energy ministers from Qatar, the United Arab Emirates, Algeria, Venezuela and Russia began informal closed-door talks with the secretary general of OPEC in Istanbul on Wednesday as they try to coordinate efforts to rebalance the oil market. OPEC officials are holding a flurry of meetings in coming weeks to nail down an agreement reached in Algiers last month on modest output cuts…

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Energy ministers from OPEC and Russia hold informal talks in Istanbul

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Nissan, dealers fined 6 million euros over antitrust practices in Spain

MADRID (Reuters) – Spanish competition regulator CNMC said on Monday that Nissan's unit in the Iberian Peninsula and several of its autodealers had been fined 6 million euros ($6.69 million) over antitrust practices.

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Nissan, dealers fined 6 million euros over antitrust practices in Spain

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Obama says countries must move in concert on tax avoidance

U.S. President Barack Obama said on Monday that the United States had to move in concert with other countries on the issue of tax avoidance, as some U.S. allies were “racing to the bottom” with their tax policies. The European Commission said last …

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Obama says countries must move in concert on tax avoidance

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VW reviews procurement strategy in wake of supplier dispute

Volkswagen is reviewing its supplier and procurement strategy to avoid another crippling dispute like the one that caused production slowdowns and even stoppages at six plants this month, Chief Executive Matthias Mueller said. VW suppliers Car Trim and ES Automobilguss, both part of Prevent Group, triggered the disruptions by halting deliveries of seat covers and cast iron parts for gearboxes, exposing how dependent VW has become

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VW reviews procurement strategy in wake of supplier dispute

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Oil prices rise on U.S. weather disruption, OPEC action speculation

Oil futures rose on Tuesday supported by production suspensions in the U.S. Gulf due to an expected tropical storm and speculation that producers meeting in Algeria next month will act to prop up prices. Brent crude futures were trading at $49.73 per barrel at 0924 GMT, up 47 cents from the previous close. U.S. West Texas Intermediate (WTI) crude was up 45 cents at $47.43 a barrel.

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Oil prices rise on U.S. weather disruption, OPEC action speculation

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