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Oil dips on Canada output prospects, record U.S. stocks

By Simon Falush LONDON (Reuters) – Crude prices fell on Wednesday as oil sands production in Canada restarted after forced closures due to wildfires, and as already record-high inventories especially in the United States grew. U.S. West Texas Intermediate (WTI) futures were down 44 cents at $44.22 a barrel. A battle between Middle East producers for market share in Asia also weighed on prices, countering production declines and disruptions around the world.

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Oil dips on Canada output prospects, record U.S. stocks

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Mitsubishi Motors may skip earnings forecast due to data scandal: source

Mitsubishi Motors Corp is unlikely to issue an earnings forecast for the current financial year when it announces annual results this week, due to uncertainty about the financial impact of its misleading fuel economy data, a person close to the company told Reuters on Sunday. The Japanese automaker is under investigation by the transport ministry after saying last week that it overstated the fuel economy of four of its minivehicle…

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Mitsubishi Motors may skip earnings forecast due to data scandal: source

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Fed seen holding rates this week with hike still on horizon

By Jonathan Spicer and Ann Saphir NEW YORK/SAN FRANCISCO (Reuters) – U.S. Federal Reserve policymakers are expected to hold interest rates steady when they meet this week, but may tweak their description of the economic outlook to reflect more benign conditions, leaving the path open for future rate rises. The Fed raised its policy interest rate last December for the first time in a decade when market volatility finally subsided in the wake of a scare over China's economy. Similarly early …

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Fed seen holding rates this week with hike still on horizon

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Japan’s pitch for FX action meets cool G20, U.S. response

By Leika Kihara WASHINGTON (Reuters) – Japan's efforts to seek informal consent to act against an unwelcome yen rise bore little fruit, with the United States offering a cool response to concerns voiced by Tokyo that the currency's gains are too sharp and may justify intervention. A lack of G20 sympathy for Tokyo's appeal may embolden yen bulls to test the currency's 17-month highs against the dollar hit earlier this month, keeping Japanese policymakers …

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Japan’s pitch for FX action meets cool G20, U.S. response

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Despite pay revolt, BP shareholders sticking with Dudley

By Karolin Schaps LONDON (Reuters) – The future of Bob Dudley at the head of BP seems untarnished by shareholders' unusual rejection of his pay package as 99.6 percent of them also backed his re-appointment and trust him to lead the company through a…

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Despite pay revolt, BP shareholders sticking with Dudley

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Fiat Chrysler CEO sees only Toyota, VW, Ford as merger candidates

By Agnieszka Flak AMSTERDAM (Reuters) – Toyota , Volkswagen and Ford are the only remaining potential merger candidates for Fiat Chrysler , since its attempt to join up with GM was rebuffed, Chief Executive Sergio Marchionne said on Friday. Marchionne has long called for mergers of big players in …

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Fiat Chrysler CEO sees only Toyota, VW, Ford as merger candidates

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GM recalls 1.04 million pickup trucks worldwide to repair seat belts

General Motors Co said Friday it is recalling nearly 1.04 million newer pickup trucks for a seat belt flaw. GM said the recall in the United States includes 895,232 vehicles and a stop-sale of approximately 3,000 new 2014 and 2015 model year pickups still on dealer lots. GM said the recall was prompted by warranty data that showed the flexible steel cable that connects the seat belt to

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GM recalls 1.04 million pickup trucks worldwide to repair seat belts

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China factories scent hint of spring, Europe still chilly

By Jonathan Cable and Wayne Cole LONDON/SYDNEY (Reuters) – Activity in China's vast factory sector grew for the first time in nine months during March to bring a hint of spring to the global economy, although growth remained weak in …

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China factories scent hint of spring, Europe still chilly

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U.S. jury finds GM ignition switch defective but did not cause crash

A U.S. jury found on Wednesday that a defective ignition switch was not to blame for a 2014 accident in a General Motors car, the first trial to reach a verdict since the company recalled millions of vehicles with the part. The eight jurors, who deliberated less than a day following a two-week trial in Manhattan, found that the ignition switch …

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U.S. jury finds GM ignition switch defective but did not cause crash

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Appaloosa calls for removal of SunEdison’s TerraForm execs

Billionaire David Tepper's Appaloosa Management is seeking to overhaul TerraForm Power Inc's Conflicts Committee, claiming the company's controlling shareholder SunEdison Inc has breached its fiduciary duties. Appaloosa is calling for removal of Peter Blackmore, Jack Jenkins-Stark and Christopher Compton from

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Appaloosa calls for removal of SunEdison’s TerraForm execs

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