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Cigna says Anthem deal could close in 2017; Anthem sticks to 2016

Health insurer Cigna Corp , which announced plans to be bought by larger Anthem Inc 10 months ago, on Friday said the deal may close in 2017 rather than 2016 due to the complexity of the regulatory process, according to a filing with the Securities and Exchange Commission. The U.S. Department of Justice is currently reviewing the Cigna-Anthem deal, which would create the …

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Cigna says Anthem deal could close in 2017; Anthem sticks to 2016

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Bitcoin has a governance problem, no matter who created it

The latest bickering erupted after Australian entrepreneur Craig Wright promised to prove he was the mysterious creator of bitcoin – which allows users to move money across the world quickly and anonymously – but then said on Thursday he could not provide further evidence to back this up. Wright stopped short of reneging on his claim to be Satoshi Nakamoto, assumed to be a pseudonym for the person or people who launched the digital cryptocurrency in 2009. Many …

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Bitcoin has a governance problem, no matter who created it

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Bill Gross sees one or two Fed rate hikes in 2016: Barron’s

(Reuters) – Bond manager Bill Gross predicts that the U.S. Federal Reserve will raise interest rates once or twice in 2016, according to an interview in Barron's.

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Bill Gross sees one or two Fed rate hikes in 2016: Barron’s

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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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Exclusive: Bank of Italy conducting supervisory inspection at Bank of China offices

By Lisa Jucca HONG KONG (Reuters) – The Bank of Italy is carrying out an on-site inspection at the Italian offices of Bank of China Ltd , a Chinese state-owned bank already facing accusations of aiding illicit money flows from Italy to China, a source familiar with the situation said. Italian prosecutors are seeking to bring 297 people, mostly Chinese, as well as the Milan branch of Bank of China to trial on charges of allegedly smuggling more than 4.5 billion euros ($5.12 …

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Exclusive: Bank of Italy conducting supervisory inspection at Bank of China offices

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IMF supports move to negative rates by some central banks

The International Monetary Fund said on Sunday that a move to negative rates by some of the world's central banks would help deliver extra monetary stimulus and ease lending conditions. Six of the world's central banks have introduced negative rates, most notably the Bank of Japan and the European Central Bank, and around a quarter of the world economy by output is now experiencing official rates that are less than zero.

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IMF supports move to negative rates by some central banks

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Tata Steel to launch UK sale process by Monday: UK minister

India's Tata Steel will launch the formal sale process for its British assets by Monday and give a “reasonable” timeframe to find a buyer, Britain's business minister said after meeting the company's chairman in Mumbai. Prime Minister David Cameron's government has sought to broker a deal with potential buyers after Tata Steel put its British operations up for sale last week, threatening thousands of jobs. Tata had said it wanted…

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Tata Steel to launch UK sale process by Monday: UK minister

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Fiat Chrysler cuts 1,300 workers in Michigan, scraps shift

By Bernie Woodall DETROIT (Reuters) – Fiat Chrysler Automobiles said on Wednesday it is laying off about 1,300 workers indefinitely and ending one of the two shifts at its Sterling Heights, Michigan plant that makes the slow-selling midsize Chrysler 200 sedan. U.S. sales of the Chrysler 200 were down 63 percent in the first three months of this year from a year earlier, as FCA has de-emphasized sales of the model which had been often sold to rental agencies. The company did not say how long it would continue to make …

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Fiat Chrysler cuts 1,300 workers in Michigan, scraps shift

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Fiat Chrysler cuts 1,300 workers in Michigan, scraps shift

Fiat Chrysler Automobiles said on Wednesday it is laying off about 1,300 workers indefinitely and ending one of the two shifts at its Sterling Heights, Michigan plant that makes the slow-selling midsize Chrysler 200 sedan. U.S. sales of the Chrysler 200 were down 63 percent in the first three months of this year from a year earlier, as FCA has de-emphasized sales of the model which had been often sold to rental agencies. The company did not

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Fiat Chrysler cuts 1,300 workers in Michigan, scraps shift

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China’s Anbang abandons $14 billion bid to buy Starwood Hotels

China's Anbang Insurance Group Co said on Thursday it has abandoned its $14 billion bid for Starwood Hotels & Resorts Worldwide Inc , paving the way for Marriott International Inc to buy the Sheraton and Westin hotels operator. The surprise withdrawal marks an anticlimactic end to a bidding war that had pitted Marriott's ambitions to create the world's largest lodging company, with about 5,700 hotels, against Anbang's drive to create a vast portfolio of U.S. real estate assets. It also represents a blow…

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China’s Anbang abandons $14 billion bid to buy Starwood Hotels

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