Thursday, June 30, 2016

Meridian Equity's Jonathan Corpina: relief rally is real

Jonathan Corpina, Senior Managing Partner at Meridian Equity Partners talks with Bobbi Rebell about the rebound in stocks,and what to watch going forward.

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Securing U.S. airports

The U.S. spent a lot of time on strengthening airline safety. Now, they're considering how to secure airports against an attack. Conway Gittens reports.

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Lionsgate buys Starz for $4.4 billion

Film studio Lionsgate said it would buy television network Starz for $4.4 billion in cash and stock. Bobbi Rebell reports.

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Credit Suisse ups stake in Chinese venture

Credit Suisse is said to be planning to boost its stake in its Chinese securities joint venture to the maximum permissible 49 percent. As Hayley Platt reports, the move would make it the first foreign bank to take advantage of relaxed Chinese investment rules.

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Breakingviews: Lions at the Gate

Jennifer Saba and Richard Beales unpick the Lions Gate movie studio's $4.4 billion deal to buy pay-TV outfit Starz, finding the fingerprints of media mogul John Malone all over it.

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Why such a yen - for the Japanese yen?

Japan's economy is hardly in ship shape, so why do people keep flocking to the yen when markets take a dive like they did after Brexit? Graham Mackay reports.

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Global M&A drops in second quarter

Concerns over regulatory and tax risks pushed companies to abandon merger and acquisition deals. Fred Katayama reports.

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Asian markets: Brexit not the only worry

Mixed messages from Asia - and a reminder of less recent risks - as a survey shows China's economy rebounding in the second quarter, but Japan factory orders at a three-year low. David Pollard reports.

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Brexit: euro zone jitters deepen

German retail sales bounce back after two months of falls, but IMF officials say they're likely to mark German growth down, as Brexit uncertainty begins to bite on the euro zone. David Pollard reports.

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Securing U.S. airports after Istanbul bombing

The U.S. faces a dilemma in the wake of recent airport attacks in Turkey and Brussels, after spending so much time focusing on airline safety, how do they now secure airports against an attack?

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Wednesday, June 29, 2016

Monsanto in talks with Bayer for "alternative strategic options"

Monsanto is talking to Bayer AG and others about "alternative strategic options," a month after the U.S. seed producer rejected the German company's $62 billion takeover offer. Bobbi Rebell reports.

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Most banks pass stress tests

After the closing bell the Fed reported that most of the biggest U.S. banks passed the so-called stress tests. Earlier stocks posted a second winning session. Bobbi Rebell reports.

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How Facebook ranks News Feed content

The social network offered a glimpse into how it ranks and shows content on its News Feed. Havovi Cooper reports.

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Turkish tourism hit again by new attack

Turkey's beleaguered tourism industry is bracing after three suspected Islamic State suicide bombers opened fire and blew themselves up in Istanbul's main airport, killing 41 people. Laura Frykberg reports.

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Breakingviews: Yeezy, Adidas suit up for Nike battle

Jennifer Saba explains why the German sportswear firm is enlisting Kanye West to help snatch away market share from the sneaker king.

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Brexit blues for top UK CEOs

Several of Britain's big CEOs have taken to the media to warn the country is heading for an economic disaster. As David Pollard reports, Virgin Group boss Richard Branson says Chinese investors have already pulled investments in the wake of Britain's vote to exit the EU.

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Stocks gain as Brexit nerves settle

European and Asian stock markets built on a recovery from the shattering aftermath of last week's Brexit vote. As Laura Frikberg reports, investors wagered central banks would ultimately ride to the rescue with more stimulus.

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Brexit: euro zone assesses the cost

German consumer morale reached its highest level in nearly a year heading into July. But, as David Pollard, reports the ECB sees overall euro zone growth falling thanks to the impact of the UK's Brexit vote.

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Toyota recalls millions of vehicles worldwide

Toyota has recalled 3.37 million cars worldwide over possible defects involving airbags and emissions control units. Graham Mackay reports

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Line's IPO price values it at $6.6 billion

Japanese messenger app Line defies volatile markets with an IPO price range showing strong demand from investors at a time when many companies are scrapping plans to go public. Graham Mackay reports, the company is pitching plans for Asia, but may also be eyeing up a market in the U.S.

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Brexit: Merkel warns no way back

Hundreds turn out in London to protest Britain's decison to leave the European Union but Germany's Chancellor says she sees no way back. Paul Chapman reports.

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Drought hit coffee growers worry about rain

Colombia's coffee growers say they fear La Nina will deal their struggling sector another blow. As Sonia Legg reports the forecasted rains coming after the El Nino drought aren't helping it keep up with Brazil and Vietnam.

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Tuesday, June 28, 2016

IS behind airport blast: Turkey PM

Turkey's prime minister says security forces believe Islamic State militants are to blame for the deadly attack on Istanbul's airport. Paul Chapman reports.

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Cameron: "I'm sad" - but country must move forward

British Prime Minister David Cameron says he is sorry about the result of his country's referendum after it voted to leave the European Union. Rough Cut (no reporter narration).

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Lynch: Important to look at individuals in VW scandal

U.S. Attorney General Loretta Lynch says it is important for the Justice Department to look at individuals in the ongoing criminal investigation into the Volkswagen emissions scandal. Rough Cut (no reporter narration).

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Trump wants to label China "a currency manipulator"

During a speech on trade, presumptive Republican presidential nominee Donald Trump says "I'm going to instruct my Treasury Secretary to label China a currency manipulator, which should have been done years ago." Rough Cut (no reporter narration).

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Jeff Tomasulo: Uncertainty brings opportunity for investors

Vespula Capital CEO Jeff Tomasulo speaks with Bobbi Rebell about the opportunities for investors following Britain's decision to leave the European Union.

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A show of support for EU in London

A show of support for the EU in London as Londoners join a rally to show solidarity with Europe despite Britain's vote to leave the EU.Rough Cut (no reporter narration).

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German analyst: There is a price to pay for being in EU

As EU leaders hold their first summit following the UK vote to break away from the union, a German political analyst warns that there is a price to be paid for being in the EU. Deborah Lutterbeck reports.

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UK travel on the cheap

The pound's drop after Brexit has American and Chinese travelers searching for bargains to go to Britain. Fred Katayama reports.

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VW to pay over $15.3 billion in settlement

The U.S. Justice Department and Environmental Protection Agency says Volkswagen will set aside $10.033 billion to cover buybacks and fixes, part of a $15.3 billion settlement with U.S. regulators over pollution caused by its diesel vehicles. Rough Cut (no reporter narration).

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Ikea recalls 29 million chests, drawers after child deaths

The U.S. Consumer Product Safety Commission and Ikea announce the recall of 29 million chests and dressers that regulators say are "too dangerous" to have in a home with young children. Rough Cut (no reporter narration).

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Takata boss to step down

Takata Corp's chief executive says he will resign after a "new management regime" is found, finally bowing to calls for change so that the auto parts supplier can move ahead in dealing with a multi-billion dollar airbag recall. Sonia Legg reports

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Shares, sterling fight back after Brexit beating

World stocks rose for the first time in three days and sterling and the euro climbed on Tuesday. Investors have made a rush for Brexit-bashed assets hammered by some of the biggest falls since the 2008 collapse of Lehman Brothers. Laura Frykberg reports.

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Wall St. continues downward spiral

Stocks took a dive on Monday, extending losses from Friday after Britain's shocking vote to leave the European Union. Bobbi Rebell reports.

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Monday, June 27, 2016

Dow loses almost 900 points since Brexit

The Dow has lost almost 900 points since the surprise Brexit decision last week led by weakness in banks and tech stocks amid growing fears global turmoil will hurt sales and profits.

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U.S. firms play catchup after Brexit

U.S. firms are bracing for long-term disruption, job cuts, and lower profits after Great Britain decides to leave the European Union. Bobbi Rebell reports.

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BMO Wealth Mgmt U.S. Jack Ablin on markets drop

Jack Ablin, Chief Investment Officer at BMO Wealth Management U.S. talks with Bobbi Rebell about the two-day stock drop following Britain's decision to leave the European Union.

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Sunday, June 26, 2016

CEO shock over Brexit

Chief executives face tough decisions over how to respond to Britain's vote to leave the European Union. Kirsty Basset reports.

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Saturday, June 25, 2016

Brexit chill for Spain's expat Brits

British expats lured by the warmth of Spanish sunshine now feel the chill of the Brexit vote as they ponder an uncertain future. Paul Chapman reports.

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Friday, June 24, 2016

Brexit vote sparks protests

Protesters gather in London and Scotland to show support for the EU in the wake of Britain's vote to leave. Paul Chapman reports.

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London mayor's Brexit reassurance drive

The mayor of London, where a majority voted against Britain leaving the EU, says the city's Europeans they're still welcome. Paul Chapman reports.

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Brexit vote pummels U.S. stocks

Britain's vote to exit the European Union sent U.S. stocks plunging. Elly Park reports.

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Brexit sinks U.S. export, travel stocks

U.S. exporters like Boeing, travel stocks like American Airlines, and tech companies such as Apple all suffer in the fallout from a strong dollar fueled by Britain's decision to leave the European Union.

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U.S. stocks plunge on British vote

The Dow fell more than 500 points out of the gate after Britain voted to leave the European Union. Fred Katayama reports.

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Breakingviews: Brexit fallout

Britain’s vote to leave the European Union has shocked global financial markets and revealed a country divided by age, geography and class. Breakingviews columnists explore what it means.

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U.S. Speaker Ryan: Strong relations with UK will continue after Brexit

U.S. House Speaker Paul Ryan says America's close alliance with the UK will continue "no matter what." Rough Cut (no reporter narration).

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Henkel buys Sun Products

The maker of Wisk and Snuggle laundry products is being bought by the German consumer products group as Henkel challenges P&G. Fred Katayama reports.

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Brexit: the analyst view

Top European analysts give their outlook on what Britain's Brexit decision will mean for the UK, the EU, and the global economy.

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Wall Street opens sharply lower after Brexit vote

U.S. stock indexes open sharply lower after Britain votes to leave the European Union. Rough Cut (no reporter narration).

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World markets shudder after Brexit vote

World stocks head for one the biggest slumps on record as a decision by Britain to leave the European Union trigger 8 percent falls for Europe's biggest bourses and a record plunge for sterling.As David Pollard reports, the slide in stocks wiped about 650 billion euros ($726 billion) off the market value of Europe's listed shares.

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BoE to use extra £250 bln to help markets

The Bank of England is ready to provide additional funds to support financial markets after Britain voted to leave the European Union, governor Mark Carney says. (ROUGH CUT ONLY - NO REPORTER NARRATION)

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UK vote for EU exit sparks carnage

Carnage came to global markets as results of an historic referendum showed Britain had voted to leave the European Union, sending sterling on a record plunge and pummelling equities across the world. Sonia Legg reports

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Uncertainty following British vote to leave EU hammers pound sterling

Sterling records its sharpest fall in living memory against the dollar and falls very sharply against the euro as referendum result hammers British currency

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Cameron to step down

David Cameron says he will step down as prime minister before October after Britain voted to leave the European Union. Rough cut

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'Brexit' wins key EU membership referendum

Britain has voted to leave the European Union, final results announced by the country's chief counting officer showed.

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Cameron to quit after Brexit vote

David Cameron says he will step down as prime minister after Britons voted to leave the European Union. Paul Chapman reports.

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Pound hits 30-year low as UK confirms Brexit

Britain's currency plunges along with global stock markets after Britain votes to leave the European Union. As Tara Joseph reports, investors are braced for more volatility ahead even as global central banks weigh in to try and calm rattled investors.

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Britain votes to leave EU in historic divorce

Britain has voted to leave the European Union, results from Thursday's landmark referendum show, with more than 90 percent of the vote counted.

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Thursday, June 23, 2016

UK's Farage: "Remain" EU vote helped by registration extension

Nigel Farage, the head of Britain's anti-EU UK Independence Party, said he thought the country had voted to remain in the EU in a referendum, possibly because of the extension of a deadline for people to register to vote. Rough Cut (no reporter narration).

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Polls close in UK referendum, UKIP leader sees Remain victory

Polling closed in Britain's bitterly fought referendum on whether to quit the European Union on Thursday, with a prominent Leave campaigner saying he expected to lose. Deborah Lutterbeck reports.

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Wall St. bets on Britain staying in EU

U.S. stocks rallied on Thursday, led by bank shares, as Wall Street bet strongly that Britain is voting to remain part of the European Union. Bobbi Rebell reports.

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Kevin Mahn on post-Brexit stock market impact

Kevin Mahn, President of Hennion & Walsh talks with Bobbi Rebell about how global markets will react to the Brexit decision, and why he believes the best investment opportunities are overseas.

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Macy's Lundgren stepping down

Macy's Terry Lundgren will step down as CEO in the first quarter of 2017, as part of a plan to revamp Macy's business and improve sales. Bobbi Rebell reports.

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The Exchange: From black swans to gray rhinos

Unpredictable "black swans" became part of the post-crisis vernacular. Author Michele Wucker now adds to the financial menagerie in her new book by calling likely but ignored threats "gray rhinos." She stopped by to explain their significance and how to avoid being trampled.

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Macy's longtime CEO calls it quits

Macy's long-standing CEO Terry Lundgren will step down as CEO next year as the department store operator tries to revive sales hit by stiff competition from online and off-price retailers.

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Breakingviews: Bye-bye buyout tax loophole

A self-proclaimed group of "patriotic millionaires" is joining the fight to end the carried-interest tax loophole. Breakingviews editors discuss whether the senseless rule's time has come.

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France braces for more reform protests

France was bracing for more clashes between demonstrators and police as unions mounted a nationwide protest against President Hollande's controversial bill for making hiring and firing workers easier. David Pollard reports.

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Cunard launches QM2 £90 mln refurb

Cunard flagship Queen Mary 2 sets sail on its first voyage following a £90m investment. Hayley Platt reports on a cruise sector that still appears buoyant despite global headwinds.

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Anthem deal could hike health costs

Anthem's proposed purchase of Cigna could raise health costs for big companies, a study for Reuters has found. Fred Katayama reports.

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Markets buoyed as Britain votes

Sterling advanced to a 2016 high against the dollar as voting got underway in Britain's referendum on EU membership, traders bracing for the most volatile market activity in decades. Sara Hemrajani reports.

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British PM and voters decide on EU

British Prime Minister David Cameron and other voters in London vote on whether to stay in or leave the European Union. Rough cut - subtitled (no reporter narration).

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Tougher times for China wine

After years of slumping sales, China's found its palate for wine again, but drinkers are reaching for cheaper bottles in light of President XI Jinping's campaign against luxury spending. As Ryan Brooks reports, online sales and frugal customers are taking a bite out of the big importers that thrived during the boom years.

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Euro zone business slows in June

German private sector growth eases slightly in June and French business activity slows as strikes add to demand woes, according to the latest purchasing manager data. David Pollard reports.

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Wednesday, June 22, 2016

Fed's Yellen: Monitoring Brexit

Federal Reserve Chair Janet Yellen says there are no special meetings scheduled over Brexit. Rough Cut (no reporter narration).

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Musk sees $1 trillion Tesla

Elon Musk says acquisition of SolarCity could eventually push Tesla's valuation to $1 trillion, but investors are skeptical. Fred Katayama reports.

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Stocks drop ahead of Brexit vote

Stocks lost gains and closed in the red on concerns ahead of Britain's Thursday vote on whether to leave European Union. Bobbi Rebell reports.

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Barrow Funds' Bechtel on U.S. market's Brexit vote focus

David Bechtel, Principal at Barrow Funds talks with Bobbi Rebell about how the Brexit vote could impact U.S. financial markets as well as Yellen's comments today on the vote.

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Hedging bets at high street exchanges

High street exchanges in the UK say more people are dashing to swap their pounds for euros and dollars ahead of the European Union referendum. Deborah Lutterbeck reports.

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Tesla-SolarCity deal could spark shareholder fight

Tesla's proposed purchase of another company Elon Musk partially owns, SolarCity, could get "messy," says Colin Rusch of Oppenheimer who downgraded shares of the electric car maker.

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France u-turns on protest ban

French trade unions say a protest march in Paris on Thursday will go ahead after all, in an apparent volte-face by the government after an earlier decision to ban the demonstration provoked an outcry. David Pollard reports.

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McDonald's China stores get bids

Reuters has learned more than half a dozen companies have bid for McDonald's stores in China and Hong Kong. Fred Katayama reports that U.S. buyout firms are also participating.

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Breakingviews: Tesla teaser

Richard Beales and Jeffrey Goldfarb assess the skeptical investor reaction to entrepreneur Elon Musk's proposal that Tesla Motors buy struggling solar-panel installer SolarCity.

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Disney sues over China's 'Cars' lookalike

Chinese film 'The Autobots' sure looks a lot like the Disney hit 'Cars', and it's not just moviegoers who have noticed. Reuters' Anita Li says the U.S. entertainment giant is now suing the companies behind the film for copyright infringement.

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Last-minute warnings ahead of UK EU vote

As the last day of campaigning over EU membership gets underway, hundreds of executives, including directors from half the FTSE 100 companies, have signed a letter backing the UK's membership. As David Pollard reports, Jaguar Land Rover, Britain's biggest carmaker, has also reportedly estimated its annual profit could be cut by £1 bln by the end of the decade if Britain leaves.

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Energy firms use football to burnish image

There are some unfamiliar names for football fans to get to grips with at this year's European championships as China and Azerbaijan cash in, as Axel Threlfall reports.

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Tuesday, June 21, 2016

Tech shares drive stocks higher

Stocks rose on Tuesday as Fed Chair Janet Yellen played down the risk of a recession, and concerns about Britain leaving the European Union eased. Bobbi Rebell reports.

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Fed looks at Brexit, labor market

Global risks and hiring slowdown in the United States warrant a cautious approach to raising interest rates, says Fed Chair Janet Yellen. Bobbi Rebell reports.

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Belpointe's Nelson: Fed is back in the bunker

David Nelson, Chief Strategist at Belpointe Asset Management talks with Bobbi Rebell about why the markets fell back after Yellen's comments to congress and what investors should look for this summer.

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Brexit: 'it's not only Britain that will suffer'

Britain might not be the only one to suffer damage from a Brexit. As David Pollard reports, the global economy is bracing for impact, too.

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Testimony highlights: Fed's Yellen on rates, economy, Brexit vote

The upcoming Brexit vote, the federal funds rate and the economy were topics in Federal Reserve Chair Janet Yellen's semiannual testimony on the U.S. economy and monetary policy as prepared for delivery to the Senate Banking Committee.

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Migrant Poles worry over Brexit sentiment

The English town of Boston, dubbed by British tabloids as "the most Eastern European town in Britain", has long attracted Poles to the regional agriculture industry. But, as Sara Hemrajani reports, Boston is seeing divisions over immigration and jobs ahead of the in-out referendum.

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Yellen says Fed watching BREXIT vote closely

Federal Reserve Chair Janet Yellen testified to the Senate Banking Committee that a British vote to exit the EU could have significant economic repercussions and the Fed is watching closely.

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Breakingviews: SoftBank shakeup

Ex-Googler Nikesh Arora is departing the Japanese group as founder Masayoshi Son decides to stay in charge for longer. Breakingviews editors analyze what it means for the SoftBank empire.

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Yellen 'optimistic' about long-run U.S. economic prospects

Federal Reserve Chair Janet Yellen told the Senate Banking Committee in prepared testimony that she's optimistic about long-run U.S. economic prospects but Fed can't rule out continuing productivity slump.

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Fed's Yellen says UK exit from EU could bring period of financial volatility, affect U.S. outlook

Federal Reserve Chair Janet Yellen tells the Senate Banking Committee that a UK exit from the European Union could bring a period of financial volatility and affect U.S. outlook.

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Pakistan's rising economy has an image problem

Pakistan has Asia's top-performing stock market this year. But, as Eve Johnson reports, there's a big challenge ahead for the country's economy.

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Soros: Brexit risks 'Black Friday'

George Soros, the billionaire who earned fame by betting against the pound in 1992, says that a British vote on Thursday to leave the European Union will trigger a bigger and more disruptive sterling devaluation than the fall on Black Wednesday. As Sonia Legg reports, many big companies are also warning about the impact of a vote to leave the EU.

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Car maker to investigate Yelchin death

Fiat Chrysler says it will investigate the incident involving a recalled 2015 Jeep Cherokee that killed Star Trek actor Anton Yelchin. Paul Chapman reports.

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Investors take cues from Brexit polls

Sterling has hit a seven-week high against the dollar on expectations Britons will vote to stay in the European Union. But as Sara Hemrajani reports, stocks failed to build on the previous day's gains as this week's referendum keeps many investors cautious.

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Monday, June 20, 2016

Wal-Mart selling e-commerce unit to JD.com

The deal will help Wal-Mart gain customers in China and logistics expertise, Euan Reillie of BDA Partners tells Reuters' Fred Katayama.

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Brexit relief drives U.S. stocks

U.S. stocks moved higher on Monday as new polls indicated British voters are more likely to choose to remain in the European Union. Bobbi Rebell reports.

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Mercadien's Kamen on what's next after Brexit vote

Mercadien Asset Management's Ken Kamen talks with Bobbi Rebell about the impact of the Brexit vote on the financial markets, and what to watch after the vote this week.

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VW's former CEO probed over market manipulation

German prosecutors have launched a probe against former Volkswagen Chief Executive Martin Winterkorn and another senior executive who are suspected of possible market manipulation related to the carmaker's emissions scandal. Sonia Legg reports

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Scottish fishermen prepare to vote "leave"

Support for remain may have shown signs of increasing ahead of this week's Brexit vote but, as Stuart McDill reports, fishermen across Scotland are firmly behind the Leave campaign, blaming the demise of their industry on Brussels.

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Why Apple shares could fall

Apple is about to lose its weighting on the Russell Indexes and be reclassified as a growth and value stock. Fred Katayama reports.

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"Brexit is poison" warns German trade body

German exports will grow less than expected this year due to external risks, including a possible British exit from the EU, according to the head of the BGA trade association. But, as Sonia Legg reports, Germany's economic growth will expand later this year after a slower second quarter.

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Brussels Brits consider nationality over EU vote

British employees of EU institutions in Brussels face uncertainty over their jobs ahead of Britain's in-out referendum over its membership of the European Union. Sara Hemrajani reports

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U.S. bank launches first Cuba friendly credit card

Stonegate Bank, a small Florida-based financial institution, is the first to launch a credit card that Americans can use while visiting Cuba.

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EU debate shouldn't be based on hate – Cameron

British Prime Minister David Cameron warned that the debate on Britain's European Union membership must not be based on "intolerance, hatred and division." Rough Cut (no reporter narration).

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Sunday, June 19, 2016

Battle over Brexit

UK Chancellor George Osborne says he hopes that there will be a "less divisive" debate in the run up to the EU referendum as UKIP's Farage says there has been more "negativity" from the 'Remain' side. Rough Cut (no reporter narration).

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Viacom troubles deepen with profit warning

Media giant Viacom, which is at the center of a fight between its Board and largest shareholder Sumner Redstone, on Friday said quarterly earnings will fall short of Wall Street estimates, marking the first time since October 2008 that it has put out such a warning.

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Friday, June 17, 2016

Apple's iPhone 6 and 6 Plus banned in Beijing - Bloomberg

Beijing's intellectual property authority banned the iPhone 6 and iPhone 6 Plus in the city, according to Bloomberg. The ruling could influence litigation elsewhere in China. Bobbi Rebell reports.

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Wall Street ends lower, Apple weighs

Wall Street ended lower as Apple dragged major indexes and investors girded for Britain's vote next week on its European Union membership. Bobbi Rebell reports.

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Putin on Brexit: Russia wants to talk to a strong Europe

President Vladimir Putin says Russia wants to talk to a strong Europe and will respect the outcome of Brexit vote. Rough Cut - subtitled (no reporter narration).

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Recon's Kevin Kelly on Brexit vote's market impact

Kevin Kelly, Chief Investment Officer at Recon Capital talks with Bobbi Rebell about the upcoming Brexit vote, and the consequences of a decision to leave for Britain to leave the European Union.

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Russia needs infrastructure upgrade, says Radius Director

Russian authorities need to do more to bring up the nation's infrastructure standards to improve productivity, Radius Group Executive Director Zakhar Valkov tells Reuters' Kimberley Lim.

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Russian Exchange seeks more foreign listings

The CFO of the Moscow Exchange, Evgeny Fetisov, tells Reuters' Kimberley Lim that he wants to attract more foreign firms to list, even as sanctions make the task much harder.

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Sanctions against Russia must be lifted, for the sake of the world: PhosAgro CEO

The head of Russia's biggest agricultural company PhosAgro, Andrey Guryev, tells Reuters' Kimberley Lim the world needs open borders for trade to maintain the health of the global economy.

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Swiss bank liquidity shortage a worry for global financial industry

The Swiss Central Bank's concern over capital adequacy at UBS and Credit Suisse should be a wake up call to banks around the world, Renaissance Capital's James Friel tells Reuters' Kimberley Lim.

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Disney faces PR nightmare

The theme park operator also faces the possibility of legal action after an alligator snatched and killed a toddler at its resort in Orlando, Florida. Fred Katayama reports.

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Chevron, Shell to sell refineries?

Global oil majors Chevron and Shell are putting small refineries on the auction block as they look to trim lower-margin assets in the face of headwinds from rising crude oil prices. Kirsty Basset reports.

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Property demand growing strongly in Russia despite economy woes

The CEO of Etalon Group, Anton Evdokimov, tells Reuters’ Kimberley Lim that a rising middle class is boosting the Russian property market even as sanctions and low oil prices hit the economy.

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Europe's car sales move up a gear

European car sales jumped the most this year in May, volume and premium brands alike posting double-digit percentage growth. Hayley Platt looks at a sector that appears to be defying major scandals and global economic wobbles.

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Sell-off abates after tumultuous week

World shares, oil and bond yields rise after a tumultuous week on global markets. As Kirsty Basset reports, even Europe's battered banking sector stocks were making a comeback.

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Investment, growth will fall victim to a Brexit - JC Decaux

JC Decaux Chairman Jean Francois Decaux tells Reuters’ Kimberley Lim that companies will think twice about investing in the UK in the event of a Brexit and that means the economy will suffer.

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Fed rate hike spells crisis for China's banks

Independent Economist Andy Xie tells Reuters’ Kimberley Lim that China’s banks, already heavily indebted, will plunge into a crisis of liquidity when the Federal Reserve raises interest rates.

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BMW sets out vision for the future

BMW Group celebrate its centenary in London, unveiling two vision of the future cars for Rolls-Royce and MINI. Grace Pascoe reports.

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Hong Kong hit by rising foreclosures

Home foreclosures in Hong Kong are double what they were last year, and the situation is likely to get worse as more owners struggle to pay back high-interest loans. Reuters' Clare Baldwin explains how buyers are getting their hands on easy money.

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Low oil price, sanctions prove beneficial for parts of corporate Russia: Business Russia

Russian businesses are learning how to be lean and mean as low oil prices and sanctions batter the economy. It means the nimble grow stronger while the weaker ones fade, says Business Russia President Alexey Repik.

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U.S. stocks snap 5-day losing streak

Stocks bounced back in the afternoon to eke out modest gains as Britain suspended campaigning on the vote on EU membership. Fred Katayama reports.

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Thursday, June 16, 2016

Airbnb raises $1 billion

Apartment-sharing startup Airbnb raised $1 billion from big U.S. banks. Fred Katayama reports.

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Markets weary as central bank influence wanes

Wall Street snapped a five-day losing streak in a late-day turnaround, but investors are still concerned the world's central banks have run out of tools to speed up the global economy.

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Gold climbs to two-year high

Gold has rallied to a two-year peak after the Federal Reserve indicated it may wait longer to raise interest rates. Bobbi Rebell reports.

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Breakingviews: Fed waits for Godot

Breakingviews editors discuss the Fed's latest postponement of a step up in interest rates, and wonder whether the seemingly required perfect conditions will ever come.

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Disney delivers different dream in China

Mainland China's first Disneyland welcomes floods of visitors on its opening day. Reuters' Anita Li explains why this theme park looks so different from Disney's other resorts around the world.

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VW bets on electric cars to recover

Embattled German carmaker Volkswagen, hit by an emissions scandal, presents its “Strategy 2025.” As Hayley Platt reports, it follows a decision by U.S. authorities to give VW more time to reach a settlement

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Stocks fall as Brexit vote looms

Wall Street fell for a fifth straight session on Wednesday after the Federal Reserve left U.S. interest rates unchanged and investors remained nervous about the upcoming vote on whether Britain should leave the EU. Bobbi Rebell reports.

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BOJ holds off easing, sparks yen spike

The Bank of Japan refrains from offering additional monetary stimulus despite external headwinds and anaemic inflation, sending the yen to a two-year high. As Sonia Legg reports, it's clouded an already darkening outlook for the economy.

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Wednesday, June 15, 2016

Fed should not raise rates in 2016 says Mizuho's Steve Ricchiuto

Steve Ricchiuto, Chief Economist at Mizuho Securities talks with Bobbi Rebell about the Fed's policy meeting, and his outlook for the economy, and future rate hikes.

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Pulling M&Ms from McFlurrys

The maker of M&Ms, Mars, is considering taking its candies out of McDonald's McFlurry and other treats to lower the sugar content, a source tells Reuters. Fred Katayama reports.

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Retail tycoon says sorry for demise of BHS

Retail tycoon Philip Green says he's working to fix a gaping hole in the pension scheme of BHS as lawmakers questioned him over the demise of the department store chain he sold to Dominic Chappell, a serial bankrupt with no retail experience. Hayley Platt reports.

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Choppy waters for Brexit Britain?

The chief executive of Britain's Rolls-Royce has written to its UK staff to tell them the engineering company is better off in the EU. The warning comes as Finance minister George Osborne says he will introduce an emergency budget if Britain votes to leave the EU. David Pollard reports

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Fast fashion helps Inditex beat forecasts

Inditex, the world's biggest clothing retailer, beat forecasts with a 6 percent rise in profits. Sales were strong because fast turnover allowed the owner of fashion chain Zara to react quickly to unseasonable weather.

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Chinese investors get a nose for garlic

Shaken by volatile stock and property markets, a growing number of Chinese investors are putting their money into garlic, buying huge quantities in the off season and cashing in major profits when prices rise. As Jessica Yu reports, it's a dog eat dog world in the fields and warehouses of rural China.

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Wall St. falls for fourth straight day

As the Brexit vote nears, stocks once again lost ground with financials among the losing sectors. Bobbi Rebell reports.

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MSCI shuts the door on Chinese stocks

U.S. index provider MSCI says 'no' to listing Chinese shares on its emerging markets index for a third straight year. Approval could be a multi-billion dollar shot in the arm for Chinese stocks, but as Michelle Price reports, investors think Beijing is still some way off warranting a seat at the table.

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Tuesday, June 14, 2016

Symantec buys Blue Coat

The maker of the Norton anti-virus software is buying a cybersecurity company for $4.7 billion deal. The deal could transform the security landscape as Fred Katayama reports.

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U.S. May retail sales beat expectations

U.S. retail sales rose more than expected in May as Americans bought cars, clothes, and shopped online. Bobbi Rebell reports.

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FBB Capital's Mike Bailey on the market's Fed expectations

Mike Bailey, Director of Research at FBB Capital Partners talks with Bobbi Rebell about expectations for the current Fed policy meeting, and the likely impact for investors.

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Consumers will keep spending says retail expert

Low unemployment and rising wages will keep stoking consumer spending, Splashlight CEO James Ingram tells Reuters' Fred Katayama.

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Breakingviews: Uncle Sam’s softer touch

Richard Beales and Rob Cox discuss why America has bested the UK in an annual ranking of countries with the greatest soft power.

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Oil outlook brightens

The International Energy Agency upwardly revised its forecast for oil demand. Fred Katayama reports.

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VR: the new gaming battleground

Sony has made its play into the world of virtual reality at E3's video gaming conference and two new Xbox consoles are unveiled. Ivor Bennett reports

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Brexit has expat Brits saying 'au revoir'

With a vote on British membership of the European Union planned for June 23, some expats living in France are taking drastic action to ensure they stay European by applying for French passports. Ivor Bennett reports.

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Fist-sized diamond to be auctioned

The largest gem-quality rough diamond to be discovered in more than 100 years has gone on display in London. Lesedi la Rona was discovered in Botswana and could fetch more than $70 million.

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Investigation into Lotte Group ramps up

South Korean prosecutors have expanded their investigation into the Lotte Group - with raids on at least ten firms including its biggest listed unit Lotte Chemical. Kate King reports.

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Xbox unveils two new consoles at E3

Two consoles are unveiled at the Xbox briefing as part of the E3 gaming convention - the Xbox One Slim for this year and Project Scorpio for 2017. Rough Cut - no reporter narration.

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Monday, June 13, 2016

Apple CEO Tim Cook leads moment of silence for Orlando

Apple CEO Tim Cook opens the company's developers conference with a moment of silence for the victims of the mass shooting at a gay nightclub in Orlando. Rough Cut (no reporter narration).

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Microsoft buys LinkedIn for $26.2 bln

Microsoft agrees to buy LinkedIn for $26.2 billion in its biggest-ever deal. Bobbi Rebell reports.

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Symantec buys Blue Coat

The maker of the Norton anti-virus software is buying a cybersecurity company for $4.7 billion deal. The deal could transform the security landscape as Fred Katayama reports.

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Does Northern Ireland need the EU?

With high levels of EU trade and close links to the Republic of Ireland, warnings have been growing that Northern Ireland's economy could be seriously damaged by a Brexit. Reuters Jacob Greaves has been gauging the situation at an eel fishery that's reliant on EU exports.

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Breakingviews: LinkedIn, tuned out

Robert Cyran tells Richard Beales why Microsoft's agreed $26 billion purchase of LinkedIn raises a collection of red flags for investors.

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Pound hits 8-week low amid Brexit fears

Fears of a British exit from the European Union is spooking investors, with sterling volatility hitting record highs not seen since the 2008 financial crisis. Kate King reports.

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China's 'no trade war' vow to Germany

China's leader has told German Chancellor Angela Merkel he does not want trade tensions with the European Union, a vital market for a huge economy facing falling exports, to descend into a trade war. Sonia Legg reports.

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French pilots strike threatens flight chaos

A strike by Air France pilots in a row over pay cuts enters its second day on Sunday, threatening flight cancellations during the Euro 2016 soccer tournament. Paul Chapman reports.

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Brexit fear factor sends stocks spinning

Fears Britain is on the verge of voting to leave the European Union next week spread through global financial markets, sending Asian and European shares sharply lower and the pound to an 8-week low. Ivor Bennett reports

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Sunday, June 12, 2016

Belgium opens world's biggest lock

What is being hailed as the world's biggest lock goes into action at the port of Antwerp in Belgium. Rough cut (no reporter narration).

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Friday, June 10, 2016

Global markets turn gloomy ahead of Fed, Brexit votes

U.S. stocks tumbled for a second day as investors show concern about the global economy ahead of the Federal Reserve's decision on interest rates and Britain's decision on the European Union.

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Wall St falls on oil plunge, Brexit worry

U.S. stocks dropped for a second straight day following another dive in oil and rising worries ahead of UK's referendum on whether to stay in the European Union. Bobbi Rebell reports.

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Wells Fargo Fund's Manley on why the markets are so nervous

Wells Fargo Funds Management Chief Equity Strategist John Manley talks with Bobbi Rebell about Friday's market slide and what to expect next week.

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Line Corp plans dual Tokyo, New York IPO

Messaging app operator popular in Japan, Line Corp, plans double listing in Tokyo and New York in July that could raise more than $900 million and value the company at $5.50 billion. Bobbi Rebell reports.

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Gawker files for bankruptcy after Hulk Hogan lawsuit

Gawker Media, the online publisher ordered to pay $140 million to former wrestler Hulk Hogan over the publication of a sex tape, filed for bankruptcy and is planning to put itself up for sale. Linda So reports.

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Is Russia coming back in from the cold?

With one eye on their economy, German Chancellor Angela Merkel and her economy minister have given the strongest indication yet that Russia's continued isolation may be coming to an end. Ivor Bennett reports.

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Spain heads into political unknown

As Spain prepares for a re-run of its general election on June 26, the anti-austerity Unidos Podemos coalition is seen likely to scoop big gains. Markets, though, are pondering another risk: that the vote could again fail to produce a clear outcome. Mia Reakes reports.

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Take 2 for Turkish tourism

A Turkish travel agent is starring in his own Arabic-language soap opera in a bid to attract Arab visitors to Turkey's hard-hit resorts. David Pollard reports.

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Breakingviews: Carving trade with a knife

Rob Cox discusses why his grandfather’s GE carving knife from 1970 illustrates how free trade benefits people in developed economies beyond the heart-wrenching stories of dislocated workers.

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Euros: red card for Hollande's France?

The stench of garbage as workers strike; militant attacks. If France muddles through the first, then it still faces the threat of the second as it kicks off the Euro soccer championship - in what could be a nervous few weeks for markets and for President Hollande. Ivor Bennett reports.

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Regulators looking into Tesla Model S complaints

U.S. auto safety investigators are reviewing reports of suspension problems in Tesla Motors' Model S cars.

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UK oil still in troubled waters

A quarter of Britain's oil jobs - some 120,000 workers - could have been culled by the end of this year, according to a new report. As Kirsty Basset reports, high production costs are still weighing on the UK sector despite a recent surge in crude prices.

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Thursday, June 9, 2016

Taxi drivers hope to put the brakes on Uber in Argentina

Taxi drivers block streets in the Argentine capital in the latest protest against Uber. Deborah Lutterbeck reports.

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Aston-Pictet's Charlie Price on European impact on U.S. stocks

Aston-Pictet's Charlie Price talks with Bobbi Rebell about comments made by ECB President Marie Draghi and how that is impacting global stocks.

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Stocks step back after three days of gains

U.S stocks retreated on Thursday as investors focused on less risky assets as well as cautious comments made by the head of the European Central Bank. Bobbi Rebell reports.

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Brexit: business friend or foe?

A nightmare of red tape and bureaucracy that hampers creativity or a vital club that helps grow business across Europe? British business owners are divided on what the EU means for their companies. David Pollard reports.

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Economic outlook brightens on upbeat job data

The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to strength in the labor market despite a sharp slowdown in hiring last month. Bobbi Rebell reports.

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Breakingviews: App stores grow up

Richard Beales and Rob Cyran explain why both Apple and Google are slashing their take from some app sales to 15 percent and what it means for their business.

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New airport delay solution needed

The CEO of American Airlines says airlines' efforts to cut those long security lines at U.S. airports are not sustainable. Fred Katayama reports.

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New plea to boost Zuma investigation

South Africa's Public Protector Thuli Madonsela has called for more resources to investigate whether President Jacob Zuma allowed a wealthy business family to decide on cabinet appointments. As Ivor Bennett reports, the scandal surrounding the Gupta family took a dramatic turn earlier this year after deputy finance minister Mcebisi Jonas said they had offered him his boss's job, an allegation that led to calls for Zuma to resign.

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UK grocers brace as AmazonFresh arrives

Amazon has launched a British version of its AmazonFresh food delivery service in a long-anticipated move by the world's largest online retailer to break into the UK grocery market. Hayley Platt reports.

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Pros and cons of Germany's trade surplus

German imports unexpectedly fell in April while exports were unchanged, propelling the trade surplus of Europe's biggest economy to a fresh monthly record despite weaker demand from emerging markets such as China. Sonia Legg reports

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Asia's exploding meth market

Factories in China are pumping out crystal methamphetamine to eager buyers across the Asia Pacific. As Tara Joseph reports, organized crime rings are making millions of dollars from the trade every year, fueling drugs use across the region.

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Dow ends above 18,000

The Dow closed above 18,000 for the first time since April. Declines in the dollar lifted some commodity-related shares and boosted the outlook for multinationals. Bobbi Rebell reports.

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Europe risks lasting damage - Draghi

Europe is at risk of suffering lasting economic damage from weak productivity and low growth, the European Central Bank's president warns, underscoring his argument that monetary policy alone cannot end the bloc's economic malady. David Pollard reports

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Wednesday, June 8, 2016

Ross Gerber on why he expects another 5 percent market gain

Ross Gerber, CEO of Gerber Kawasaki talks with Bobbi Rebell about his optimistic market outlook, what could derail stocks, and why he is looking to the Olympics for investment ideas.

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McClendon car crash ruled accident, not suicide

The fiery crash that killed U.S. oilman Aubrey McClendon in March after his car hit a wall was an accident, Oklahoma's medical examiner said on Wednesday.

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Lancome closes HK stores amid Ho protest

Cosmetics company Lancome has closed its main stores in Hong Kong amid protests accusing the firm of bowing to China for cancelling a concert by pro-democracy singer Denise Ho. David Pollard reports.

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Breakingviews: Lululemon feels the heat

Antony Currie and Jennifer Saba explain why and how founder and former CEO Chip Wilson wants to hold the athletic-apparel maker's board accountable for lagging performance.

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Lancome shuts main Hong Kong stores over protests

The face-cream company Lancome has closed its main stores in Hong Kong after protestors demonstrated outside, accusing the firm of bowing to China by canceling a concert featuring a pro-democracy singer.

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ECB launches corporate bond buy

The European Central Bank begins buying corporate bonds, hoping to convince companies to borrow and spend. As David Pollard reports it's the latest effort to revive rock-bottom inflation in the euro zone.

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Korea bank fund offers shipping breakwater

South Korea will create a 11 trillion won ($9.50 billion) fund to support two state-run banks most exposed to shipping and shipbuilding firms currently being restructured. As Ivor Bennett reports, the China slowdown is partly to blame.

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Tuesday, June 7, 2016

Ralph Lauren cutting jobs, shutting stores

Ralph Lauren is cutting about 1,000 jobs and closing fifty stores as part of a sweeping plan to lower costs and revive sales growth at the luxury fashion brand. Bobbi Rebell reports.

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S&P inches closer to record

Stocks rose to a six-week high as oil hit a 2016 high on falling supplies and a weaker dollar. Bobbi Rebell reports.

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If S&P breaks record, it will go even higher- Sam Stovall

S&P Global Market Intelligence's U.S.equity strategist Sam Stovall talks with Bobbi Rebell about the rising stock market- and why he is watching energy stocks so closely.

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US: China should lower business barriers

Senior U.S. officials have again pressed China to reduce barriers for foreign businesses, saying concerns have grown due to a more complex regulatory environment. As David Pollard reports, it follows a series of government investigations targeting foreign companies and the roll-out of a national security law limiting the use of overseas technology.

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Valeant cuts forecasts again

Quarterly earnings at the embattled drug maker swung from a profit to a loss. Valeant's stock has fallen 90 percent since August. Fred Katayama reports.

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Breakingviews: Valeant meltdown

The troubled drug firm has a new boss, but it disappointed investors yet again. Robert Cyran and Rob Cox discuss Valeant’s continuing trouble – and our new book on the company.

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Euro zone getting fitter?

The euro zone economy grew by 0.6 percent in the first quarter of 2016, the highest rate for 12 months. As David Pollard reports, it was supported by household spending and private sector investment.

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BuzzFeed ditches ad deal over Trump rhetoric

Internet media company BuzzFeed drops a political advertising deal over Donald Trump's rhetoric. Paul Chapman reports.

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Nigeria's 'tomato ebola' hits prices hard

A deadly moth is destroying Nigeria's tomatoes sending prices soaring 700 percent and forcing the local government to declare a state of emergency. Hayley Platt reports on the impact.

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S&P hits new seven-month high after upbeat Yellen comments

Stocks moved higher after Fed Chair Janet Yellen indicated a rate hike was still very much in the cards, but took out specifics on the timing of that hike. Bobbi Rebell reports.

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Monday, June 6, 2016

Fed’s Yellen tampers expectations for June rate hike

Federal Reserve Chair Janet Yellen on Monday gave a largely upbeat assessment of the U.S. economic outlook and said interest rate hikes are coming but, in an omission that stood out to some investors, gave little sense of when.

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Fed still on course- Russell Investments' Stephen Wood

Russell Investments chief market strategist Stephen Wood talks with Bobbi Rebell about Monday's stock market and the reaction to Fed Chair Janet Yellen's comments.

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Fed's Yellen remains upbeat on economy

Fed Chair Janet Yellen avoided saying when exactly she expects the next interest rate hike, but added that "positive economic forces have outweighed the negative" for the United States. Bobbi Rebell reports.

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Cadillac to build virtual showrooms

GM's luxury division hopes to convert some dealerships into virtual showrooms. But as Fred Katayama reports, some dealers worry they'll turn into service centers.

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Afghan 'conflict jewels' fuel war - activists

An Afghan government ban on the mining of semi-precious lapis lazuli stones has put many of those involved in the trade out of business. But, as Hayley Platt reports activists say that illegal extraction of the stones is continuing and funnelling millions of dollars into the hands of insurgents and corrupt warlords and funding the conflict in the country.

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Spotify eyes profits, and Apple defence

Swedish music streaming service Spotify is hatching plans to finally make a profit, and ramp up its defences against fast-growing Apple Music. Julian Satterthwaite reports.

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Kigali bid to rid city of street vendors

Kigali's attempts to clear street vendors has been labelled police harassment by those at the receiving end of it. The Rwandan capital's local authorities says hawkers must go into formal work or form registered cooperatives to keep the city tidy - and raise taxes. David Pollard reports

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US, China challenges: it helps to talk

U.S. Treasury Secretary Jack Lew has told President Xi Jinping the United States supports China's efforts to cut excess industrial capacity. He made the comment as the annual U.S.-China Strategic and Economic Dialogue got underway in Beijing. Ivor Bennett reports.

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Could cyber heist have been even bigger?

Sources close to Bangladesh Bank tell Reuters that hours before the New York Federal Reserve cleared $81 million in fraudulent money requests by hackers, it had identified and identified and rejected the exact same requests. As Reuters' Ryan Brooks reports, those sources say the Fed had enough warning to cancel the fraudulent transfers.

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Former UK PM Major accuses Brexit campaign of "deceit"

Former British Prime Minister John Major accuses the campaign for Britain to leave the European Union of fatuous and squalid claims. Rough Cut (no reporter narration).

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Sunday, June 5, 2016

Obama touts economic progress, says more can be done

U.S. President Barack Obama says the city of Elkhart, Indiana is symbolic of the country's economic recovery, but says in order to improve further "we've got to come together around our common economic goals." Rough Cut (no reporter narration).

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Saturday, June 4, 2016

Fed will punt in June after May jobs report - analyst

The Fed next meets in mid-June, but Georgetown professor Harry Holzer thinks it'll punt on raising rates following May's weak jobs report.

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Friday, June 3, 2016

U.S. adds 38,000 jobs in May

The weak jobs report could give the Federal Reserve another reason not to raise interest rates in June. Fred Katayama reports.

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Wal-Mart to test grocery delivery with Uber, Lyft, Deliv

Wal-Mart is taking direct aim at rival Amazon's Prime Fresh same-day delivery service. Bobbi Rebell reports.

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Breakingviews: Rise of the gluenicorns

Antony Currie and Rob Cox discuss how the increasing problems at $1 bln-plus former startup darlings like Theranos are a boon to the incumbent companies they're trying to disrupt.

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JP Morgan chief weighs into EU debate

JP Morgan CEO Jamie Dimon warns of job cuts if Britain votes to leave the EU, as sterling shrugs off better than expected services sector data. Kirsty Basset reports.

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Euro zone growth mute in May

Despite floods and industrial unrest, France has seen a pick-up in services, offsetting weakness in manufacturing. Grace Pascoe looks at the latest PMIs and reports on the outlook for the rest of the euro zone.

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Can mining end Saudi oil addiction?

A sprawling desert complex of refineries, smelters and casting machines has become a symbol of Saudi Arabia's attempt to diversify its economy. Sarah Charlton reports on the world's largest integrated aluminium facility and the kingdom's attempts to end its oil addiction.

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Kenya farmers battle El Nino floods

Farmers in western Kenya count their losses as unusually high rainfall linked to the El Nino weather pattern destroys their crops. David Pollard reports.

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ECB puts off Greek QE access...for now

The European Central Bank has deferred giving Greece access to its cheap money for at least another three weeks. But after passing another batch of bailout reforms through parliament, Athens is confident the lifeline will be granted soon. Ivor Bennett reports.

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Tortoise Capital's Thummel on top energy investment strategy

Tortoise Capital energy portfolio manager Rob Thummel talks with Bobbi Rebell about OPEC, oil inventories, and where he believes the best opportunities are in the sector.

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Thursday, June 2, 2016

United sets sights on high-spending travelers

United is overhauling its international business class to win over high-spending travelers and chip away at its reputation as industry-lagging. Bobbi Rebell reports.

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S&P 500 at seven month high

A day ahead of the monthly jobs report, the S&P hit a seven-month high with the Nasdaq posting its seventh day of gains. Bobbi Rebell reports.

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OEPC fails to agree policy

OPEC fails to agree on a ceiling for oil production again - for the second time in row. Worries about Iran's intention and the threat of a Saudi glut on the markets overshadowing the event, even as leaders talk up the positives of a rebound in the oil price. Joel Flynn reports.

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Breakingviews: Riding Saudi Uberabia

Rob Cox and Antony Currie explain how the kingdom's $3.5 bln investment in the taxi-hailing app allows it to ride shotgun in a firm at the center of disrupting the oil-guzzling car industry.

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UBS tells bankers to take a break

In a profession known for its gruelling schedules, banks around the world are trying to lighten workloads to lower stress levels, especially among junior bankers. UBS are now telling their bankers they can take two hours of personal time a week. Sarah Charlton reports.

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Six automakers recalling vehicles

U.S. government documents show the automakers are recalling nearly 2.5 million vehicles with defective Takata air bag inflators. Fred Katayama reports.

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Alarm as pork prices sizzle in China

Beijing is stepping in to urgently try to curb a surge in Chinese pork prices, including taking the rare step of offloading frozen supplies stashed by the state. The cost of China's favorite meat has skyrocketed to record highs, and as Graham Mackay reports, that could have serious social consequences.

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Sales over safety for Chinese SUV makers

Sports utility vehicles are booming in China, the world's largest auto market. But as Ryan Brooks reports, some carmakers are cutting key safety features to try and undercut the opposition on price.

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Sales over safety for Chinese SUV makers

Sports utility vehicles are booming in China, the world's largest auto market. As Jake Spring reporters, to compete on price, China's car makers are cutting key safety features that are legal requirements in the U.S. and Europe.

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Nick Colas on why he believes tech is best opportunity

Convergex Chief Investment Strategist Nick Colas talks with Bobbi Rebell about trading on the first day of the month, and why he is paying a lot of attention to tech stocks right now.

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Wednesday, June 1, 2016

Slow start to June for stocks

Stocks eeked out modest gains in the first trading day of the month, taking a break after strong advances in May. Bobbi Rebell reports.

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Some new cars still have defective Takata airbags

Toyota, Fiat Chrysler, Volkswagen, and Mitsubishi are still selling new vehicles with defective air bags, according to U.S. Senate committee. Bobbi Rebell reports.

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World's longest rail tunnel now open

Seventeen years of Swiss engineering equals the Gotthard base tunnel - now the world's largest rail tunnel. As Grace Pascoe reports, the tunnel aims to shorten travel times between northern and southern Europe.

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Banks should worry about fintech, says Blockchain CEO

Nicolas Cary, co-founder and chair at Blockchain, shares his thoughts on the Bitcoin/Blockchain revolution and how it can transform the world of finance.

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Breakingviews: Salesforce's high buy

Robert Cyran and Reynolds Holding discuss the online software firm's purchase of e-commerce company Demandware and why the deal could make sense despite a lofty premium.

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U.N. programme helps Zimbabwean farmers

A new U.N. programme in Zimbabwe is helping farmers fight the impact of an El Nino induced drought. Kirsty Basset reports.

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Alarm as pork prices sizzle in China

Beijing is stepping in to urgently try to curb a surge in Chinese pork prices, including taking the rare step of offloading frozen supplies stashed by the state. The cost of China's favorite meat has skyrocketed to record highs, and as Jessica Yu reports, that could have serious social consequences.

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'Out' camps edges ahead in Brexit battle

The 'Out' camp appears to be edging ahead in Britain's Brexit battle, as manufacturers and labour unions make new warnings about what could happen to jobs and wages if the UK leaves the EU. Julian Satterthwaite reports.

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Stocks post solid gains in May

The last trading day of the month was flat, but the major indexes all were higher in May, with the Nasdaq up 3.6 percent. Bobbi Rebell reports.

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Is this Latin America's perfect storm?

2016 has been a turbulent year for many Latin America economies. As Grace Pascoe reports, politics, low oil prices and Zika make up just some of the headwinds unnerving investors.

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