Apple is reportedly looking to open its first store in South Korea. As Fred Katayama reports, it could be across the street from Samsung's headquarters in Seoul.
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Thursday, September 22, 2016
New growth warnings over euro zone
The German economy will lose steam in the second half of 2016 as weaker foreign demand causes industrial output to slow. As David Pollard reports, the warning from the Finance Ministry is another sign that Europe's biggest economy is set for a slowdown at a key time for Europe.
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Help for Hanjin while Maersk splits business
The largest shareholder of Hanjin Shipping has agreed to lend 60 billion won ($53.96 million) to help unload cargo that has been stranded since the world's seventh-largest container carrier collapsed late last month. As Laura Frykberg reports, the news came as Denmark's Moller-Maersk - the world's biggest container shipping business - announced it will split into separate divisions as low freight and oil prices take their toll.
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Wednesday, September 21, 2016
Reaction to Fed decision from Wells Fargo's George Rusnak
George E. Rusnak Co-Head of Global Fixed Income Strategy at the Wells Fargo Investment Institute talks with Bobbi Rebell about the Fed's decision on interest rates.
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Fed leaves interest rate unchanged
Federal Reserve Chair Janet Yellen says the Fed will keep the Federal Funds Rate at its current level, but says the case for an increase has strengthened. Rough Cut (no reporter narration).
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Wall Street climbs on Fed inaction
Investors went shopping for stocks after the Fed decided to hold interest rates steady. But as Fred Katayama reports, the central bank said the case for a rate hike has strengthened.
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BOJ policy move is positive, says Columbia's Hugh Patrick
Columbia Business School professor emeritus Hugh Patrick tells Reuters' Fred Katayama banks and markets will respond well to the Bank of Japan's shift to targeting interest rates on government bonds.
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Breakingviews: Japanese translation
The BOJ pulled out a new tool while Prime Minster Shinzo Abe and hedge-fund manager Dan Loeb discussed other Japan reforms at a Reuters event. Breakingviews editors pull it all together.
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China's Li makes yuan exchange rate promise
China's promised the U.S. it will keep the yuan's exchange rate at a reasonable and balanced level. As Laura Frykberg reports, the Chinese Premier Li Keqiang gave the reassurance at an economic forum in New York.
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Why protestors see red over EU-US trade talks
Protesters have been demanding the European Union abandons plans for a transatlantic free trade deal. David Pollard looks at their reasons and whether the global economy really needs the long-awaited TTIP agreement.
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Inditex: fast fashion, faster sales
Inditex, the world's biggest clothing retailer, has reported its first half net profit rose 8 percent from a year ago, beating analysts' estimates. As Laura Frykberg reports, the increase was driven by strong sales as it focuses on flagship stores and its online business.
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BOJ policy reboot to target interest rates
The Bank of Japan overhauls its monetary policy framework, switching to targetting interest rates and sidelining more than three years of massive money printing that did little to jolt the economy out of a decades-long funk. David Pollard reports.
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Thousands protest trans-Atlantic trade deals
Protesters march through Brussels demanding a halt to trans-Atlantic trade deals they say will hit standards and give more power to big business.
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Why Britain's turning phone boxes into offices
Britain's red telephone boxes may no longer be used for their original purpose in an age of smartphones but one company is giving the famous booths a makeover -- as small offices. Reuters Emily Wither had a look inside
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US-China ties not dependent on election outcome
Chinese Premier Li Keqiang says Chinese ties with the U.S. will continue to develop no matter who wins the U.S. presidential election.
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Tuesday, September 20, 2016
Wall St ends flat with Fed, BOJ up next
Wall Street ends little changed as healthcare gains countered declines in energy shares, a day before highly anticipated outcomes of monetary policy meetings in the United States and Japan. Bobbi Rebell reports.
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Wells Fargo CEO comes under fire
John Stumpf got no sympathy on Capitol Hill after he apologized for his bank's aggressive sales tactics and said he would take full responsibility. Fred Katayama reports.
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Convergex's Colas on what aliens have to do with the markets
Convergex Chief Market Strategist Nick Colas talks with Bobbi Rebell about the Fed, the markets, and how people's belief in aliens factors into the financial markets.
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Skittles' tart response to Trump Jr.'s remarks
The maker of Skittles candies offers a blunt response to a social media post by Donald Trump Jr. in which he compares Syrian refugees to poisoned Skittles. Linda So reports.
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John Stumpf's performance at Senate was "mixed" says analyst
Guggenheim's Eric Wasserstrom also tells Reuters' Fred Katayama the scandal over Wells Fargo's sales tactics appears to be heading towards a criminal investigation.
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Lotte boss questioned in S Korea corporate probe
South Korean prosecutors question Lotte Group Chairman Shin Dong-bin, the most senior executive to face interrogation as part of a sweeping criminal probe into the country's fifth-largest conglomerate. David Pollard reports.
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Breakingviews: Apple and Tesla?
Elon Musk's electric-car maker needs money as Tim Cook's cash-rich company angles its way in to autos. Breakingviews columnists debate the merits of Apple buying a stake in Tesla.
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Revamp for Britain's iconic red phone boxes
Britain's red telephone boxes may no longer be used for their original purpose in an age of smartphones but one company is giving the famous booths a makeover -- as small offices. Reuters Emily Wither had a look inside.
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New GSK CEO to be most powerful woman in FTSE 100
GlaxoSmithKline announces its new CEO as insider Emma Walmsley. She becomes the first woman to head a top global pharmaceutical company and brings the number of female chief executives in Britain's FTSE 100 index to seven. Laura Frykberg reports.
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Wall St. flat ahead of Fed meeting
Stocks traded back and forth between positive and negative territory on Monday, closing barely changed as investors braced for the Fed meeeting that starts Tuesday. Bobbi Rebell reports.
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BoJ, Fed keep markets guessing
Shares hit pause and the dollar lost ground against the yen as investors awaited the outcome of Federal Reserve and Bank of Japan meetings. As David Pollard reports, they're both dealing with very different dilemmas.
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Monday, September 19, 2016
Paul Ryan's plan to fix the economy
House Speaker Paul Ryan appeared at the Economic Club of New York to talk about his economic plan for America. Bobbi Rebell reports.
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Union sees improvement in GM talks
Canada's auto workers union said all issues are on the table in negotiations with the U.S. auto maker. As Fred Katayama reports, workers could walk off the job if a deal isn't reached by midnight Monday.
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Bundesbank adds to Merkel's misery
Angela Merkel's CDU party has suffered its second electoral blow in two weeks. As Laura Frykberg reports, to add to German Chancellor's woes the Bundesbank has warned German economic growth could slow in the third quarter.
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Riverfront's Jones on the Fed and best investment ideas
Michael Jones, Chairman and Chief Investment Officer at RiverFront Investment Group talks with Bobbi Rebell about the Fed meeting that starts Tuesday and shares his best investment ideas.
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Victory for Putin, despite economic woes
The United Russia party backed by President Vladimir Putin is heading for a big victory in parliamentary elections. But, as Kate King reports, the struggling economy - hit by sanctions and low oil prices - may have put off some voters
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China's banks given 3 year crisis warning
Excessive credit growth in China is signalling an increasing risk of a banking crisis in the next three years, according to a report from the Bank of International Settlements. Sonia Legg reports.
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Breakingviews: Laboratory conditions
Robert Cyran tells Richard Beales why Abbott Labs' $4.3 bln asset sale to J&J eases pressure on the two tricky acquisitions totaling over $30 bln that it has in the pipeline.
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Could Brexit impact UK business model?
London's first Fashion Week since the Brexit vote is in full swing. For the moment the catwalk appears to have weathered the storm, but signs are emerging that other industries may not. Laura Frykberg reports.
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Arctic tourists dock in NY
What's hailed by organisers as the first luxury cruise through Canada's Northwest Passage ends its ground-breaking voyage in New York. Paul Chapman reports.
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Saturday, September 17, 2016
Wall St falls; risk of Deutsche Bank fine hits banks
Stocks fell on Friday with weakness in financial stocks. But for the week, the major U.S. indexes posted gains. Bobbi Rebell reports.
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Friday, September 16, 2016
Recon Capital's Kelly on cutting market risk
Recon Capital Chief Investment Officer Kevin Kelly talks with Bobbi Rebell about the week's market action and what the Fed will focus on when they meet next week.
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New iPhone goes on sale worldwide
Ecstatic fans greet the release of the new iPhone 7 across the world on Friday, as Apple reports some models are already sold out.
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Big cheer for Big Apple's first iPhone 7 buyer
Die-hards in New York City get their hands on some of the first iPhone 7 models, with the first person in line waiting 23 days outside the Apple flagship store. Rough Cut (no reporter narration).
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Deutsche Bank, Wells Fargo: banks back in the hot seat
Bank stocks are under pressure after Deutsche Bank vowed to fight a $14 billion settlement with the Dept. of Justice and Congress digs deeper into a Wells Fargo account scandal.
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Exxon probed over accounting
Exxon Mobil hasn't written down the value of its assets despite the steep drop in oil prices, and now, the New York Attorney General has launched a probe. Fred Katayama reports.
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Breakingviews: Deutsche's turn
Richard Beales and Antony Currie look at U.S. enforcers' demand that Deutsche Bank pays $14 billion in fines and the implications of even a lower final figure for the lender.
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Sony showcases VR for the masses in Tokyo
Gamers have been talking about VR for years, but in 2016, there's a difference. At the Tokyo Games Show, they're now within spitting distance of taking mass-market headsets and games back to their living rooms... or their parents' basements. Graham Mackay reports.
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Air bags: Fiat Chrysler recalls 1.9 million cars
Fiat Chrysler is recalling 1.9 million vehicles worldwide for an air bag defect linked to three deaths and five injuries in yet another major recall to hit the auto industry. David Pollard reports.
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Smaller crowds greet iPhone 7 launch
iPhone fans in Asia became the world's first to snap up the newest model but crowds of enthusiasts and overnight campers were smaller than in previous years. Paul Chapman reports.
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Stocks higher as Apple rises again
Wall Street rallied 1 percent buoyed by Apple's best four-day run since 2014, along with falling expectations for a Fed rate hike next week. Bobbi Rebell reports.
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Thursday, September 15, 2016
ASTON/Pictet's Beneche on valuing stocks
Ben Beneche, Co-Portfolio Manager of the ASTON/Pictet International Fund talks with Bobbi Rebell about market valuations and the best global investment opportunities.
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Samsung recalls Galaxy Note 7 smartphones
Samsung Electronics recalls Galaxy Note 7 smartphones due to serious fire and burn hazards. Rough Cut (no reporter narration).
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Trump: "Extremely political" Fed will keep rates low this year
Republican presidential nominee Donald Trump says he thinks the Federal Reserve will keep U.S. interest rates low throughout 2016, perhaps without any increase at all. Rough Cut (no reporter narration).
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Trump's math doesn't add up on savings, says Huffbauer
Gary Hufbauer of the Peterson Institute tells Reuters' Fred Katayama why Republican presidential candidate Donald Trump's "penny plan" won't save $1 trillion.
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Warren Buffet loses a billion as Wells Fargo scandal grows
The damage is adding up for Wells Fargo's biggest investor Warren Buffett's Berskhire Hathaway as the Fed's prepares to investigate and CEO John Stumpf prepares to answer questions before Congress.
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Apple fans queue for iPhone 7
Technology fans start lining up outside Apple stores in Sydney and Tokyo one day ahead of the iPhone 7 launch. But as David Pollard warns, Apple has warned that supplies of some model options are already running short.
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Apple surges though stocks slide late in session
Wall Street edged lower on Wednesday as investors stewed about future interest rate hikes, and cheaper oil dragged down energy shares, although Apple surged to its highest level this year. Bobbi Rebell reports.
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Why did UK nuclear deal get green light?
Britain gives the go-ahead for an £18 billion nuclear power plant, ending weeks of uncertainty that strained ties with China and France and put a question mark over Prime Minister Theresa May's investment policy. Ivor Benentt reports.
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Wednesday, September 14, 2016
Ross Gerber on Apple and the tech stocks he is buying
Ross Gerber, President of Gerber Kawasaki, talks with Bobbi Rebell about the U.S. financial markets including the rise of Apple and other stocks in the tech sector.
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Uber's self-driving cars cruise into Pittsburgh
Ride-hailing service Uber launches it's self-driving pilot program in Pittsburgh, Pennsylvania where a selected group of customers can access the autonomous vehicle option when they order a ride.
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Monte dei Paschi: baptism of fire for new CEO?
Italy's Monte dei Paschi di Siena appoints Marco Morelli as its new chief executive, handing the 54-year-old banker the job of convincing investors to back a third cash call for the ailing bank in as many years. David Pollard reports.
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Breakingviews: Elon Musk's M&A woes
Antony Currie and Richard Beales explain that rising concerns about cash burn at both Tesla and SolarCity are making shareholders increasingly skeptical that the two companies will merge.
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German firms defend failure to employ refugees
Germany's blue-chip companies have been asked to explain why they've managed to hire fewer than 100 refugees, despite around a million arriving in the country last year. As Ivor Bennett reports, it could be a big problem for Angela Merkel and the German economy.
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Bayer buys Monsanto for $66 bln.
The German drug and chemicals company is paying a hefty premium for the American seeds maker. As Fred Katayama reports, the deal will likely face close regulatory scrutiny.
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Adelson's optimistic $3 billion bet on Macau
U.S. casino mogul Sheldon Adelson has opened his fifth resort in the Chinese gambling hub of Macau to fireworks. As Ryan Brooks reports, it comes as signs emerge of a turnaround in the territory's fortunes after two years of falling revenues cast doubt on the wisdom of new developments.
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Uber debuts self-driving cars
Uber-users in Pittsburgh now have the opportunity to ride in an autonomous vehicle. It's the first time self-driving cars have been made so freely available to the U.S. public and Uber is confident it won't be the last. Jillian Kitchener reports.
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Drop in oil sends Wall Street sliding
U.S. stocks fell sharply on Tuesday, with energy shares slammed by lower oil prices and financials dropping on diminished prospects of a near-term rate hike. Bobbi Rebell reports.
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Google's virtual 'night at the museum'
Exploring the halls and exhibits of the Natural History Museum can now be done from home thanks to a new initiative with Google. Rosanna Philpott reports
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Tuesday, September 13, 2016
Stocks nosedive as global interest rates rise
Stocks stumbled on Tuesday as global bond market interest rates failed to retreat despite lowered expectations of a September rate hike by the Federal Reserve.
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Mercadien's Kamen on why the Fed should "rip off the Band-Aid"
Mercadien Asset Management President Ken Kamen talks with Bobbi Rebell about the Fed's lack of action, why he thinks it is time to raise rates, and why they won't in September.
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GM's Bolt EV races Tesla Model 3
General Motors its new, fully electric car Bolt EV will have 238-mile range, more than Tesla Model 3. Bobbi Rebell reports.
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U.S. incomes up, poverty down
Household incomes rose for the first time in eight years, and the poverty rate fell. But as Fred Katayama reports, the U.S. has ways to go before making a big dent in poverty.
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TrueCar's Min on why Chevy's Bolt will go mainstream
TrueCar's Patrick Min tells Reuters' Fred Katayama that the new Chevy Bolt is a big accomplishment and will have mainstream appeal.
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Alstom and French leaders clash over train plant
Alstom has signalled it will go ahead with plans to shut down manufacturing at its Belfort plant, setting up a confrontation with President Francois Hollande who vowed "everything will be done" to prevent that. David Pollard reports.
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China's world record IPO
State-owned Postal Savings Bank of China (PSBC) has launched an initial public offering in Hong Kong worth up to $8.1 billion, with the vast majority of the deal covered by cornerstone investors. Tara Joseph reports.
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Breakingviews: Wells Fargo's swindle
The California bank's opening of fake customer accounts may not have racked up big fines but may be the most widespread of banking scandals yet, Breakingviews columnists discuss.
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UK inflation holds steady despite Brexit
British inflation unexpectedly holds steady in August, keeping the chance of another Bank of England rate cut on track despite a big rise in raw material costs after June’s vote to leave the European Union. Ivor Bennett reports.
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Record sales for flatpack king IKEA
Sweden's IKEA, the world's biggest furniture retailer, has reported its fiscal full-year sales grew 7 percent to a record 34.2 billion euros ($38.4 billion). As Sonia Legg reports, China and Germany were key markets.
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S&P 500 racks up sharpest rise since July
U.S. stocks racked up their strongest gain in two months on Monday after Federal Reserve Board Governor Lael Brainard stuck to her dovish stance on interest rates. Bobbi Rebell reports.
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Monday, September 12, 2016
Fed's Brainard puts breaks on rate hike
Fed Governor Lael Brainard warned against removing support for U.S. economy. Bobbi Rebell reports.
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Potash, Agrium merge to create $36bln company
The world's biggest crop nutrient company, Potash, is merging with Agrium, North America's largest farm retailer. The deal could draw scrutiny from U.S. regulators. Bobbi Rebell reports.
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Fed speakers dampen September rate hike talk
Three Federal Reserve officials said policymakers were in no rush to raise interest rates, sending markets higher as investors see less of a chance of a September rate hike.
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Breakingviews: Merger of equals signs
A $36 bln Canadian fertilizer deal has the hallmarks of a rare true merger while a $60 bln cross-border gas combo fell short. Richard Beales and Jeffrey Goldfarb discuss.
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Who's got the top job at Monte dei Paschi?
The ECB has reportedly given a preliminary nod to the possible appointment of Marco Morelli, head of Bank of America Merrill Lynch in Italy, as chief executive of ailing lender Monte dei Paschi di Siena. As Hayley Platt reports, if confirmed, he'll have a tough job implementing an emergency rescue plan to avert the risk of being wound down.
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Fed fears fuel stocks selloff
European stocks and bonds fall in a volatile market, hit by growing concerns that global central banks' commitment to the post-crisis orthodoxy of super-low interest rates and asset purchase programmes may be waning. As Ivor Bennett reports, European stock indexes were heading for their biggest losses since June.
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Samsung's smartphone fires singe its brand
Samsung Electronics Co Ltd's shares fall to their lowest level in nearly two months after the tech giant told customers to switch off and return their new Galaxy Note 7 smartphones due to fire-prone batteries. Ryan Brooks reports.
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Sunday, September 11, 2016
Samsung starts Note 7 exchange program
Samsung on Saturday urged users of its Galaxy Note 7 phones to turn in their handsets as soon as possible as part of a recall aimed at limiting the damage caused by the fire-prone devices.
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Saturday, September 10, 2016
"Times are changing, pay your taxes," eurozone chief tells corporations
Eurozone chief Jeroen Dijsselbloem tells multinational corporations to refrain from tax avoidance practices and pay their fair share of taxes. Rough Cut (no reporter narration).
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Wells Fargo to pay $190 mln to settle customer fraud case
The largest U.S. bank by market capitalization will pay $190 million for opening two million deposit and credit card accounts that may not have been authorized. Bobbi Rebel reports.
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Friday, September 9, 2016
U.S. safety watchdog says don't use Samsung's Galaxy Note 7
Owners of Samsung's Galaxy Note 7 smartphones should stop using the devices and turn them off because of the threat of a battery fire, the U.S. Consumer Product Safety Commission said on Friday.
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Dow plunges 400 points on Fed and nuke fears
U.S. stocks sold off on Friday, closing out one of the worst weeks on Wall Street this year, as investor nervousness increased following a nuclear test by North Korea and comments by Federal Reserve officials that hinted at a U.S. interest rate hike is near.
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Wells Fargo Funds's Manley on today's market selloff
John Manley, Chief Equity Strategist at Wells Fargo Funds Management talks with Bobbi Rebell about Friday's sharp selloff and what investors should be watching.
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Troubles mount for Hanjin cargo off California coast
Shipping containers from the bankrupt South Korean firm Hanjin continue to pile up off the west coast, as cargo sits in limbo. Jane Lee reports.
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Dow worst weekly pct drop since first week of year
Wall Street stumbled in the final trading day of the week with the major indexes all losing more than 2 percent. Bobbi Rebell reports.
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Troubles mount for Hanjin cargo off California coast
Shipping containers from the bankrupt South Korean firm Hanjin continue to pile up off the west coast, as cargo sits in limbo. Jane Lee reports.
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China's green car scandal goes up a gear
China's green car subsidy scandal spreads to more than 20 carmakers named and shamed by China's Ministry of Finance, as Hayley Platt reports.
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Struggling to feed families, Venezuelans abandon pets
Venezuelans struggling to feed their families during the country's deep economic crisis are increasingly abandoning dogs because they no longer can afford to care for them. Fred Katayama reports.
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Galaxy plane warning fans flames at Samsung
The US's FAA airline regulator tells passengers not to turn on or charge their Samsung Galaxy Note 7s during flights. As Ivor Bennett reports, some airlines have already banned the use of the smartphones on flights anyway.
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Breakingviews: Deportation economics
Gina Chon and Rob Cox discuss how the costs of Donald Trump's promise to deport 11 million undocumented immigrants outweigh the benefits.
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Data, detonations, Draghi in triple blow to shares
North Korea's nuclear test, sliding German exports and a lack of fresh stimulus signals from the ECB sour the mood for stocks in Asia and Europe. David Pollard reports.
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Apple weighs on stocks, but energy limits losses
U.S. stocks dipped lower on Thursday, with the Nasdaq breaking a four-day streak of gains, after Apple stock fell by its biggest daily percentage decline since June 24th. Bobbi Rebell reports.
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Thursday, September 8, 2016
Russell Investments' Wood on his "sell the rallies" advice
Stephen Wood, Chief Market Strategist at Russell Investments talks with Bobbi Rebell about the markets, and his key concerns about the U.S. equity market.
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Apple sparks worry over iPhone 7 debut
Apple shares fall after saying it won't reveal first-weekend sales figures for the soon-to-be released iPhone 7.
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Barnes & Noble cuts guidance on falling sales
Barnes & Noble reported a bigger than expected drop in sales and loss of more than $14 million for its most recent quarter. Bobbi Rebell reports.
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Will the economy ruin Hollande's plans?
President Francois Hollande has made his clearest indication yet that he intends to run for a second term in office next year. But, as Sonia Legg reports, his record on France's economy may prove his downfall.
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Fatal Netherlands Tesla crash under investigation
Authorities in the Netherlands are investigating a Tesla electric vehicle crash that killed the Dutchman who was driving. They say it took firefighters hours to remove the body from the car because they feared electrocution. Mana Rabiee reports.
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Nintendo shares soar as Mario leaps to mobile
Nintendo announces the debut of Super Mario on the iPhone. Company shares rode high on Wednesday as Ryan Brooks' reports, investors hope Nintendo's got another hit on their hands.
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Food deliverers face eat or be eaten showdown
The mobile meal delivery sector is facing a showdown, with well-funded regional players squeezing out local rivals unable to keep pace in marketing food fights now being waged in cities around the globe. Stuart McDill reports
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Wednesday, September 7, 2016
The iPhone 7 makes global debut
Apple revealed its revamped iPhone and Watch, but the announcement didn't help the stock. Bobbi Rebell reports.
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Nasdaq inches to new high
Stocks were relatively flat on Wednesday, but the Nasdaq managed to eke out a gain, hitting a new record high. Bobbi Rebell reports.
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Goldbean's Jane Barratt on when to buy Apple stock
Goldbean founder and CEO Jane Barratt talks with Bobbi Rebell about the Fed's Beige Book and Apple stock reaction to the new product announcements.
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Wall Street bets on a Chipotle after Ackman investment
Activist investor Bill Ackman will bring operational changes and shake up the board at Chipotle, R.J. Hottovy of Morningstar tells Reuters' Fred Katayama.
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Ackman may push for board changes
Activist investor Bill Ackman may press for changes in the board and the franchising model at Chipotle, say analysts. Fred Katayama reports.
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BoE's Carney "serene" about Brexit warnings
Mark Carney says he's "absolutely serene" about the way the Bank of England warned of a possible Brexit hit to Britain's economy, as he responds to tough questions from UK lawmakers over the central bank's aggressive policy easing in August. David Pollard reports.
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French farmers target Carrefour over beef prices
French cattle farmers have been demonstrating at a Carrefour supermarket in Paris to demand higher beef prices from Europe's biggest retailer. As Hayley Platt reports, beef producers in France have been struggling for years in the face of declining consumption.
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Breakingviews: Un-mergers
Breakingviews editors discuss the record M&A activity in 2015 and why outstanding deals that may not close could make it close to a record year for failed mergers, too.
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Crisis deepens after collapse of Hanjin Shipping
South Korea plans to deploy more than 20 container ships from next week as substitutes for Hanjin Shipping vessels, to contain the fallout from the collapse of the shipper. Hayley Platt reports
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New data, new questions over German economy
German industrial production posts its steepest fall in 23 months in July, in a further sign of faltering output. As David Pollard reports, there are mounting concerns over Europe's largest economy as its leaders begin to eye next year's federal elections.
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Tencent steals Asia's corporate crown
China social media giant Tencent has made it on to the list of the world's most valuable companies, joining Apple, Facebook and Amazon. As Tara Joseph reports, the Shenzhen based firm now plans to move beyond its home base of China to build a global entertainment empire.
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Protesters fight to stop North Dakota oil pipeline
After violent protests, a company agreed to temporarily halt construction of an oil pipeline only in some parts of North Dakota where the tribe says it has sacred sites.
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Ivory Coast evicts farmers to save forests
Thousands of Ivorian farmers and their families have been left homeless, following a government crackdown on cocoa growers farming illegally in Ivory Coast's Mont Peko National Park. Lucy Fielder reports
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Tuesday, September 6, 2016
U.S. companies backing climate change also funding critics
A lack of communications and leadership result in companies sending mixed messages on political issues, Lauren Compere of Boston Common Asset Management tells Reuters' Fred Katayama.
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Peter Kenny on why he says stock valuations are stretched
Global Markets Advisory Group's Peter Kenny talks with Bobbi Rebell about the financial markets and when he believes the Fed will raise rates.
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British Airways hit by protests and check-in woes
Air passengers have had to put up with lengthy delays in Britain after a computer glitch hit British Airways check-ins and protesters from "Black Lives Matter" forced their way on to the runway of London City Airport. Sonia Legg reports
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Enbridge buying Spectra for $28 bln.
The combination will create North America's largest energy infrastructure company and boast revenue of $31 billion. Fred Katayama reports.
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LEGO's building mission to revive U.S. growth
Sales at LEGO grew 10 percent in the first half of 2016 but net profit slipped as it ramps up investment in Asia. As Hayley Platt reports, the Danish toymaker's CFO says the North America market has been difficult
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BA hit by protests and check-in woes
Air passengers have had to put up with lengthy delays in Britain after a computer glitch hit British Airways check-ins and protesters from "Black Lives Matter" forced their way on to the runway of London City Airport. Sonia Legg reports
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Industry data hints at German slowdown
German industrial orders data underline growing concerns that Europe's biggest economy is heading towards an economic slowdown, eking out a smaller-than-expected rise and showing a decline in domestic demand. David Pollard reports.
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Bayer sweetens Monsanto bid - deal close?
Germany's Bayer has raised its offer for Monsanto to $65bn, or $127.50 a share, and says that negotiations to create the world's biggest agricultural seeds supplier are advancing. But will it be enough to seal a deal? David Pollard reports.
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Oil slips towards $47 as output hopes wane
Oil has slipped towards $47 a barrel, falling further from the previous session's one-week high on receding hopes for imminent action to tackle a supply glut. Sonia Legg reports
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Stocks jump as top producers sign oil pact
Saudi Arabia and Russia have agreed to co-operate in oil markets, sending oil prices higher and world stocks up pm hopes the two top producers would work together to tackle a global glut. Sonia Legg reports
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Monday, September 5, 2016
G20 leaders vow to tackle global growth
Leaders from the world's top economies reached a broad agreement at a summit in China to coordinate macroeconomic policies and oppose protectionism. But as Ivor Bennett reports, few concrete proposals emerged to meet growing challenges to globalisation and free trade.
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Zuma facing calls to step down
South African President Jacob Zuma is facing calls from party supporters to step down after the ANC's worst election performance since the end of apartheid in 1994. Ivor Bennett reports.
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More euro zone weakness as engine slows
Euro zone business growth was at its weakest since the start of last year in August, suggesting the bloc's already struggling economy is losing what little momentum it had. As Sonia Legg reports, even Germany services growth slowed more than expected in August suggesting Europe's biggest economy may be losing steam.
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Theresa May tries to repair international ties at G20 summit
British Prime Minister Theresa May attends her first G20 summit and will attempt to mend ties with trading partners shaken by Britain’s vote to exit the European Union. Ashraf Fahim reports.
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Services rebound but UK economy set to slow
Britain's services industry bounced back strongly last month from a slump triggered by June's vote to leave the EU, reducing the liklihood of recession. But, as Hayley Platt reports, overall economic growth still looks set to slow sharply.
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Sunday, September 4, 2016
A gala performance welcomes the G20 to China
China puts on a gala performance for global heads of state attending the G20 summit in Hangzhou. Rough Cut (no reporter narration).
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Obama reaffirms "very special relationship" between US and UK
U.S. President Barack Obama says UK Prime Minister Theresa May is a steady influence during a time of transition post-Brexit. Rough Cut (no reporter narration).
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Wall St advances as U.S. payrolls report falls short
Stocks closed higher for the week after a weaker-than-expected jobs report tamped down expectations for a September rate hike. Bobbi Rebell reports.
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G20 summit kicks off in China
Chinese President Xi Jinping says that risks are accumulating in the global economy from high leverage as G20 summit kicks off in Hangzhou. Rough Cut (no reporter narration).
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Friday, September 2, 2016
China probes U.S. firms
The Chinese government is investigating Didi - Uber and Comcast - DreamWorks deals. Bobbi Rebell reports.
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China probes Uber, DreamWorks on antitrust
Companies should notify Chinese authorities before announcing deals so they don't run into antitrust issues, Savio Chan of U.S. China Partners tells Reuters' Fred Katayama.
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Eric Wiegand on the market reaction to the jobs report
U.S. Bank Senior Portfolio Manager Eric Wiegand talks with Bobbi Rebell about the August employment report and his best investment picks.
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Samsung recalls Galaxy Note 7
Samsung has recalled all Galaxy Note 7 smartphones equipped with batteries that are fire-prone.
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Gold's golden rally
Gold has risen nearly 24 percent this year, and analysts see it going higher. But the precious metal may be better as a trade than an investment, as Fred Katayama reports.
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As sanctions ease, European carriers land in Iran
The first British Airways direct flight from London landed in Tehran on Friday following nearly four years of suspension.
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Deutsche Bank chiefs gather for strategy rethink
Deutsche Bank chiefs are reported to be holding a special weekend gathering on how to speed up cuts at Germany's biggest lender as it grapples with low rates and lower revenues. Axel Threlfall reports.
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Breakingviews: Drugmakers' D.C. dealing
As Congress prods Mylan over EpiPen in the latest probe on prescription prices, the pharmaceutical industry's massive lobbying spend gets put to the test. Gina Chon and Jeffrey Goldfarb discuss.
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Irish cabinet sides with Apple over tax
Amid signs of strain on its fragile coalition, the Irish cabinet has decided to join Apple's appeal against the EU's 13 billion euro tax demand. Ivor Bennett reports.
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U.S. adds 151,000 jobs in August
Job growth slowed much more than expected. Economists say it could rule out an interest rate hike this month, as Fred Katayama reports.
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Hiring slowdown cuts chance of September rate hike
The addition of 151,000 jobs in August and a slight gain in average hourly earnings decreases pressure on the Federal Reserve to raise rates later this month.
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UK construction rebuilding its fortunes?
Britain's construction industry appears to be in recovery mode after a Brexit bruising. But, as Hayley Platt reports, the outlook for the UK's traditionally red hot property market is still far from certain.
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Global waves from Hanjin shipping crisis
The ripples from the collapse of South Korean container giant Hanjin spread wider and wider as nearly half its ships are turned away from ports worldwide and US retailers urge their government to take steps to minimise disruption. David Pollard reports.
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Thursday, September 1, 2016
Election likely to be biggest impediment to Fed- Saccocia
Shannon Saccocia of Boston Private Wealth talks with Bobbi Rebell about the markets and why she believes the timing of the Presidential election is likely to be a big impediment to the Fed moving.
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Wal-Mart plans early layaways
The U.S. retailer hopes to get a head start on the holiday shopping season with sales driven by "Star Wars" toys. Conway Gittens reports.
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Power struggle over gearing up electric car sales
A power struggle is building up over how to boost the sales of electric cars in California, the state so far most advanced in developing clean energy technology.
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SpaceX rocket explodes in test firing
The blast shook buildings miles away. Elon Musk's company said no one was injured. Zach Goelman reports.
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Samsung's $7 billion dollar bang
Samsung's market cap take a $7 billion dollar hit on reports that exploding batteries forced the delay of shipments of Galaxy Note 7 smartphones. Ryan Brooks reports.
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Spain heads for third election in a year
Spain's image as a star euro zone performer gets battered again by its repeated failure to form a viable government. As Mia Reakes reports, a new election looms after acting prime minister Mariano Rajoy lost his confidence vote in parliament.
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Stocks finish August lower on weak energy
U.S. financial markets were lower on Wedneday, as oil weighed on stocks. For the month, the major indexes were mostly lower, though the Nasdaq posted gains. Bobbi Rebell reports.
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