Friday, March 31, 2017

Boeing puts the biggest Dreamliner to the test

Boeing's newest and largest Dreamliner model, the 787-10, took off successfully on its first flight on Friday, but questions remain about how the world's biggest planemaker plans to perk up lackluster sales.

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Stocks edge lower

Stocks fell on the last day of the first quarter, but the S&P 500 notched its strongest quarterly performance since the last quarter of 2015. Fred Katayama reports.

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Breakingviews TV: Hollywood drama

Stagnant ticket sales, competition from streaming services, studio turmoil: Jen Saba and Tom Buerkle discuss the litany of woes plaguing the movie industry.

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SpaceX launches first recycled rocket

SpaceX Falcon 9 blasted off from Florida on Thursday in the first successful launch of a recycled rocket, a feat that may open an era of cheaper space travel. Fred Katayama reports.

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EU offers Brexit trade talks, sets tough terms

Talks between the European Union and Britain to negotiate the country's exit will be difficult and sometimes confrontational, EU Council President Donald Tusk said on Friday, adding that there would be no parallel talks on issues outside of that. Scarlett Cvitanovich reports.

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Spain waves off austerity with compromise budget

Spain's minority government unveiled a pay rise for public workers and more spending on social measures in a delayed draft budget for 2017 on Friday, steering further away from years of austerity as it tries to win opposition support for the bill. Rosanna Philpott reports.

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Berlin to benefit from Brexit wave?

British web design start-up MBJ says it sped up its expansion to Germany after the Brexit vote and the "uncertainties it brought" and that Berlin has potential to snatch away the title of "start-up capital" from London. But as Laura Frykberg reports, some other expats in Berlin feel less secure about the outlook as Britain begins its divorce from the EU.

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Australian payments win is fruitful for Apple

Apple wins a victory in its global fight to prevent banks from introducing their own mobile payment services on Apple devices, as an Australian regulator bars lenders from bargaining collectively for access. Ciara Lee reports.

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Thursday, March 30, 2017

Worst day in 8 years for Lululemon stock

A fashion misstep is costing Lululemon investors $2 billion in market value as the stock tumbles following a disappointing sales forecast from the luxury athletic wear retailer.

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Jack in the Box inks DoorDash delivery deal

Jack in the Box starts offering delivery services at more than 800 of its locations as McDonald's and Panera Bread weigh their own delivery options. Fred Katayama reports.

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Breakingviews TV: Mexico railroads U.S.

Miner outfit Grupo Mexico is paying $2.1 bln for a Florida railway. Martin Langfield and Tom Buerkle discuss how the U.S.-Mexican relationship is not all one-way traffic, wall or no wall.

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SpaceX to launch first reused rocket

SpaceX plans to launch a Falcon 9 rocket that has flown before, a key step in billionaire entrepreneur Elon Musk's quest to cut the cost of space flight. Fred Katayama reports.

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ECB policymakers want to stick to plan

The ECB needs to stick to its already laid out policy path, several policymakers argued on Thursday, as they rallied together after small guidance tweaks upset investors and raised the spectre of surging borrowing costs for the bloc's indebted periphery. David Pollard reports.

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Toshiba: shareholders OK chip unit sale, angry EGM

Toshiba shareholders agree to split off its prized NAND flash memory unit, paving the way for a sale to raise at least $9 billion to cover U.S. nuclear unit charges that threaten the conglomerate's future. As David Pollard reports, some shareholders are deeply unhappy at the direction the company is taking.

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Can Britain seal trade deal in 2-year time frame?

Britain heads towards the complexities of its Brexit negotiations with an ambitious target of concluding an exit deal and trade terms within two years. But is that feasible, given just how much is at stake for both sides? Ivor Bennett reports.

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Wednesday, March 29, 2017

White collar jobs at risk of automation

BlackRock is removing some active managers to let computer do more of the stock picking. As Fred Katayama reports, the rise of automation could kill other white collar jobs.

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Energy, consumer shares lift S&P 500 to slight gain

The benchmark S&P 500 eked out a gain as strength in the energy and consumer sectors offset declines in financial shares and investors began looking ahead to first-quarter earnings season. Fred Katayama reports.

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Deutsche Boerse, LSE merger struck down

An attempted merger between the German and British stock exchanges was struck down by European regulators on Wednesday, formally ending a deal that unravelled in the wake of Britain's vote to leave the European Union. Laura Frykberg reports

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Breakingviews TV: EU’s antitrust future

European regulators told DuPont to hive off its R&D labs under its merger with Dow Chemical. Rob Cyran and Tom Buerkle discuss why trustbusters are focusing more on tomorrow’s competition.

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Firms issue Brexit warnings

Ford urged Britain to ensure any Brexit deal would offer tariff-free trade as Britain formally began its divorce proceedings from the EU. Fred Katayama reports.

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A scramble at Cisco shows U.S. cyber defense neglect

A recent scramble at Cisco to patch software vulnerabilities after the Wikileaks’ data dump of CIA spying tools, illustrates the problem with the U.S. government’s cyber security game plan.

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Britain begins Brexit

Brexit officially begins with the UK Prime Minister Theresa May sending Brussels a letter formally notifying the EU that it is beginning the exit process. Mia Womersley reports.

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Brexit Britain: Buy or sell?

Britain, buy or sell? Investors, traders and economists weigh up whether the UK is a viable place to hold assets as it takes the first formal step on an uncertain Brexit journey. And as Laura Frykberg reports, some UK-based companies may also take a second look.

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Sterling falls as UK's May triggers Brexit

European shares start positively but sterling wobbles as Brexit casts a shadow over currency markets after UK prime minister Theresa May presses the formal trigger on Britain's divorce with the EU. Ivor Bennett reports.

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Tencent deal boosts Tesla's China hopes

China's Tencent Holdings buys a 5 percent stake in U.S. electric car maker Tesla for $1.78 billion, the latest investment by a Chinese internet company in the potentially lucrative market for self-driving vehicles and related services.

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Tuesday, March 28, 2017

Trump kills Obama-era climate policies

U.S. President Donald Trump signed an executive order to undo Obama-era climate change regulations that his administration says are hobbling oil drillers and coal miners. Fred Katayama reports.

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Wall Street posts sharp gains

The Dow snapped its eight day losing streak. As Fred Katayama reports, strong consumer data fueled shares.

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Facebook adds camera features

Facebook is giving the camera a central place on its smartphone app, encouraging users to take more pictures and edit them with digital stickers, just like rival Snapchat. Fred Katayama reports.

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Breakingviews TV: Climate winds change

President Donald Trump is rolling back global-warming considerations in U.S. energy policy, but Richard Beales and Jeffrey Goldfarb discuss why scientists and investors have momentum on their side.

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Consumer confidence surge ends Wall St. losing streak

U.S. stocks posted sharp gains on Tuesday, with bank and energy stocks surging, as data showed U.S. consumer confidence soaring to a more than 16-year high.

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France race: Macron ahead as le Pen argues Frexit

A poll on Tuesday showed centrist Emmanuel Macron would trounce far-right leader Marine Le Pen should the pair face each other in a run-off for the French Presidency, as the main candidates presented their economic programmes to business leaders. Ivor Bennett reports

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South Africa's Gordhan says still finance minister

The South African rand trims its losses as Finance Minister Pravin Gordhan flies back into South Africa after his abrupt recall by President Zuma. But as David Pollard reports, media speculation that Gordhan was about to be sacked kept it sharply down against the dollar.

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Tesco fined £129m for black hole balance sheet

Britain's biggest retailer Tesco has agreed to pay £214 million ($269 million) in fines and compensation for investors to settle a probe over a 2014 accounting fraud that sparked the biggest crisis in its near 100-year history. Rosanna Philpott reports.

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Saudi Arabia cuts Aramco tax in IPO sweetener

Saudi Arabia's government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company's initial public offer of shares next year, which is expected to be the world's largest equity sale. Laura Frykberg reports.

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New £1 'most secure coin in the world'

Britain's Royal Mint launches new £1 coins with a 'hidden' security feature after one in 30 is estimated to be a counterfeit. Emily Withers reports.

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Trump trades lose their Wall Street magic

The Dow fell for the eighth day in a row, the longest losing streak since 2011, as investors scale back expectations for stocks believed to benefit under the Trump administration

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Mixed messages on eve of Brexit

With a day to go before UK prime minister Theresa May triggers Article 50 to start separation talks with the EU, the Bank of England is warning UK banks to prepare themselves in case of a disorderly Brexit. But, as Ivor Bennett reports, the eve of Brexit also attracts a vote of confidence from Qatar as its sovereign wealth fund pledges over $6 billion in investment in Britain.

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Monday, March 27, 2017

Brazil expresses 'relief' over meat ban lift

Brazilian politicians expressed "relief" after China, Egypt, and Chile lifted a ban on imports of meat from Brazil, country's third-largest export. Fred Katayama reports.

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Breakingviews TV: Kushner's business

Rob Cox and Tom Buerkle discuss how business ideas can sometimes make government better and why Jared Kushner, Donald Trump's son-in-law, probably isn't the person to make that happen.

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Wall St off as Trump agenda weighed

The S&P 500 cut earlier losses to end slightly lower, while the Dow declined for an eighth straight session, as investors assessed how the defeat of President Donald Trump's first major legislative action would impact the rest of his agenda. Fred Katayama reports.

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Brexit pressure for British PM

British manufacturers have told Prime Minister Theresa May to drop her threat that she might take the country out of the European Union without a new trade deal. It comes as May meets with Scotland’s First Minister, Nicola Sturgeon. Ciara Lee reports.

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Uber suspends self-driving program

Uber Technology suspends its self-driving car program after an early model crashed on an Arizona roadway. Fred Katayama reports.

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Could French elections rock the bloc?

With just four weeks to go before voting gets underway in France, Ivor Bennett reports on the political divisions in Europe and how they threaten to shake up the EU.

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United Airlines under fire over "Leggings-gate"

United Airlines responds to a series of viral tweets that allege the company prohibited two girls from boarding a flight because they were wearing leggings, telling customers, "your leggings are welcome," but not for special pass riders. Linda So reports.

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Markets hit by healthcare flop

European shares fall, hit by losses among miners and banks after U.S. President Donald Trump's failure to pass his healthcare bill raised worries over the his ability to deliver on fiscal stimulus plans. Laura Frykberg reports on how investors are viewing both Trump and Britain's plan to trigger Article 50 on Wednesday.

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Uber halts driverless car program after crash

Uber suspended its pilot program for driverless cars on Saturday after a vehicle equipped with the nascent technology crashed on an Arizona roadway.

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Sunday, March 26, 2017

Trump rehashes Charter announcement

The 20,000 jobs that President Trump announced Friday Charter would add was announced by the cable company two years ago. Fred Katayama reports.

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Friday, March 24, 2017

Wall Street dips in dramatic session

Stocks pared their losses after Republicans pulled their bill to overhaul the healthcare system. As Fred Katayama reports, the Dow extended its losing streak to a seventh day.

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Timing could be wrong for Keystone XL pipeline - analyst

Getting Keystone XL pipeline started is a "fantastic idea," says Bob Yawger, director of futures division at Mizuho Americas, but he adds he isn't sure whether the United States needs extra barrels. Fred Katayama reports.

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Trump pulls healthcare bill

U.S. President Donald Trump and Republican leaders pulled legislation to overhaul the U.S. healthcare system. Fred Katayama reports.

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Trump sets Keystone pipeline construction in motion

The U.S. State Department has approved the permit needed to proceed with construction of the Canada-to-United States Keystone XL oil pipeline, a project blocked by former President Barack Obama.

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Bankruptcy filing for Westinghouse

Toshiba plans for its nuclear unit, Westinghouse electric, to file for bankruptcy and the end of this month, sources tell Reuters. Fred Katayama reports.

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Credit Suisse CEO pockets $12mln despite losses

Credit Suisse CEO Tidjane Thiam's pay for his first full year in the job swelled to $12 million, while bonuses rose 6 percent despite back-to-back annual losses at Switzerland's second-biggest bank. Ivor Bennett reports.

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Breakingviews TV: Painting a deal

Jeffrey Goldfarb and Richard Beales discuss U.S.-based PPG's $24 billion interest in Dutch paints giant Akzo Nobel, and why the target would summarily reject a buyer already offering too much.

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Banks: RBS cuts, Deutsche househunts in London

RBS is to take around 180 bank branches off UK and Irish high streets but a signal of faith in Brexit Britain comes from Deutsche Bank. As Ciara Lee reports, the German lender has begun negotiations for a lease on a new building in the City of London.

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Trouble for Uber India as driver perks dwindle

Life was good for India's Uber drivers when they got to enjoy various sweeteners used to draw them in. But as Aditi Shah reports, now they're drying up, it's bad news for the the guys behind the wheel as well as the company.

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Twitter flirts with subscription-based model

Facing slowing user and revenue growth, Twitter says it's is mulling a subscription-based model aimed at professionals - an apparent hail-Mary effort to help the company finally turn a profit.

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Markets on alert for 'Trump tantrum'

Markets wait with baited breath ahead of a delayed vote on President Donald Trump's healthcare bill. As Ivor Bennett reports, it's being seen as a key test for the new administration - with some seeing stock markets as ready for a pullback if it fails.

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BOJ's Kuroda: 'no reason' to withdraw stimulus

Bank of Japan governor Haruhiko Kuroda says there is "no reason" to withdraw the bank's massive monetary stimulus since inflation remains far from its 2 percent target. David Pollard reports.

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Wall Street frets as House delays healthcare vote

U.S. stocks gave up all the day’s gains Thursday with investors nervous about President Donald Trump’s ability to deliver on his first legislative fight - healthcare reform.

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Thursday, March 23, 2017

Trump struggles to win Obamacare repeal

U.S. President Donald Trump made a final push on Thursday to win over skeptical members of his own Republican Party to begin dismantling Obamacare. Fred Katayama reports.

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Stocks dip on health bill vote delay

Wall Street's gains turn to losses in the late afternoon Thursday as investors worry about President Trump's ability to deliver on his policy agenda.

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Israeli medical cannabis firms aim for new high

Israel is attracting international investors as it positions itself as a cutting-edge exporter for medical-grade cannabis to a global market that could reach $50 billion by 2025. David Pollard reports.

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AT&T, Verizon join Google ad boycott

AT&T, Verizon and Johnson & Johnson abruptly pulled their ads from YouTube and other Google platforms - the latest companies to do so over growing concerns their ads are running alongside videos promoting terrorism and hate.

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Inflation makes German consumers nervous

German consumer sentiment unexpectedly fell to its lowest level in five months going into April, partly due to people's concerns that rising inflation will erode their purchasing power. Sonia Legg reports.

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UK retail sales slide in three months to February

British retail sales in the three months to February recorded their biggest slide in nearly seven years as higher fuel prices eroded shopper's disposable income. David Pollard reports.

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Google backlash widens

Johnson & Johnson joined Verizon and AT&T in suspending digital advertising on Google's YouTube site over concerns their ads run next to offensive videos. Fred Katayama reports.

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Sears doubts its survival

The iconic American retailer stock plummeted after warning it has "substantial doubt" about its business future. As Fred Katayama reports, some shoppers hold the retailer dear.

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Wednesday, March 22, 2017

Wall Street closes mixed

The S&P 500 ended up slightly as investors focused on President Donald Trump's struggle to push through a healthcare bill and snapped up stocks after a steep drop the day before. Fred Katayama reports.

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Amazon to buy e-commerce site Souq

Amazon is going shopping in Dubai. Sources tell Reuters the U.S. e-commerce giant has agreed in principle to buy 100% of one of the Middle East's best-known names in online shopping Souq.com.

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Akzo Nobel rejects PPG again

Dutch paints and coatings maker Akzo Nobel rejected an improved $24.1 billion takeover proposal from U.S. rival PPG Industries. Fred Katayama reports.

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U.S. existing home sales fall

U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining potential buyers. Fred Katayama reports.

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Market 60: Trump sparks stock slide

Global equities tumble after investors start to worry whether Trump's economic policies will ever be implemented.

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Chinese supermarkets pull Brazil meat

Some of China's largest food suppliers have pulled Brazilian beef and poultry from their shelves in the first concrete sign that a deepening scandal over Brazil's meat processing industry is hitting business in its top export market. Ivor Bennett reports.

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Breakingviews TV: Petrobras shows way

The state-owned oil firm returned to the black in the fourth quarter. Martin Langfield and Tom Buerkle discuss the reforms behind the turnaround, and what they portend for Brazil’s recovery.

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London's black cabs turning green

The Chinese-owned maker of London's black cabs has opened a new factory in central England to produce electric taxis which it also hopes to sell overseas for the first time to cities keen on the famous brand and concerned about pollution. Ciara Lee reports.

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Fiat Chrysler shares fall on emissions probe

Shares in Fiat Chrysler fell as much as 4 percent, after news that French prosecutors have opened a formal investigation into the carmaker over allegations that it cheated in diesel emission tests. Ivor Bennett reports

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Brexit banks may get easier euro zone entry: ECB

Banks looking to move from Britain to the euro zone after Brexit may be given an expedited entry, with supervisors willing to spare them from a lengthy initial test of their risk models, a top European Central Bank official said on Wednesday. David Pollard reports.

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Iconic retailer Sears warns it may close shop

After years of declining sales and revenue, iconic retailer Sears warning it may close its doors for good.

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Trump tax cut doubts hit stocks, dollar

Growing doubts that President Trump will be able to deliver on a promise of tax cuts that has powered stocks markets to record highs has pushed shares lower. And, as David Pollard reports, Japan's growing exports may also raise tensions in the face of rising U.S. protectionism.

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U.S. farmers call to avoid Mexico trade war

Farmers in the U.S. agricultural heartland that helped elect Donald Trump are now pushing his government to avoid a trade dispute with Mexico.

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Stocks sink as faith in Trump begins to wane

Wall Street had its worst day since September as confidence in President Trump's ability to deliver on his tax cuts and other economic stimulus policies were in doubt as he fights to get through Republican changes to healthcare.

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Tuesday, March 21, 2017

Margie Patel: Get set for a Spring correciton

Look for a 5 to 10 percent correction, Wells Fargo Asset Masnagement's Margie Patel tells Reuters' Fred Katayama.

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Wall Street sinks on tax cut fears

Investors worried that President Trump will struggle to deliver promised tax cuts. As Fred Katayama reports, the Dow and S&P 500 had their worst one-day performances since October.

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Apple unveils new iPad, updated iPhone

Apple unveiled a cheaper iPad with a brighter screen, updated iPhone SE, and relased a special edition iPhone 7. Fred Katayama reports.

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EU ministers warn on trade after 'surreal' G20

EU finance ministers gather in Brussels amid concerns over the future of free trade following recent G20 meeting. David Pollard reports.

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Bailout impasse renews Greece euro fears

Greece will not last in the eurozone in the long run and officials working on a review of its bailout package should prepare for such a possibility. That's the view of one German politician as bailout talks again fail to reach any conclusion. Ivor Bennett reports

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Geneva Motor Show 2017 - Part Two

Will Dalton and Vanessa Cuddeford present highlights of the Geneva International Motor Show including a look at alternative fuels and a flying concept car from Airbus.

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Geneva Motor Show 2017 - Part One

Will Dalton and Vanessa Cuddeford present highlights of the Geneva International Motor Show including new model launches and a look at the very latest automotive technology.

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BMW, Porsche eye higher profit despite uncertainty

BMW aims to achieve record sales volumes, revenues and earnings this year by ramping up SUV production. As Sonia Legg reports, it's German rival Porsche also expects a jump in profits this year as VW pushes to overcome its diesel emissions scandal.

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UK inflation shoots past Bank of England target

British inflation last month shot past the Bank of England's 2 percent target for the first time since the end of 2013 and looks set to climb further due to the Brexit hit to the pound and rising global oil prices. David Pollard reports.

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French election debate lifts euro but markets wary

The euro hits a six-week high and French bonds and stocks rally as centrist Emmanuel Macron solidifies his status as the frontrunner in France's presidential election after a strong performance in a televised debate. But as Ivor Bennett reports, markets are not betting against a shock result yet.

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Monday, March 20, 2017

Google apologises over YouTube ad placements

Google has apologised for allowing ads to appear alongside offensive videos on YouTube as more high-profile firms such as Marks & Spencer and HSBC pulled advertising for British markets from Google sites. Ivor Bennett reports

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'Beauty and the Beast' makes $170 million

Disney's new movie 'Beauty and the Beast" made an estimated $170 million in domestic ticket sales in its debut, the seventh largest opening weekend ever. Fred Katayama reports.

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Battle over MoneyGram

The electronic payments giant says Euronet's $1 billion cash offer could result in a superior proposal. As Fred Katayama reports, if it determines that to be the case, Ant Financial would have four days to decide whether to up its ante.

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UK to pull Brexit trigger on March 29

Prime Minister Theresa May will trigger Britain's divorce proceedings with the European Union on March 29, launching two years of negotiations that will reshape the future of the country and Europe. As Sonia Legg reports, sterling slipped from a three-week high against the dollar after the announcement.

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Stakes high as Deutsche Bank's capital hike looms

Deutsche Bank, which is seeking to raise 8 billion euro ($8.6 billion) from shareholders, has predicted that group revenues would be steady in 2017 as it reported a strong start to the year in bond trading. But, as Sonia Legg reports, shares in Germany's largest bank still fell after it gave details of its capital increase on Sunday and followed up with its annual report.

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Breakingviews TV: Duopoly money

Google is getting squeezed in Britain over ad policies while Facebook faces outcries over fake news. Jen Saba and Jeffrey Goldfarb discuss the mounting pressure on the duo's digital dominance.

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Vodafone, Idea in $23bln Indian merger

Britain's Vodafone Group and Idea Cellular have agreed to merge their Indian operations in a $23 billion deal, creating the country's biggest telecoms business after the entry of a new rival sparked a brutal price war. As Ivor Bennett reports, the combined entity would have almost 400 million customers.

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G20's protectionism shift hits stocks

World markets baulk at the G20's decision to drop a decade-old pledge to resist trade protectionism, with stocks, the dollar, oil and the price of many major sovereign bonds all sliding into the red. Silvia Antonioli reports.

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Sunday, March 19, 2017

Trump and Merkel discuss trade

U.S. President Donald Trump said he expected the United States to do "fantastically well" in trade with Germany. German Chancellor Angela Merkel said she hopes for a trade agreeement between the U.S. and EU. Fred Katayama reports.

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Friday, March 17, 2017

S&P 500 dips; Nasdaq flat

Falling bank shares were offset by a jump in tech stocks. As Fred Katayama reports, Wall Street finished Friday flat.

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Amgen drug stops heart attacks but fails to woo investors

Amgen proved in a large-scale clinical trial that it's Repatha drug lowers the risk of heart attacks and strokes, but Wall Street still was unhappy with the results.

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Former UK finmin Osborne to edit London newspaper

Former British finance minister George Osborne is appointed as new editor of London's Evening Standard newspaper by its Russian owners. David Pollard reports.

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Take some profit on bank stocks, says Ken Kamen

Mercadien Asset Management's Ken Kamen tells Reuters' Fred Katayama what the Fed's rate comments mean for bank stocks' prospects.

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Breakingviews TV: Battery-free chicken

Rob Cyran and Tom Buerkle discuss a new technique for growing poultry meat in a vat. It ticks the environmental and humane boxes, but faces a chicken-and-egg problem in getting to market.

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Will G20 talk trade?

The world's financial leaders will renounce competitive devaluations and warn against exchange rate volatility, but they have not yet found a common stance on trade and protectionism, a draft statement of their meeting in Germany showed on Friday. Ciara Lee reports.

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Tiffany sales sparkle in Asia

Strong demand for jewelry in Asia offset a decline in the U.S. to lift quarterly sales at the upscale retailer. Fred Katayama reports.

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Tightening the talk on Europe's markets

European shares pause after their recent high but banks outperform as investors ratchet up expectations for an ECB rate rise in December. Has this week's Fed hike called time on global easing? David Pollard reports.

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EU demands changes from Facebook, Google, Twitter

European consumer protection authorities are taking aim at media companies Facebook, Alphabet and Twitter, asking them to amend their terms of service or possibly face fines. Ciara Lee reports.

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California goes for clean car standards

California plans to move ahead with tougher car pollution rules as President Donald Trump calls for the EPA to review and possibly dial back car fuel efficiency standards. Fred Katayama reports.

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Latin Americans up in arms as economy sinks

Angered protesters have been taking to the streets of Latin America among rising frustration at the dire state of its economies and mounting discontent with its politics. Silvia Antonioli reports on this week's key events shaping investor sentiment towards the continent.

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Thursday, March 16, 2017

Wall Street ticks lower

Healthcare stocks dragged Wall Street lower. As Fred Katayama reports, President Trump's budget cuts soured investors on the prospects for healthcare stocks.

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U.S. Catholics can eat beef on Paddy's Friday

Dozens of U.S. Catholic church leaders grant dispensations to Lent-observing church members to eat beef this St. Patrick's Day. Fred Katayama reports.

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G20: Germany's 'isolationism' warning

Amid talk of protectionism and trade barriers, central bank chiefs and finance ministers are preparing for this weekend's G20 summit in Germany. As Sara Hemrajani reports, the host nation is warning against policies that would harm globalisation.

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New bank note for the euro zone

The European Central Bank introduces a new 50 euro bill which the German central bank presents at its headquarters in Frankfurt. David Pollard reports.

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Breakingviews TV: Fed's engine-tuning

The U.S. central bank raised its benchmark interest rate for the second time in three months. Tom Buerkle and Jeffrey Goldfarb discuss what it means for expanded consumer balance sheets.

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"Fat tax" on junk food

PepsiCo, Nestle and others are plotting way to fight back as India seeks higher taxes and stricter labeling on fatty or sugary foods. Samantha Vadas reports.

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Saudi China visit yields $65 billion trade deals

Saudi Arabia's King Salman oversees the signing of up to $65 billion worth of deals on the first day of a visit to Beijing on Thursday, as the world's largest oil exporter looks to cement ties with the world's second-largest economy. Silvia Antonioli reports.

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Fed's "dovish hike" sends shares to record highs

World stock indexes surged to record highs on Thursday while the dollar traded close to a one-month low after the Federal Reserve hiked U.S. interest rates but signalled no pick-up in the pace of tightening, and Europe breathed a sigh of relief over Dutch election results. Ivor Bennett reports.

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Fed to keep rate hikes slow

The Federal Reserve raised interest rates and signaled it will stick to a gradual path of future hikes. Roselle Chen reports.

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Policy gap: BOJ stays loose, PBOC tightens

The Bank of Japan keeps policy steady as the Fed sticks to its rate-hike path but China follows the Fed by lifting short-term rates to steady the yuan. Sara Hemrajani reports.

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Wednesday, March 15, 2017

Fed chair Yellen announces interest rate hike

Federal Reserve Chair Janet Yellen announces an interest rate hike of 25 basis points for the second time in three months, but does not flag any plan to accelerate the pace of monetary tightening. Rough Cut (no reporter narration).

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Stocks rally on Fed rate hike

Stocks and bonds moved higher after the Federal Reserve hiked interest rates by a quarter percentage point as expected. Fred Katayama reports.

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U.S. gov't indicts spies, hackers in Yahoo breach

The Justice Department indicted two Russian spies and two criminal hackers for allegedly breaching 500 million Yahoo user accounts in 2014. Fred Katayama reports.

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U.S. indicts Russian spies for Yahoo hack

The U.S. government, Wednesday unsealed charges against two Russian spies and two criminal hackers for allegedly pilfering those accounts.

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Texting your smart home appliances

A Singapore firm working with the big tech companies and manufacturers has come up with a service that allows people to text their household appliances. Sara Hemrajani reports.

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Fed hikes rates as economy gathers steam

The Federal Reserve raised interest rates for the second time in three months as strong monthly job gains, an increase in business spending and a rise in inflation close to the Fed's desired level point to a strengthening economy.

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Breakingviews TV: Unicorns’ IPO prance

Snap burned public-market investors but opened the floodgates for similarly high-valued private tech firms like Yext, Okta and MuleSoft, columnist Robert Cyran tells Rob Cox.

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Lufthansa agrees deal on pay and pensions

Lufthansa and its pilots' union have reached a wide-ranging agreement on pay, pensions and working practices, bringing an end to years of wrangling and strikes and boosting shares in the German group. Ciara Lee reports.

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Markets brace for Fed - more hikes ahead?

Markets focused on what is expected to be a third rise in U.S. interest rates since the financial crisis later on Wednesday, while in Europe the Dutch election got underway, starting a period of political uncertainty for the EU. David Pollard reports

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Zara owner continues emerging market boom

The world's biggest clothing retailer, Zara-owner Inditex, has reported a 10 percent jump in annual net profit as strong growth in emerging markets and increased online presence outweighed negative currency effects. Ciara Lee reports.

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Power plant spinoff burns a hole in E.On's books

German utility E.ON will shed assets and cut jobs to reduce its debt pile, after impairments on its former power plant unit Uniper triggered a 16 billion euro net loss, more than its current market value. Sara Hemrajani reports.

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Energy drags Wall Street lower

Falling oil prices dragged down stocks on Tuesday ahead of an expected interest rate hike by the Federal Reserve on Wednesday. Fred Katayama reports.

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Tuesday, March 14, 2017

New deals as Saudi King courts Japan

Saudi Arabia and Japan have signed agreements to cooperate on manufacturing, energy and finance as Saudi King Salman visits Tokyo. As David Pollard reports, there could be bigger prizes at stake for Japanese exporters - and for a Saudi economy determined to end its dependence on oil.

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Ackman takes $3 bln loss dropping Valeant

Billionaire investor William Ackman sold his entire stake in Valeant, losing more than $3 billion. Fred Katayama reports.

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Sugar trade spat between U.S. and Mexico

Mexico would seek to block U.S. high-fructose corn syrup from entering Mexico if the United States imposes any tariffs on Mexican sugar, the head of Mexico's sugar industry association said on Monday. Laura Frykberg reports.

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BoE's Hogg resigns over failure to flag conflict of interest

Bank of England Deputy Governor Charlotte Hogg has resigned for failing to declare a potential conflict of interest about her brother's role at a leading bank which had prompted a fierce rebuke from lawmakers. David Pollard reports.

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Wall Street looks beyond Fed meeting

With a March rate hike considered a near certainty, investors are looking ahead to the key question: how many times will the Fed raise rates this year? Fred Katayama reports.

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Volkswagen leaves door open to Fiat talks

Volkwagen has left the door open to potential tie-up talks with Fiat Chrysler, as a drop in operating profit at its biggest car brand showed the challenges it still faces 18 months on from its emissions scandal. Sonia Legg reports

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Samsung boss can still pull the strings from prison

Samsung chief Jay Y. Lee may be in a jail cell, but he's allowed plenty of visitors, which could allow him play a key role in corporate decision-making from behind bars. Ryan Brooks reports.

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Capturing trends is big business at International Beauty Show New York

More than 500 professionals showcase their trendiest products at the International Beauty Show New York, a showcase that's part of a $300 billion industry worldwide. Fred Katayama reports.

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Monday, March 13, 2017

France's Fillon on the defensive...again

Francois Fillon's party has apologised for tweeting a caricature of French election rival Emmanuel Macron that Fillon himself admitted was anti-Semitic, adding to a row of controversies around his campaign. Axel Threlfall reports.

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Wall Street ends flat

Investors refrained from making big moves Monday ahead of the interest rate decision Wednesday by the Federal Reserve. Fred Katayama reports.

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Intel shifts into fast lane with $15B Mobileye buy

U.S. chipmaker Intel agreed to buy Israeli driverless car-technology firm Mobileye for $15.3 billion on Monday, positioning itself for a dominant role in the fast-moving autonomous-driving sector.

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Tourists head back to Europe, and investors follow

Tourists are heading back to Europe, and the recovery is showing up in everything from rising hotel bookings to tax-free shopping and air traffic, leading to a brighter earnings outlook for travel and leisure companies. Laura Frykberg reports.

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Iceland to end capital controls after 8 years

Iceland's finance ministry says it is about to lift the capital controls that have been in place since the financial crisis in 2008, easing restrictions on households and businesses. Sonia Legg reports.

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Oil price dips as U.S. drills for more

Oil prices have dropped to their lowest in three months despite OPEC efforts to curb crude output, dragged down as U.S. drillers kept adding rigs. Laura Frykberg reports

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Is HSBC's 'outsider' chairman a good move?

HSBC shares have risen after Europe's biggest bank tapped an outsider, Mark Tucker, for its top job. As Sara Hemrajani reports, the search may now also be on for a new CEO who could join the lender next year.

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HSBC breaks with tradition in appointing new chairman

HSBC taps an outsider for its top job, appointing insurance veteran and AIA Group boss Mark Tucker as chairman to replace Douglas Flint. Samantha Vadas reports.

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Berlin ground staff strike, flights cancelled

Berlin airport workers strike again over pay after around 1,000 flights out of and to Berlin were cancelled last week because of industrial action. Rough Cut (no reporter narration)

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Sunday, March 12, 2017

Bitcoin plunges after shocking SEC rejection

The price of bitcoin plunged from record highs Friday after the Securities and Exchange Commission denied a request for the first bitcoin exchange-traded fund, which could have prompted greater investment in the digital currency.

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Friday, March 10, 2017

Wall Street inches up on jobs report

Stocks rose after a strong February jobs report. But as Fred Katayama reports, the S&P 500 snapped its six-week winning streak.

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Volkswagen pleads guilty in U.S. court

Volkswagen pleaded guilty on Friday to three felony counts as part of a $4.3 billion settlement reached with the Justice Department over diesel emissions scandal. Fred Katayama reports.

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Strong jobs report points to rate hike

U.S. employers hired more workers than expected in February, wages grinded higher, setting stage for the Federal Reserve to raise interest rates. Fred Katayama reports.

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Nigeria's Buhari comes home to economic challenges

Nigerian President Muhammadu Buhari returns home from nearly two months of medical leave in Britain - to an economy that's also been in the sick bay. Silvia Antonioli reports.

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Job growth sets stage for rate hike

The brisk hiring in February and rising wages set the stage for an interest rate hike this month by the Federal Reserve. Fred Katayama reports.

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Breakingviews TV: Trump's jobs lift

Tom Buerkle and Gina Chon discuss how a strong February employment report could put wind in the sails of the president’s economic agenda if he can focus on tax cuts and infrastructure.

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Warm February leads to hotter job market

Mother Nature may take credit for February's stronger-than-expected hiring, with new construction jobs showing their biggest surge in a decade.

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Venezuela opposition data shows 700% inflation jump

Venezuela's opposition-led congress has started publishing the country's inflation rate based on its own data collection, as the government of President Nicolas Maduro remains silent about the crisis-stricken nation's soaring consumer prices. Silvia Antonioli reports.

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German trade soars - more pressure on ECB?

German trade soared more than expected in January in a further sign that Europe's biggest economy is firing on all cylinders. As David Pollard reports, the new data - coming just a day after the latest ECB policy meeting - may add to pressure on Mario Draghi to row back on monetary stimulus.

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Dow, S&P 500 snap losing streak

A late rebound in energy stocks helped the Dow and S&P 500 avoid a fourth straight session of declines one day before the government releases the monthly jobs data. Fred Katayama reports.

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Thursday, March 9, 2017

Bull market turns eight

The run of gains on Wall Street turns eight years old on Thursday, and some analysts expect it to continue. Fred Katayama reports.

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Akzo Nobel rejects $22 bln PPG bid

Dutch paints and coatings maker Akzo Nobel rejected a $22 billion bid from larger U.S. rival PPG Industries on Thursday. Fred Katayama reports

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Breakingviews TV: Help wanted at AIG

Antony Currie and Tom Buerkle explain why CEO Peter Hancock’s departure leaves the insurer needing to find a successor able to fix the company and fend off calls for a breakup.

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Lego says slowing growth still stacks up

Lego grew just six percent in 2016 after years of exponential growth. But, as Lucy Fielder reports, the company is building from a larger base and focused on becoming a global household name.

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RadioShack files for bankruptcy

The nearly 100-year-old retailer once popular with electronic hobbyists will close about 200 stores and evaluate options for the remaining 1300 outlets. Fred Katayama reports.

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ECB's Draghi stands firm on stimulus

The European Central Bank pledge to keep its aggressive stimulus policy at least until the end of the year, but markets leap higher as it signals there's less of a need to prop up growth and inflation in the euro zone. David Pollard reports.

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Solar-powered jail gives inmates a brighter future

Prisoners have been given the job of installing solar panels on the roof of their jail as part of Taiwan's renewable energy drive. As Sonia Legg reports, the project has benefits way beyond the walls of the jail.

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Mexico looks to Asia as Trump effect hits

The Mexican state abandoned by Ford after Donald Trump's election says it's courting Asian manufacturers to make up for the loss. As Silvia Antonioli reports, the region's governor also says clearing up uncertainty over the future of NAFTA will be key to attracting new investment.

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Government watchdog takes aim at Icahn, Trump connection

A government watchdog group, Public Citizen, said on Wednesday it has asked lawmakers to investigate whether White House advisor Carl Icahn violated lobbying disclosure laws, a complaint the billionaire investor denied and called a "witch hunt."

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China spurs Hugo Boss sales

Hugo Boss says it expects sales to stabilise in 2017 and profitability to start to recover as the struggling German fashion house managed to turn its business around in China after slashing prices there. Sara Hemrajani reports.

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Wednesday, March 8, 2017

Women take a day off, rally against Trump

Some women in the United States stayed off the job and demonstrated against U.S. President Donald Trump on International Women's Day. Fred Katayama reports.

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Dow, S&P 500 dip as energy shares tumble

The S&P 500 and the Dow Jones Industrial Average dip as energy stocks suffer their worst drop in nearly six months. Fred Katayama reports.

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Trump talks infrastructure with CEOs

U.S. President Donald Trump met with business leaders to discuss boosting investments in infastructure. Fred Katayama reports.

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Adidas ramps up sportswear race

Adidas increases its 2017 sales and profit targets, sending shares in the German sportswear firm to a record high. Sara Hemrajani reports.

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ADP posts blowout jobs report

Private employers added 298,000 jobs in the U.S. in February, blowing past Wall Street's estimates. As Fred Katayama reports, that data raises the likelihood the Fed will hike rates this month.

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Stakes high as Geely's Volvo replaces SUV

Volvo Car Group has unveiled its new XC60 SUV at the Geneva auto show. As Ciara Lee reports, it's the latest launch in a sweeping overhaul of its model line-up under Chinese ownership that will be key to driving sales and earnings ahead of a possible listing.

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Nigeria to close airport in capital for six weeks

Nigeria closes its capital's airport for six weeks to carry out repairs to its runway after airlines threatened to stop flying there. Scarlett Cvitanovich reports.

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Chinese tech and finance firms eye a virtual goldmine

China's virtual gifting market is luring major financial institutions and tech firms, keen to boost their trade in gold. Ryan Brooks reports.

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Greek farmers clash with police during protest

Clashes have erupted in central Athens between farmers and police during a protest over pension and tax reforms. As Sonia Legg reports, there are fears the crisis over the bailout is also re-igniting.

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Economy: Asia lifts global outlook

China unexpectedly posted its first trade deficit in three years in February as imports surged far more than expected to feed a construction boom. As David Pollard reports, it's helped boost the global economy which is also seeing sgins of strength many did not expect.

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UK budget says 'we cannot rest on our past achievements'

Britain has raised its forecasts for economic growth this year but in his first budget UK Chancellor Philip Hammond says we 'cannot rest on our past achievements'. Rough cut (no reporter narration).

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Trump's plan to lower drug prices

President Donald Trump tweets that he is working on a new, competetive health system, and backs a plan by Republicans to replace the Obamacare. Fred Katayama reports.

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Tuesday, March 7, 2017

Exxon to invest $20 bln in U.S.

Exxon Mobil said on Monday it would invest $20 billion through 2022 to expand its chemical and oil refining plants on the U.S. Gulf Coast. Fred Katayama reports.

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Drug stocks drag Wall Street down

The Dow and S&P 500 posted back-to-back losses for the first time in more than a month. Fred Katayama reports.

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Snap shares brought back down to earth

Shares of Snap Inc., the parent of Snapchat, were hit with a second day of selling with research analysts gloomy on the stock and investors waking up to the company's limitations.

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UPS wins court challenge

An EU court ruled that the European Union had wrongly blocked the American courier's takeover attempt of its Dutch peer, TNT Express. Fred Katayama reports.

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Brexit could make or break farmers - Fairtrade

As Britain negotiates its way out of the European Union, the Fairtrade Foundation is warning that Brexit could land some of the world's poorest countries with a new tax bill of at least £1 billion - or could provide an opportunity for the UK to made new trade deals that hugely benefit these communities. Mia Womersley reports

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Tech (and mergers) is top talk at Geneva auto show

The auto industry is facing seismic changes with the rise of electric vehicles, automated driving and car sharing. As David Pollard reports, execs at the Geneva auto show say adapting to these will eclipse even big mergers such as PSA's purchase of Opel.

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Premium cars get 'Formula One' makeover

Ford and Nissan, are displaying cars at the Geneva motor show that hint at a new "Formula One-inspired" high-performance in premium cars. As Sonia Legg reports, it's one way auto makers are trying to stand out in a crowded luxury automobile market.

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German industry orders post shock fall

German industrial orders fell 7.4 percent in January, their biggest monthly fall in eight years due to a slump in domestic and euro zone demand. But, as David Pollard reports, other data suggests euro zone economic growth is still on the up.

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Breakingviews TV: Ill healthcare reform

The long-awaited Republican proposal to replace Obamacare is fraught with financial and political problems. Robert Cyran and Jeffrey Goldfarb deliver the grim prognosis.

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Brexit price hikes deter British shoppers

The spending power of households is being stretched by the fall in the value of the pound since Britain's referendum decision in June to leave the European Union and by a rise in global oil prices. As Sara Hemrajani reports, grocery inflation has also doubled since February.

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Wall Street slips on Trump comments

Investors grew uneasy over the latest tumult surrounding the Trump administration. Fred Katayama reports.

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Monday, March 6, 2017

Asian nations restrict U.S. poultry imports over bird flu

South Korea, Japan, Taiwan and Hong Kong have limited imports of U.S. poultry after the United States detected its first case this year of avian flu on a commercial chicken farm.

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Tyson Foods' stock plunges

Tyson Foods's shares dive after a strain of bird flu was detected in a chicken breeder flock on a Tennessee farm contracted to the U.S. food giant. Fred Katayama reports.

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Greek PM glosses over bailout delays and weak data

Greece's Prime Minster says the economy has turned a page and is poised to show 'exceptionally high' rates of growth this year. But as Sonia Legg reports, their problems are far from over.

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Breakingviews TV: Shopping brawl

Upscale-mall owner Taubman Centers is battling it out with an aggressive investor who wants to shake up the company. Jennifer Saba and Jeffrey Goldfarb discuss the industry's woes.

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Peugeot 3008 crowned 'Car of the Year' in Geneva

The French SUV, Peugeot 3008, has bagged the prestigious European Car of the Year 2017 award on the eve of the 87th International Motor Show in Geneva, capping a good day for the PSA group which earlier announced it's agreed to buy Opel from General Motors. Sonia Legg reports

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Bird flu found on Tyson chicken farm

A strain of bird flu has been detected in a chicken breeder flock on a Tennessee farm contracted to U.S. food giant Tyson Foods Inc, and the 73,500 birds will be culled to stop the virus from entering the food system, government and company officials said on Sunday.

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GM bets smaller is better

Its sale of its European operations is the biggest step in GM's drive to become smaller but more profitable. Fred Katayama reports.

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PSA promises Opel turnaround after takeover

France's PSA Group has agreed to buy Opel from General Motors in a deal valuing the business at 2.2 billion euros, creating a new European car giant to challenge market leader Volkswagen. Sara Hemrajani reports.

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India's gold imports surge on pent-up demand

India's gold imports surge on pent-up jeweller demand and as retail consumers ramp up purchases for weddings. Samantha Vadas reports.

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Deutsche Bank shares drop on capital hike plan

Shares in Deutsche Bank fell almost 7 percent in early trading after the lender announced an 8 billion-euro ($8.48 billion) capital increase that Chief Executive John Cryan had previously declared a last resort. Sonia Legg reports

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Global weekahead: Fed and ECB go separate ways

Two of the world's biggest central banks are likely to find themselves with a bigger policy gap by the end of the coming fortnight. David Pollard reports.

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Sunday, March 5, 2017

Energy pros face a future that doesn’t need them

The oil industry has suffered through two years of falling prices, and nearly a half a million layoffs worldwide. And even with energy prices beginning to tick back up, energy sector professionals are wondering if there’s any future for them in an industry that’s focused on efficiency.

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Friday, March 3, 2017

Yellen says March rate hike 'appropriate' if data holds up

Federal Reserve Chair Janet Yellen says the Fed is set to raise its benchmark interest rate later this month as long as economic data on jobs and inflation holds up. Rough Cut (no reporter narration).

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Fed's Yellen points to March rate hike

Fed Chair Janet Yellen says the Federal Reserve is set to raise its benchmark interest rate in March, as long as economic data on jobs and inflation holds up. Fred Katayama reports.

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Wall Street ends flat

Stocks were steady after Fed Chair Janet Yellen signaled the central bank is set to raise interest rates this month. Fred Katayama reports.

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Fed Chief leads chorus preparing March rate hike

Federal Reserve Chair Janet Yellen was the latest Fed official to signal policymakers are set to raise interest rates this month and are on track to lift them further later this year.

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Breakingviews TV: India's new unicorn

Alibaba's investment in Paytm's e-commerce unit at a $1 bln valuation ratchets up competition with Amazon and others. Una Galani and Jeffrey Goldfarb discuss where the Indian market is heading.

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Costco hikes membership fees

The warehouse retailer is raising fees just as profit slows. As Fred Katayama reports, quarterly profit fell and missed Wall Street's estimates.

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Brexit nerves beginning to bite on UK car sector?

BMW reportedly planning to move production of a new electric Mini out of the UK to Germany; Ford reportedly pondering hundreds of job cuts at its plant in Wales ... the UK car sector could be getting an early taste of what Brexit might mean. David Pollard reports.

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Players, investors snap up Nintendo

Nintendo Switch launches to crowds of eager video gaming fans but some analysts are still cautious about the tech company's prospects. Sara Hemrajani reports.

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No bonus for Mayer after millions of Yahoo hacks

Yahoo says 32 million user accounts have been illegally accessed in the past couple of years, adding to around 1.5 billion in the years before that. Bad news for Marissa Mayer who's had her 2016 bonus forfeited. Graham Mackay reports.

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Why some of Snap Inc’s LA neighbors want them out

Snap Inc: A company that built itself around a disappearing messaging app and preserving privacy has itself built up a super-secretive and private presence in Venice Beach, California. And for that, it’s facing backlash from some in the local community.

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Thursday, March 2, 2017

Snap surges 44 percent in dazzling market debut

Shares of Snapchat parent Snap Inc. rose 44 percent Thursday after one of the most highly sought-after IPOs in years.

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Snap shares surge in debut despite red flags

Shares of Snap Inc. surged nearly 50 percent in their debut even though the parent of Snapchat is losing money and subscriber growth is slowing.

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Banks pull down Wall Street

Shares retreated Thursday despite Snap's splashy IPO. As Fred Katayama reports, investors took profit after Wednesday's record-setting session.

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Snap soars at open

Snap's shares shot higher amid strong demand after the company debuted on the New York Stock Exchange. Fred Katayama reports.

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Oil drops on record U.S. crude stocks

Crude prices fell after U.S. crude inventories rose to an all-time high last week and Russian output was unchanged in February. Fred Katayama reports.

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Breakingviews TV: Wells/Yahoo clawbacks

Jennifer Saba, Antony Currie and Tom Buerkle assess the pay penalties Wells Fargo and Yahoo are imposing on their executives for the companies’ respective fake-account and hacking scandals.

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Kroger's disappointing sales

Existing store sales surprisingly dropped in the latest quarter. As Fred Katayama reports, price wars and falling grocery prices are hurting the largest U.S. supermarket chain.

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France's Macron presents mould-breaking manifesto

Presidential frontrunner Emmanuel Macron said he would root out inequalities in France's pension system, sell down government stakes in major firms and downsize parliament, as he unveiled a manifesto to set him apart from traditionalists.

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Lotte Duty Free sees China link to cyber attack

Lotte Duty Free says a cyber attack using Chinese internet protocol (IP) addresses has crashed its website. As Sonia Legg reports, it's the latest report of irregularity from a South Korean firm in China since Seoul decided to deploy a U.S. missile defense system.

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Euro zone inflation jumps past ECB target

Euro zone inflation surged to a four-year high last month, zooming past the European Central Bank's target and piling pressure on rate setters to open talks about when and how extraordinary stimulus measures will be scaled back. David Pollard reports.

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Brazil gives brewer AB InBev a hangover

Anheuser-Busch InBev, the world's largest brewer, has suffered its first decline in core earnings since its formation over a decade ago as recession-hit Brazil depressed beer sales by even more than expected. Sonia Legg reports

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Snap Inc’s LA neighbors want them out

Snap Inc: A company that built itself around a disappearing messaging app and preserving privacy has itself built up a super-secretive and private presence in Venice Beach, California. And for that, it’s facing huge backlash from the local community.

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Snap, in highly sought-after IPO, prices above range

The stage is set for Snap Inc.'s market debut after the parent of Snapchat priced its shares above the expected range in the most highly anticipated IPO since Alibaba in 2014, but buyer beware.

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Wednesday, March 1, 2017

Chief of world's biggest hedge fund steps down in major reshuffle

The world's largest hedge fund manager, Bridgewater Associates, is once again changing its leadership structure as part of a 10-year transition plan led by founder Ray Dalio.

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Dow tops 21,000; Snap sets price

President Donald Trump's speech before Congress reignited the rally on Wall Street. Fred Katayama reports.

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February auto sales down

February U.S. auto sales fell slightly, but were still strong, as automakers stepped up discounting. Fred Katayama reports.

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Businesses split on border tax

Major corporations are going to war in Washington over a Republican border adjustment tax. Their opponents say it would creating more growth and jobs in the United States. Fred Katayama reports.

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Trump, Fed power Dow above 21,000 for first time

Wall Street enjoyed its biggest rally of the year with all three major stock gauges hitting record highs as investors embraced President Trump's softer side in a speech in front of Congress and the prospect of a coming Fed rate hike.

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Breakingviews TV: SoftBank targets

The Japanese conglomerate led by Masayoshi Son, who also has a new $100 bln investment fund, is on a buying binge. Breakingviews columnists break down the strategy.

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French stocks, bonds lifted by Fillon

The premium investors demand for holding French bonds over German ones hit a one-month low on Wednesday, while French stocks climbed to a 15-month high after French presidential candidate Francois Fillon vowed to stay in the election race. David Pollard reports.

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Surprising sales drop at Best Buy

The U.S.' largest electronics retailer also forecast weak same-store sales for the current quarter. Fred Katayama reports.

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Breakingviews TV: Selling Italians coffee

Starbucks is opening its first outlet in the country where Howard Schultz found inspiration for his company – and may find success, Lisa Jucca tells Rob Cox.

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Eye-opening security tech at MWC

The latest security technology takes centre stage at Barcelona's Mobile World Congress, where experts are trying to convince consumers that connectivity can come at a cost. Ivor Bennett reports

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Global manufacturing shrugs off protectionist fears

Factories around the globe have extended a manufacturing revival as activity picked up steam in February. But, as David Pollard reports, the outlook for many export-reliant economies remains uncertain in the wake of President Donald Trump's protectionist stance.

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India's strong GDP data leaves economists dazed

India defies expectations to retain the title of the world's fastest growing major economy, despite the pain caused by Prime Minister Narendra Modi's shock crackdown on cash. Samantha Vadas reports.

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Northrop Grumman could gain from Trump defense plan, says Jane Barratt

GoldBean's Jane Barrat tells Reuters' Fred Katayama investors should focus on President Trump's security policy when he addresses Congress Tuesday.

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