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Volkswagen fined one billlion euros by German prosecutors over emissions cheating

Global Business News Reuters - Wed, 06/13/2018 - 15:35
BERLIN (Reuters) - Volkswagen was fined one billion euros ($1.18 billion) over diesel emissions cheating in what amounts to one of the highest ever fines imposed by German authorities against a company, public prosecutors said on Wednesday.
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AT&T slips after Time Warner buyout gets approval

Global Business News Reuters - Wed, 06/13/2018 - 07:40
(Reuters) - Shares of AT&T Inc fell 2 percent on Wednesday after a federal judge approved the telecom company's $85 billion buyout of Time Warner Inc, clearing the path for more deals in a rapidly changing media industry.
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Fall of founder Sorrell to dominate WPP investor meeting

Global Business News Reuters - Wed, 06/13/2018 - 07:34
LONDON (Reuters) - Investor anger over the departure of WPP boss Martin Sorrell will burst into the open on Wednesday when shareholders tackle management over its handling of a boardroom battle that has gripped the British corporate scene.
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World stocks capped by trade war concerns, central banks

Global Business News Reuters - Wed, 06/13/2018 - 07:12
LONDON (Reuters) - World stocks hovered near one-month highs on Wednesday as an expected U.S. interest rate rise and risks of a fresh outbreak of trade tensions between China and the United States overshadowed a generally benign political and economic backdrop.
Categories: Global news, Market News

Investors wipe $3 billion off China's ZTE as U.S. settlement sinks in

Global Business News Reuters - Wed, 06/13/2018 - 06:16
HONG KONG (Reuters) - Investors wiped about $3 billion off embattled Chinese telecommunications giant ZTE Corp's market value as it resumed trade on Wednesday after agreeing to pay up to $1.4 billion in penalties to the U.S. government.
Categories: Global news, Market News

Nissan doubles down on emerging markets as U.S. sales slow

Global Business News Reuters - Wed, 06/13/2018 - 06:03
YOKOHAMA (Reuters) - Nissan Motor Co Ltd said on Wednesday it expects vehicle sales in some markets to beat industry growth, driven by countries including Saudi Arabia - crucial for the Japanese firm that is struggling with slowing sales in the United States.
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Toyota pumps $1 billion in Grab in auto industry's biggest ride-hailing bet

Global Business News Reuters - Wed, 06/13/2018 - 05:12
SINGAPORE (Reuters) - Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia's Grab in the biggest investment by a carmaker into a ride-hailing firm, at a time when traditional automakers are racing to team up with disruptive tech companies.
Categories: Global news, Market News

AT&T wins court approval to buy Time Warner over Trump opposition

Global Business News Reuters - Wed, 06/13/2018 - 04:04
WASHINGTON (Reuters) - AT&T Inc won court approval on Tuesday to buy Time Warner Inc for $85 billion, rebuffing an attempt by U.S. President Donald Trump's administration to block the deal and likely setting off a wave of corporate mergers.
Categories: Global news, Market News

Property agents abandon China's resort island as sales plunge on cooling measures

Global Business News Reuters - Wed, 06/13/2018 - 03:23
HONG KONG (Reuters) - Tough measures to cool the property market in China's resort island of Hainan have put the brakes on a real estate boom and underscore the policy risks developers and investors face as the government tries to rein in prices.
Categories: Global news, Market News

Toyota to invest $1 billion in Southeast Asian ride-hailing firm Grab

Global Business News Reuters - Tue, 06/12/2018 - 23:55
SINGAPORE (Reuters) - Toyota Motor Corp has agreed to invest $1 billion in Southeast Asian ride-hailing firm Grab as a lead investor in the company's ongoing financing round, which was launched after it bought the regional business of Uber Technologies Inc [UBER.UL].
Categories: Global news, Market News

Asian stocks step back as investors brace for Fed

Global Business News Reuters - Tue, 06/12/2018 - 23:10
TOKYO (Reuters) - Asian shares slipped back on Wednesday as investors looked to the Federal Reserve policy decision later in the day and any clues it might give on future rate hikes, shifting focus away from the historic U.S.-North Korea summit in Singapore.
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Investors wipe $3 billion off China's ZTE market value after U.S. settlement

Global Business News Reuters - Tue, 06/12/2018 - 22:17
HONG KONG (Reuters) - Chinese telecommunications giant ZTE Corp had about $3 billion wiped off its market value as it resumed trade on Wednesday after agreeing to pay up to $1.4 billion in penalties to the U.S. government.
Categories: Global news, Market News

Blackstone in agreement to acquire Australia's Investa Office Fund for $2.3 billion

Global Business News Reuters - Tue, 06/12/2018 - 21:36
(Reuters) - Australia's Investa Office Fund (IOF) and Blackstone Group on Wednesday entered into a scheme implementation agreement through which the U.S. private equity giant would acquire real estate investment trust for A$3.08 billion ($2.3 billion).
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Qualcomm will not exit data center business, chip chief says

Global Business News Reuters - Tue, 06/12/2018 - 20:49
(Reuters) - Qualcomm Inc has no plans to abandon its efforts to create processors for data centers, the company's president, who oversees the chip division, said.
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Tesla cuts 9 percent of workforce in search for profit

Global Business News Reuters - Tue, 06/12/2018 - 20:09
(Reuters) - Electric car maker Tesla Inc is cutting several thousand jobs across the company as it seeks to reduce costs and become profitable without endangering the critical production ramp-up for its Model 3 sedan.
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Sorrell's downfall set to dominate WPP investor meeting

Global Business News Reuters - Tue, 06/12/2018 - 19:01
LONDON (Reuters) - Investor anger over the departure of WPP boss Martin Sorrell will burst into the open on Wednesday when shareholders tackle management over its handling of a boardroom battle that has gripped the British corporate scene.
Categories: Global news, Market News

Guess Chairman Paul Marciano resigns after probe into improper conduct

Global Business News Reuters - Tue, 06/12/2018 - 18:49
(Reuters) - Guess Inc said on Tuesday its co-founder, Paul Marciano, had resigned as the company's executive chairman after a special committee completed an investigation into allegations of improper conduct.
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New York top court narrows Martin Act in $11 billion Credit Suisse case

Global Business News Reuters - Tue, 06/12/2018 - 15:01
NEW YORK (Reuters) - New York's highest court on Tuesday curbed the state attorney general's ability to fight fraud on Wall Street, awarding a victory to Credit Suisse Group AG as it tries to end an $11 billion lawsuit over risky mortgage securities.
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Oil prices rise with global markets as Trump hails positive meeting with Kim

Global Business News Reuters - Tue, 06/12/2018 - 02:53
SINGAPORE (Reuters) - Oil prices rose alongside global markets on Tuesday as U.S. President Donald Trump said a summit in Singapore with North Korea's Kim Jong Un had made "a lot of progress", boosting hopes of a deal to end a nuclear standoff on the Korean peninsula.
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Stocks, dollar rise as Trump, Kim sign 'comprehensive' document at landmark summit

Global Business News Reuters - Tue, 06/12/2018 - 02:40
SYDNEY (Reuters) - The dollar hovered near 3-week highs on Tuesday and Asian shares gained as U.S. President Donald Trump and North Korean leader Kim Jong Un signed a 'comprehensive' deal at a historic summit aimed at the denuclearization of the Korean peninsula.
Categories: Global news, Market News
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