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EU starts monitoring aluminum imports after U.S. tariffs
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EU starts monitoring aluminum imports after U.S. tariffs
Data collected on the quantity and value of incoming aluminum products will help the bloc decide whether to take measures to limit imports.
The European Commission began an investigation last month to assess the need for potential...
Deutsche Bank scales back investment bank as profit drops
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Deutsche Bank scales back investment bank as profit drops
Deutsche Bank’s (DBKGn.DE) new chief executive Christian Sewing took firm action on its long-troubled investment bank on Thursday, cutting back bond and equities trading after a dramatic drop in quarterly profit.
Deutsche Bank is deeply r...
Google helps stock markets recover, oil stretches above $75
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Google helps stock markets recover, oil stretches above $75
World stocks steadied on Tuesday after three sessions of losses thanks to strong earnings from the likes of Google and as a rise in U.S. bond yields towards the key 3 percent level stalled, while oil prices stretched to fresh highs...
Ford expands U.S. medical ride business built around its vans
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Ford expands U.S. medical ride business built around its vans
Ford Motor Co (F.N) said on Wednesday that it was expanding a medical transport service called GoRide in Southeast Michigan, one of several efforts by the U.S. automaker to build new ride service businesses around its Transit...
China's ZTE may lose Android license as U.S. market woes build
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China’s ZTE may lose Android license as U.S. market woes build
Chinese smartphone maker ZTE Corp’s U.S. woes deepened on Tuesday, as regulators proposed new rules that could cut into its sales, while a supply ban means it may not be able to use Android software in its devices, according to ...
BMW sees slower growth in China this year; local JV talks ongoing
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BMW sees slower growth in China this year; local JV talks ongoing
German luxury carmaker BMW (BMWG.DE) expects the pace of growth of its China sales to almost halve this year, the firm’s chief executive said on Wednesday, amid a broader slowdown in the world’s largest auto market.
The firm is tar...
GM president says near resolution for South Korea unit, union accepts wage deal
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GM president says near resolution for South Korea unit, union accepts wage deal
General Motors Co’s (GM.N) president said on Thursday that it was very close to a resolution to fix its ailing South Korean unit, as its South Korean union accepted a wage deal.
“Over the last few months, over the las...
China March refinery runs hit record; crude output near multi-year low
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China March refinery runs hit record; crude output near multi-year low
Chinese refineries processed a record of more than 12.1 million barrels per day (bpd) of crude oil in March, boosted by ample government import quotas and steady margins.
The world’s second-largest oil user processed 51.51 m...
German carmakers caught in crossfire of U.S.China trade row
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German carmakers caught in crossfire of U.S.-China trade row
German carmakers BMW (BMWG.DE) and Daimler (DAIGn.DE) are under increasing pressure to diversify production of their sports utility vehicles (SUVs) outside of the United States as a result of Washington’s growing trade tensions with C...
Libya examines Total-Marathon purchase, casting doubt on deal: sources
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Libya examines Total-Marathon purchase, casting doubt on deal: sources
Libya is considering whether to intervene in a $450 million deal that French major Total (TOTF.PA) announced last month to buy a Marathon Oil (MRO.N) stake in the country’s Waha concessions, several sources familiar with the m...
Trump delays metal tariffs on Canada, EU, Mexico, exempts some others
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Trump delays metal tariffs on Canada, EU, Mexico, exempts some others
The decisions came just hours before temporary exemptions from the tariffs on these countries were set to expire at 12:01 a.m. (0401 GMT) on Tuesday.
In a statement, the White House said the details of the deals with Brazil,...
Ford to ramp up Lincoln rollout in China in bid to catch rivals: sources
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Ford to ramp up Lincoln rollout in China in bid to catch rivals: sources
Ford Motor Co’s (F.N) premium Lincoln brand plans to build as many as five new vehicles in China by 2022, according to two U.S. sources, in a move to expand sales in the world’s largest vehicle market that would also blunt t...
U.S. banks push mortgage apps as home lending slows
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U.S. banks push mortgage apps as home lending slows
Big U.S. banks are racing to launch websites and mobile apps to make getting a mortgage faster and easier, investments that may have modest near-term payoffs as home lending activity slows.
Lenders have been spending on digital tools to cut...
EU moves to regulate tech giants' business practices
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EU moves to regulate tech giants’ business practices
Tech giants including Google, Apple and Amazon will for the first time face rules governing their commercial relations with smaller businesses under a law proposed by the European Union on Thursday.
The new rules will specifically target...
Shell, Total start 2018 on a high thanks to rising oil prices
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Shell, Total start 2018 on a high thanks to rising oil prices
Brent crude oil prices in the first three months of this year averaged around $67 a barrel, leaving last year’s $54.5 behind as a distant echo of the price crash of late 2014.
The world’s top oil companies are expected to generate mor...
Guggenheim says it is cooperating with SEC investigation
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Guggenheim says it is cooperating with SEC investigation
Guggenheim Partners on Sunday said it was “cooperating fully” with an investigation of its asset management subsidiary that is being conducted by the U.S. Securities and Exchange Commission.
“We are cooperating fully with the SEC’s investi...
Target to Pay $3.7 Million in Settlement Over Job-Screening Policies
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Target to Pay $3.7 Million in Settlement Over Job-Screening Policies
Target Corp. TGT 0.81% has agreed to pay more than $3.7 million and overhaul job-screening guidelines for hourly workers to resolve a civil-rights class-action complaint that alleged the company’s policies regarding c...