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Marvell Technology to buy smaller rival Cavium for $6 billion

(Reuters) - Chipmaker Marvell Technology Group Ltd said it would buy smaller rival Cavium Inc in a $6 billion deal, as it seeks to expand its wireless connectivity business in a fast consolidating semiconductor industry.

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European markets power on after early German wobble

LONDON (Reuters) - The euro and European stocks dipped in early trades on Monday after coalition talks collapsed in Germany, but they recovered as investors turned their focus back to improving fundamentals.

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Qatar urges Gulf neighbors to let nationals attend 2022 soccer World Cup

DOHA (Reuters) - Qatar is urging the four countries imposing a diplomatic and trade boycott against it to allow their nationals to attend the World Cup in Doha in 2022, a senior Qatari organizer said on Monday.

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Marvell Technology to buy Cavium for $6 billion

(Reuters) - Chipmaker Marvell Technology Group Ltd said on Monday it would buy smaller rival Cavium Inc in a deal valued at about $6 billion, as it seeks to gain scale in a semiconductor industry that is rapidly consolidating.

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VW raises 2020 sales outlook on emerging-market growth, SUVs

BERLIN (Reuters) - Volkswagen has raised its mid-term revenue outlook on demand for new sport-utility vehicles in emerging markets and upgraded a pretax profit goal even as it pushes investments in electric cars and new technologies.

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Goldman to have two EU hubs post-Brexit: Frankfurt and Paris: report

PARIS (Reuters) - Goldman Sachs Chief Executive Lloyd Blankfein said the bank would have hubs in Frankfurt and Paris after Brexit and that it would be up to the staff to decide where they want to move to from London, he told French newspaper Le Figaro.

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Volkswagen raises 2020 sales outlook on emerging-market growth, SUVs

BERLIN (Reuters) - Volkswagen has increased its group sales guidance for 2020 on growing demand for its new sport-utility vehicles in emerging markets such as Brazil and Russia.

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Nebraska to decide fate of controversial Keystone XL pipeline

LINCOLN, Nebraska/WASHINGTON (Reuters) - Nebraska regulators will announce their decision on Monday on whether to approve TransCanada Corp’s Keystone XL pipeline route through the state, the last big hurdle for the long-delayed project.

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Oil eases as traders and investors grow edgy ahead of OPEC

LONDON (Reuters) - Oil eased on Monday, as traders were reluctant to take on big new positions ahead of an OPEC meeting next week, when the exporter group is expected to decide whether to continue output cuts aimed at propping up prices.

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European markets jarred by German coalition collapse

LONDON (Reuters) - European stocks slipped and safe haven government bonds were in demand early on Monday as the collapse of coalition talks in Germany served as a reminder of political risk that still runs as an undercurrent in Europe.

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Brexit and the City: taking London's financial pulse

LONDON (Reuters) - Will Britain's decision to leave the European Union in 2019 damage one of its most successful industries?

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Asia stocks wilt, German coalition impasse hits euro

TOKYO (Reuters) - Asian shares pulled back on Monday with investor sentiment hurt by a retreat on Wall Street, while the euro and German stock futures skidded after German coalition talks hit an impasse.

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Asia stocks wilt as China weakness dims mood, euro skids

TOKYO (Reuters) - Asian shares pulled back on Monday, with investor sentiment hurt by a retreat on Wall Street and a slide in Chinese stocks, while the euro skidded after German coalition talks hit an impasse.

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Canada, Mexico to question U.S. auto content demands at NAFTA talks

MEXICO CITY (Reuters) - Canada and Mexico will not make counterproposals to U.S. demands for tougher NAFTA automotive content rules but instead will offer rebuttals and pepper American negotiators with technical questions on Monday, people familiar with the talks said.

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Oil markets tepid ahead of Nov. 30 OPEC meeting

SINGAPORE (Reuters) - Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead of an OPEC meeting at the end of the month, when the producer club is expected to decide whether to continue output cuts aimed at propping up prices.

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Asia stocks falter as weakness in China markets dim mood

TOKYO (Reuters) - Asian shares eased on Monday, with investor sentiment hurt by a retreat on Wall Street and sliding Chinese stocks, while the euro skidded after German coalition talks hit an impasse.

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Alibaba goes offline with $2.9 billion stake in China's top grocer

BEIJING (Reuters) - Internet giant Alibaba Group Holding Ltd said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China's top hypermart operator, Sun Art Retail Group Ltd , part of a wider push into offline retail.

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Former Obama administration official in bid for The Weinstein Co

(Reuters) - Maria Contreras-Sweet, the former head of the U.S. Small Business Administration (SBA), has submitted an offer to acquire the Weinstein Co, a spokeswoman for the U.S. film and TV studio said on Sunday.

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Alibaba to buy 36.2 percent Sun Art for $2.9 billion

HONG KONG (Reuters) - Internet giant Alibaba Group Holding Ltd said on Monday it would buy an aggregate direct and indirect stake of 36.16 percent in China's top hypermarket operator, Sun Art Retail Group Ltd , for a total HK$22.4 billion ($2.9 billion).

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Mexico, Canada shun NAFTA autos counteroffers: sources

MEXICO CITY (Reuters) - Divisions over updating the NAFTA trade deal showed no sign of easing on Sunday as Mexico and Canada signaled they would not offer counterproposals to U.S. demands for far stronger automotive content rules, people with knowledge of the talks said.

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Oil markets tepid ahead of OPEC meeting at month-end

SINGAPORE (Reuters) - Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead of an OPEC meeting at the end of the month, when the producer club is expected to decide whether to continue output cuts aimed at propping up prices.

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Asian shares subdued after Wall Street retreats, euro slips

TOKYO (Reuters) - Asian shares started the week on the back foot on Monday, pressured by a retreat on Wall Street amid tax reform uncertainty while the euro skidded after German coalition talks hit an impasse.

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BRIEF-Sun Art Retail ‍announces acquisition of interest in co

* ‍announces acquisition of 26.02% interest in sun art retail group limited by Taobao China Holding Limited​

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Mugabe defies demands to quit as Zimbabwe's leader after party fires him

HARARE (Reuters) - Zimbabwean President Robert Mugabe on Sunday defied his own ZANU-PF party and hundreds of thousands of protesters demanding his resignation by pledging in a television address to preside over the party's next congress in December.

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With little movement, NAFTA talks said to run risk of stalemate

MEXICO CITY (Reuters) - Talks to update the North American Free Trade Agreement appeared to be in danger of grinding toward a stalemate amid complaints of U.S. negotiators' inflexibility, people familiar with the process said on Sunday.

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Avolon firms up deal for 75 Boeing jets, may order 20 more

HONG KONG/PARIS (Reuters) - Chinese-owned aircraft leasing company Avolon has firmed up an order for 75 Boeing airplanes and may order 20 more, its parent Bohai Capital said on Sunday.

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UPDATE 1-Avolon firms up deal for 75 Boeing jets, may order 20 more

HONG KONG/PARIS, Nov 19 (Reuters) - Chinese-owned aircraft leasing company Avolon has firmed up an order for 75 Boeing airplanes and may order 20 more, its parent Bohai Capital said on Sunday.

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Airbus faces tricky hurdles over stalled A380 Emirates deal

DUBAI (Reuters) - A preliminary deal to sell 36 A380s to Emirates blew up in an Airbus hospitality chalet moments before the Gulf carrier was expected to shower $30 billion on the planemaker and its U.S. rival Boeing at the start of last week's Dubai Airshow.

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Avolon agrees to buy 75 Boeing aircraft, may order 20 more

HONG KONG, Nov 19 (Reuters) - Chinese aircraft leasing company Bohai Capital said on Sunday its Avolon Aerospace Leasing Ltd subsidiary had agreed to buy 55 B737 MAX 8 and 20 B737 MAX 10 aircraft from Boeing, and may order an additional 20 M737 MAX 8, with a total list value of around $11 billion.

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BRIEF-Bohai Capital's unit in deal to buy aircraft from Boeing

* Says unit Avolon Aerospace Leasing Limited signs contract to buy aircraft from Boeing Co

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Battered GE shares lure some buyers but worst may not be over

NEW YORK (Reuters) - General Electric Co shares stabilized after a brutal slide last week sent the stock near six-year lows, but the worst may not be over.

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'No fireworks' at NAFTA talks, but few signs of progress

MEXICO CITY (Reuters) - Negotiations in Mexico to update NAFTA have not made much progress on tough U.S. demands that could sink the 1994 trade pact but the current round of talks are progressing with civility, a well-placed source said on Saturday.

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'No fireworks' at NAFTA talks, but few signs of progress: source

MEXICO CITY (Reuters) - Negotiators at high stakes talks to update NAFTA have so far kept their tempers but are not making much progress on tough U.S. demands that could sink the 1994 trade pact, a well-placed source said on Saturday.

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Exclusive: Qualcomm set to win conditional Japanese antitrust okay for NXP deal - source

BRUSSELS (Reuters) - U.S. smartphone chipmaker Qualcomm is set to win “imminent” Japanese antitrust clearance for its $38-billion bid for NXP Semiconductors and gain Europe’s approval by the end of the year with slight tweaks to its concessions, a person familiar with the matter said.

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Volkswagen to invest $27 billion in core brand until 2022

FRANKFURT (Reuters) - Volkswagen will invest 22.8 billion euros ($26.9 billion) in its main car brand over the next five years, it said on Saturday, a day after it announced a spending program aimed at bolstering its position as a maker of electric cars.

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Verizon close to announcing digital streaming deal with NFL: Bloomberg

(Reuters) - Verizon Communications Inc, no. 1 U.S. wireless carrier, is close to a new deal with the National Football League for digital streaming rights, Bloomberg reported, citing people familiar with the matter.

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Business jets risk U.S. pilot shortage on competition from airlines

MONTREAL (Reuters) - Business jet operators, already offering double digit raises to attract pilots, could face a labor shortfall in North America as they compete with U.S. airlines for talent, executives and analysts said.

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Despite Amazon, brick stores are not dead yet

NEW YORK (Reuters) - Just in time for the Black Friday kick-off to holiday season shopping, stock market investors have been handed tools to bet on the decline of brick-and-mortar retail.

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Buyers circle suddenly attractive U.S. media companies

WASHINGTON (Reuters) - All of a sudden, it seems, everybody wants to own a U.S. media company.

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Wall Street pulls back at week's end with tax changes mulled

NEW YORK (Reuters) - Wall Street ended the week on a sour note on Friday, with major indexes slipping modestly as investors weighed the fate of the Republicans' tax overhaul plan.

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U.S. rejects Ford petition to delay recall of three million vehicles

WASHINGTON (Reuters) - The U.S. National Highway Traffic Safety Administration said on Friday it was rejecting a petition by Ford Motor Co to delay recall of about 3 million vehicles with potentially defective air bag inflators to conduct additional testing.

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Wall Street set to end week on whimper as tax changes mulled

NEW YORK (Reuters) - Wall Street was set to end the week on a muted note on Friday, with major indexes slipping modestly, as investors weighed the fate of the Republicans' tax cut plan.

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Wall Street slips on worries over tax plan's progress

(Reuters) - Wall Street indexes were under pressure on Friday as investors were skeptical about the Republicans' efforts to pass the tax bill.

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Volkswagen accelerates push into electric cars with $40 billion spending plan

WOLFSBURG/HAMBURG (Reuters) - Volkswagen approved a 34 billion euro ($40 bln) spending plan on Friday that accelerates its efforts to become a global leader in electric cars.

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Tesla's unfettered ambition will drain finances: analysts

(Reuters) - Tesla Inc shares rose on Friday as analysts questioned how soon Chief Executive Elon Musk will have to ask creditors and shareholders for more capital to fund development of an electric semi truck, a new roadster and accelerated production of a high-volume electric sedan.

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Nearly 2,000 Siemens employees protest against job cuts

BERLIN (Reuters) - Siemens employees protested in various German cities on Friday against the company's proposal to cut 6,900 jobs, which a senior Siemens official said could be revised after negotiations with the union.

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Reuters poll: Major U.S. tax cuts not likely this year - economists

BENGALURU (Reuters) - U.S. Republicans are not expected to push major tax cuts through Congress this year, according to a majority of economists in a Reuters poll, who in any case were skeptical that the legislation would provide a significant boost to the economy.

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Apple pushes launch of HomePod smart speaker to early 2018

(Reuters) - Apple Inc has pushed the launch of its HomePod smart speaker to early next year from December, the company said on Friday.

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Wall Street slips on doubts about tax plan's progress

(Reuters) - Wall Street's main indexes were on track to post small weekly losses on Friday as investors were skeptical about the Republicans' efforts to pass the tax bill.

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Fox shares rise on signs of more takeover interest

(Reuters) - Twenty-First Century Fox Inc shares were up 3 percent in trading on Friday after sources said both Comcast Corp and Verizon Communications Inc were interested in buying parts of its studio and TV operations.

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Golf: Fleetwood shoots 65 to retake pole in the Race to Dubai

(Reuters) - Tommy Fleetwood regained control in the Race to Dubai, rebounding from his poor first round to shoot a seven-under-par 65 and also power back into the hunt for the DP World Tour Championship title on Friday.

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Exclusive: Toshiba set to OK $5 billion injection on Monday to stay listed - sources

TOKYO (Reuters) - Toshiba Corp will decide on Monday to raise some $5 billion from overseas investors, allowing the troubled conglomerate remain a publicly traded company even if the sale of a key business is delayed, two people with direct knowledge of the process said.

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Broadcom closes $5.5 billion Brocade deal

(Reuters) - Broadcom Ltd said on Friday it closed its acquisition of network gear maker Brocade Communications Systems Inc, giving it a larger share of the data center products market.

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Wall St. slips as tech, financial stocks weigh

(Reuters) - Wall Street's main indexes drifted lower on Friday, weighed down by losses in financial and technology stocks.

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GE shares rise after CEO Flannery buys stock

(Reuters) - Shares of General Electric Co opened higher on Friday after Chief Executive John Flannery disclosed that he bought 60,000 shares of the industrial conglomerate's stock.

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S&P, Dow open lower as health, tech stocks weigh

(Reuters) - The Dow and the S&P 500 opened lower on Friday, led by losses in healthcare and technology stocks.

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Sports retail stocks jump after upbeat earnings

(Reuters) - Shares of sports retailers soared on better-than-expected earnings from Foot Locker Inc , Shoe Carnival Inc and Hibbett Sports Inc as the companies sold more premium shoes and cut stocks of low-margin ones.

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Broadcom completes Brocade acquisition

(Reuters) - Broadcom Ltd said on Friday it completed its $5.5 billion acquisition of network gear maker Brocade Communications Systems Inc.

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Sports retail stocks jump after upbeat reports

(Reuters) - Shares of sports retailers soared on Friday after Foot Locker Inc , Shoe Carnival Inc and Hibbett Sports Inc reported better-than-expected quarterly profits.

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Fox shares jump on signs of more takeover interest

(Reuters) - Twenty-First Century Fox Inc shares jumped 8 percent in premarket trading on Friday after sources said both Comcast Corp and Verizon Communications Inc were also interested in buying parts of its studio and TV operations.

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Volkswagen to spend over $40 billion on electric and self-driving cars

WOLFSBURG, Germany (Reuters) - Volkswagen's leaders on Friday approved a five-year spending plan that aims to further the German automaker's goal of transforming itself into a leading force in electric cars.

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Tesla's unfettered ambition to strain finances but investors unfazed

(Reuters) - Investors shrugged off any concern over Tesla Inc over-stretching its production and financial resources with the unveiling of new futuristic semi-trucks and a pricey sports car, pushing its shares up almost 4 percent on Friday.

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U.S. probes 415,000 Volkswagen vehicles for air bag problems

(Reuters) - The U.S. National Highway Traffic Safety Administration said Friday it is opening an investigation into potential air bag failure in 415,000 Volkswagen vehicles after the German automaker issued a recall for the same issue in 2015.

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Exclusive: Germany's top banks step up efforts to offload toxic shipping debt

LONDON/FRANKFURT (Reuters) - Top national lenders Deutsche Bank <DBK Gn.DE> and Commerzbank are stepping up efforts to offload distressed shipping loans, finance sources said, as the German banking system grapples with $100 billion in toxic debt from the sector.

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Fork talk lifts bitcoin to all-time high near $8,000

LONDON (Reuters) - Bitcoin hit an all-time high just below $8,000 on Friday, on talk that a software upgrade whose suspension sent the cryptocurrency into a tailspin at the end of last week was, after all, going ahead within hours.

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Wireless carriers on mute as Supreme Court hears big privacy case

WASHINGTON (Reuters) - The U.S. Supreme Court is set to consider a major cellphone privacy case later this month, but leading players in the wireless industry that is at the center of the closely watched dispute are keeping their distance.

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Analysts flee Wall Street with gallows humor as research changes loom

(Reuters) - Having covered financial stocks at big and small banks for more than two decades, David Hilder was accustomed to the ebb and flow of Wall Street job cuts and hiring sprees.

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World stocks claw back losses but set for second weekly fall

LONDON (Reuters) - World stocks continued to claw back losses on Friday after spending much of the week in the red, boosted by signs of progress in U.S. tax reform and strong corporate results.

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Nissan cites staff shortage for improper tests, plans more inspectors

YOKOHAMA (Reuters) - Nissan Motor Co Ltd on Friday blamed a lack of trained staff for improper final inspections at its car plants in Japan for over 20 years, and said it would increase the number of inspectors as part of a plan to improve compliance.

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Ford to invest over 750 million euros in Valencia plant

MADRID (Reuters) - U.S. car manufacturer Ford announced on Friday it would invest more than 750 million euros ($885 million) in its Spanish plant in the eastern region of Valencia to produce the new model of its Kuga SUV.

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Volkswagen board discusses 70 billion euro spending plan: source

FRANKFURT (Reuters) - Volkswagen's supervisory board is discussing a five-year spending plan totaling more than 70 billion euros ($82.5 billion) to further transform the group into a leader in electric cars, a person familiar with the talks told Reuters.

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China faces waste hangover after Singles' Day buying binge

SHANGHAI (Reuters) - China's Singles' Day online discount sales bonanza on Saturday saw bargain-hungry buyers spend over $38 billion, flooding the postal and courier businesses with around 331 million packages - and leaving an estimated 160,000 tonnes of packaging waste.

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Nissan blames staff shortage for improper tests, plans more inspectors

YOKOHAMA (Reuters) - Nissan Motor Co Ltd on Friday blamed a staff shortage for improper final inspections at its car plants in Japan for over 20 years, and said it would increase the number of trained staff as part of a plan to improve compliance.

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Japanese regulators raid Airbnb over suspected antitrust practices

TOKYO (Reuters) - Japanese fair trade regulators raided last month the offices of Airbnb Inc over suspected violations of antitrust laws, the home rental site said on Friday, denying any wrongdoing.

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Asian shares gain, Mueller report hits dollar

TOKYO (Reuters) - Asian shares clawed back most of their weekly loss after rising firmly on Friday as strong Wall Street earnings and a step forward on U.S. tax reform brightened the mood, though many hurdles remain to secure passage of a tax cut deal.

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GM's Cadillac expects China sales to jump 60 percent in 2017

GUANGZHOU/BEIJING (Reuters) - General Motors' Cadillac luxury brand expects its China sales to surge 60 percent in 2017, faster than it had projected at the start of the year, on strong demand from younger buyers, the brand's country chief said.

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CORRECTED-AIRSHOW-Jetmakers end Dubai rollercoaster with big orders pending

DUBAI, Nov 16 (Reuters) - It started with a deal that never was and ended with the mother of all air show announcements - this week's Dubai Airshow saw little in the way of firm new business, but reminded observers the rivalry between two global giants is as fierce as ever.

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Asian shares up on U.S. tax, earnings hopes; Mueller report hits dollar

TOKYO (Reuters) - Asian shares rose firmly on Friday as strong U.S. earnings and a step forward in Congress on U.S. tax reform brightened the mood, even though investors noted that many hurdles remain to passage of a deal on tax cuts.

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New $200,000 Tesla Roadster speeds in front of electric big-rig truck

HAWTHORNE, Calif. (Reuters) - Tesla Inc upstaged its own debut of an electric heavy duty truck when a red Roadster pulled out of the big rig's trailer and Chief Executive Elon Musk said the new $200,000 sports car would be the fastest production car ever.

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Daimler to invest $755 million in China for electric car, battery production: executive

GUANGZHOU/BEIJING (Reuters) - Germany's Daimler AG plans to invest 5 billion yuan ($755 million) in China for factory capacity to manufacture electric cars and the batteries that power them, part of an effort to help its Mercedes-Benz and Smart brands comply with the country's green car production and sales quotas.

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Tesla unveils electric big-rig truck, sporty Roadster

HAWTHORNE, Calif. (Reuters) - Tesla Inc on Thursday unveiled a prototype electric big-rig truck that it will start producing in 2019, throwing itself into a new market even as it struggles to roll out an affordable sedan on which the company's future depends.

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Tesla unveils electric big-rig truck in midst of Model 3 factory 'hell'

HAWTHORNE, Calif. (Reuters) - Tesla Inc on Thursday unveiled a prototype electric big-rig truck, throwing itself into a new market even as it struggles to roll out an affordable sedan on which the company's future depends.

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Nissan to brief on improper inspection issue at 0730 GMT

TOKYO (Reuters) - Nissan Motor Co Ltd said it would hold a news conference on Friday to provide an update on the investigation into improper final inspection procedures - an issue that has led to the recall of 1.2 million vehicles in Japan.

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Asian shares up on US tax, earnings hopes; Mueller report hits dollar

TOKYO (Reuters) - Asian shares rose firmly on Friday as strong U.S. earnings and a step forward in Congress on U.S. tax reform brightened the mood, even though investors noted that many hurdles remain to passage of a deal on tax cuts.

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Toshiba says not in talks to with any company over PC unit sale

TOKYO (Reuters) - Toshiba Corp said on Friday it had not entered into talks with any company to sell its personal computer business, denying media reports that it was in negotiations to sell the unit to Taiwan's Asustek Computer Inc.

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Toyota to consider selling locally-developed EVs in China

GUANGZHOU/BEIJING (Reuters) - Toyota Motor Corp will consider selling in China all-electric battery car models developed by its two local joint ventures, the automaker said on Friday in a press release.

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METALS-Nickel prices drop on worries China steel demand is losing its shine

SYDNEY, Nov 17 (Reuters) - Shanghai nickel prices fell on Friday on worries about growth in Chinese steel markets, with the sector heading into a low consumption period over winter.

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Nissan's Infiniti to start producing new SUV in China next year

BEIJING (Reuters) - Nissan Motor Co's premium brand Infiniti will start producing a new crossover SUV in China next year, using existing manufacturing capacity in the northeastern city of Dalian. 

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Gulf carriers may be in focus under foreign airline U.S. tax exemption cut

(Reuters) - A U.S. congressional proposal that would eliminate income tax exemptions for certain airlines could affect major Gulf carriers, potentially worsening an international spat between U.S. airlines and their Middle East rivals.

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Toshiba says not considering separate investment in chip unit by Bain group member

TOKYO (Reuters) - Toshiba Corp said on Friday it was not considering accepting any separate investment in its memory chip unit by a member of a Bain Capital-led consortium that has agreed to buy the prized business for $18 billion.

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Asian shares gain as earnings, tax debate help U.S. stocks

TOKYO (Reuters) - Asian shares rose on Friday as strong U.S. earnings and a step forward in the U.S. Congress on tax reform brightened the mood, even though investors noted that many more hurdles must be passed to reach a final deal on tax cuts.

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Automaker Subaru sees $177 million in costs linked to inspection scandal

TOKYO (Reuters) - Subaru Corp said it was recalling 395,000 vehicles in Japan and that it expected to incur about 20 billion yen ($177 million) in costs related to improper final inspection procedures at domestic plants.

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Comcast, Verizon approached Twenty-First Century Fox to buy some assets: sources

(Reuters) - Comcast Corp and Verizon Communications Inc have both approached Twenty-First Century Fox Inc to express interest in buying Fox assets that were the subject of recent talks between Fox and Walt Disney Co, two people familiar with the situation told Reuters on Thursday.

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BRIEF-Questfire Energy Corp announces demand by lenders and notice of intention to enforce security

* Questfire Energy Corp - ‍Co's lenders have made demand upon Questfire for payment in full of Questfire's debt​

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Comcast approached Twenty-First Century Fox to buy some assets: source

(Reuters) - Comcast Corp has approached Twenty-First Century Fox Inc, expressing interest in the same assets that Walt Disney Co had approached Fox for recently, according to a person familiar with the matter.

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Toshiba in talks to sell PC operations to Asus: Nikkei‍​

(Reuters) - Japanese conglomerate Toshiba Corp has entered into negotiations to sell its personal computer operations to Taiwan's Asustek Computer Inc, the Nikkei reported on Friday.

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BRIEF-Comcast has approached Twenty-First Century Fox to express acquisition interest- CNBC, citing DJ‍​

* Comcast has approached 21st Century Fox to express acquisition interest- CNBC, citing DJ‍​

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Soros, Cohen among big name investors betting on Argentine startups

BUENOS AIRES (Reuters) - The founder of mobile banking startup Uala, Pierpaolo Barbieri, says that just a few years ago big name investors would never have put their money in early stage companies like his in Argentina.Now, in what he says is a sign of changing times, the 30-year-old entrepreneur can count among his backers billionaire George Soros and Point72 Ventures LLC, funded by the family office of hedge fund magnate Steve Cohen.

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Wall Street rallies powered by Cisco, Walmart; House tax vote supports

NEW YORK (Reuters) - Wall Street's main indexes rose sharply on Thursday boosted by earnings-related gains in Wal-Mart and Cisco, while a tax bill expected to boost corporate earnings passed its first, if smallest, hurdle.

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Jetmakers end Dubai rollercoaster with big orders pending

DUBAI (Reuters) - It started with a deal that never was and ended with the mother of all air show announcements - this week's Dubai Airshow saw little in the way of firm new business, but reminded observers the rivalry between two global giants is as fierce as ever.

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Barnes & Noble says investor's plan to take it private not 'bona fide'

(Reuters) - Barnes & Noble Inc said on Thursday a deal proposed by an activist investor to take the bookstore chain private was not "bona fide" as its chairman and founder, Leonard Riggio, would not participate and raising the required funds was highly unlikely.

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Wall Street gains powered by Cisco, Walmart; tax passage supports

NEW YORK (Reuters) - Wall Street's main indexes rose sharply on Thursday boosted by earnings-related gains in Wal-Mart and Cisco, while a tax bill expected to boost corporate earnings passed its first - if smallest - hurdle.

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FCC approves TV technology that gives better pictures but less privacy

WASHINGTON (Reuters) - The U.S. Federal Communications Commission voted 3-2 on Thursday to allow broadcasters to voluntarily use a new technology to improve picture quality and allow better reception on mobile phones and give advertisers dramatically more data about viewing habits.

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Meredith approaches Time again with Koch brothers backing: source

(Reuters) - Meredith Corp is in talks again to buy Time Inc in a potential deal backed by billionaire brothers Charles Koch and David Koch, a source familiar with the situation told Reuters on Thursday.

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U.S. airlines sharply cut involuntary passenger bumping: DOT

WASHINGTON (Reuters) - Major U.S. airlines are bumping far fewer passengers from overbooked flights after a high-profile incident in April prompted the industry to reassess its practices, the U.S. Department of Transportation (DOT) reported on Thursday.

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Cobalt hedging not mining the route for VW in EV drive, official says

BERLIN (Reuters) - Volkswagen is not looking to secure long-term supplies of cobalt, a key ingredient of electric-car batteries, by investing in mines, a senior official at the automaker said.

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Volkswagen taps Brazil growth with new model to challenge Fiat, GM

BERLIN (Reuters) - Volkswagen launched its new Virtus model on Thursday to tap Brazil's highest-volume segment as part of a recovery plan that analysts said will help it regain ground on rivals General Motors and Fiat in South America's largest car market.

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Ex-Trump lawyer to defend AT&T-Time Warner merger

WASHINGTON (Reuters) - AT&T Inc said it had hired media lawyer Daniel Petrocelli, whose clients have included U.S. President Donald Trump, to defend its acquisition of media and entertainment company Time Warner Inc if the government sues to block the deal.

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Wal-Mart, tech stocks lead Wall Street gains

(Reuters) - Wall Street's main indexes marched higher on Thursday, driven by gains in Wal-Mart and technology shares, while investors awaited a vote on the Republican tax bill.

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Siemens to cut 6,900 jobs to tackle flailing turbines business

FRANKFURT (Reuters) - Siemens will cut about 6,900 jobs, or close to 2 percent of its global workforce, mainly at its power and gas division, which has been hit by the rapid growth of renewables.

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Wal-Mart shares jump on strong U.S. sales growth

CHICAGO (Reuters) - Wal-Mart Stores Inc reported better-than-expected U.S. comparable sales on Thursday, as customers stocked up on food and other supplies ahead of hurricanes and online purchases soared, sending its shares up more than 8.5 percent.

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AT&T hires ex-Trump lawyer to defend possible Time Warner deal lawsuit

WASHINGTON (Reuters) - AT&T said on Thursday it had hired prominent media lawyer Daniel Petrocelli to serve as lead trial counsel if the U.S. Justice Department files a lawsuit to block the No. 2 U.S. wireless company's acquisition of media and entertainment company Time Warner .

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Viacom expects distributor revenue to drop in 2018; shares sink

(Reuters) - Viacom Inc , owner of MTV and Comedy Central, said Thursday it expects lower revenue from cable and satellite companies in 2018, a forecast that sent its shares down almost 10 percent in morning trading.

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Late arrival of iPhone X clouds Best Buy's results

(Reuters) - Best Buy Co Inc took a $100 million hit in the third quarter from the late launch of the iPhone X and gave a profit forecast for the holiday period that fell short of analysts' estimates, as it competes in a brutal U.S. retail market.

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Gains in Wal-Mart, Cisco lift Wall Street

(Reuters) - The S&P 500 index recovered from its worst two-day fall since August on Thursday after Wal-Mart and Cisco shares soared on strong results.

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Siemens to cut 6,900 jobs across its energy businesses

FRANKFURT (Reuters) - Siemens plans to cut about 6,900 jobs across its businesses supplying the power generation and oil and gas industries, which have been hit by the rapid growth of renewable energy.

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IBM urged to avoid working on 'extreme vetting' of U.S. immigrants

WASHINGTON (Reuters) - A coalition of rights groups launched an online petition on Thursday urging IBM Corp to declare that it will not develop technology to help the Trump administration carry out a proposal to identify people for visa denial and deportation from the United States.

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Wal-Mart sales growth bucks trend in retail sector, shares jump

CHICAGO (Reuters) - Wal-Mart Stores Inc reported better-than-expected U.S. comparable sales on Thursday, as customers stocked up on food and building materials ahead of hurricanes and online purchases soared, sending its shares up more than 7 percent.

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Bradesco expects more demand from buyout firms in Brazilian M&As

NEW YORK, Nov 16 (Reuters) - Buyout firms' interest in Brazilian targets is growing stronger as interest rates head to all-time lows, a senior executive at the nation's No. 3 listed bank Banco Bradesco SA said on Thursday.

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Wall Street recovers on strong Wal-Mart, Cisco earnings

(Reuters) - U.S. stock indexes recovered from two days of losses on Thursday after technology stocks got a boost from Cisco results and Wal-Mart soared to a record high.

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Hong Kong IPO surge challenges New York in battle for China listings

HONG KONG (Reuters) - It's not often Hong Kong can boast hotter initial public offerings than New York, but some recent deals and a potential pipeline of big Chinese tech floats suggest a shift in the balance between the two fundraising rivals.

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Viacom expects affiliate sales to drop in 2018; shares sink

(Reuters) - Viacom Inc , owner of MTV, Comedy Central and Paramount, said Thursday it expects high single-digit declines in revenue from U.S. cable TV operators and online distributors in the first half of 2018, sending its shares down 8 percent.

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Siemens says to cut about 6,900 jobs

FRANKFURT (Reuters) - Siemens plans to cut about 6,900 job in its turbines division, including related services and in large drives, the Munich-based industrial group said on Thursday.

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Rose takes route 66 in Race to Dubai

(Reuters) - Justin Rose struck an early blow in the Race to Dubai by trouncing his playing partner Tommy Fleetwood as the two went head to head in the season-defining DP World Tour Championship in Dubai on Thursday.

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Wal-Mart third-quarter sales boosted by hurricanes, online; shares jump

CHICAGO (Reuters) - Wal-Mart Stores Inc , the world's largest retailer, reported better-than-expected quarterly sales at established U.S. stores on Thursday, boosted by hurricane-related purchases and soaring online sales, sending its shares up 4.4 percent.

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Viacom beats revenue estimates despite distribution headwinds

(Reuters) - Viacom Inc , owner of MTV, Comedy Central and Paramount, reported mixed quarterly results Thursday as higher-than-expected revenue in its film unit and improved domestic ad sales offset lower revenue from U.S. cable TV operators and online distributors.

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Rights groups pressure IBM to renounce interest in Trump's 'extreme vetting'

WASHINGTON (Reuters) - A coalition of rights groups launched an online petition on Thursday urging IBM Corp to renounce a Trump administration proposal to use technology to identify people for visa denial and deportation from the United States.

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Best Buy falls short with holiday profit forecast

(Reuters) - Best Buy Co Inc reported disappointing third-quarter results on Thursday and forecast holiday-quarter profit below Wall Street estimates as it cut prices to match those offered by rivals including Amazon.com Inc .

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Emerson sweetens bid for Rockwell Automation to $29 billion

(Reuters) - Emerson Electric Co boosted its offer to buy Rockwell Automation Inc to about $29 billion, after the smaller rival rebuffed a $27.6 billion bid last month saying it undervalued the company.

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Wal-Mart reports better-than-expected third-quarter sales, shares jump

CHICAGO (Reuters) - Wal-Mart Stores Inc , the world's largest retailer, reported better-than-expected quarterly sales at established U.S. stores on Thursday, boosted by hurricane-related purchases and soaring online sales, sending its shares up 3.5 percent.

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Best Buy's holiday-quarter profit forecast misses Street view

(Reuters) - Best Buy Co Inc reported on Thursday disappointing third-quarter results and forecast holiday-quarter profit below Wall Street's estimates as the company cuts prices to match those offered by rivals such as Amazon.com Inc .

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Tesla to unveil electric big-rig truck in midst of Model 3 factory 'hell'

SAN FRANCISCO (Reuters) - Tesla Inc on Thursday will unveil a prototype electric big-rig truck, which may be able to drive itself, throwing the company into a new market even as it struggles to roll out an affordable sedan which is central to the company's future.

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T-Mobile US to propose significant share buyback

BARCELONA (Reuters) - T-Mobile US will propose a "significant" share buyback that could start in December, CFO Braxton Carter said on Thursday, a sign that the third biggest carrier in the United States is confident in its outlook after the collapse of a merger with Sprint Corp.

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Uber's London license appeal could take years: Mayor Khan

LONDON (Reuters) - Uber's [UBER.UL] appeal process against a decision by London's transport regulator to strip the taxi app of its operating license in the British capital could take years, the Mayor of London Sadiq Khan said on Thursday.

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T-Mobile US to propose significant share buyback: CFO

BARCELONA (Reuters) - U.S. No.3 carrier T-Mobile US will propose a "significant" share buyback that could start in December, finance chief Braxton Carter said on Thursday, a sign of confidence after the collapse of its merger with Sprint Corp.

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Kazakh airline SCAT orders six Boeing jets

DUBAI (Reuters) - Boeing signed a deal at the Dubai Airshow on Thursday to sell six Boeing 737 MAX 8 passenger jets to SCAT Airlines of Kazakhstan, a person close to the discussions said.

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AIRSHOW-Kazakh airline SCAT orders six Boeing jets

DUBAI, Nov 16 (Reuters) - Boeing signed a deal at the Dubai Airshow on Thursday to sell six Boeing 737 MAX 8 passenger jets to SCAT Airlines of Kazakhstan, a person close to the discussions said.

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T-Mobile to roll out U.S. 5G network by 2020

BARCELONA (Reuters) - T-Mobile US, the third-largest U.S. mobile operator, will roll out its fifth-generation network across the United States by 2020, Chief Technology Officer Neville Ray said on Thursday.

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Europe's longest stocks sell-off of the year abates

LONDON (Reuters) - Investors tentatively returned to world stock markets on Thursday, looking for bargains after Europe's longest losing streak of the year and the worst run since March for the top global indices.

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Few banks seen queuing for China's red carpet invite

HONG KONG (Reuters) - China stunned the finance world last week when it unveiled plans to allow foreign control of its financial institutions. Few bankers thought their long-held dream of better access to the world's largest banking market was within reach.

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Oil steady as expected output curbs balance U.S. supply

LONDON (Reuters) - Oil markets stabilized on Thursday as expectations that OPEC would extend production limits balanced rising U.S. crude production and inventories.

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Oil edges up as expected extension of OPEC cuts counters rising U.S. supplies

SINGAPORE (Reuters) - Oil markets edged up on Thursday as expectations that OPEC will extend production cuts at a meeting at the end of this month outweighed rising U.S. crude production and inventories.

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Asia shares gain despite Wall St. weakness, dollar edges higher

TOKYO/SYDNEY (Reuters) - Asian shares shrugged off Wall Street losses and a lackluster start to rally on Thursday, while the dollar edged up as investors priced in more U.S. rate hikes after upbeat economic data.

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BRIEF-Hoegh LNG Partners Lp agrees to buy remaining 49 pct interest in the FSRU Hoegh Grace

* HOEGH LNG PARTNERS LP AGREES TO ACQUIRE REMAINING 49% INTEREST IN THE FSRU HÖEGH GRACE

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Asia shares gain despite Wall St. slip, dollar edges higher

TOKYO/SYDNEY (Reuters) - Asian shares shrugged off a lackluster start and pushed higher, while the dollar edged up as investors priced in more U.S. rate hikes after upbeat economic data.

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Oil stable as OPEC cuts counter rising U.S. supplies

SINGAPORE (Reuters) - Oil markets were stable on Thursday as rising U.S. crude production and inventories were countered by expectations that OPEC will extend an ongoing production cut during a meeting at the end of this month.

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Volkswagen Group earmarking $11.8 billion to develop, build China electric cars

GUANGZHOU/BEIJING (Reuters) - Volkswagen Group plans to spend 10 billion euros ($11.8 billion) by 2025 to develop and manufacture so-called new-energy vehicles (NEVs), the group's China chief Jochem Heizmann told Reuters on Thursday.

businessNews reuters.com

Meredith, Time Inc restart deal talks with Koch brothers' support: NYT

(Reuters) - Time Inc is in talks with Meredith Corp again to sell itself in a potential deal backed by billionaire brothers Charles Koch and David Koch, the New York Times reported.

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Mark Cuban says tax rates have almost no impact on investment

NEW YORK (Reuters) - Billionaire entrepreneur and potential presidential candidate Mark Cuban said on Wednesday that a cut in the U.S. corporate tax rate would have little to no effect on his investment decisions.

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Oil prices weighed down by rising U.S. supplies, but OPEC cuts prevent falls

SINGAPORE (Reuters) - Oil markets on Thursday were weighed down by rising U.S. crude production and inventories, but prices were prevented from falling by expectations that OPEC will extend an ongoing production cut during a meeting at the end of this month.

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Ackman sells Air Products, Nomad Foods positions, makes strong profit

NEW YORK (Reuters) - Activist investor William Ackman told his hedge fund clients on Wednesday that he liquidated positions in Air Products and Chemicals Inc and Nomad Foods Ltd, investments that earned them a lot of money.

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Narrow win for Fox shows restlessness with dual-class shares

LOS ANGELES/NEW YORK (Reuters) - A shareholder proposal calling for Twenty-First Century Fox Inc to scrap its dual-class share structure was rejected on Wednesday, though the measure received significant support among voters outside the controlling Murdoch family.

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Asia shares cautious as mood turns skittish

SYDNEY (Reuters) - Asian shares got off to a cautious start on Thursday after Wall Street stumbled despite upbeat U.S. economic news and the Treasury yield curve hit its flattest in a decade as investors priced in more U.S. rate hikes.

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BlackBerry shifts patent strategy through outsourcing deal

TORONTO (Reuters) - Canada's BlackBerry Ltd announced the outsourcing of a significant part of its patent licensing efforts on Wednesday to a unit of the U.S.-based Marconi Group.

cnn.com

Senate candidate's attorney demands accuser hand over inscription for verification by experts

Former Judge Roy Moore continues to deny allegations of sexual abuse against him, his attorney Phillip L. Jauregui said at a news conference Wednesday, during which he attempted to cast doubt on the story of one of Moore's accusers.

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Trian's Peltz claims win in proxy fight, P&G says not yet

(Reuters) - Activist hedge fund manager Nelson Peltz claimed victory in his fight to win a seat on Procter & Gamble Co's board after a preliminary tally of votes was released on Wednesday, but P&G refused to concede and said it wants to see a certified result before declaring a winner.

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Tezos organizers hit with second lawsuit over cryptocurrency fundraiser

(Reuters) - A second lawsuit was filed this week against the organizers of cybercurrency technology project Tezos, an initiative that raised $232 million to issue a cryptocurrency that does not exist and fund development of a transaction system that has no clear end date.

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Washington state AG's office confirms Justice Department circulating AT&T Time Warner complaint

WASHINGTON (Reuters) - Washington state attorney general's office acknowledged on Wednesday that it was reviewing a draft complaint being circulated by the U.S. Justice Department regarding AT&T's plan to buy Time Warner , confirming that the Justice Department has drawn up a complaint.

businessNews reuters.com

Wall Street falls with energy shares; tax angst weighs

NEW YORK (Reuters) - U.S. stocks fell on Wednesday as energy sector shares dropped for a fourth straight session, tracking crude prices, while a late run-up was thwarted by concerns over the passage of a tax revamp after Republican senators were critical of the proposal.

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Trian's Peltz says it wins proxy fight against P&G

(Reuters) - Activist hedge fund Trian's Nelson Peltz said on Wednesday he won a proxy fight with Procter & Gamble Co for a seat on the company's board.

cnn.com

Citrus trees, private jets and other special-interest wins in the GOP tax bill

On Tuesday, the Senate Finance Committee unveiled the latest version of a GOP tax plan, which includes a proposal to repeal Obamacare's requirement that most people have health care coverage or pay a fine. That's the most notable new provision in the revised tax overhaul, but it is far from the only one.

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Oracle backs tougher foreign investment bills aimed at China

WASHINGTON (Reuters) - Software maker Oracle Corp is backing bipartisan legislation that aims to toughen foreign investment rules amid increasing concern over Chinese efforts to buy U.S. high-tech companies, according to a letter seen by Reuters on Wednesday.

businessNews reuters.com

BlackBerry signs patent licensing deal with Teletry

(Reuters) - Canada's BlackBerry Ltd said on Wednesday it agreed to allow Teletry, a unit of patent licensing firm Marconi Group, to sub-license a broad range of its patents to global smartphone manufacturers.

businessNews reuters.com

Delta Air says tax cut would buy new planes, pay down debt

DETROIT (Reuters) - C would use savings from a lower U.S. corporate tax rate to buy new equipment and pay down some of its debt, the carrier's chief executive said on Wednesday, as congressional Republicans work to push forward a tax cut bill.

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Exclusive: Mattel snubs Hasbro's latest acquisition approach - sources

(Reuters) - Mattel Inc has rebuffed Hasbro Inc's latest takeover approach, people familiar with the matter said on Wednesday, casting uncertainty over the potential combination of the world's two largest toy companies.

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Bombardier plans hiring spree for business jet program: sources

MONTREAL (Reuters) - Bombardier Inc expects to hire around 1,000 workers in Montreal over 18 months, as the Canadian plane and train maker ramps up production of its new Global 7000 business jet, three sources familiar with the matter said on Wednesday.

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U.S. government approaches 18 states to fight AT&T-Time Warner deal

WASHINGTON (Reuters) - The U.S. Justice Department has approached 18 state attorneys general to try to win their support for an antitrust lawsuit to block pay TV and wireless powerhouse AT&T Inc's $85.4 billion deal to buy media and entertainment company Time Warner Inc, a person briefed on the matter said on Wednesday.

businessNews reuters.com

Wall Street falls as energy tracks oil lower; tech weighs

NEW YORK (Reuters) - U.S. stocks fell on Wednesday as energy sector shares dropped for a fourth straight session, tracking crude prices, while tech, the best performing sector this year, weighed the most on the S&P 500.

businessNews reuters.com

U.S. delivery companies dig deep to hire holiday season help

SEATTLE (Reuters) - The tightest U.S. labor market this century is putting pressure on margins for freight haulers and warehouse operators as they bid for hundreds of thousands of workers to move packages during the peak holiday period.

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About 75,000 bpd of Gulf oil output still shut after Shell fire

HOUSTON, Nov 15 (Reuters) - A combined 75,206 barrels per day (bpd) of oil and 215,122 million cubic feet per day of natural gas production are shut-in at four platforms in the wake of a Nov. 8 fire at Royal Dutch Shell's Enchilada platform, according to U.S. government data.

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Lockheed's CH-53K helicopter to make global debut at Berlin air show: sources

BERLIN (Reuters) - The U.S. military has approved Lockheed Martin Corp's new CH-53K heavy-lift helicopter to fly at the Berlin air show next April, according to two sources familiar with the program.

businessNews reuters.com

Fox shareholders reject proposal to abandon dual-class shares

(Reuters) - A shareholder proposal calling for Twenty-First Century Fox Inc to do away with its dual-class share structure was rejected on Wednesday, based on preliminary results announced at the media company's annual meeting.

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Payments company Square tests bitcoin buying and selling

(Reuters) - Payments company Square Inc said it has started allowing select customers to buy and sell bitcoins on its Cash app, as it looks to tap into a craze that has sent the cryptocurrency up nearly sevenfold this year.

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Wall Street lower as weak oil prices pull down energy stocks

(Reuters) - U.S. stocks grappled with losses on Wednesday as a drop in oil prices for the fourth straight day pulled down energy stocks amid worries over delay in corporate tax cut.

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GM challenges Tesla with promise of profitable electric cars

(Reuters) - General Motors Co plans to launch a new family of electric vehicles in 2021 that will cost less to build and make a profit for the U.S. No. 1 automaker, Chief Executive Mary Barra told investors on Wednesday.

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Amazon cuts prices again at Whole Foods ahead of the holidays

(Reuters) - Amazon.com Inc said on Wednesday it will offer more discounts and steeper price cuts at Whole Foods Market on many organic foods and groceries popular during the holidays.

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Target signals another weak holiday quarter, shares tumble

(Reuters) - Target Corp's holiday-quarter profit forecast fell short of analyst expectations, sending its shares down 10 percent on Wednesday as hopes faded that the retailer would make a shopping season comeback.

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Record Airbus order as Franke ups bet on budget airlines

DUBAI (Reuters) - Airbus hailed its biggest ever airliner deal on Wednesday with an umbrella agreement to sell 430 planes worth up to $50 billion to U.S. budget airlines investor Bill Franke.

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Wall Street down as energy stocks hit by oil slide

(Reuters) - Wall Street's main indexes were lower on Wednesday as energy stocks remained under pressure after oil prices fell for a fourth straight day.

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GM CEO promises profitable electric vehicles by 2021

(Reuters) - General Motors Co plans to launch a new family of electric vehicles in 2021 with batteries costing about 30 percent less than those used on the current Chevrolet Bolt, Chief Executive Mary Barra told investors on Wednesday.

businessNews reuters.com

Justice Department approaches states to block AT&T-Time Warner deal: source

WASHINGTON (Reuters) - The U.S. Justice Department has approached state attorneys general in a bid to block telecommunications powerhouse AT&T Inc's $85.4 billion deal to buy media and entertainment company Time Warner Inc, a person briefed on the matter told Reuters on Wednesday.

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GM CEO Barra details plan for new EV family, lower-cost battery

(Reuters) - General Motors Co Chief Executive Mary Barra is expected to tell investors on Wednesday that the automaker plans to launch a new family of electric vehicles in 2021 with batteries that will cost about 30 percent less than those used on the current Chevrolet Bolt.

businessNews reuters.com

Target shares sink as promotions darken holiday outlook

(Reuters) - Target Corp's profit forecast for the key holiday quarter fell short of analyst expectations, sending its shares down nearly 10 percent, as the retailer continues to cut prices and invest in its delivery options to attract more customers.

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Wall Street falls as oil slide, tax bill concerns weigh

(Reuters) - U.S. stocks fell on Wednesday, with the Dow Jones index shedding more than 100 points as a slide in oil prices and concerns about the fate of U.S. tax cuts weighed on the mood.

businessNews reuters.com

Amazon unveils more Whole Foods price cuts ahead of Thanksgiving

(Reuters) - Amazon.com Inc on Wednesday unveiled more discounts on several grocery products at Whole Foods Market, days ahead of the Thanksgiving holiday, sending stocks of rival U.S. grocers lower in early trading.

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Wall Street opens lower on oil price slide

(Reuters) - The Dow shed more than 100 points at the open on Wednesday, as a slide in oil prices hit global markets and concerns about the fate of U.S. tax cuts continued to weigh on the mood.

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Tesla says it will fight lawsuit claiming racial discrimination

(Reuters) - Tesla Inc said on Wednesday it would fight a class-action lawsuit filed against it earlier this week claiming the electric automaker's California production plant was a "hotbed for racist behavior."

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Biggest deal yet for Airbus as Franke ups bet on budget airlines

DUBAI (Reuters) - Airbus landed its biggest ever airliner deal on Wednesday with an agreement to sell 430 planes worth up to $50 billion to U.S. budget airlines investor Bill Franke.

businessNews reuters.com

U.S. investor Cerberus takes 3 percent stake in Deutsche Bank

FRANKFURT (Reuters) - Cerberus [CBS.UL] has taken a 3 percent stake in Deutsche Bank , Germany's flagship lender said on Wednesday, making the U.S. buyout fund the fourth-largest shareholder after China's HNA group, Qatar and money manager Blackrock .

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Exclusive: Glencore offers Chad new plan to repay more than $1 billion loan

LONDON (Reuters) - Commodities trader Glencore has offered Chad a grace period from principle repayments on a more than $1 billion cash-for-crude loan and extended the deadline for full repayment to 2025 from 2022, a letter seen by Reuters showed.

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Global stocks set for longest run of losses since March, euro shines

LONDON (Reuters) - World stocks were set for their longest losing streak in more than six months on Wednesday as weaker commodities weighed, while the euro hit its highest levels in three weeks.

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Target's holiday-quarter profit forecast disappoints, shares dip

(Reuters) - Target Corp issued a disappointing profit forecast for the key holiday quarter as it continues to depend on price cuts to drive traffic to its stores and online, sending its shares down 4 percent in premarket trading.

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Boeing in 175 plane deal with budget carrier flydubai

DUBAI (Reuters) - Boeing Co. reached a preliminary deal for 175 of its 737 MAX jets with flydubai on Wednesday, potentially committing the budget airline's fleet to the U.S. planemaker for another decade.

businessNews reuters.com

Target's holiday-quarter profit forecast disappoints

(Reuters) - Target Corp issued an underwhelming profit forecast for the key holiday quarter, as it continues to depend on price cuts to drive traffic to its stores and websites, sending its shares down 3 percent in premarket trade.

businessNews reuters.com

Exclusive: Carlyle seeks to raise $1 billion for new energy fund - sources

LONDON (Reuters) - Carlyle Group , the world's largest private equity firm, is raising $1 billion for a new fund to invest in oil and gas outside the United States as a stronger outlook for oil prices rekindles investor appetite, banking sources told Reuters.

businessNews reuters.com

Target's quarterly comparable sales beat estimates

(Reuters) - Target Corp reported a better-than-expected 0.9 percent rise in comparable sales, as price cuts on several everyday items helped drive traffic at its stores and website.

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Exclusive: Amazon scraps bundled video service - sources

NEW YORK/LOS ANGELES (Reuters) - Amazon.com Inc has scrapped plans to launch an online streaming service bundling popular U.S. broadcast and cable networks because it believes it cannot make enough money on such a service, people familiar with the matter told Reuters.

businessNews reuters.com

Shareholders take aim at Murdochs with Fox voting rights push

NEW YORK (Reuters) - A shareholder proposal calling for Twenty-First Century Fox Inc to do away with its dual-class share structure may inflict a symbolic black eye on the media company's founder Rupert Murdoch and his family at its annual meeting on Wednesday.

businessNews reuters.com

Israel prepares to send tax bills to Facebook, Google: report

JERUSALEM (Reuters) - Israel is planning to send tax bills within a year to internet companies Google and Facebook, financial newspaper TheMarker reported on Wednesday, joining efforts by several countries, including the European Union, to get the internet giants to pay more tax.

businessNews reuters.com

Qualcomm-NXP ruling may be in 2018: EU competition commissioner

BEIJING (Reuters) - A ruling on Qualcomm Inc's proposed $38 billion acquisition of NXP Semiconductors NV may come in 2018, European Commissioner for Competition Margrethe Vestager said on Wednesday.