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Exclusive: Lyft plans to launch its IPO roadshow week of March 18 – sources

(Reuters) – Lyft Inc plans to launch the roadshow for its initial public offering during the week of March 18, making it the first U.S….

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Global stocks rise on U.S.-China trade hopes; oil up again

NEW YORK (Reuters) – An index of stocks across the globe hit a more than four-month high on Wednesday on hopes for progress in trade…

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Exclusive: Brazil’s Odebrecht to propose bondholder losses of over 70 percent – sources

The corporate logo of the Odebrecht SA construction conglomerate is pictured at its headquarters in Sao Paulo, Brazil August 3, 2018. REUTERS/Paulo Whitaker/File Photo SAO…

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Posted in businessNews International IPO

Exclusive: Lyft plans to launch IPO roadshow week of March 18 – sources

An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, U.S. September 21, 2017. REUTERS/Chris Helgren/File Photo (Reuters) – Lyft Inc plans…

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Google fails to disclose microphone in Nest Secure

(Reuters) – Alphabet Inc’s Google said on Wednesday it had made an “error” in not disclosing that its Nest Secure home security system had a…

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Fed flags end to balance sheet runoff, patience on rates

(Reuters) – The Federal Reserve on Wednesday signaled they will soon lay out a plan to stop letting go of $4 trillion in bonds and…

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Samsung’s new foldable Galaxy phone will have 5G and $2,000 price tag

SAN FRANCISCO (Reuters) – Samsung Electronics Co Ltd on Wednesday said it will release a pricey folding smart phone in April that works with the…

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Wall St. mostly edges up in volatile trade after Fed minutes

NEW YORK (Reuters) – U.S. stocks were mostly higher in volatile late-afternoon trade on Wednesday as the release of the Federal Reserve’s minutes from its…

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CVS profit miss, rebate questions send shares tumbling 8 percent

(Reuters) – CVS Health Corp on Wednesday forecast 2019 profit well below Wall Street estimates due to weakness in its pharmacy business that serves long-term…

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Wall Street trades lower after Fed minutes

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 19, 2019. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters)…

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Samsung announces Galaxy Fold phone with apps from Facebook, Google

FILE PHOTO : The logo of Samsung Electronics is seen at its office building in Seoul, South Korea January 7, 2019. REUTERS/Kim Hong-Ji/File Photo SAN…

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Fed policymakers saw little risk from patient stance: minutes

FILE PHOTO: A security guard walks in front of an image of the Federal Reserve following the two-day Federal Open Market Committee (FOMC) policy meeting…

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Buffett’s Suncor bet to revive investor interest in Canadian energy

TORONTO (Reuters) – Berkshire Hathaway Inc’s re-investment in Suncor Energy Inc highlights the benefits of being an integrated oil company and could revive investor interest…

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Renault’s outlook cut to ‘negative’ by rating agency Standard & Poor’s

FILE PHOTO – The logo of French car manufacturer Renault is seen at a dealership of the company in Illkirch-Graffenstaden near Strasbourg, France, January 10,…

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Southwest shares drop as mechanics labor dispute escalates

(Reuters) – Southwest Airlines Co’s shares fell as much as 6 percent on Wednesday after the low-cost carrier said it was investigating whether a conflict…

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Oil rises 2 percent on hopes of market rebalance, trade deal

HOUSTON (Reuters) – Crude prices rose nearly 2 percent on Wednesday, with Brent hitting its highest this year, on hopes that oil markets will balance…

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UBS to appeal after fined 4.5 billion euros in French tax fraud case

PARIS (Reuters) – A French court found Swiss bank UBS AG guilty of illegally soliciting clients and laundering the proceeds of tax evasion, ordering it…

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Danske Bank pulls out of Russia, Baltics after money-laundering backlash

TALLINN/COPENHAGEN (Reuters) – Danske Bank will pull out of Russia and the neighboring Baltic states, the Danish lender said after Estonia ordered it to close…

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Daimler risks fine as German prosecutors launch new probe

BERLIN (Reuters) – German prosecutors have launched a probe into Daimler for allegedly failing to prevent diesel emissions cheating, possibly resulting in a fine for…

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Credit Suisse loses bid to dismiss lawsuit in U.S. over writedowns

NEW YORK (Reuters) – A U.S. judge has rejected Credit Suisse Group AG’s bid to dismiss a lawsuit accusing the Swiss bank of defrauding shareholders…

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Tesla’s top lawyer leaves two months into the job

FILE PHOTO: A driver recharges the battery of his Tesla car at a Tesla Super Charging station in a petrol station on the highway in…

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Alitalia will not be nationalized, needs market solution: economy minister

FILE PHOTO: An Alitalia airplane is seen before take off from the Leonardo da Vinci-Fiumicino Airport in Rome, Italy, June 21, 2018. REUTERS/Stefano Rellandini/File Photo…

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EU governments endorse copyright reform – statement

FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of Facebook logo in this picture illustration taken March 28, 2018. REUTERS/Dado…

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EU countries back copyright reforms aimed at Google, Facebook

BRUSSELS (Reuters) – European Union countries on Wednesday endorsed an overhaul of the bloc’s copyright rules which would force Google and Facebook Inc to pay…

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French court ruling due in UBS $6 billion tax case

PARIS (Reuters) – A French court will rule on Wednesday whether UBS, Switzerland’s largest bank, helped wealthy French clients evade taxes between 2004 and 2012…

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Caesars says continues to look at options after Icahn urges sale of company

The 550 foot-tall (167.6 m) High Roller observation wheel, the tallest in the world, is the centerpiece of the $550 million Linq project, a retail,…

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Oil dips after forecast for record U.S. shale output

LONDON (Reuters) – Crude oil futures eased on Wednesday in light of the prospect of a continued boom in U.S. shale oil output, although with…

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Ghosn’s new lawyer, ‘the Razor’, takes aim at Nissan and prosecutors

TOKYO (Reuters) – Carlos Ghosn’s new lawyer took aim at Nissan, prosecutors and courts on Wednesday, dismissing the charges against the ousted chairman as an…

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Spotlight falls on Swedbank in Baltic money laundering scandal

STOCKHOLM (Reuters) – Swedbank defended its money laundering controls after Swedish television said it had uncovered documents linking the bank to suspicious transactions with Danske…

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U.S.-China trade hopes extend equity surge; central banks supportive

LONDON (Reuters) – World stocks hit a four-month high on Wednesday on hopes of progress in trade talks between the United States and China, with…

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Microsoft says discovers hacking targeting democratic institutions in Europe

FILE PHOTO: General view of Microsoft’s logo at Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. REUTERS/Charles Platiau/File Photo (Reuters) – Microsoft…

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Saudi Aramco discussing investments in India’s Reliance Industries: CEO

NEW DELHI (Reuters) – Saudi Aramco’s Chief Executive Officer Amin Nassar said on Wednesday that the company is in talks with India’s Reliance Industries Ltd…

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Posted in businessNews International SVT

Swedish TV says Swedbank linked to Baltic money laundering scandal

The Swedbank logo is pictured on its branch in Riga October 21, 2014. REUTERS/Ints Kalnins STOCKHOLM (Reuters) – Swedish television (SVT) said on Wednesday it…

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UK regulator raises big objections to Sainsbury’s-Asda deal

LONDON (Reuters) – Britain’s competition regulator said on Wednesday Sainsbury’s planned $9.5 billion takeover of Walmart-owned Asda should either be blocked or require the sale…

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India’s top court finds Anil Ambani guilty of contempt in RCom-Ericsson case

NEW DELHI/MUMBAI (Reuters) – India’s Supreme Court on Wednesday found Anil Ambani, chairman of debt-laden Reliance Communications (RCom), guilty of contempt of court for wilfully…

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India an investment priority for Saudi Aramco: CEO

FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March…

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Microsoft expands political security service to 12 European countries

Silhouettes of laptop users are seen next to a screen projection of Microsoft logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration (Reuters)…

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India’s top court finds Anil Ambani guilty on contempt in Ericsson case

FILE PHOTO: Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group, addresses shareholders during the company’s annual general meeting in Mumbai, India, September 18,…

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Lockheed unveils new F-21 fighter jet configured for India

The logo of Lockheed Martin is seen at Euronaval, the world naval defence exhibition in Le Bourget near Paris, France, October 23, 2018. REUTERS/Benoit Tessier…

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Oil slips away from 2019 highs as surging US supply undermines OPEC cuts

SINGAPORE (Reuters) – Oil prices slipped away from 2019 highs on Wednesday, with surging U.S. supply and slowing economic growth tempering upward pressure from supply…

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Oil near 2019 highs amid OPEC cuts, U.S. sanctions

SINGAPORE (Reuters) – Oil prices were around 2019 highs on Wednesday, propped up by supply cuts led by producer club OPEC and by U.S. sanctions…

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Nissan to oppose having same chair as Renault: FT

The Nissan logo is seen at Nissan car plant in Sunderland, Britain February 4, 2019. REUTERS/Phil Noble (Reuters) – Nissan Motor Co Ltd’s independent committee…

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Asia shares rally to four-and-a-half month peak on hopes of U.S.-China trade deal

TOKYO (Reuters) – Asian stocks advanced to 4-1/2-month highs on Wednesday as investors bet that Chinese and U.S. trade negotiators would be able to secure…

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Southwest vows investigation into grounded planes amid talks with mechanics

(Reuters) – A top Southwest Airlines Co executive said the low-cost carrier would investigate why the number of aircraft unable to fly due to mechanical…

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Amid trade talks, China urges U.S. to respect its right to develop, prosper

BEIJING (Reuters) – The United States should respect China’s right to develop and become prosperous, the Chinese government’s top diplomat told a visiting U.S. delegation,…

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South Korean prosecutors raid Hyundai’s office in recall probe: Chosun Biz

FILE PHOTO: The Hyundai booth displays the company logo at the North American International Auto Show in Detroit, Michigan, U.S. January 16, 2018. REUTERS/Jonathan Ernst…

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Tokyo’s drive to expel zombie stocks hits small caps

TOKYO (Reuters) – The Tokyo Stock Exchange’s push to weed out small and weak firms from its main board could take years, but some fund…

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Posted in businessNews International

South Korean prosecutors raid office of Hyundai’s quality division: Chosun Biz

FILE PHOTO: The Hyundai booth displays the company logo at the North American International Auto Show in Detroit, Michigan, U.S. January 16, 2018. REUTERS/Jonathan Ernst…

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Qualcomm urges U.S. regulators to reverse course and ban some iPhones

(Reuters) – Qualcomm Inc is urging U.S. trade regulators to reverse a judge’s ruling and ban the import of some Apple Inc iPhones in a…

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Tesla prepares to offer Model 3 leasing to boost demand: Electrek

FILE PHOTO: A row of new Tesla Model 3 electric vehicles is seen at a parking lot in Richmond, California, U.S. June 22, 2018. REUTERS/Stephen…

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