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Shell's Profit Rises as Pivot to Gas Pays Off LONDON— Royal Dutch Shell PLC's profit rose in the third quarter, demonstrating the energy giant's resilience to weak energy prices thanks in part to its big bet on natural gas. Shell on Thursday reported profit on a net current cost-of-supplies basis—a figure ...
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Air France-KLM disappoints on earnings, outlook PARIS (Reuters) - Air France-KLM (AIRF.PA) said slowing travel demand will hurt ticket sales in the rest of 2019, sending its shares tumbling as the airline group posted lower-than-expected quarterly earnings. FILE PHOTO: Logo of Air France KLM Group is ...
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As Fed Cuts Rates, China Has Few Good Options The world's two largest economies are both struggling, but in one of them policy makers still have plenty of tools to respond. In the other, not so much. The Federal Reserve on Wednesday cut U.S. benchmark rates for the third time this year, responding to ...
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Once bitter enemies, here's how Ford and the UAW easily reached a contract agreement Ford Motor Co. has gone from beating union organizers bloody and being the last of the Big Three to recognize the UAW to earning a reputation as the most labor-friendly carmaker in Detroit during these contract negotiations. The modern relationship ...
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UPDATE 1-BNP Paribas quarterly profit falls less than expected ... * BNP Paribas Q3 net profit down 8.8%. * Q3 expenses up 2%, cost of risk up 23.5%. * BNP says common equity tier 1 ratio at 12% end-Sept (Adds details on results, background). PARIS, Oct 31 (Reuters) - BNP Paribas SA reported an 8.8% fall in quarterly ...
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Apple shows signs of stabilizing in China despite trade war and onslaught from Huawei Apple's revenue decline in China is slowing, highlighting signs of stabilization in one of the world's largest smartphone markets, despite the ongoing U.S.-China trade war and the continued growth of Huawei. However, analysts cautioned that Apple could face ...
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White House Pressed Car Makers to Join Its Fight Over California Emissions Rules WASHINGTON — Monday's surprise move by General Motors, Toyota and other auto giants to back President Trump in his fight with California over pollution rules came after days of White House pressure to support one of the administration's biggest efforts ...
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Shares in UK's Carpetright slump on biggest investor's rescue bid LONDON (Reuters) - Britain's Carpetright (CPRC.L) is in talks with its largest shareholder Meditor over a possible takeover at a huge discount to its closing value on Wednesday, prompting a 50% crash in its shareprice. FILE PHOTO: Customers enter a ...
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Fiat Chrysler and Peugeot plan to create world's No.4 carmaker MILAN/PARIS (Reuters) - Fiat Chrysler (FCHA.MI) and Peugeot owner PSA (PEUP.PA) plan to join forces through a 50-50 share swap to create the world's fourth-largest automaker, they said on Thursday, triggering a new wave of consolidation in the car ...
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Samsung flags smartphone profit fall, upbeat on chips SEOUL (Reuters) - Samsung Electronics warned of a smaller mobile business profit on Thursday as its rival Apple gave a positive iPhone sales outlook, dampening hopes new models will help the world's largest smartphone vendor finally get back on a ...
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RBA Board Member Worries Fed Easing Will Strengthen Aussie Dollar Reserve Bank of Australia board member Ian Harper said his nation's economy does "not need" a stronger currency -- but worries that's exactly what it could end up with if the U.S. Federal Reserve keeps easing. "The exchange rate is doing what we hoped it ...
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China's state telecoms to launch 5G services on Friday China's three state telecoms on Thursday announced the roll-out 5G mobile phone services, marking a key step in Beijing's ambitions to become a technology superpower at a time when it remains locked in trade tensions with Washington. China Mobile's ...
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Bombardier 'on brink of sale' to Spirt AeroSystems Bombardier's Northern Ireland operation is on the brink of being sold to a US company, the news agency Reuters reports. The Canadian firm put the factories up for sale in May as part of a reorganisation of its business. The aircraft manufacturer employs ...
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Hong Kong protests drag economy into recession – business live Associated Press have written about the impact of Hong Kong's recession on the tourism industry: Kong's main tourist strip, Ashfaqur Rahman's tailor shop usually is a mainstay for tourists dropping in to peruse neatly stacked rolls of fabric and get measured ...
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2 Plead Guilty in 2016 Uber and Lynda.com Hacks SAN FRANCISCO — Two men pleaded guilty in federal court in San Jose, Calif., to charges of computer hacking and an extortion conspiracy on Wednesday, capping a thorny legal saga that ensnared tech companies like Uber and LinkedIn in data breach ...
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Gold futures settle higher, then decline after the Fed decision Gold futures settled with a gain on Wednesday, following back-to-back declines, then moved lower after the U.S. Federal Reserve announced a quarter-point cut to its benchmark interest rate, as expected. The Federal Open Market Committee said it would ...
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California's marijuana market will soon have 'thousands of retail stores,' report says Despite a series of obstacles and setbacks, California's legal marijuana market is on track to continue growing in the coming years, according to a new report. By 2024, cannabis sales growth in the Golden State will account for nearly a quarter of all sales ...
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Exclusive: Alibaba to resume Hong Kong listing plans as soon as November - sources HONG KONG/NEW YORK (Reuters) - Alibaba Group Holding Ltd (BABA.N) is eyeing a listing in Hong Kong as early as November to raise up to $15 billion, after political unrest in the Asian financial hub put the move on ice earlier this year, people familiar with ...
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Banks, led by ANZ, pull Australian shares lower A profit miss from Australia's fourth-largest lender pulled its peers and the country's benchmark index lower on Thursday, despite gains in markets across the rest of Asia after the US Federal Reserve cut interest rates. Australia and New Zealand Banking ...
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Should Germany spend more to revive its economy? The eurozone has a problem. Its biggest economy, Germany, is in or close to recession. That has further stimulated a debate about whether Berlin should open the financial taps and spend more. Should Germany launch a programme of spending on, ...
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Mazda Australia accused of ripping off consumers who were sold dud vehicles Mazda will be forced to defend itself in Australia's Federal Court after allegedly ripping off consumers who purchased dud vehicles over a four year period. The Australian Competition and Consumer Commission (ACCC) this morning started proceedings ...
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Sensex hits record high! Here are 5 factors fueling optimism on D-Street The S&P BSE Sensex hit a fresh record high in trade on October 31 surpassing its previous record high of 40,312 registered back in the month of June thanks to positive global cues, as well as, positive sentiment on D-Street. "We were expecting markets to ...
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Mountain View looks to e-scooters as bike share programs languish by Kevin Forestieri / Mountain View Voice. 12 comments. See comments. Hundreds of electric scooters could soon be buzzing around Mountain View, giving people a speedy way to make that last-mile trip between work and the train station. The City Council ...
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Dick's location in Virginia Beach Town Center will turn into bowling, laser tag, bumper cars and more VIRGINIA BEACH, Va. (WAVY) — The multi-story Dick's Sporting Goods at the Virginia Beach Town Center is set to close at the end of the year, but the massive space won't be vacant for very long. Virginia Beach real estate company Armada Hoffler ...
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