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 Latest Business and Finance News
India says WTO deal not dead, can sign in September if concerns addressed [Reuters]
NEW DELHI/GENEVA (Reuters) - India is willing to sign a global trade deal, which it has torpedoed, i ...Detail
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Hyundai recalls in U.S. reach 1.3 million in same week  [Reuters] 01 Aug, 2014
(Reuters) - South Korea's Hyundai Motor Co is recalling about 420,000 vehicles covering three models for separate problems in the United States, after recalling 883,000 Sonata sedans this week, according to U.S. safety regula ...
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Wall St. opens slightly lower after payrolls  [Reuters] 01 Aug, 2014
NEW YORK (Reuters) - U.S. stocks edged lower at the open, as a softer-than-expected July jobs report allayed concerns that the Federal Reserve would raise interest rates sooner than many had expected.
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Ford's U.S. July sales up 10 pct; Chrysler's up 20 percent  [Reuters] 01 Aug, 2014
DETROIT (Reuters) - U.S. auto sales look set to show healthy gains for July, but not as much as expected, according to early returns from the major carmakers on Friday.
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Shares trim losses, dollar dips after jobs report  [Reuters] 01 Aug, 2014
PARIS (Reuters) - Shares trimmed losses and the dollar dipped on Friday after the U.S. reported job growth slowed more than expected in July and the unemployment rate unexpectedly rose, easing worries that interest rates will rise ...
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Futures point to modestly lower open after payrolls  [Reuters] 01 Aug, 2014
NEW YORK (Reuters) - U.S. stock index futures pointed to a slightly lower open on Friday as a weak July jobs report allayed concerns that the Federal Reserve would raise interest rates sooner than many had expected.
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Chevron second-quarter profit tops estimates on higher oil, gas prices  [Reuters] 01 Aug, 2014
(Reuters) - Chevron Corp , the second-largest U.S. oil company, reported better-than-expected quarterly profit on Friday as higher energy prices offset rising expenses and production dips in Kazakhstan.
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U.S. consumer spending rises, inflation pressures muted  [Reuters] 01 Aug, 2014
WASHINGTON (Reuters) - U.S. consumer spending rose for a fifth straight month in June, but a moderation in price increases suggested the Federal Reserve will not raise interest rates anytime soon.
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US economy adds 209,000 jobs in July  [BBC News] 01 Aug, 2014
The US economy added 209,000 jobs in July, latest data from the Bureau of Labor Statistics reveal, adding to optimism that the US economy is roaring once more.
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U.S. job growth cools, unemployment rate rises to 6.2 percent  [Reuters] 01 Aug, 2014
WASHINGTON (Reuters) - U.S. job growth slowed more than expected in July andan unexpected rise in the unemployment rate pointed to some slack in the labor market that could give the Federal Reserve room to keep interest rates low ...
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Shares sink, dollar up before U.S. jobs data  [Reuters] 01 Aug, 2014
PARIS (Reuters) - Shares tumbled worldwide and the dollar rose on Friday amid expectations a U.S. jobs report would strengthen the case for an early interest rate rise by the U.S. Federal Reserve.
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P&G profit up 37 percent on cost cuts, higher home care sales  [Reuters] 01 Aug, 2014
(Reuters) - Procter & Gamble Co , the world's largest household products maker, reported a 37 percent rise in quarterly profit as its cost cutting efforts paid off and organic sales rose in its home care business.
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P&G's quarterly profit jumps 37 percent on cost cuts  [Reuters] 01 Aug, 2014
(Reuters) - Procter & Gamble Co , the world's largest household products maker, reported a 37 percent rise in quarterly profit, helped by lower operating costs.
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P&G's quarterly profit jumps 37 pct on cost cuts  [Reuters] 01 Aug, 2014
(Reuters) - Procter & Gamble Co , the world's largest household products maker, reported a 37 percent rise in quarterly profit, helped by lower operating costs.
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Chrysler says its U.S. auto sales rose 20 percent  [Reuters] 01 Aug, 2014
DETROIT (Reuters) - Chrysler Group LLC on Friday said its U.S. July auto sales rose 20 percent and that it expected the industry to show an 8 percent increase for the month.
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U.S. says India refusal on WTO deal a wrong signal  [Reuters] 01 Aug, 2014
NEW DELHI/SYDNEY (Reuters) - U.S. Secretary of State John Kerry told Prime Minister Narendra Modi on Friday that India's refusal to sign a global trade deal sent the wrong signal, and he urged New Delhi to work to resolve the ...
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Britain's RBS places restrictions on lending in Russia  [Reuters] 01 Aug, 2014
LONDON (Reuters) - Part-nationalised British lender Royal Bank of Scotland said on Friday it had placed restrictions on its lending in Russia following developments in Ukraine.
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RBS warns of material impact from Scottish independence  [Reuters] 01 Aug, 2014
LONDON (Reuters) - Royal Bank of Scotland said on Friday that a vote by Scotland to become independent from the rest of the United Kingdom could significantly increase its costs and have a material impact on its business.
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Asia stocks sideswiped by Wall Street, but China motors on  [Reuters] 01 Aug, 2014
SYDNEY (Reuters) - Asian shares were mostly under water on Friday after a sudden slump on Wall Street spilled over globally, though a surprisingly strong pick up in manufacturing helped Chinese markets hold at seven-month highs.
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RBS warns Scottish 'yes' vote would materially impact business  [Reuters] 01 Aug, 2014
LONDON (Reuters) - Royal Bank of Scotland said on Friday that a vote by Scotland to become independent from the rest of the United Kingdom could significantly increase its costs and have a material impact on its business.
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BA owner IAG moves into profit  [BBC News] 01 Aug, 2014
British Airways owner IAG moves into profit for the first half of 2014 after an improved performance by its Iberia airline business.
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Asia stocks sideswiped by Wall St, but China motors on  [Reuters] 01 Aug, 2014
SYDNEY (Reuters) - Asian shares were mostly under water on Friday after a sudden slump on Wall Street spilled over globally, though a surprisingly strong pick up in manufacturing helped Chinese markets hold at seven-month highs.
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Tokyo stocks open down 0.70 percent  [Geo TV] 01 Aug, 2014
TOKYO: Tokyo stocks opened 0.70 percent lower on Friday, following a sell-off on Wall Street on weak eurozone data
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China's factories spring to life as global trade reawakens  [Reuters] 01 Aug, 2014
SYDNEY (Reuters) - Activity in China's vast factory sector expanded at the fastest pace in 27 months in July, while industry surveys across Asia showed a pick up in export orders that hinted at a long-awaited revival in globa ...
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U.S. auto sales party seen increasingly dependent on easy money  [Reuters] 01 Aug, 2014
DETROIT (Reuters) - The U.S. auto industry hasn't appeared so healthy for years. Sales hit an eight-year high in June, there appears to be plenty of pent-up demand, and discounting is far from getting out of hand. New plants ...
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U.S. job growth seen slowing, but remaining solid in July  [Reuters] 01 Aug, 2014
WASHINGTON (Reuters) - U.S. job growth likely cooled a bit in July, but retained enough momentum to suggest the economy remained on solid ground.
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Asia taken aback by Wall St swoon, pins hopes on China  [Reuters] 01 Aug, 2014
SYDNEY (Reuters) - Asian shares stumbled on Friday after a month-end swoon on Wall Street, though some were hoping China would offer better news on manufacturing and help steady investor sentiment.
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China PMIs jump to multi-month highs in July, add to view economy is steadying  [Reuters] 01 Aug, 2014
BEIJING (Reuters) - China's factories posted their strongest growth in at least 1-1/2 years in July as new orders surged to multi-month highs, two surveys showed on Friday, cementing bets that the economy is re-gaining moment ...
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Argentine markets fall post-default, New York hearing on Friday  [Reuters] 01 Aug, 2014
BUENOS AIRES (Reuters) - Argentina's bond and stock markets and peso currency dropped on Thursday after Latin America's No. 3 economy defaulted for the second time in 12 years following the collapse of last-ditch talks w ...
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Disappointment, uncertainty after India blocks WTO trade deal  [Reuters] 01 Aug, 2014
SYDNEY/GENEVA (Reuters) - Several member states of the World Trade Organisation voiced frustration after India's demands for concessions on agricultural stockpiling led to the collapse of the first major global trade reform p ...
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China July official PMI hits 27-month high on strong orders  [Reuters] 01 Aug, 2014
BEIJING (Reuters) - Activity in China's vast factory sector expanded at the fastest pace in 27 months in July on stronger demand, a government survey showed, adding to evidence that the economy is regaining momentum after a b ...
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