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 Latest Business and Finance News
Oil prices mixed after weak Chinese GDP data [Geo TV]
SINGAPORE: Oil prices were mixed in Asia Wednesday after data showed Chinese economic growth slowed ...Detail
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Oil prices mixed after weak Chinese GDP data  [Geo TV] 16 Apr, 2014
SINGAPORE: Oil prices were mixed in Asia Wednesday after data showed Chinese economic growth slowed further in the
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ECB plan could boost shares in Europe's weakest companies  [Reuters] 16 Apr, 2014
LONDON (Reuters) - Shares in some of Europe's least profitable and most indebted companies are set to outperform in the coming months if the European Central Bank starts buying corporate bonds to fight the threat of deflation ...
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Tesco announces 6% fall in profit  [BBC News] 16 Apr, 2014
UK supermarket giant Tesco announces 6% fall in annual profit to 3.3bn, with like-for-like sales down 1.4%.
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GLOBAL MARKETS-Asian shares up on China relief, Softbank stars  [Reuters] 16 Apr, 2014
SYDNEY (Reuters) - Asian share markets made broad gains on Wednesday after China reported economic growth a touch above forecasts, a relief for investors who had feared a much weaker outcome.
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Bonds shine again as Great Rotation gives way to Asset Reflation  [Reuters] 16 Apr, 2014
LONDON (Reuters) - Last Thursday morning investors queued around the block to buy the bonds of recent defaulter Greece, and by the end of the day were selling U.S. tech stocks furiously.
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China economic growth slows to 18-month low in first quarter  [Reuters] 16 Apr, 2014
BEIJING (Reuters) - China's economy grew at its slowest pace in 18 months in the first quarter of 2014, official data showed on Wednesday, with signs of waning momentum already prompting limited government action to steady th ...
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Asian shares offer muted cheer to China growth  [Reuters] 16 Apr, 2014
SYDNEY (Reuters) - Asian share markets were mostly in the black on Wednesday after China reported economic growth a touch above forecasts, a relief for investors who had feared a much weaker outcome.
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HKMA steps up supervision of banks' credit risk management  [Reuters] 16 Apr, 2014
HONG KONG, April 16 (RLPC) - The Hong Kong Monetary Authority (HKMA) is stepping up its supervision of Hong-Kong-based banks' credit risk management by asking banks to show stable funding requirements and agree to regular ons ...
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China's 7.4% growth beats forecast  [BBC News] 16 Apr, 2014
China's economy expanded by 7.4% in the first quarter of the year, better than expected but down from 7.7% at the end of 2013.
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Fed should beef up low-rate vows, two officials say  [Reuters] 16 Apr, 2014
FARGO, North Dakota/BANGOR, Maine (Reuters) - The U.S. Federal Reserve ought not to raise interest rates until the economy is much closer to full strength, two of the Fed's most dovish policymakers said on Tuesday.
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China first-quarter economic growth slows to 7.4 percent  [Reuters] 16 Apr, 2014
BEIJING (Reuters) - China's annual economic growth slowed between January and March 2014 to 7.4 percent from 7.7 percent in the previous three months, but beat market expectations for growth of 7.3 percent, data showed on Wed ...
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China Q1 growth better than expected  [BBC News] 16 Apr, 2014
China's economy expanded by 7.4% in the first quarter of the year, better than expected but down from 7.7% at the end of 2013.
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BOJ Kuroda maintains positive view on economy  [Reuters] 16 Apr, 2014
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Wednesday affirmed its upbeat view of the economy, even as global financial markets wobble, stressing that growth will pick up around mid-year as the sting of a sales tax ...
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Starbucks to relocate European headquarters to UK from Netherlands: The Times  [Reuters] 16 Apr, 2014
(Reuters) - Starbucks Corp said it decided to move its European headquarters to the United Kingdom from the Netherlands following criticism over its low tax payments in Britain last year, The Times reported.
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On edge for China growth data, Nikkei tries to rally  [Reuters] 16 Apr, 2014
SYDNEY (Reuters) - Asian markets took some comfort from a late spurt by Wall Street on Wednesday as investors tensed for a reading on Chinese economic growth, while rising tensions in Ukraine kept safe-haven sovereign debt well bi ...
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GM CEO 'agonized' over putting two engineers on paid leave  [Reuters] 16 Apr, 2014
NEW YORK (Reuters) - General Motors Co Chief Executive Mary Barra said she "agonized" over last week's decision to put two GM engineers on paid leave pending the outcome of an investigation into faulty ignition switches linke ...
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Senators press Delphi for answers on recalled GM cars  [Reuters] 15 Apr, 2014
WASHINGTON (Reuters) - Lawmakers probing how General Motors used faulty ignition switches in many vehicles are turning their scrutiny to the supplier of the part, Delphi Automotive.
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Intel's quarterly net beats Street, CEO talks up tablets  [Reuters] 15 Apr, 2014
SAN FRANCISCO (Reuters) - Intel Corp's first-quarter net profit exceeded Wall Street's estimates as the chipmaker wrestles with slow demand for personal computers and its chief executive officer said an ambitious goal to ...
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'Shocking' rise in use of food banks  [BBC News] 15 Apr, 2014
tins of food Hundreds of thousands more people are turning to food banks to stop themselves from going hungry, says charity the Trussell Trust.
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GM to launch product development group focused on safety  [Reuters] 15 Apr, 2014
NEW YORK (Reuters) - General Motors Co. will create a new global product integrity organization that will focus on product safety and quality, said GM Chief Executive Mary Barra in a speech on Tuesday.
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After two bumper years, Toyota braces for shift to slower growth  [Reuters] 15 Apr, 2014
TOYOTA CITY, Japan/TOKYO (Reuters) - Toyota Motor Corp is set to post record growth for the year just ended - with a likely $10 billion surge in operating profit - but the mood at its HQ in Japan's prosperous automotive heart ...
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Yahoo's growth anemic as turnaround chugs along  [Reuters] 15 Apr, 2014
SAN FRANCISCO (Reuters) - Yahoo Inc barely managed to expand its core advertising business in the first quarter despite Chief Executive Marissa Mayer's two-year effort to revive growth at the Internet pioneer.
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Wall Street ends higher as blue chips rally; Intel up late  [Reuters] 15 Apr, 2014
NEW YORK (Reuters) - U.S. stocks ended a volatile session higher on Tuesday, lifted by gains in such blue-chip names as Coca-Cola and Johnson & Johnson, though persistent weakness in momentum names limited the Nasdaq's ad ...
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Intel's first-quarter net profit falls but beats Street  [Reuters] 15 Apr, 2014
SAN FRANCISCO (Reuters) - Intel Corp's first-quarter net profit fell, but beat Wall Street's estimates as the chipmaker wrestles with shrinking demand for personal computers.
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Yahoo reports modest revenue growth in first-quarter, shares rally  [Reuters] 15 Apr, 2014
SAN FRANCISCO (Reuters) - Yahoo Inc delivered modest revenue growth in the first quarter but its shares jumped on strong results from Alibaba Group Holding Ltd ahead of the Chinese e-commerce company's highly anticipated init ...
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GM to launch new product development group focused on safety  [Reuters] 15 Apr, 2014
NEW YORK (Reuters) - General Motors will create a new "global product integrity" organization that will focus on product safety and quality, said GM Chief Executive Mary Barra in a speech on Tuesday.
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Intel's first-quarter net profit falls as PC market shrinks  [Reuters] 15 Apr, 2014
SAN FRANCISCO (Reuters) - Intel Corp posted first-quarter net earnings of $1.947 billion, or 38 cents a share, compared with $2.045 billion, or 40 cents a share, in the year-ago quarter as the chipmaker wrestled with shrinking dem ...
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Yahoo reports modest revenue growth in first quarter  [Reuters] 15 Apr, 2014
SAN FRANCISCO (Reuters) - Yahoo Inc reported modest revenue growth in the first three months of the year, as the Internet company stemmed a long-running decline in its display ad business.
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Wall Street gets lift from Coca-Cola; Nasdaq lags  [Reuters] 15 Apr, 2014
NEW YORK (Reuters) - Stocks ended higher after a volatile session on Tuesday, lifted by gains in Coca-Cola and Johnson & Johnson, though weakness in Apple, Tesla and Netflix limited the Nasdaq's advance.
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New York court advances lawsuit against Martha Stewart Living on pet products  [Reuters] 15 Apr, 2014
NEW YORK (Reuters) - A lawsuit claiming Martha Stewart Living Omnimedia Inc tried to undercut a business partner's relationship with pet products retailer PetSmart Inc can proceed, a New York state judge ruled on Monday.
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