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 Latest Business and Finance News
Oil up 3 percent as dollar rally stalls, U.S. inventories ease [Reuters]
NEW YORK (Reuters) - Oil rose more than 3 percent on Friday as a rally in the dollar faded and as da ...Detail
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Iran says OPEC unlikely to change output ceiling: Mehr news agency  [Reuters] 24 May, 2015
DUBAI (Reuters) - OPEC is unlikely to change its production ceiling when the group meets in June, Iran's Oil Minister Bijan Zanganeh said on Sunday, according to the semi-official Mehr news agency.
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Iran's oil minister says OPEC unlikely to change output ceiling: Mehr news agency  [Reuters] 24 May, 2015
DUBAI (Reuters) - OPEC is unlikely to change its production ceiling when the group meets in June, Iran's Oil Minister, Bijan Zanganeh, said on Sunday, according to the semi-official Mehr news agency.
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Fiat Chrysler CEO approached GM about a merger, was rebuffed: NYT  [Reuters] 24 May, 2015
(Reuters) - As part of his quest for a mega merger, Fiat Chrysler Automobiles Chief Executive Sergio Marchionne sent an email to General Motors Co Chief Executive Officer Mary Barra in March suggesting combining the automakers but ...
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Iran says OPEC unlikely to change output ceiling: Mehr news agency  [ARY News] 24 May, 2015
TEHRAN: OPEC is unlikely to change its production ceiling when the group meets in June, Iran’s Oil Minister Bijan Zanganeh said on Sunday, according to the semi-official Mehr news agency.
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Daimler and Qualcomm to develop in-car tech, wireless charging  [Reuters] 23 May, 2015
FRANKFURT (Reuters) - Carmaker Daimler on Saturday announced a partnership with mobile technologies company Qualcomm Inc. to explore wireless recharging of mobile phones in cars as well as recharging of electric cars without cable ...
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Renault in Turkey offers concessions to striking workers  [Reuters] 23 May, 2015
ANKARA (Reuters) - The Turkish arm of French carmaker Renault on Saturday offered concessions including future salary adjustments and a cash lump sum to striking workers if they return to work.
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SBP cuts key policy rate to 7 pct to spur growth  [SamaaTV] 23 May, 2015
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State Bank cuts interest rate by 1 percent  [Geo TV] 23 May, 2015
KARACHI: The State Bank of Pakistan on Saturday dropped interest rate by 1 percent, bringing it to seven percent,
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Greek PM says on final stretch toward deal with lenders  [Reuters] 23 May, 2015
ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras said on Saturday his government was on the final stretch of negotiations with its international lenders on a cash-for-reforms deal that would not involve further pension cuts ...
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Bank of England confirms EU exit research after email misfire  [Reuters] 23 May, 2015
LONDON (Reuters) - The Bank of England plans to assess the implications of a possible British exit from the European Union, it said in a statement, confirming an email it inadvertently sent to a newspaper about the supposedly conf ...
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ECB's Draghi urges euro zone to unite for economic reform  [Reuters] 23 May, 2015
ROME (Reuters) - European Central Bank President Mario Draghi has urged euro zone countries to unite in the task of reforming the bloc's economies, saying sharing sovereignty was an opportunity and not a threat.
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South Korea seeks deeper cooperation with Japan on China-led AIIB  [Reuters] 23 May, 2015
TOKYO (Reuters) - South Korea called on Saturday for deeper cooperation with Japan on a China-led development bank, while Japan remained cautious about the lender, which it and ally the United States have held back from joining.
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Yellen tone suggests choppiness for markets ahead  [Reuters] 23 May, 2015
NEW YORK (Reuters) - U.S. stock investors have been enjoying an extended period of low volatility and steady gains, but with the Federal Reserve on track to raise interest rates this year and major indexes near records, the market ...
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Justice Department finds criminal wrongdoing in GM ignition switch defect: NYT  [Reuters] 23 May, 2015
WASHINGTON (Reuters) - U.S. Justice Department investigators have identified criminal wrongdoing in General Motors Co's failure to disclose a defective ignition switch, and they are negotiating what is expected to be a record ...
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SBP announces Monetary Policy, cuts 100 bps in discount rate  [ARY News] 23 May, 2015
KARACHI: The State Bank of Pakistan (SBP) in its sixth monetary policy of the year on Saturday slashed 100 basis points, which is another historical low in Pakistan.
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BlackBerry cuts jobs worldwide  [ARY News] 23 May, 2015
TORONTO: Canadian smartphone maker BlackBerry Ltd is cutting jobs across the world, the company said on Friday, as it consolidates its software, hardware and applications business.
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Wall St. ends lower after Yellen comments fail to inspire  [Reuters] 22 May, 2015
(Reuters) - U.S. stocks ended weaker on Friday after Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year, in line with Wall Street's expectations.
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Wall St. ends down slightly after Yellen comments  [Reuters] 22 May, 2015
NEW YORK (Reuters) - U.S. stocks ended weaker on Friday after Federal Reserve Chair Janet Yellen indicated the central bank was poised to raise interest rates this year, in line with broad expectations on Wall Street.
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Microsoft, Salesforce talks fell through on pricing: CNBC  [Reuters] 22 May, 2015
(Reuters) - Microsoft Corp and Salesforce.com Inc held "significant talks" this spring but could not reach a deal over pricing, CNBC reported, citing people familiar with the matter.
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Firmer underlying inflation keeps Fed on rate hike path  [Reuters] 22 May, 2015
WASHINGTON (Reuters) - Rising shelter and medical care costs boosted underlying U.S. inflation pressures in April, a welcome sign for the Federal Reserve as it contemplates raising interest rates this year.
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Microsoft, Salesforce talks fall through on pricing: CNBC  [Reuters] 22 May, 2015
(Reuters) - Microsoft Corp and Salesforce.com Inc held "significant talks" this spring but could not reach a deal over pricing, CNBC reported, citing people familiar with the matter.
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Wall Street flat, Yellen comments in line with expectations  [Reuters] 22 May, 2015
(Reuters) - U.S. stocks were flat on Friday after Federal Reserve Chair Janet Yellen said it would be appropriate to raise interest rates this year if the economy continues on its current path, in line with broad expectations on W ...
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Microsoft, Salesforce held 'significant' talks this spring: CNBC  [Reuters] 22 May, 2015
(Reuters) - Microsoft Corp held "significant" talks with Salesforce.com Inc this spring and was willing to offer about $55 billion for the company, CNBC reported, citing people familiar with the situation.
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Fed on track to hike rates as economic headwinds wane: Yellen  [Reuters] 22 May, 2015
WASHINGTON/PROVIDENCE (Reuters) - Federal Reserve Chair Janet Yellen on Friday said she expected the central bank to raise rates this year as the U.S. economy was on course to bounce back from a sluggish first quarter and as headw ...
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S&P, Dow dip after inflation rises; Yellen speech awaited  [Reuters] 22 May, 2015
(Reuters) - The S&P 500 and Dow fell in early afternoon trading on Friday, retreating from recent record highs, as investors await Federal Reserve Chair Janet Yellen's economic outlook for clues on the timing of a rate hi ...
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Contest for Nokia's HERE seen as a three-way race  [Reuters] 22 May, 2015
NECKARSULM, Germany (Reuters) - The contest for Nokia's maps business has become a three-way race between German carmakers, a consortium including Uber and Baidu, and a third group including China's Tencent and Navinfo, ...
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NEPRA approves Rs1.75 per unit cut in K-Electric tariff  [Geo TV] 22 May, 2015
KARACHI: The National Electric Power Regulatory Authority (NEPRA) has approved Rs1.75 per unit cut in the tariff o
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Fed still seen in lift-off mode as Yellen takes center stage  [Reuters] 22 May, 2015
NEW YORK (Reuters) - The U.S. Federal Reserve is likely to stick with plans to raise interest rates later this year, with progress towards its employment and inflation goals helping allay concerns over the economy's recent we ...
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Germany, France usher Greece back to negotiating table  [Reuters] 22 May, 2015
RIGA (Reuters) - European leaders told Greece on Friday to return to the negotiating table for "intensive work" to wrap up a reform agreement before cash runs out, sidestepping Athens' demand for a comprehensive, long-term so ...
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Exclusive: Altice seeks financing for Time Warner Cable bid: sources  [Reuters] 22 May, 2015
SAN FRANCISCO/LONDON (Reuters) - French telecommunications group Altice SA is in talks with several banks about raising debt for a bid for Time Warner Cable Inc, the second-largest U.S. cable operator, according to people familiar ...
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