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 Latest Business and Finance News
Dow, S&P 500 end at record highs; BoJ move adds fuel to rally [Reuters]
NEW YORK (Reuters) - The Dow and S&P 500 ended at record highs on Friday and indexes posted stro ...Detail
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DuPont profit jumps 52 percent as margins improve  [Reuters] 28 Oct, 2014
(Reuters) - DuPont , the biggest U.S. chemicals producer by market value, reported a 52 percent jump in quarterly profit as operating margins rose in five of its seven businesses.
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Asia markets mixed, eyes on Fed meeting  [Geo TV] 28 Oct, 2014
HONG KONG: Asian markets were mixed Tuesday ahead of the US Federal Reserve´s next policy meeting, which will be s
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Shares push higher, bonds steady ahead of Fed  [Reuters] 28 Oct, 2014
LONDON (Reuters) - World stocks inched up and U.S. bond yields steadied after almost three weeks of gains on Tuesday with Federal Reserve policy setters expected to end six years of aggressive monetary stimulus.
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Japan's SoftBank kicks off $10 billion India online spree, buys stake in Snapdeal  [Reuters] 28 Oct, 2014
MUMBAI (Reuters) - Japanese telecom and media group SoftBank Corp has set its sights on Indian e-commerce in its aggressive expansion drive, saying it will invest about $10 billion in the booming sector as it took a strategic stak ...
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LSE downs by 21.99 points  [Business Recorder] 28 Oct, 2014
LAHORE: Lahore Stock Exchange here Tuesday witnessed bearsh trend by losing 21.99 points, as the LSE Index-25 opened with 5309.95 points and closed at 5287.96 points.The market's overall situation, however, corresponded to ...
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Dutch arm of Air France-KLM to shed 7,500 jobs: report  [Reuters] 28 Oct, 2014
AMSTERDAM (Reuters) - The Dutch arm of Air France-KLM plans to cut its workforce by 7,500 jobs, or 25 percent, largely through outsourcing, a Dutch daily newspaper reported on Tuesday.
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Lloyds dealt new blow with $1.5 billion mis-selling charge  [Reuters] 28 Oct, 2014
LONDON (Reuters) - Britain's Lloyds Banking Group has taken another 900 million pound ($1.5 billion) charge to compensate customers mis-sold loan insurance, delivering a further blow to the bank which only narrowly passed a E ...
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Samsung Galaxy Note 4 launch event dazzles Lahore  [Business Recorder] 28 Oct, 2014
LAHORE: Samsung's latest innovation the Galaxy Note 4 was launched through a Star-studded event-cum-concert, to create a delightful fanfare in Lahore. The Note 4 is the latest edition of a series of Android Smart Phablets fro ...
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Steps being taken to prevent damage from Nilofar: NA told  [Business Recorder] 28 Oct, 2014
ISLAMABAD: Federal Minister for Inter-Provincial Coordination Mian Riaz Hussain Pirzada on Tuesday informed the National Assembly that all possible steps were being taken to prevent damage from the Nilofar cyclone. The National Di ...
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Oil extends losses over weak price outlook  [Geo TV] 28 Oct, 2014
SINGAPORE: Oil moved lower in Asian trade Tuesday after Goldman Sachs slashed its price forecasts for the next two
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Lloyds takes another 900 million pounds hit for insurance mis-selling  [Reuters] 28 Oct, 2014
LONDON (Reuters) - Lloyds Banking Group took another 900 million pound ($1.45 billion) charge to compensate customers for mis-sold loan insurance on Tuesday and unveiled plans to axe 9,000 jobs and about 150 branches to cut costs. ...
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Lloyds bill for mis-selling insurance rises to over 11 billion pounds  [Reuters] 28 Oct, 2014
LONDON (Reuters) - Lloyds Banking Group said on Tuesday it would set aside a further 900 million pounds ($1.45 billion) to compensate customers for mis-sold loan insurance, bringing its total bill so far to over 11 billion pounds. ...
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Honda cuts sales guidance as recalls bite, roll-outs delayed  [Reuters] 28 Oct, 2014
TOKYO (Reuters) - Honda Motor Co Ltd cut its sales forecasts for this year citing competition in Japan and China as well as the impact of recalls on new model launches, but said a weak yen will help it stick to its operating profi ...
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Asian shares push higher ahead of Fed meeting  [Reuters] 28 Oct, 2014
TOKYO (Reuters) - Asian shares marked gains while the dollar held steady on Tuesday, as investors awaited the outcome of the U.S. Federal Reserve's two-day meeting that begins later in the session for clues to the direction o ...
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Honda Motor second-quarter profit falls four percent, misses estimates  [Reuters] 28 Oct, 2014
TOKYO (Reuters) - Honda Motor Co on Tuesday reported a 4.1 percent fall in second-quarter profit, missing analyst estimates, as it struggles with product recalls in the United States and Japan that could delay the development of n ...
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Standard Chartered profit falls 16%  [BBC News] 28 Oct, 2014
Standard Chartered intraday chart Standard Chartered posts a 16% fall in operating profit because of a restructuring in its South Korean business and an increase in bad loans.
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Apple CEO fires back as retailers block Pay  [Reuters] 28 Oct, 2014
LAGUNA BEACH Calif. (Reuters) - Apple Inc CEO Tim Cook fired back at CVS and Rite Aid on Monday after the drugstore chains blocked the iPhone maker's mobile payments service, saying there were plenty of other retailers around ...
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Alibaba's Ma says open to working with Apple on payments  [Reuters] 28 Oct, 2014
LAGUNA BEACH Calif. (Reuters) - Alibaba Group Holdings Ltd executive chairman Jack Ma said he's open to working with Apple Inc on mobile payments, as China's richest person prepares to call on Hollywood this week in sear ...
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GM to build more Chevy Volt parts in Michigan  [Reuters] 28 Oct, 2014
DETROIT (Reuters) - General Motors Co will shift production of the transmission on the 2016 Chevrolet Volt from Mexico to Michigan, the automaker said.
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Judge rejects creditors' bid for Argentine funds held by BNY Mellon  [Reuters] 28 Oct, 2014
NEW YORK (Reuters) - A U.S. judge refused on Monday to require Bank of New York Mellon Corp to turn over to holders of defaulted Argentine bonds any of the $539 million the country deposited to pay creditors who participated in it ...
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Asian shares, dollar tread cautiously ahead of Fed meeting  [Reuters] 28 Oct, 2014
TOKYO (Reuters) - Asian shares were modestly higher while the dollar held steady on Tuesday, as investors awaited the outcome of the U.S. Federal Reserve's two-day meeting that begins later in the session for clues to the dir ...
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More air bag recalls could test automakers' Takata ties  [Reuters] 28 Oct, 2014
BEIJING/TOKYO (Reuters) - Japan's Takata Corp , whose potentially defective car air bags have been linked to four deaths in the United States, is unlikely to be dumped by its automaker customers given the cost and disruption ...
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Asian shares drift lower, Fed meeting awaited  [Reuters] 28 Oct, 2014
TOKYO (Reuters) - Asian shares wobbled in early trade on Tuesday, with investors cautious ahead of the U.S. Federal Reserve's two-day meeting and as oil prices extended declines.
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Japan retail sales growth accelerates, offering signs of recovery  [Reuters] 28 Oct, 2014
TOKYO (Reuters) - Japanese retail sales growth accelerated for the third straight month in September in an encouraging sign that consumer spending could be strong enough to absorb a second sales tax increase scheduled for next yea ...
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Japan Sept retail sales rise 2.3 percent year-on-year  [Reuters] 27 Oct, 2014
TOKYO (Reuters) - Japanese retail sales rose 2.3 percent in September from a year earlier, government data showed on Tuesday, suggesting consumer spending is gradually picking up.
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Twitter users and engagement disappoint, shares dive  [Reuters] 27 Oct, 2014
SAN FRANCISCO (Reuters) - Twitter Inc posted a disappointing 7 percent slide in a closely watched measure of engagement even though its user base grew 23 percent in the third quarter, triggering a more than 9 percent decline in it ...
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Amgen profit tops Wall Street expectations; raises 2014 outlook  [Reuters] 27 Oct, 2014
(Reuters) - Amgen Inc on Monday reported higher-than-expected third quarter earnings and revenue, even as net profit fell due to a hefty restructuring charge, and the company raised its full-year forecast and the number of job cut ...
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Twitter user-engagement falls 7 percent, shares dive  [Reuters] 27 Oct, 2014
SAN FRANCISCO (Reuters) - Twitter Inc reported a disappointing 7 percent slide in a key measure of engagement by its users in the third quarter, triggering a selloff of more than 9 percent in its stock on Monday.
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Wall St. flat after last week's big gain; energy weighs  [Reuters] 27 Oct, 2014
NEW YORK (Reuters) - U.S. stocks ended near flat on Monday, pausing after the S&P 500's biggest weekly gain since January 2013, while energy shares fell with another decline in oil prices.
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Twitter forecasts soft fourth-quarter revenue, shares slide  [Reuters] 27 Oct, 2014
SAN FRANCISCO (Reuters) - Twitter Inc's quarterly revenue surpassed expectations but it forecast fourth-quarter sales that may miss targets, sending its shares more than 8 percent lower.
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