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  • US judge temporarily blocks Xerox takeover by Fujifilm

    A US judge late Friday temporarily blocked the planned takeover of US photocopy maker Xerox by Japan's Fujifilm, saying the deal prioritized the interests of the Xerox CEO over that of the company's shareholders.

  • EU digital tax on corporate turnover faces uphill road

    A European Commission plan to tax the digital turnover of large companies drew scepticism on Saturday from the global rule-setting body on tax matters and some EU states, which called instead for an international solution.

  • US Fed to hold fire amid rising market sensitivity

    Markets do not expect the US Federal Reserve to raise interest rates this week, as policymakers take time to assess how much pressure is building in world's largest economy.

  • Saudi Aramco appoints first woman to the board

    Saudi Aramco, the world's top oil company which is preparing to go public, said on Sunday it has appointed new members to its board including a female executive, a milestone for Saudi Arabia and the oil industry where there are few women executives.

  • Strong Asian demand continues to hold up thermal coal markets

    Asian thermal coal demand is defying its typical seasonal slowdown as well as the expanding use of renewables and natural gas, with prices holding not far off $100 a tonne despite the onset of the usual lull at this time of year.

  • Saudi king launches building of entertainment mega-park

    Saudi Arabia's King Salman has launched construction of an "entertainment city" near Riyadh, part of a series of multi-billion dollar projects aimed at helping the oil-dependent kingdom diversify its economy.

  • Nokia sees weak first half

    Network equipment maker Nokia posted weaker than expected quarterly profits as telecom operators, particularly in North America, held off spending, but the company sees momentum building later in the year.

  • Facebook's future could look like Microsoft's past

    Facebook's future could look like Microsoft's past. Tumbling valuations and regulatory attacks crushed the shares of Bill Gates'

  • Singapore factory output up 5.9pc

    Singapore's industrial production grew slightly more than expected in March from a year earlier as electronics output continued to show strong growth, data showed on Thursday.

  • EU moves to regulate tech giants' business practices

    Tech giants including Google, Apple and Amazon will for the first time face rules governing their commercial relations with smaller businesses under a law proposed by the European Union on Thursday.

  • Volkswagen sees 'good start' to 2018 despite slip in profits

    German car giant Volkswagen on Thursday reported a drop in profits but nonetheless said strong sales got the year off to "a good start", as new CEO Herbert Diess pushes on with a post-dieselgate revamp of the behemoth.

  • China warns US against causing damage to trade in Huawei probe

    China warned the United States on Thursday against harming trade after a report that US authorities had opened an investigation into suspected violations of Iran sanctions by China's Huawei Technologies.

  • China’s economic fundamentals are strong

    China's economic fundamentals are strong and the country has sufficient policy tools to guard against systemic risks, People's Bank of China Governor Yi Gang said on Saturday, according to Xinhua.

  • World Bank shareholders approve $13b capital increase

    World Bank shareholders approved a "historic" increase in the bank's lending capacity Saturday after the United States backed a reform package that curbs loans and charges more for higher income countries like China.

  • IMF warns of risks as central banks tighten

    The International Monetary Fund urged central banks Wednesday to take a gradual and transparent approach to tightening monetary policy, warning that unexpected moves could shock the global economy.

  • British inflation drops to lowest level in year

    British inflation unexpectedly slowed in March to reach the lowest level in a year, data showed Wednesday, undermining the urgency of raising interest rates although analysts said a hike was still likely next month.

  • Fed says small firms lack key insurance for disasters

    Small US businesses hit by last year's natural disasters often suffered doubly since they did not have the right kind of insurance to cover their losses, according to a report Tuesday.

  • Amazon launches international shopping from US

    Amazon.com Inc has launched an international shopping feature that will enable customers across the world to shop more than 45 million items that can be shipped to their country from the United States.

  • EU pushes quick Japan trade deal in face of US protectionism

    The EU said on Wednesday it was leading the defence of free trade in the face of US "protectionism" as it unveiled plans to fast-track deals with Japan and Singapore.

  • VW's Electrify America to install EV chargers at Walmart stores

    Volkswagen AG unit Electrify America will install electric vehicle charging stations at more than 100 Walmart Inc store locations in 34 US states by mid-2019 as part of Electrify's plans to bolster charging infrastructure across the country, the two companies said on Wednesday.

  • Merkel wants European Monetary Fund with national oversight

    German Chancellor Angela Merkel backs the idea of a European Monetary Fund, provided national governments have sufficient oversight, sources close to her said before a visit by the French president.

  • Norwegian plastics recycler Tomra seeks to expand in China

    Norway's Tomra, the world's top maker of machines that collect plastic bottles and repay a deposit, is seeking to expand in China as governments worldwide work to limit waste, Chief Executive Stefan Ranstrand said on Wednesday.

  • Uber doubling down on India investments

    Ride-hailing giant Uber Technologies Inc is “doubling down” on its investments in India, one of its biggest markets, after its recent exit from Southeast Asia, its chief operating officer said on Wednesday.

  • Bank of England expects big Libor switch to start in earnest

    Financial markets should start accelerating efforts to ditch Libor in favor of the Bank of England's revamped interest rate benchmark being launched next week, a senior BoE official said.

  • German public sector unions, employers agree pay hike

    German unions on Wednesday said they had clinched a deal with employers giving public sector workers a "significant" salary boost, following a wave of strikes that hit airports, train stations, hospitals and daycares.

  • World shipping industry agrees to halve carbon emissions by 2050

    Members of the UN International Maritime Organisation on Friday struck a deal to halve carbon dioxide emissions from shipping by 2050 in a deal that will force the industry to redesign fleets.

  • US banks eyeing trade spat as earnings rise

    Large US banks reported increased first-quarter earnings Friday on higher interest rates and lower taxes, but cautioned that a trade war could stymie activity.

  • China to set up Hainan free trade zone by 2020

    China aims to establish a free trade zone in Hainan by 2020 and will encourage multinationals to set up their international and regional headquarters there, as part of plans to open up the province's economy to foreign investors.

  • Walmart close to buying majority of Flipkart

    Walmart Inc is likely to reach a deal to buy a majority stake in Indian e-commerce player Flipkart by the end of June in what could be the US retail giant's biggest acquisition of an online business, two people with direct knowledge of the matter said.

  • Global trade growth strong but at risk if conflict escalates: WTO

    World trade in goods is maintaining a robust recovery, but it still might falter if trade tensions escalate further, the World Trade Organisation said in its annual forecast on Thursday.

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