Business

SYDNEY (Reuters) – Asian shares neared all-time peaks on Monday after Wall Street boasted its best start to a year in over a decade, with brisk economic growth and benign inflation proving a potent cocktail for risk appetite. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.1 percent having climbed 3.1 percent last
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DUBLIN (Reuters) – Former World Trade Organization director general Peter Sutherland, who was also a long-serving chairman of oil giant BP (BP.L) and the overseas arm of Goldman Sachs (GS.N), died on Sunday aged 71. The Jesuit-educated barrister, who also served as Ireland’s youngest attorney general and then youngest European Union commissioner during the 1980s,
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BERLIN (Reuters) – Volkswagen (VOWG_p.DE) group sales probably rose to around 10.7 million cars last year and kept the German behemoth ahead of Toyota (7203.T) as the world’s largest automaker, Bild am Sonntag reported, citing in-house VW estimates. Higher delivery figures across the group, which includes premium brands Audi (NSUG.DE) and Porsche, helped drive revenue
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BERLIN (Reuters) – A senior U.S. sales manager has quit Volkswagen’s (VOWG_p.DE) North America operations just as the carmaker’s deliveries in the world’s second-largest auto market fall steeply. Ron Stach, senior vice president of sales at Volkswagen of America, has left the automaker, a spokesman for VW in the United States said on Saturday, confirming
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(Reuters) – Apple Inc (AAPL.O) will release a patch for the Safari web browser on its iPhones, iPads and Macs within days, it said on Thursday, after major chipmakers disclosed flaws that leave nearly every modern computing device vulnerable to hackers. On Wednesday, Alphabet Inc’s (GOOGL.O) Google and other security researchers disclosed two major chip
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LONDON (Reuters) – Oil rose above $68 a barrel to its highest since May 2015 on Thursday after unrest in Iran raised concerns about supply risks, with support also coming from OPEC-led output cuts and demand-boosting cold weather in the United States. Six days of anti-government protests in OPEC’s third-largest producer have added a geopolitical
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HONG KONG (Reuters) – China’s Dalian Wanda Group is considering a Hong Kong listing for its sports assets as part of efforts to rationalize its portfolio that could also include other sales, according to five people familiar with the situation. The conglomerate last month tapped investment banks for a potential initial public offering of its
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(Reuters) – A U.S. government panel rejected Ant Financial’s acquisition of MoneyGram International Inc (MGI.O) over national security concerns, the companies said on Tuesday, the most high-profile Chinese deal to be torpedoed under the administration of U.S. President Donald Trump. The $1.2 billion deal’s collapse represents a blow for Jack Ma, the executive chairman of
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LONDON (Reuters) – Oil prices eased on Tuesday after hitting mid-2015 highs in early trading, as major pipelines in Libya and the UK restarted and U.S production soared to the highest in more than four decades. It was the first time since January 2014 that the two crude oil benchmarks opened the year above $60
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Gaming revenue in the Chinese territory of Macau rose for the first time in three years in 2017 as high-end punters’ appetite for gambling recovers after a protracted government campaign against shows of wealth among public officials and slowing economic growth. Figures from Macau’s Gaming Inspection and Coordination bureau on Monday showed revenues rose 19
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BERLIN (Reuters) – The German government will probably lose a 150 million-euro government-backed loan to insolvent Air Berlin because the European Union opposed Lufthansa’s purchase of Air Berlin’s Austrian unit, Niki, a senior member of Chancellor Angela Merkel’s conservatives said on Sunday. British Airways owner IAG (ICAG.L) said on Friday that it would buy Niki
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FRANKFURT (Reuters) – The chief executive of German energy producer Uniper (UN01.DE) has criticized Finnish suitor Fortum (FORTUM.HE) for a lack of clarity about its intentions in a planned 8 billion euro ($9.6 billion) takeover of the company. Fortum has agreed to buy 47 percent of Uniper from Uniper’s parent E.ON (EONGn.DE) and offered the
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