Business

(Reuters) – Wisconsin’s economic development agency on Wednesday approved a $3 billion incentives package for Taiwan-based Foxconn to build a massive liquid-crystal display plant in the state, Governor Scott Walker said. The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company’s headquarters in New Taipei City,
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BEIJING (Reuters) – Chinese regulations do not require foreign payment card firms to establish joint ventures to operate in the onshore market, the central bank said on Wednesday. FILE PHOTO: An American Express and a Visa credit cards are seen on a computer keyboard in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration/File Photo
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(Reuters) – Wall Street lost steam in late afternoon on Tuesday after scaling to record levels with the S&P and the Dow trading flat and the Nasdaq slipping on weak forecast from travel services company, Priceline. Trader Greg Rowe reacts after the closing bell on the floor of the New York Stock Exchange (NYSE) in
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SYDNEY (Reuters) – Asian shares hovered near decade highs on Monday as strong U.S. economic data and corporate earnings supported global stocks while major currencies held in tight ranges as investors focused on U.S. President Donald Trump’s tour of Asia this week. FILE PHOTO: An investor looks at an electronic screen at a brokerage house
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RIYADH (Reuters) – Saudi Arabia’s future king has tightened his grip on power through an anti-corruption purge by arresting royals, ministers and investors including billionaire Alwaleed bin Talal who is one of the kingdom’s most prominent businessmen. FILE PHOTO – Saudi Crown Prince Mohammed bin Salman attends the Future Investment Initiative conference in Riyadh, Saudi
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SYDNEY (Reuters) – Competition laws will allow Amazon to undercut local businesses with loss-making prices when it opens for business in Australia, expected to be later in November, the Australian competition regulator said on Saturday. The logo of the web service Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration Australian Competition
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FRANKFURT (Reuters) – T-Mobile US (TMUS.O) and Sprint (S.N) are working to salvage their $74 billion merger and could reach a deal within weeks, the Wall Street Journal reported, citing people familiar with the matter. FILE PHOTO: Smartphones with the logos of T-Mobile and Sprint are seen in this illustration taken September 19, 2017. REUTERS/Dado
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(Reuters) – Kellogg Co (K.N) surprised investors on Tuesday with its first quarterly sales increase in more than two years, showing it was turning a corner after massive cost cuts and a shift to healthier products, sending its shares up 7 percent. FILE PHOTO: Kellogg’s products of U.S. Kellogg Company are offered at a supermarket
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TOKYO (Reuters) – Asian stocks mostly rose on Tuesday, shaking off downbeat factory readings out of China, while the dollar sagged after investigators probing Russian interference in the 2016 U.S. election charged President Donald Trump’s former campaign manager. FILE PHOTO: People walk past an electronic stock quotation board outside a brokerage in Tokyo, Japan, September
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