Business

NEW YORK (Reuters) – Oil prices turned lower on Tuesday, falling by about $1 a barrel as U.S. President Donald Trump said progress has been made with Iran, signaling tensions could ease in the Mideast. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann Brent crude
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WASHINGTON (Reuters) – The Trump administration said late on Friday it was issuing final rules to suspend a 2016 Obama administration regulation that more than doubled penalties for automakers failing to meet fuel efficiency requirements. FILE PHOTO: Traffic is pictured at twilight along 42nd St. in the Manhattan borough of New York, U.S., March 27,
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NEW DELHI (Reuters) – Walmart told the U.S. government privately in January that India’s new investment rules for e-commerce were regressive and had the potential to hurt trade ties, a company document seen by Reuters showed. FILE PHOTO: Walmart signs are displayed inside a Walmart store in Mexico City, Mexico, March 28, 2019. Picture taken
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HAMBURG/DETROIT (Reuters) – Ford Motor Co and Volkswagen AG (VOWG_p.DE) said on Thursday they are expanding their global alliance announced in January with deals expected to involve collaboration on electric and autonomous vehicles. FILE PHOTO – The Ford logo is pictured on the company’s stand during the 88th Geneva International Motor Show in Geneva, Switzerland,
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FILE PHOTO: Mark Nordlicht, Platinum Partners founding partner and chief investment officer, exits after a hearing at U.S. Federal Court in Brooklyn, New York, U.S., January 12, 2017. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Mark Nordlicht, the founder of defunct hedge fund firm Platinum Partners, was found guilty on Tuesday of defrauding bondholders of
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FILE PHOTO: Virgin Galactic founder Richard Branson speaks during an interview while attending the Space Symposium in Colorado Springs, Colorado, U.S., April 11, 2019. REUTERS/Kelsey Brunner (Reuters) – Richard Branson’s space-tourism venture, Virgin Galactic, is planning to go public as part of a deal with a special-purpose acquisition company (SPAC) created by Social Capital LP
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WASHINGTON (Reuters) – The United States and European Union should use common sense to move forward with formal negotiations about a trade agreement, instead of allowing disagreements over agriculture to block progress, a senior German diplomat told Reuters. U.S. President Donald Trump and President of the European Commission Jean-Claude Juncker speak about trade relations in
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FILE PHOTO: The Deutsche Bank headquarters are seen in Frankfurt, Germany October 29, 2015. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) plans to cut 18,000 jobs in a sweeping, 7.4 billion euro overhaul designed to turn around Germany’s struggling flagship lender The bank will also scrap its global equities business and scale back
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WASHINGTON (Reuters) – U.S. job growth rebounded strongly in June, with government payrolls surging, but persistent moderate wage gains and mounting evidence the economy was losing momentum could still encourage the Federal Reserve to cut interest rates this month. The Labor Department’s closely watched employment report on Friday suggested May’s sharp slowdown in hiring was
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People walk past Punjab National Bank’s Brady House branch in Mumbai, India June 14, 2018. REUTERS/Francis Mascarenhas MUMBAI (Reuters) – India’s state-run Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 million) in Bhushan Power & Steel Ltd’s account to the country’s central bank. The
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