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Shares eye record high as Fed heads for 2017 hat-trick

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LONDON (Reuters) - Global shares were within a whisker of a record high on Wednesday as markets traded on expectations of a third U.S. interest rate hike this year and waited to hear from the Federal Reserve how many more are likely in…

WTO struggles to hone global trade vision after U.S. turnabout

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BUENOS AIRES (Reuters) - Trade ministers looked set to wrap up their biennial World Trade Organization (WTO) meeting without having reached a single agreement on Wednesday, still reeling from criticism brought by the United States, once…

Trump to make final tax push as Republican negotiators near deal

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WASHINGTON (Reuters) - U.S. President Donald Trump will make a final push on Wednesday to shepherd a Republican tax overhaul across the finish line, hosting congressional negotiators for lunch before a speech in which he will make closing…

Airbus leadership under fire as crisis deepens

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TOULOUSE/PARIS (Reuters) - Airbus is engulfed in a fresh bout of speculation over the future of senior managers as corruption probes rattle the aerospace company and add fuel to a long-running clash of egos at the top, people familiar with…

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Westfield $16 billion Unibail-Rodamco sale rings the bell on retail's next chapter

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SYDNEY/MELBOURNE (Reuters) - For investors in Australia's Westfield Corp , its $16 billion sale to European property giant Unibail-Rodamco may mark a turning point for a mall industry under pressure to reinvent itself amid fierce online…

VW bank expects profit rise in 2017 despite diesel scandal

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FRANKFURT (Reuters) - The financial arm of German carmaker Volkswagen said on Wednesday that it expects a rise in operating profit in 2017, despite a diesel scandal that has rocked the industry.


South Korean officials grapple with Bitcoin mania

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South Korea says it may tax capital gains from cryptocurrency trading as global regulators worried about a bubble, with officials warning of a ‘speculative mania” that has seen the digital asset making rip-roaring gains.


With rate hike in the bag, Fed may hint at Trump effect on economy

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WASHINGTON (Reuters) - The Federal Reserve is widely expected to raise interest rates on Wednesday, but, more significantly, it may give its strongest hint yet on how the Trump administration's tax overhaul could affect the U.S. economy.


Google launching artificial intelligence research center in China

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BEIJING (Reuters) - Alphabet Inc's Google said on Wednesday it is opening an artificial intelligence (AI) research center in China to target the country's local talent, even as the U.S. search firm's products remain blocked in the country.


Lyft goes overseas for the first time in Canada


Lyft on Tuesday launched its service in Toronto, marking the first time it has taken its battle against the much larger Uber outside of the United States. Jane Lanhee Lee reports.

Dow, S&P close at record highs

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Boeing and bank shares lifted the Dow and S&P 500 to record closing highs, but tech stocks dragged down the Nasdaq. Fred Katayama reports.


S&P, Dow rise with help from banks; Nasdaq lags

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NEW YORK (Reuters) - The S&P 500 and the Dow industrials registered record closing highs on Tuesday with a boost from bank stocks as investors eyed a potential cut in U.S. corporate taxes and continued economic growth after strong…

Europe's Unibail bids $16 billion for Westfield to counter online threat

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SYDNEY/MELBOURNE/PARIS (Reuters) - Europe's biggest property firm Unibail-Rodamco is to buy U.S. and UK mall operator Westfield Corp for $16 billion, in a defensive move to create a global leader in a sector grappling with the online…

Bitcoin hits another record high in march toward $20,000

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NEW YORK (Reuters) - Virtual currency bitcoin hit another all-time peak on Tuesday, two days after the launch of the first ever bitcoin futures on a U.S. exchange and ahead of the start of another futures contract next week, as investors…


U.S. transit agencies cautious on electric buses despite bold forecasts

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LOS ANGELES (Reuters) - Communities across the United States are looking to replace their dirty diesel buses, ushering in what some analysts predict will be a boom in electric fleets. But transit agencies doing the buying are moving…


Tezos director resigns, sowing more uncertainty at crypto startup

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LONDON/ZURICH (Reuters) - One of the three board members of the Swiss foundation that conducted the online fundraiser for the embattled Tezos cryptocurrency tech project has resigned, Reuters has learned.

UPDATE 1-PepsiCo makes biggest public pre-order of Tesla Semis: 100 trucks

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SEATTLE (Reuters) - PepsiCo Inc has reserved 100 of Tesla Inc's new electric Semi trucks, the largest known order of the big rig, as the maker of Mountain Dew soda and Doritos chips seeks to reduce fuel costs and fleet emissions, a company…


Austria gas explosion spells problems for Europe


An explosion and fire that ripped through Austria's main gas pipeline hub on Tuesday that killed one person and injured several others, has prompted Italy to declare a state of emergency as flows from the strategic site were cut off - and…


Producer prices rise sharply

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Rising gas prices drove the U.S. producer price index to its largest annual gain in nearly six years. Fred Katayama reports.

Mall owners to merge in $16-billion Westfield deal

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France's Unibail-Rodamco has agreed to buy shopping mall owner Westfield Corp for $15.7 billion (11.8 billion pounds), in what would be the biggest takeover of an Australian company on record.

Tuesday, Dec 12

Trump's push to cut federal jobs has modest impact, mostly in defense

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WASHINGTON (Reuters) - President Donald Trump's campaign to shrink the "bloated federal bureaucracy" so far has made a small dent in the federal workforce, and that largely because of a decline in civilian defense jobs.

Bitcoin slips to around $16,300, futures volumes drop

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SINGAPORE (Reuters) - Virtual currency bitcoin dipped slightly from the previous session's record highs on Tuesday, after a month of whirlwind and volatile gains leading up to the launch of bitcoin futures on the weekend.

GLOBAL MARKETS-Asia shares take a time out, Brent breaks above $65

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SYDNEY (Reuters) - Asian shares took a small step back on Tuesday after three straight sessions of gains, with markets consolidating in the hope an upswing in global growth could outlast a likely hike in U.S. borrowing costs this week.

Exclusive: Comcast drops bid for Fox assets, leaving Disney in pole position

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(Reuters) - Comcast Corp said on Monday it had abandoned its bid for most of the assets of Rupert Murdoch’s Twenty-First Century Fox Inc, leaving Walt Disney Co as the sole suitor in pursuit of the $40 billion-plus deal.

Monday, Dec 11

Bitcoin futures suggest breakneck rise in price to slow

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By Saqib Iqbal Ahmed, Jemima Kelly and Gertrude Chavez-Dreyfuss

Hackers hit U.S., Russian banks in ATM robbery scam: report

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FRANKFURT (Reuters) - A previously undetected group of Russian-language hackers silently stole nearly $10 million from at least 18 mostly U.S. and Russian banks in recent years by targeting interbank transfer systems, a Moscow-based…

UPDATE 6-Newly minted bitcoin futures indicate more modest growth ahead

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NEW YORK/SYDNEY/LONDON (Reuters) - Newly launched bitcoin futures indicated on Monday that financial markets expect the cryptocurrency to climb further but at a far slower rate than in recent weeks as warnings of a bubble grew.

Hotly anticipated bitcoin futures debut in sedate fashion

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NEW YORK (Reuters) - The eagerly anticipated launch of futures trading of the world's largest cryptocurrency bitcoin got off to a positive start on Sunday, with the price nearly 9 percent ahead after briefly slipping below its opening…

Sunday, Dec 10

Steinhoff calls in Moelis and AlixPartners to advise ahead of lenders' meeting

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BERLIN (Reuters) - Troubled international retail conglomerate Steinhoff , whose shares plunged last week after disclosing accounting problems, said on Sunday it had appointed two advisory firms ahead of a meeting with lenders on Dec. 19.

Bangladesh minister says wants to 'wipe out' Manila bank for heist role

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DHAKA (Reuters) - Bangladesh's finance minister said late on Saturday he wanted to "wipe out" a Philippines bank that was used to channel $81 million stolen from the Bangladeshi central bank's account with the Federal Reserve Bank of New…

China considers nuclear option to solve winter heating woes


With its smog-prone northern region desperate to cut coal consumption, China is actively looking to deploy nuclear power to solve its winter heating needs - but cost issues and public safety concerns could still hold developers back.

South Korea's Hyundai says faces headwinds from weaker yen next year

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SEOUL (Reuters) - South Korean automakers face a major headwind from a weakening Japanese yen, which will boost rivals like Toyota Motor Corp. next year, a Hyundai Motor think tank said.

Friday, Dec 8

Bitcoin drops after dramatic gains ahead of futures launch

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LONDON/NEW YORK (Reuters) - Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.

Bitcoin tumbles after dramatic gains ahead of futures launch

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LONDON/NEW YORK (Reuters) - Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.

Bitcoin plummets more than 12 percent to below $15,000

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TOKYO (Reuters) - Bitcoin tumbled more than 12 percent in volatile Asian trading on Friday, dropping below the $15,000 level after touching a record high above $16,000 earlier in the session.

UPDATE 4-Bitcoin blows past $16,000, alarm bells ring louder

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LONDON/NEW YORK (Reuters) - Bitcoin rocketed to a lifetime high well above $16,000 on Thursday after climbing some 67 percent over one week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst.