- Reurers-Business 07:18December 12, 2019Australia tells Facebook and Google to commit to competition rules, or elseAustralia said on Thursday technology giants such as Facebook Inc and Google will have to agree to new rules to ensure they do not abuse their market power and damage competition, or the government will impose new controls on them.
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- Reurers-Business 05:55December 12, 2019Oil prices gain as OPEC revises deficit forecastOil prices edged higher on Thursday with the market mood switching to relief as OPEC forecast a supply deficit next year, from doom and gloom over data showing a surprise increase in U.S. crude inventories.
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- Reurers-Business 05:41December 12, 2019Asian shares climb on dovish Fed, but Brexit hurdle loomsAsian stocks rose on Thursday to the highest in a month after the Federal Reserve signaled rate settings were likely to remain accommodative, but the imminent UK election and a deadline for Sino-U.S. trade talks kept investors cautious.
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- Reurers-Business 04:38December 12, 2019Oil prices stabilize on OPEC supply deficit forecastOil prices steadied on Thursday with the market mood switching to relief as OPEC forecast a supply deficit next year, from doom and gloom over data showing a surprise increase in U.S. crude inventories.
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- Reurers-Business 04:09December 12, 2019Asian shares rise as Fed cheer offsets trade, UK angstAsian stocks edged higher on Thursday after the Federal Reserve signaled rate settings were likely to remain accommodative but the imminent UK election and a deadline for Sino-U.S. trade talks kept investors cautious.
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- Reurers-Business 03:45December 12, 2019High-stakes White House meeting expected Thursday to debate U.S.-China tariffs: sourcesU.S. President Donald Trump is expected to meet with top trade advisers on Thursday to discuss planned Dec. 15 tariffs on some $160 billion in Chinese goods, three sources familiar with the plans said, as markets braced for potential negative impacts.
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- Reurers-Business 02:31December 12, 2019FAA probes Boeing 737 MAX production, says it won't approve jets' return this yearThe U.S. Federal Aviation Administration said on Wednesday it was investigating production issues involving Boeing Co's 737 MAX and confirmed the agency will not approve the grounded commercial jet for flight before year end.
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- Reurers-Business 02:17December 12, 2019Continental Resources founder Hamm to step down as CEOLegendary U.S. oilman Harold Hamm, who once called the Organization of the Petroleum Exporting Countries a "toothless tiger," will step down as chief executive of Continental Resources and become its executive chairman, the company said on Wednesday.
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- Reurers-Business 02:13December 12, 2019Facebook sues ILikeAd, alleges ad fraud(This Dec. 5 story corrects first paragraph to clarify alleged timing of malware installation)
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- Reurers-Business 02:04December 12, 2019Factbox: How the North American trade deal will affect labor, environment, drugsNew amendments to the U.S.-Mexico-Canada trade agreement (USMCA) focus heavily on stronger labor enforcement, outlining a detailed process to address any allegations that Mexican factories are violating workers' rights.
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- Reurers-Business 01:55December 12, 2019Fed keeps rates on hold, points to 'favorable' economic outlook next yearThe U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs will not change anytime soon, with moderate economic growth and historically low unemployment expected to persist through the 2020 presidential election.
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- Reurers-Business 01:53December 12, 2019Home Depot says peak investments to pressure 2020 marginsHome Depot Inc , the No. 1 U.S. home improvement chain, on Wednesday forecast 2020 sales below Wall Street expectations and said major investments in its online overhaul program would pressure margins next year.
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- Reurers-Business 01:12December 12, 2019Fiat Chrysler's UAW members ratify new four-year contractThe United Auto Workers (UAW) union said on Wednesday that rank-and-file members at Fiat Chrysler Automobiles NV have voted in favor of a new four-year labor contract with the automaker, helping the Italian-American firm avoid a strike as it works to merge with France's Groupe PSA .
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- Reurers-Business 00:44December 12, 2019Continental Resources says founder Hamm to step down as CEOContinental Resources said on Wednesday founder Harold Hamm will step down as chief executive officer of the oil and gas producer and will be replaced by William Berry .
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- Reurers-Business 00:27December 12, 2019Fed keeps interest rates on hold amid 'favorable' economic outlookThe U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to continue through next year's presidential election.
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- Reurers-Business 00:23December 12, 2019Wall Street posts modest gain as Fed signals rates to hold for some timeWall Street's main stock indexes ended modestly higher on Wednesday after the U.S. Federal Reserve held interest rates steady and signaled that borrowing costs are likely to remain unchanged indefinitely.
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- Reurers-Business 00:22December 12, 2019Global stocks rise after Fed keeps rates on hold; oil fallsGlobal equity markets rose on Wednesday after the Federal Reserve indicated interest rates would remain on hold for some time - a positive for risk assets - while oil prices fell after data showed an unexpected increase in U.S. crude inventories.
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- Reurers-Business 00:09December 12, 2019Wall Street edges up after Fed holds rates steadyWall Street's main stock indexes ended modestly higher on Wednesday after the U.S. Federal Reserve held interest rates steady and signaled that borrowing costs are likely to remain unchanged indefinitely.
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- Reurers-Business 23:49December 11, 2019NYSE files amended direct listings proposalThe New York Stock Exchange on Wednesday filed an amended proposal for a rule change that would allow U.S direct listings to raise new capital like in an initial public offering (IPO).
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- Reurers-Business 23:47December 11, 2019JPMorgan to revamp wealth management business: WSJJPMorgan Chase & Co is combining its U.S. wealth-management operations for affluent clients and the Chase branch network's financial-advisory business into a new unit, The Wall Street Journal reported on Wednesday, citing a memo.
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- Reurers-Business 23:38December 11, 2019Global stocks extend gains after Fed keeps rates on hold; oil fallsGlobal equity markets rose on Wednesday after the Federal Reserve indicated interest rates would remain on hold for some time - a positive for risk assets - while oil prices fell after data showed an unexpected increase in U.S. crude inventories.
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- Reurers-Business 23:32December 11, 2019Intel hires former GlobalFoundries, IBM chip executiveIntel Corp has hired Gary Patton, according to an internal Intel memo seen by Reuters on Wednesday.
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- Reurers-Business 23:27December 11, 2019CEO of GM's Cruise driverless vehicle unit hints at offering low-cost shared ridesThe chief executive of autonomous vehicle company Cruise signaled on Wednesday the General Motors Co subsidiary intends to offer shared rides "at a radically lower cost" as part of a bid to move eventually "beyond the car."
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- Reurers-Business 23:04December 11, 2019Nestle sells U.S. ice cream brands to joint venture Froneri in $4 billion dealNestle SA has agreed to sell its U.S. ice cream business to Froneri in a deal valued at $4 billion, moving control of brands including Häagen-Dazs to a joint venture the Swiss group set up in 2016.
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- Reurers-Business 23:00December 11, 2019Oil drops on surprise U.S. crude build but tariff deadline eyedOil prices dropped almost 1% on Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a fresh round of tariffs by Washington on Chinese goods would come into force on Sunday.
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- Reurers-Business 22:56December 11, 2019Fed keeps interest rates on hold amid 'favorable' outlookThe U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to continue through next year's presidential election.
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- Reurers-Business 22:41December 11, 2019Gasoline, rents lift U.S. consumer inflation in NovemberU.S. consumer prices increased solidly in November, which together with labor market strength could support the Federal Reserve's intention to keep interest rates steady indefinitely after reducing borrowing costs three times this year.
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- Reurers-Business 22:33December 11, 2019Wall Street gains modestly after Fed signals rates to hold steady for some timeThe benchmark S&P 500 stock index slightly extended modest gains on Wednesday after the U.S. Federal Reserve held interest rates steady and signaled that borrowing costs are likely to remain unchanged indefinitely.
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- Reurers-Business 22:26December 11, 2019Fed leaves interest rates unchanged, expects moderate economic growth in 2020The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to continue through next year's presidential election.
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- Reurers-Business 22:26December 11, 2019Instant View: Fed stands pat on rates, expects no change in 2020The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to continue through next year's presidential election.
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- Reurers-Business 22:22December 11, 2019CEO of GM's Cruise hints at offering low-cost shared ridesThe chief executive of autonomous vehicle company Cruise signaled in a blog post on Wednesday that the General Motors Co subsidiary is shifting its focus to shared rides "at a radically lower cost."
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- Reurers-Business 22:16December 11, 2019Traders keep bets on extended Fed policy pauseU.S. short-term interest rate futures were slightly lower Wednesday after the Federal Reserve held interest rates steady and signaled most policymakers see little chance they will need to tweak borrowing costs until after next year's presidential election.
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- Reurers-Business 22:15December 11, 2019U.S. consumer inflation rises; Fed seen staying patU.S. consumer prices increased solidly in November, which together with labor market strength could support the Federal Reserve's intention not to cut interest rates again in the near term after reducing borrowing costs three times this year.
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- Reurers-Business 22:14December 11, 2019U.S. government posts $209 billion deficit in NovemberThe U.S. federal government recorded a $209 billion budget deficit in November as an increase in spending on programs like public health insurance outpaced gains in revenues, the Treasury Department said on Wednesday.
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- Reurers-Business 22:06December 11, 2019Fed holds rates steady, expects moderate economic growth next yearThe U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to continue through next year's presidential election.
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- Reurers-Business 22:03December 11, 2019Mexican businesses focus on labor provisions as they pore over USMCA trade deal textMexican business leaders on Wednesday began poring over texts of a new stricter trade deal with the United States and Canada, looking for details of how more intrusive enforcement of labor rules in Mexico would affect their operations.
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- Reurers-Business 21:58December 11, 2019FAA probes Boeing 737 MAX production, ex-manager warns of 'a factory in chaos'The U.S. Federal Aviation Administration said on Wednesday it was investigating production issues at Boeing Co's 737 MAX factory, raised by an ex-manager who warned that schedule pressure and worker fatigue undermined quality and raised safety risks.
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- Reurers-Business 21:58December 11, 2019Factbox: FAA chief says 737 MAX will not be cleared to fly in 2019U.S. Federal Aviation Administration (FAA) chief Steve Dickson confirmed on Wednesday the agency will not allow Boeing Co's grounded 737 MAX, involved in two fatal crashes in five months, to resume flying before the end of 2019.
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- Reurers-Business 21:36December 11, 2019Global airlines chief warns on spiraling delays to Boeing 737 MAXAirlines face significant problems if the return to service of the Boeing 737 MAX drags on for months longer, the head of the International Air Transport Association said on Wednesday.
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- Reurers-Business 21:29December 11, 2019U.S. chief executives back revised USMCA trade dealThe Business Roundtable, a trade group of top U.S. chief executives, announced Wednesday its members backed the revised U.S.-Mexico-Canada (USMCA) trade deal after negotiators brought the hard-won agreement across the finishing line.
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- Reurers-Business 21:26December 11, 2019Nestle moves U.S. ice cream brands to Froneri in $4 billion dealNestle has agreed to sell its U.S. ice cream business to Froneri, moving U.S. control of brands including Häagen-Dazs to the joint venture the Swiss group set up in 2016 with PAI Partners in a deal valued at $4 billion.
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- Reurers-Business 20:59December 11, 2019S&P 500, Nasdaq higher ahead of Fed meet; Dow hit by Boeing, Home DepotThe S&P 500 and the Nasdaq indexes held on to gains on Wednesday as traders awaited the Federal Reserve's December policy statement for clues on the domestic economy's strength, while the Dow Jones index was pressured by losses in Boeing and Home Depot.
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- Reurers-Business 20:47December 11, 2019Nestle to sell U.S. ice cream business to Froneri in $4 billion dealNestle has agreed to sell its U.S. ice cream business to Froneri, a joint venture the Swiss group set up in 2016 with PAI Partners, for a transaction value of $4 billion, it said on Wednesday.
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- Reurers-Business 20:38December 11, 2019FAA probing Boeing 737 production issues as Congress raises concernsThe Federal Aviation Administration (FAA) said Wednesday it has an ongoing investigation into reported production problems involving the Boeing 737 after a former employee reported extensive issues.
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- Reurers-Business 20:37December 11, 2019JPMorgan's Dimon endorses trade deal, tackles central bank measuresThe head of the Business Roundtable trade group of top U.S. chief executives said on Wednesday that he endorses the revised U.S.-Mexico-Canada (USMCA) trade deal after negotiators brought the hard-won agreement across the finishing line on Tuesday.
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- Reurers-Business 20:20December 11, 2019Factbox: Failure to launch - The biggest IPO pull-outs of 2019Private companies seeking to launch on stock markets have abandoned a series of initial public offerings (IPO) this year after a string of high-profile startups — most notably WeWork — failed to draw the expected interest from investors.
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- Reurers-Business 19:10December 11, 2019Explainer: What the U.S. Federal Reserve will be watching in 2020The U.S. Federal Reserve is expected to keep interest rates unchanged when it wraps up its final policy meeting of the year on Wednesday.
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- Reurers-Business 18:27December 11, 2019Dow hit by losses in Boeing, Home Depot; S&P 500, Nasdaq edge higherThe blue-chip Dow Jones index came under pressure from losses in Boeing and Home Depot on Wednesday, while the S&P 500 and the Nasdaq eked out gains as investors awaited the Federal Reserve's policy statement for clues on the strength of the economy.
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- Reurers-Business 18:27December 11, 2019American Eagle sees dull holiday quarter on higher markdownsAmerican Eagle Outfitters Inc forecast holiday-quarter profit and comparable sales below market expectations on Wednesday, as the apparel retailer ramps up promotions to counter sluggish demand for its flagship AE brand.
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- Reurers-Business 18:26December 11, 2019Thyssenkrupp's elevator unit eyes margin lift as sale nearsThyssenkrupp's elevator unit, which has been put up for sale by the ailing conglomerate, will cut costs, add lucrative service contracts and boost factory efficiency in a bid to raise margins and increase its appeal to potential buyers.
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