REFILE-UPDATE 6-Democrat Warren takes step to challenge Trump in 2020

WASHINGTON () – U.S. Senator Elizabeth Warren, a liberal firebrand who has taken on Wall Street and traded barbs with Donald Trump, on Monday became the most prominent Democrat to announce a challenge to the Republican president in 2020. Warren said she had formed an exploratory committee, which will allow her to begin raising money […]

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China’s Faraday Future ends dispute with main investor

() – Chinese electric vehicle developer Faraday Future said on Monday it signed a new restructuring agreement with a unit of its main investor, Evergrande Health Industry Group Ltd (0708.HK), ending a bitter legal fight and clearing the path for raising funds. Season Smart, which agreed to be bought by China’s Evergrande Health, will now […]

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CORRECTED-Brazilian businesses seek quick action from Bolsonaro on deficit

SAO PAULO () – Brazil’s business community will give far-right President-elect Jair Bolsonaro little in the way of a honeymoon as it presses him to make good on campaign promises to tame the country’s bureaucracy and erase a yawning public deficit. FILE PHOTO: Brazil’s President-elect Jair Bolsonaro speaks in a synagogue in Rio de Janeiro, […]

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Brazilian businesses seek quick action from Bolsonaro on deficit

SAO PAULO () – Brazil’s business community will give far-right President-elect Jair Bolsonaro little in the way of a honeymoon as it presses him to make good on campaign promises to tame the country’s bureaucracy and erase a yawning public deficit. FILE PHOTO: Brazil’s President-elect Jair Bolsonaro speaks in a synagogue in Rio de Janeiro, […]

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UPDATE 2-Democratic Senator Warren takes step toward 2020 U.S. presidential bid

WASHINGTON () – U.S. Senator Elizabeth Warren, a liberal firebrand and Wall Street antagonist, took the first step toward a 2020 White House run on Monday, becoming the most prominent Democrat to announce a challenge to Republican President Donald Trump. FILE PHOTO: U.S. Senator Elizabeth Warren (D-MA) leaves after delivering a major policy speech on […]

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The unexpected moneymaker in 2018: euro zone government bonds

LONDON () – Economic optimists have for years been misguidedly predicting the twilight of the boring, safety-first bond market. And the year gone by was another one that proved them wrong, particularly in the euro zone. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September […]

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UPDATE 1-Indian banks’ bad loans may decline further by March

(Adds quote, details) Dec 31 () – India’s central bank on Monday said the proportion of commercial lenders’ non-performing assets (NPAs) may fall slightly to 10.3 percent by March, thanks to measures including the creation of a bankruptcy code. In June, the Reserve Bank of India (RBI) had said commercial lenders’ ratio for gross bad […]

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UPDATE 1-Democratic Senator Warren takes step toward 2020 U.S. presidential bid

WASHINGTON () – U.S. Senator Elizabeth Warren took the first step toward a 2020 presidential run on Monday, becoming the most prominent Democrat to announce a challenge to Republican President Donald Trump. FILE PHOTO: U.S. Senator Elizabeth Warren (D-MA) leaves after delivering a major policy speech on « Ending corruption in Washington » at the National Press […]

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UPDATE 1-European shares in tentative New Year’s Eve rise after bruising 2018

LONDON () – European shares closed slightly higher on Monday as soothing comments from Washington and Beijing about trade frictions between the world’s top two economies provided some comfort for investors as a bruising year in equity markets drew to a close. Stock index price for France’s CAC 40 and company stock price information are […]

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GRAPHIC-US companies repatriate over half a trillion dollars in 2018, but pace slows

() – U.S. companies have sent home over half a trillion dollars of cash they held overseas in 2018 to take advantage of tax changes, but data suggest the pace is slowing, potentially removing a key source of support for Wall Street. FILE PHOTO: U.S. Dollar banknotes are seen in this photo illustration taken February […]

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Asian shares post sharpest losses in 7 years in 2018

Dec 31 () – Asian stock markets ended 2018 with negative returns in dollar terms, weighed down by trade tensions and slowing profit growth. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 16 percent this year in its sharpest drop since 2011. Chinese equities were the top losers in the region, shedding about 29 […]

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RPT-GRAPHIC-A euro curse? European banking stocks’ lost decades

(Repeats to add bylines; no change in text.) By Ritvik Carvalho and Julien Ponthus LONDON, Dec 31 () – Paris, December 31, 1998: Fearing his country’s pay-as-you-go pension scheme is unsustainable, a 40-year old French engineer – let’s call him Jean Dupont – makes a New Year resolution. Hoping the introduction of the euro the […]

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European shares in tentative New Year’s Eve rise after bruising 2018

LONDON () – European shares were slightly higher in early deals on Monday as soothing comments from Washington and Beijing about trade frictions between the world’s top two economies provided some salve for investors after a bruising year in equity markets. Stock index price for France’s CAC 40 and company stock price information are displayed […]

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CORRECTED-Sorrell’s S4 reports new deals, 51 pct revenue jump

Sir Martin Sorrell attends a conference at the Cannes Lions International Festival of Creativity, in Cannes, France, June 22, 2018. /Eric Gaillard() – Martin Sorrell’s new era advertising firm S4 Capital (SFOR.L) said on Monday it had secured two major new clients in the run up to Christmas as it reported like-for-like revenue had jumped […]

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Sorrell’s S4 reports new deals, 51 pct revenue jump

Sir Martin Sorrell attends a conference at the Cannes Lions International Festival of Creativity, in Cannes, France, June 22, 2018. /Eric Gaillard() – Martin Sorrell’s new era advertising firm S4 Capital (SFOR.L) said on Monday it had secured two major new clients in the run up to Christmas as it reported like-for-like revenue had jumped […]

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SE Asia Stocks-Singapore, Malaysia rise after Trump-Xi trade phone call

Dec 31 () – Singaporean and Malaysian stocks rose on Monday in thin year-end trading as a phone call between U.S. and Chinese leaders spurred hopes that the two economic heavyweights would reach a deal that could ease their damaging trade standoff. While other markets in the region were shut, Singapore and Malaysia gained modestly, […]

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BOK chief sees need to maintain accommodative stance

FILE PHOTO: Bank of Korea Governor Lee Ju-yeol speaks during a news conference in Seoul, South Korea, November 30, 2017. /Kim Hong-JiSEOUL () – South Korea’s central bank chief said in a New Year’s message on Monday that policy should remain accommodative next year as demand-side inflation pressures were expected to remain low. “For the […]

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China’s services activity picks up in December – official PMI

BEIJING, Dec 31 () – Growth in China’s services industry picked up in December after a two-month slowdown, an official survey showed, offering some respite for the slowing economy though the outlook remains gloomy as domestic and external risks to growth rise. The official non-manufacturing Purchasing Managers’ Index (PMI) released on Monday rose to 53.8 […]

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