Business

(Reuters) – Facebook’s 9.2 percent jump after blockbuster results and gains in chipmakers powered technology stocks on Thursday, with easing U.S. bond yields helping the sentiment on Wall Street. Traders work on the floor of the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., April 20, 2018. REUTERS/Brendan
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JERUSALEM (Reuters) – Three directors are stepping down from the board at Teva Pharmaceutical Industries (TEVA.TA) (TEVA.N) and only one new director is being nominated to replace them, the generic drugmaker said on Thursday. A man cleans near the logo of Teva Pharmaceutical Industries at their plant in Jerusalem December 14, 2017. REUTERS/Ammar Awad Ronit
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(Reuters) – U.S. chipmaker Qualcomm Inc’s (QCOM.O) quarterly profit and revenue topped Wall Street forecasts, suggesting that a slowdown in the global smartphone business might be less severe than feared after a string of weak forecasts from suppliers. FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego, California, U.S. November 6,
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HONG KONG/SHANGHAI (Reuters) – Western banks are seeking clarification from China’s securities watchdog on proposals to allow them to take over their onshore securities ventures, amid concerns about high asset value requirements and limits to ownership by non-financial investors. FILE PHOTO: An advertising board (L) showing a Chinese stone lion is pictured near an entrance
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WASHINGTON (Reuters) – U.S. President Donald Trump said on Tuesday that a new North American Free Trade Agreement could be agreed quickly, as Canada hailed progress on forging new rules for the auto industry, the pivotal issue in talks to revamp the 24-year-old accord. U.S. President Donald Trump speaks during a tree planting ceremony with
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FRANKFURT (Reuters) – Deutsche Bank AG (DBKGn.DE) may spell out strategy changes for its investment bank on Thursday along with first-quarter earnings, a person with knowledge of the matter said on Tuesday. The head quarters of Germany’s largest business bank, Deutsche Bank, is photographed in Frankfurt, Germany, December 6, 2017. REUTERS/Kai Pfaffenbach The person spoke
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(Reuters) – Oilfield services provider Halliburton Co (HAL.N) reported a 34 percent jump in first-quarter revenue on Monday as North American companies boosted oil and gas production amid rising oil prices. FILE PHOTO: Halliburton’s campus in Houston, Texas, U.S. May 18, 2017. REUTERS/Daniel Kramer/File Photo The jump in revenue came despite a $312 million writedown
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SAYANOGORSK, Russia (Reuters) – Workers at one of Russia’s biggest aluminum smelters say their Siberian town is doomed unless Moscow mitigates U.S. sanctions against aluminum giant Rusal, a predicament mirrored across the company’s sprawling operations. FILE PHOTO: Aluminium ingots are seen stored at the foundry shop of the Rusal Krasnoyarsk aluminium smelter in Krasnoyarsk, Siberia,
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BERLIN (Reuters) – German healthcare group Fresenius SE (FREG.DE) said it had decided to pull out of its planned acquisition of Akorn (AKRX.O) after it found data integrity breaches at the U.S. generic drug maker. Fresenius headquarters in Bad Homburg near Frankfurt, Germany, February 27, 2018. REUTERS/Ralph Orlowski Fresenius agreed last year to buy the
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WASHINGTON (Reuters) – The World Bank’s shareholders on Saturday endorsed a $13 billion paid-in capital increase that will boost China’s shareholding but bring lending reforms that will raise borrowing costs for higher-middle-income countries, including China. World Bank President Jim Yong Kim attends the Development Committee meeting during the IMF/World Bank spring meeting in Washington, U.S.,
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