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Uber suspends service in Morocco after two years

February 19, 2018 by  
Filed under News

BRUSSELS (Reuters) – Uber said on Monday it would suspend operations in Morocco, two years after they began, as it tries to bring its business into line with local laws.


Source: Reuters Business News

World stocks break recovery streak with U.S. and China closed

February 19, 2018 by  
Filed under News

LONDON (Reuters) – World stocks were set to post their first loss in five days on Monday, breaking a winning streak that saw them recover almost half their losses from a violent sell-off two weeks ago.


Source: Reuters Business News

How a U.S. coal deal warmed Ukraine's ties with Trump

February 19, 2018 by  
Filed under News

KIEV (Reuters) – For the first time in Ukraine’s history, U.S. anthracite is helping to keep the lights on and the heating going this winter following a deal that has also helped to warm Kiev’s relations with President Donald Trump.


Source: Reuters Business News

BlackRock raises U.S. equities to overweight on earnings momentum

February 19, 2018 by  
Filed under News

LONDON (Reuters) – The world’s biggest asset manager BlackRock has upgraded its view on U.S. equities to “overweight”, citing very strong earnings momentum, while cutting European stocks to neutral.


Source: Reuters Business News

Global mining deals jump 15 percent by value in 2017: EY

February 19, 2018 by  
Filed under News

LONDON (Reuters) – The value of global mining and metals deals hit a four-year high in 2017, according to accountancy firm EY, as financial distress abated and companies sold off non-core assets.


Source: Reuters Business News

India's Reliance, global tech firms to invest $9.3 billion in industrial area

February 18, 2018 by  
Filed under News

MUMBAI (Reuters) – India’s Reliance Industries Ltd and global technology companies will invest 600 billion rupees ($9.34 billion) over 10 years to set up an integrated industrial area in the western state of Maharashtra, the company’s chairman Mukesh Ambani said.


Source: Reuters Business News

In boost to reform, Saudi Arabia's cabinet approves bankruptcy law

February 18, 2018 by  
Filed under News

DUBAI/KHOBAR, Saudi Arabia (Reuters) – Saudi Arabia’s cabinet has approved a bankruptcy law, sources familiar with the matter said on Sunday, giving a boost to efforts to make the kingdom more enticing to investors.


Source: Reuters Business News

Billion dollar diamond fraud case puts India's state banks in focus

February 18, 2018 by  
Filed under News

By Krishna N. Das, Aditya Kalra, Devidutta Tripathy and Tom Lasseter


Source: Reuters Business News

Software may have helped Daimler pass U.S. emissions tests: report

February 18, 2018 by  
Filed under News

BERLIN (Reuters) – U.S. investigators probing Mercedes maker Daimler have found that its cars were equipped with software which may have help them to pass diesel emissions tests, a German newspaper reported on Sunday, citing confidential documents.


Source: Reuters Business News

Proxy advisory firm ISS says Qualcomm should negotiate sale to Broadcom

February 17, 2018 by  
Filed under News

(Reuters) – U.S. semiconductor company Qualcomm Inc should try to negotiate a sale to Broadcom Ltd following the latter’s sweetened $121 billion offer, proxy advisory firm Institutional Shareholder Services Inc (ISS) said.


Source: Reuters Business News

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