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Uber suspends service in Morocco after two years

February 19, 2018 by  

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  

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  

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  

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  

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  

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  

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  

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  

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  

(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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