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Wednesday, July 26, 2017

Asia markets struggle as dollar resumes losses

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Asian markets struggled Tuesday while the dollar resumed its downward shift, with the focus turning to the Federal Reserve's latest gathering this week.While it is not expected to bring
Asia markets struggle as  dollar resumes losses

Indian stock markets soar to new records

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India's stock markets hit record highs on Tuesday with the National Stock Exchange's much-watched Nifty index breaking the psychological 10,000-point mark for the first time as traders take heart
Indian stock markets soar to new records

Greece returns to debt markets after three-year hiatus

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Greece returned to the debt markets for the first time in three years on Tuesday, with reports saying it was on track to raise funds at a lower cost,
Greece returns to debt markets after three-year hiatus

Shell shuts down key supply pipeline in Nigeria

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Anglo-Dutch energy giant Shell said Tuesday it has shut down a key crude supply pipeline in Nigeria's restive south because of a leak. Shell subsidiary the Shell Petroleum Development
Shell shuts down key supply pipeline in Nigeria

German business confidence hits record high in July

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Confidence among German business leaders hit a "euphoric" all-time high in July, the Munich-based Ifo institute said, beating analysts' expectations of a small decline.The survey-based index, closely watched by
German business confidence hits record high in July

European stock markets rise at open

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Europe's main stock markets experienced cautious gains at the start of trading on Tuesday, as investors turned their attention to this week's crucial US interest rate decision. London's benchmark

OPEC moves to cap Nigerian oil output, boost compliance

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OPEC moved on Monday to cap Nigerian oil output and called on several members to boost compliance with production cuts to help clear excessive global stocks and support flagging

Toyota, Honda, Mazda to be sued in Australia over air bag

| By Asian Age Online
A Sydney lawyer has announced a class action lawsuit against Toyota, Honda and Mazda seeking refunds for cars
Toyota, Honda, Mazda to be sued in Australia over air bag

Michael Kors takes over shoemaker Jimmy Choo

| By Asian Age Online
American fashion brand Michael Kors has bought luxury shoemaker Jimmy Choo in a deal worth $1.35 billion (896 million pounds).
Michael Kors takes over shoemaker Jimmy Choo

Eurozone economy hits 'speed bump' in July

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Eurozone private sector business activity slowed in July for the second month running but was still running near six-year highs, a closely watched survey showed Monday. Analysts said
Eurozone economy hits 'speed bump' in July

Fed sees prospect of global monetary policy tightening

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Prospects for tighter monetary policy in Europe and other countries could pose a fresh problem for the Federal Reserve when it meets next week to ponder its plan
Fed sees prospect of global monetary policy tightening

Adnoc in talks with banks for big syndicated loan

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State-owned energy giant Abu Dhabi National Oil Co (Adnoc) is in talks with regional and international banks to obtain a syndicated loan worth several billion US dollars, banking sources
Adnoc in talks with banks for big syndicated loan

Herd of 'gray rhinos' threatens Chinese economy

| By Business Desk
Let the West worry about so-called black swans, rare and unexpected events that can upset financial markets. China is more concerned about "gray rhinos"  large and visible problems
Herd of 'gray rhinos' threatens Chinese economy

Cartel probe looms over German car industry

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German carmakers faced a brewing scandal Monday as suspicions grew they colluded illegally for decades, further damaging the industry's image and exposing it to massive financial risks. News weekly

Saudi calls OPEC members to stick to limits oil output

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OPEC leader Saudi Arabia said on Monday the group would quickly address weak compliance with output cuts by some OPEC states and would monitor rising production from Nigeria

Mitsubishi Tanabe to buy Israel's NeuroDerm

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Japan's Mitsubishi Tanabe Pharma announced Monday a billion-dollar deal to buy an Israeli company that specialises in developing treatments for Parkinson's disease. The Osaka-based firm said it will

Irish Ryanair makes 'non-binding' offer for Alitalia

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Ryanair has made a "non-binding offer" for its loss-making Italian rival Alitalia, the Irish no-frills carrier said on Monday. "We have made a non-binding offer for Alitalia. As

Australian regulator investigating Takata recall

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Australia's consumer watchdog said on Monday it was investigating the recall of Takata Corp vehicle airbags, a day after police said the death of man in a Sydney

Japan's bazaar app Mercari applies for IPO

| By Asian Age Online
Japanese peer-to-peer marketplace app operator Mercari has applied to list its shares with the Tokyo Stock Exchange, which could be the biggest
Japan's bazaar app Mercari applies for IPO

Russia keen to sell MiG-35 to IAF: official

| By Asian Age Online
Russia is keen on selling its new fighter jet MiG-35 to India with the MiG corporation's chief saying the country has evinced
Russia keen to sell MiG-35 to IAF: official

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