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  • New Zealand says unclear if TPP agreement can be reached this week

    November 9, 2017 10:55 AM 20

    DANANG, Vietnam - It is not clear if countries in the Trans Pacific Partnership (TPP) can reach an agreement this week at a meeting of Asia-Pacific leaders to carry forward the trade pact, New Zealand's trade minister said on Thursday. Ministers from the 11 countries are meeting in Vietnam's central resort of Danang on the sidelines of a summit of the Asia Pacific

  • Deutsche Telekom CEO: T-Mobile U.S. can stand alone but open to consolidation

    November 9, 2017 9:25 AM 9

    FRANKFURT - Deutsche Telekom CEO Tim Hoettges said its T-Mobile US unit was ideally positioned for an independent future after the failure of merger talks with Sprint Corp , but left the door open to consolidation. "It was right to make an attempt. But it is just as right for T-Mobile US to continue now along its own path," Hoettges told a conference

  • APEC ministers end talks after wrangling over trade wording for U.S

    November 9, 2017 8:55 AM 20

    DANANG, Vietnam - Ministers from Asia-Pacific countries ended their meeting on Thursday with a "very good outcome", despite differing views on trade and protectionism, Vietnamese Trade Minister Tran Tuan Anh told a news conference. Talks among trade and foreign ministers from Asia Pacific Economic Cooperation (APEC) countries on a communique for leaders

  • Exclusive: Venezuela's PDVSA misses debt payments, used Russian bank to pay ONGC

    November 9, 2017 6:40 AM 8

    NEW DELHI - Venezuelan state oil-firm PDVSA has not made debt payments to India's top oil producer ONGC for six months, and has previously used a Russian state-owned bank and another Indian energy company as intermediaries to make payments, two sources familiar with the transactions said on Wednesday. ONGC Videsh, the overseas investment arm of ONGC, confirmed

  • General Electric signs $3.5 billion deals in China

    November 9, 2017 5:10 AM 23

    BEIJING - General Electric Co signed three aviation and engine deals with Chinese partners worth a total of $3.5 billion on the sidelines of a state visit to Beijing by U.S. President Donald Trump, who has been looking to stir up U.S.-China trade. The partnerships were signed in the presence of Trump and Chinese President Xi Jinping, as well as U.S. Commerce

  • UK regulator plans to ban former Libor trader Tom Hayes

    November 8, 2017 5:25 PM 20

    LONDON - Britain's markets regulator said on Wednesday it plans to ban convicted former Libor trader Tom Hayes from the financial services industry because he is not a "fit and proper person". The Financial Conduct Authority (FCA) said Hayes, who has been sentenced to 11 years in jail for interest rate benchmark manipulation, disputes the decision and is appealling

  • Exclusive: Japan's MUFG gets nod to bring U.S. state branches under federal regulation

    November 8, 2017 3:55 AM 7

    NEW YORK - Japan's Mitsubishi UFJ Financial Group Inc (MUFG) has received approval from the U.S. Office of the Comptroller of the Currency (OCC) to convert state-supervised branches into federally regulated ones, a U.S. spokesman for the bank confirmed late on Tuesday. As a result, MUFG's Bank of Tokyo-Mitsubishi UFJ Ltd branches in New York, Illinois

  • Tesla buys automation equipment maker Perbix

    November 7, 2017 1:10 PM 21

    Electric car maker Tesla Inc said on Tuesday it agreed to buy privately held Perbix Machine Co Inc, which designs automated manufacturing equipment. "With the acquisition of Perbix, Tesla further advances its efforts to turn the factory itself into a product – to build the machine that makes the machine," Tesla said on its website. Tesla Chief Executive

  • Fox held talks to sell most of company to Disney: CNBC

    November 6, 2017 7:10 PM 21

    Rupert Murdoch-controlled Twenty-First Century Fox has held talks to sell most of the company to Walt Disney Co, CNBC reported on Monday, citing unnamed people familiar with the matter. Fox's shares rose 5.8 percent to $26.40 in afternoon trading in response. Disney's shares were up 1.2 pct at $99.86. A Disney spokesman did not immediately respond to a request

  • Factbox: Kobe Steel's affected customers

    November 5, 2017 1:25 AM 22

    Kobe Steel Ltd's tampering with specifications has led to a scramble among the 525 customers currently affected to check the safety of their cars, planes, trains and other products. The metals from Kobe Steel whose specifications have been falsified have been used in a dizzying array of products including air conditioners, Blu-ray discs, car doors