Category Archives: business

Blackstone explores IPO of Gates Global: sources

(Reuters) – Private equity firm Blackstone Group LP is exploring an initial public offering (IPO) of Gates Global LLC, three years after it acquired the U.S. auto parts and building products maker for $5.4 billion, people familiar with the matter said on Tuesday.

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Special Report: Refiner Valero's secret campaign against U.S. biofuels mandates

(Reuters) – U.S. biofuels regulations, which mandate mixing corn-based ethanol into gasoline, have lately drawn together a diverse cast of political opponents.

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Goldman Sachs gets approval for Saudi equities trading license

DUBAI/RIYADH (Reuters) – Goldman Sachs received approval on Sunday to trade equities in Saudi Arabia, joining the growing band of western investment banks and fund managers expanding in the kingdom.

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India's Infosys approves up to $2 billion buyback of shares

MUMBAI (Reuters) – India’s second-biggest IT firm Infosys said on Saturday it will buy back shares worth up to 130 billion rupees ($2 billion), a day after Vishal Sikka resigned as chief executive after a long-running feud with the company’s founders.

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Stability concerns focus at Fed ahead of Yellen speech

WASHINGTON (Reuters) – The stock market’s steady rise, still low long-term bond yields and a sagging dollar are girding the Fed’s intent to raise interest rates again this year despite concerns about weak inflation, according to comments this week from Fed officials and analysts anticipating remarks next week by Chair

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Wall Street extends losses on Trump policy worries

(Reuters) – U.S stocks hit session lows in early afternoon trading on Thursday as investors worried about President Donald Trump’s ability to pursue his pro-growth policies.

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U.S. takes tough lines as NAFTA negotiations begin

WASHINGTON (Reuters) – The United States on Wednesday laid down a tough line for modernizing the North American Free Trade Agreement, demanding major changes to the pact that would reduce U.S. trade deficits with Mexico and Canada and increase U.S. content for autos.

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Air Berlin files for insolvency after Etihad withdraws support

BERLIN (Reuters) – Air Berlin , Germany’s second-largest airline, filed for bankruptcy protection on Tuesday after key shareholder Etihad Airways withdrew funding following years of losses, leaving valuable runway slots up for grabs.

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Big-name U.S. hedge funds shed healthcare stocks during the rally in second quarter

NEW YORK (Reuters) – Several big-name hedge fund investors trimmed their stakes in healthcare companies in the second quarter as the sector led the broad U.S. stock market higher, rallying as Republican efforts to repeal and replace President Obama’s signature healthcare law dimmed.

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Exclusive: Arab bloc won't discriminate against U.S. firms in Qatar rift – sources

DUBAI (Reuters) – Four Arab countries that imposed sanctions on Qatar have told the United States that U.S. companies doing business with them would not be punished for also working with Doha, four sources with knowledge of the matter said.

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