Archive for the May 3, 2017
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US farm equipment giant John Deere has dropped plans to acquire a unit of Monsanto amid concerns the merger would be challenged by regulators. Deere & Company had announced in November 2015 its plan to
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Dutch transport importer Pon Holdings said Tuesday it would shelve plans to take over rival bicycle maker Accell, after the latter dismissed its offer as insufficient. Pon had announced in April that it was in
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Shareholders in Alitalia voted unanimously Tuesday to put the company into administration, moving the troubled airline a step closer to liquidation as efforts continue to find a buyer. The move follows last week's rejection by
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The operator of Sydney's main airport Tuesday ruled out involvement in building a second major airport for the city, citing financial risks, leaving the Australian government to develop the project. Canberra last December announced plans
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The International Monetary Fund (IMF) has postponed a $5.5 billion bailout for Mongolia because of a measure included in the country's 2017 budget that forces foreign firms to bank with domestic institutions, the IMF's country
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Oil-exporting Arab states of the Gulf are heading "in the right direction" to plug budgetary gaps thanks to fiscal reforms, but more change is still necessary, the International Monetary Fund said Tuesday. "If they continue
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Shares in petrochemical giant Saudi Basic Industries (SABIC) fell on Tuesday after the company reported first-quarter results, while most equities in the Gulf were sluggish as oil prices traded near five-week lows. Egypt followed emerging
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Tokyo stocks rose Tuesday before a series of holidays in Japan, with a weak yen boosting exporters while Donald Trump looked to ease tensions with North Korea. The US president said he would be ready
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US stocks were modestly higher in early afternoon trading on Tuesday, with the Nasdaq Composite eking out another record high, helped by an Apple-led rise in technology stocks. However, investors held off from making big
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Wall Street climbed on Monday, boosted by gains in Apple and other big tech stocks that more than offset weak economic data and pushed the Nasdaq Composite to another record high. Apple shares jumped 2
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