Archive for the January 4, 2018
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Petroleo Brasileiro SA, Brazil's state-controlled oil company, said on Wednesday it has agreed to pay $2.95 billion to settle a US class action brought by investors who claim they lost money as a result of
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Investors are suing Germany's biggest lender Deutsche Bank for 740 million euros, alleging they were underpaid for shares in subsidiary Postbank, local media reported Wednesday. At the heart of the suit is the question of
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A music publisher is seeking at least $1.6 billion from Spotify for alleged copyright violations, the latest lawsuit to hit the fast-growing streaming company. Wixen Music Publishing, Inc - which holds rights to songs of
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Ryanair flew a record-high 129 million passengers last year, the Irish no-frills airline said Wednesday, despite cancelling thousands of flights because of a pilots shortage. Ryanair increased by 10 percent the number of passengers flown
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The Palestinian Authority said Wednesday it had agreed to restore payments for electricity in the Gaza Strip after a cut in June worsened a power crisis in the blockaded enclave. The electricity payments have been
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Ant Financial, an affiliate of Chinese internet titan Alibaba, has been forced to abandon a $1.2 billion deal to buy US remittances firm MoneyGram after failing to get approval from regulators in Washington. The decision
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Ford posted a surprise increase in December auto sales, while General Motors and Fiat Chrysler saw declines, the companies reported on Wednesday. The results - better than anticipated for Ford and GM and about as
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US factory activity increased more than expected in December, boosted by a surge in new orders growth, in a further sign of strong economic momentum at the end of 2017. The economy's robust fundamentals were
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The euro eased on Wednesday to take a breather from a rally prompted by optimism over the euro zone's economy and expectations the European Central Bank will wind down its bond-buying stimulus in 2018. The
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The dollar bounced on Wednesday, snapping a three-week losing streak as investors consolidated positions before manufacturing data and minutes of a December US Federal Reserve meeting due later in the day. But despite the dollar's
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