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Headline News: Business

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Iran says OPEC unlikely to change output ceiling: Mehr news agency

DUBAI OPEC is unlikely to change its production ceiling when the group meets in June, Iran’s Oil Minister Bijan Zanganeh said on Sunday, according to the semi-official Mehr news agency. “Lowering OPEC’s production ceiling requires consensus between all members … … Continue reading

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G7 finance ministers to address faltering global growth

LONDON Finance ministers from the world’s largest developed economies meet in Germany this week against a backdrop of faltering global growth, scant inflationary pressures and a bond market in turmoil. High on their agenda — even if unofficially — will … Continue reading

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After bruising safety crisis, U.S. car watchdog shows its bite

WASHINGTON The U.S. auto safety watchdog, long criticized as toothless and slow, is showing both bark and bite under its new boss – a testimony to his credentials as a safety expert and a hardening of the administration’s policy after … Continue reading

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Nokia CEO says in no hurry to sell mapping unit HERE: magazine

HELSINKI Nokia (NOK1V.HE) is in no hurry to sell its mapping unit HERE despite receiving high quality bids, the Finnish company’s chief executive said in a trade magazine interview. Telecoms network equipment maker Nokia began a strategic review of its … Continue reading

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Daimler and Qualcomm to develop in-car tech, wireless charging

FRANKFURT Carmaker Daimler on Saturday announced a partnership with mobile technologies company Qualcomm Inc. to explore wireless recharging of mobile phones in cars as well as recharging of electric cars without cables. The move forms part of a broader push … Continue reading

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Fiat Chrysler CEO approached GM about a merger, was rebuffed: NYT

As part of his quest for a mega merger, Fiat Chrysler Automobiles Chief Executive Sergio Marchionne sent an email to General Motors Co Chief Executive Officer Mary Barra in March suggesting combining the automakers but was rebuffed, the New York … Continue reading

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Renault in Turkey offers concessions to striking workers

(This May 23 story has been corrected in paragraph 3 to clarify that the company will announce results of financial improvement studies, not pay adjustments, before Ramadan) ANKARA (Reuters) – The Turkish arm of French carmaker Renault (RENA.PA) on Saturday … Continue reading

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Contest for Nokia’s HERE seen as a three-way race

NECKARSULM, Germany The contest for Nokia’s (NOK1V.HE) maps business has become a three-way race between German carmakers, a consortium including Uber and Baidu, and a third group including China’s Tencent and Navinfo, people familiar with the process said. Finland’s Nokia … Continue reading

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Yellen tone suggests choppiness for markets ahead

NEW YORK U.S. stock investors have been enjoying an extended period of low volatility and steady gains, but with the Federal Reserve on track to raise interest rates this year and major indexes near records, the market could get a … Continue reading

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Yellen tone suggests choppiness for markets ahead

NEW YORK U.S. stock investors have been enjoying an extended period of low volatility and steady gains, but with the Federal Reserve on track to raise interest rates this year and major indexes near records, the market could get a … Continue reading

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