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Finance Stories

UBS and Credit Suisse could combine investment banks

((In last paragraph, corrects to show Knight Vinke’s stake is below the disclosure threshold so cannot be verified; also adds Knight’s confirmation of comments)) ZURICH (Reuters) – Swiss bank UBS (UBSG.VX) could combine its investment banking arm with that of … Continue reading

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Oil hits 2015 high as traders look beyond ample current supply

By Alex Lawler LONDON (Reuters) – Oil rose towards $67 a barrel on Monday to reach a 2015 high, supported by expectations the supply glut will ease and after weak Chinese factory activity reinforced views that stimulus measures would be … Continue reading

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China’s factory activity lowest in a year: HSBC PMI

The latest gauge of China’s manufacturing activity showed the country’s vast factory sector remained in contraction for the month of April. The HSBC final Purchasing Managers’ Index (PMI) fell to 48.9, its fastest drop in a year, down from the … Continue reading

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McDonald’s to detail latest turnaround plans

NEW YORK (AP) — McDonald’s is set to unveil its latest plans to revive its sputtering business on Monday. The plans are to be detailed just two months after CEO Steve Easterbrook stepped in to take charge of the world’s … Continue reading

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HSBC whistleblower Falciani says his work is not done: El Mundo

MADRID (Reuters) – Herve Falciani, a former HSBC (HSBA.L) employee who leaked information on the bank’s clients and tax situation, told Spanish newspaper El Mundo he had knowledge of other cases and could act again, adding his “work was not … Continue reading

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Detroit automakers face speed bumps as sales growth slows

By Paul Lienert and Joseph White DETROIT (Reuters) – Detroit’s automakers, on track for their best sales year since 2006, may want to brace themselves for rockier times ahead.     Auto executives say the industry is as healthy as it’s … Continue reading

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Payrolls to test second quarter climate for Fed

By Mike Peacock LONDON (Reuters) – Always top of the data pile, this week will be no exception for the U.S. jobs report with a first interest rate rise likely this year despite a dramatic slowdown in the first quarter. … Continue reading

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McDonald’s faces ‘show me’ moment with new CEO strategy

By Lisa Baertlein LOS ANGELES (Reuters) – McDonald’s new Chief Executive Steve Easterbrook is set to unveil his plan on Monday to revive growth as the world’s largest hamburger chain struggles to win back consumers and investors. He’ll be aiming … Continue reading

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BNP Paribas sentenced in $8.9 billion accord over sanctions violations

By Nate Raymond NEW YORK (Reuters) – BNP Paribas SA (BNPP.PA) was sentenced to five years probation by a U.S. judge on Friday in connection with a record $8.9 billion settlement resolving claims that it violated sanctions against Sudan, Cuba … Continue reading

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Tesla moves into batteries that store energy for homes, businesses

By Nichola Groom and Paul Lienert LOS ANGELES (Reuters) – Tesla Motors Inc (TSLA.O) on Thursday unveiled Tesla Energy – storage systems or batteries for homes, companies and utilities that will expand its business beyond electric vehicles and tap into … Continue reading

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