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→  July 28, 2018

DUBAI (Reuters) – Iran plans to offer price and tax incentives to private investors to take over idle state projects and help boost the economy, state media reported on Saturday, as the country faces likely U.S. sanctions and the exit of many foreign companies. In May the United States pulled out of a multinational deal […]

→  July 27, 2018

HOUSTON (Reuters) – Exxon Mobil Corp and Chevron Corp, two of the world’s largest oil producers, posted quarterly results far short of Wall Street’s expectations on Friday. The disappointing results come as much of the U.S. oil industry has been recovering from a three-year downturn in the energy sector, bolstered by higher production and crude […]

→  July 26, 2018

NEW YORK (Reuters) – World stock markets struggled to hold on to four-month highs as a massive selloff in shares of Facebook Inc offset optimism that the European Union and the United States would settle their differences on trade. Facebook , the fifth-largest U.S. stock by market capitalization, collapsed 19.35 percent after the social media […]

→  July 25, 2018

MILAN (Reuters) – Former Fiat Chrysler chief executive Sergio Marchionne has died after a 14-year career in which he helped to rescue the carmaker, the news arriving on Wednesday moments before the group reported a surprisingly heavy fall in profit. The announcement of the death of Marchionne, one of the auto industry’s most tenacious and […]

→  July 24, 2018

(Reuters) – Biogen Inc (BIIB.O) reported far better-than-expected second quarter profit on Tuesday, driven by strong demand of its Spinraza muscle disease treatment, and the U.S. biotech company raised its full-year profit forecast. The company also expressed renewed confidence in its experimental Alzheimer’s disease programs, and its shares opened at a more than three-year high. […]

→  July 23, 2018

PHILADELPHIA (Reuters) – By almost every measure, the U.S. economy is booming. But a look behind the headlines of roaring job growth and consumer spending reveals how the boom continues in large part by the poorer half of Americans fleecing their savings and piling up debt. A Reuters analysis of U.S. household data shows that […]

→  July 21, 2018

MILAN/PARIS (Reuters) – Fiat Chrysler boss Sergio Marchionne is to be replaced permanently at the helm of the global carmaker as well as Ferrari, after suffering serious complications from surgery, people with knowledge of the matter said on Saturday. The boards of Fiat Chrysler (FCA), Ferrari and CNH Industrial, the truck and tractor maker Marchionne […]

→  July 20, 2018

LONDON (Reuters) – Royal Bank of Scotland (RBS.L) said a scheme to compensate small firms hurt by its restructuring unit will close to new complaints after it paid out just 10 million pounds ($13 million) so far for direct losses. RBS announced the scheme in November 2016 and set aside 400 million pounds to compensate […]

→  July 19, 2018

(Reuters) – U.S. stock indexes were trading lower on Thursday, as a batch of weak quarterly reports dampened a robust earnings season and trade tensions rose on news the European Union may retaliate if United States slaps tariffs on EU cars. EU Trade Commissioner Cecilia Malmstrom said she hoped a mission to Washington would ease […]

→  July 18, 2018

FARNBOROUGH, England (Reuters) – European planemaker Airbus (AIR.PA) said on Wednesday that supplier Pratt Whitney (UTX.N) was catching up on engine delays and there would be an improvement especially in the second half of the year. Airbus has faced a backlog of up to 100 A320neo jets sitting on the ground outside factories without their […]