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China complains to WTO that U.S. fails to implement tariff ruling

In another sign of escalating trade tensions between China and the United States, Beijing told the World Trade Organization on Friday that Washington was failing to implement a WTO ruling against punitive U.S. tariffs on a range of… See the original post:  China complains to WTO that U.S. fails to implement tariff ruling  Read More →

China orders banks to clear hurdles slowing private sector lending: sources

SHANGHAI, May 14 (Reuters) – – China's banking regulator has sent an urgent notice to banks telling them to clear bottlenecks slowing lending to private firms, sources with direct knowledge told Reuters, highlighting rising concern in Beijing about torpid private investment. Chinese banks sharply cut new lending in April after a record first-quarter credit spree, much of which appeared... [Read more]

Exclusive: Warren Buffett, Quicken Loans founder in Yahoo bid – sources

While there is no certainty that the consortium will prevail in the auction, the interest of Buffett and Gilbert is a boost for the Sunnyvale, California-based company, which has been surpassed in recent years by… See the original post here: Exclusive: Warren Buffett, Quicken Loans founder in Yahoo bid – sources  Read More →

Hedge fund managers give stock picks in Vegas at SALT conference

Hedge fund managers on Thursday named some of their recent investments, including a bet that shares of American Airlines Group would fall and shares of both Chinese Internet company Tencent and chipmaker Xilinx would rise, in addresses at one of the industry's most prominent conferences. John Lykouretzos, who runs $2.8 billion Hoplite Capital Management Lp, disclosed his negative case against... [Read more]

U.S. jobless claims hit 14-month high; analysts blame Verizon strike

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits rose last week to a more than one-year high, but economists blamed striking telecommunications workers for the surge and said the data did not signal a deterioration in the overall labor market… Read the original: U.S. jobless claims hit 14-month high; analysts blame Verizon strike  Read More →

Stuck with dangerous dollar dominance

By Mike Dolan LONDON (Reuters) – The world is getting an object lesson on the problems of having one dominant global currency and even the supposed prime beneficiary, the United States, can see the downside… See the original post:  Stuck with dangerous dollar dominance  Read More →

Exclusive: Medivation succumbs to pressure to explore sale -sources

U.S. cancer drug maker Medivation Inc has decided to explore a sale following a $9.3 billion acquisition offer from France's Sanofi SA and interest from other companies, people familiar with the matter said on Monday. Pfizer Inc and Amgen Inc are among the companies that have signed non-disclosure agreements with Medivation, which allow them to obtain confidential information about the company,... [Read more]

Judge dismisses mental competence lawsuit against Sumner Redstone: tentative ruling

(Reuters) – A Los Angeles judge dismissed a lawsuit over the mental competence of media mogul Sumner Redstone, in a tentative ruling issued on Monday. (Reporting by Lisa Richwine; Editing by Chizu Nomiyama) Read the original:  Judge dismisses mental competence lawsuit against Sumner Redstone: tentative ruling  Read More →

Wanted: Manufacturing whizzes to work on Tesla’s Model 3

By Alexandria Sage SAN FRANCISCO (Reuters) – Technology entrepreneur Elon Musk gave a public shout-out to the sharpest minds in manufacturing this week, calling on them to come help Tesla Motors Inc build a million all-electric cars a year by 2020. Musk says he is “hell-bent” on making the Silicon Valley automotive upstart a manufacturing powerhouse, but his vision relies on finding... [Read more]

Saudi Arabia names Khalid al-Falih energy minister to replace Naimi

By Rania El Gamal and Reem Shamseddine DUBAI/KHOBAR, Saudi Arabia (Reuters) – Saudi Arabia, the world's largest crude oil exporter, on Saturday appointed Khalid al-Falih, chairman of the state oil giant Saudi Aramco, as its new energy minister, replacing Ali al-Naimi, who had held the post since 1995. The change is unlikely … More: Saudi Arabia names Khalid al-Falih energy minister... [Read more]

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