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Global Financial News Articles

World Financial News

U.S. says Exxon under Tillerson violated Russia sanctions in 2014
Posted on Friday July 21, 2017

WASHINGTON/HOUSTON (Reuters) - The United States on Thursday admonished Exxon Mobil Corp for "reckless disregard" of U.S. sanctions in dealings with Russia in 2014 when Secretary of State Rex

Wall Street flat as home improvement retailers get Amazoned
Posted on Friday July 21, 2017

NEW YORK (Reuters) - Stocks ended little changed on Wall Street on Thursday as a deal between Sears and Amazon weighed on home improvement retailers while gains in Regeneron and

Microsoft's quarterly profit more than doubles
Posted on Friday July 21, 2017

(Reuters) - Microsoft Corp reported a quarterly profit that more than doubled, helped by a tax benefit and strong growth in its cloud business.

Snap under pressure as Wall Street eyes share lock-up expirations
Posted on Friday July 21, 2017

SAN FRANCISCO (Reuters) - A potential flood of newly available Snap shares is weighing on Wall Street's already shaky support for the owner of the Snapchat social media app.

Trump unveils companies' $500 million U.S. drug packaging project
Posted on Friday July 21, 2017

WASHINGTON (Reuters) - President Donald Trump on Thursday announced a $500 million investment that Corning Inc is making with pharmaceutical giants Merck and Pfizer to manufacture a new kind of

Asia Financial News

Reform of China’s ailing state-owned firms is emboldening them
Posted on Thursday July 20, 2017

ACCORDING to company lore, Yunnan Baiyao, a musty-smelling medical powder, played a vital role during the Long March. As China’s Communist troops fled from attacks in the 1930s, trekking thousands

An overhaul of Brazilian labour law should spur job creation
Posted on Thursday July 20, 2017

IN THE litany of bosses’ gripes about Brazil’s inclement business climate, rigid labour laws vie for pride of place with its convoluted tax laws and its licensing rules (on everything

Demand for exorcists is soaring in France
Posted on Thursday July 20, 2017

FOR A man poised for combat with evil spirits, Philippe Moscato looks remarkably at ease. In casual clothes and chatting about the tools of his trade—a “Vogel” crystal, compass, steel

Could bond funds break the market?
Posted on Thursday July 20, 2017

GOOD generals know that the next war will be fought with different weapons and tactics from the last. Similarly, financial regulators are right to worry that the next crisis may

KKR, a private-equity giant, lays out its succession plan
Posted on Thursday July 20, 2017

IN MOST four-decade-old firms run by greying co-founders, investors would have long since demanded clarity on succession. But private equity works differently: the industry has been dominated by its pioneers