Thursday, 23 November 2017

Breaking business news: China stocks suffer mauling, Fed leaves dollar in a daze

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Thursday, November 23, 2017
China stocks suffer mauling, Fed leaves dollar in a daze
LONDON (Reuters) - The dollar was on the defensive Thursday, a day after its worst drubbing in five months, as the biggest slump in Chinese stocks in almost two years took the shine off another record high in a global equities bull run.
Fed policymakers say rate increase likely warranted soon: minutes
WASHINGTON, Nov 22 (Reuters) - Many Federal Reserve policymakers expect that interest rates will have to be raised in the "near term," according to the minutes of the U.S. central bank's last policy meeting released on Wednesday.
Uber's messy data breach collides with launch of SoftBank deal
TORONTO/SAN FRANCISCO (Reuters) - A newspaper advertisement for an Uber Technologies Inc stock sale was juxtaposed on Wednesday with a report that the ride-service provider had covered up a data hack - something of a metaphor for Uber, a company with boundless investor interest, but whose penchant for rule-breaking has led to a series of scandals.
Amazon starts Australian trial after months of hype
SYDNEY (Reuters) - Amazon.com Inc's Australian arm began an order-taking trial on Thursday, giving life to the hype which has preceded its arrival in the world's No. 12 economy and weighed on the shares of the brick-and-mortar retail sector.
Teva Pharmaceutical set for major layoffs in Israel, U.S.: report
TEL AVIV (Reuters) - Teva Pharmaceutical Industries is expected to cut 20-25 percent of its workforce in Israel, where it employs 6,860 people, and a few thousand more jobs are to go in the United States, financial news website Calcalist said on Thursday.
Broadcom considering sweetened Qualcomm bid: sources
(Reuters) - Chipmaker Broadcom Ltd is considering raising its offer to buy rival Qualcomm Inc by offering more of its own stock, following consultation with several of Qualcomm's top shareholders, according to people familiar with the matter.
Tesla cranks up big battery in Australia
MELBOURNE (Reuters) - Tesla Inc has completed construction of the world's largest lithium ion battery in Australia, putting it on track to meet a 100-day deadline for switching the battery packs on, the South Australian government said on Thursday.
Lyft raises another $500 million in additional round of funding
The additional funding round, led by Alphabet Inc's CapitalG, is an extension of the $1 billion round announced in October.
How 'princess' of Angola lost her oil crown
LUANDA/LONDON (Reuters) - On Oct. 6, with the dust still settling on Angola's first change of power in 38 years, new President João Lourenço sat down with international oil majors at the presidential palace in Luanda.
Airbus CEO questioned in Kazakh deal investigation: reports
PARIS (Reuters) - French anti-corruption investigators questioned Airbus Chief Executive Tom Enders and three other company executives as witnesses in an investigation centered on the sale of satellites to Kazakhstan in 2010, according to media reports on Thursday.
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