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U.S. trade panel begins patent probe against Caterpillar

/  22.08.2017  /  Business 

WASHINGTON (Reuters) – The U.S. International Trade Commission said on Tuesday it would begin a patent infringement probe of road milling equipment by Caterpiller and several subsidiaries after a complaint by Wirtgen America, the U.S. subsidiary of a German firm.

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Threat of price war clouds horizon for Maersk shipping business

/  22.08.2017  /  Business 

COPENHAGEN (Reuters) – A.P. Moller-Maersk has been fortified by the $7.5 billion sale of its oil and gas business to France’s Total, but the company’s main sea freight business faces the threat of a new price war in a consolidating industry.

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Oil prices rise ahead of U.S. stocks data

/  22.08.2017  /  Business 

LONDON (Reuters) – Oil prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United States.

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Brazil to sell Eletrobras control in boldest privatization yet

/  22.08.2017  /  Business 

SAO PAULO/BRASILIA (Reuters) – Brazil on Monday floated a proposal to cede control of the country’s biggest power utility, Eletrobras, in the boldest privatization yet by a government struggling to close a record budget deficit, sending Eletrobras’ shares soaring in after-market trading.

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Hyundai will launch pickup, more SUVs to reverse U.S. sales slide

/  22.08.2017  /  Business 

DETROIT/SEOUL (Reuters) – Hyundai Motor plans to launch a pickup truck in the United States as part of a broader plan to catch up with a shift away from sedans in one of the Korean automaker’s most important markets, a senior company executive told Reuters.

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Great Wall Motor says it has not contacted Fiat Chrysler’s board

/  22.08.2017  /  Business 

HONG KONG (Reuters) – Chinese automaker Great Wall Motor Co Ltd has not contacted Fiat Chrysler Automobiles NV’s board nor has it signed any agreements with the Italian-American automaker, it said on Tuesday.

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Futures higher as traders pick up beaten-down stocks

/  22.08.2017  /  Business 

(Reuters) – U.S. stock index futures were higher on Tuesday as investors picked up beaten-down stocks, while focus also shifts to speeches from central bankers later this week.

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Exclusive: China’s ‘big four’ banks raise billions for Belt and Road deals – sources

/  22.08.2017  /  Business 

HONG KONG (Reuters) – China’s largest state-owned commercial banks are raising billions to fund investment under Beijing’s “Belt and Road” drive, people close to the matter said, bolstering ambitions to revive Silk Road trade routes and internationalize the yuan.

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Coca-Cola, PespiCo and others agree to cap sugar in drinks in Singapore

/  22.08.2017  /  Business 

SINGAPORE (Reuters) – Seven major drinks companies including Coca-Cola and PepsiCo will limit the sugar content of drinks they sell in Singapore, as part of the city-state’s campaign to fight diabetes.

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Homebuilder Toll Brothers’ profit beats on strong demand

/  22.08.2017  /  Business 

(Reuters) – U.S. luxury homebuilder Toll Brothers Inc reported a better-than-expected quarterly profit, helped by strong demand for its homes in an improving job market.

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