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Updated: 56 min 8 sec ago

Australian car manufacturing ends as GM Holden closes plant

Fri, 10/20/2017 - 2:43am
SYDNEY (Reuters) - Australia's near 100-year automotive industry ended on Friday as GM Holden Ltd, a unit of U.S. carmaker General Motors Co , closed its plant in South Australia to move manufacturing to cheaper locations.

Asian shares, dollar gain after U.S. Senate passes budget plan

Fri, 10/20/2017 - 2:33am
TOKYO (Reuters) - Asian shares and the dollar gained on Friday after the U.S. Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a tax-cut package without Democratic support.

In Kuroda's face - researchers find ways to predict central bank changes

Fri, 10/20/2017 - 2:28am
TOKYO (Reuters) - For decades, economists have tried to guess central bank policy direction by studying subtle changes in official language -- now, researchers are finding new clues on policy, not in the words of central banker but in their faces.

Kobe Steel data fabrication continued after misconduct discovered: Nikkei

Fri, 10/20/2017 - 12:31am
TOKYO (Reuters) - Data fabrication at Kobe Steel Ltd continued at its aluminum and steel unit after an internal investigation discovered the misconduct, the Nikkei newspaper reported on Friday.

Imprimis Pharma to take on Allergan's Restasis with cheaper product

Thu, 10/19/2017 - 11:29pm
(Reuters) - Shares of Imprimis Pharmaceuticals Inc sky-rocketed as much as 91 percent on Thursday, after the company said it would launch a cheaper alternative to Allergan Plc's controversial dry eye drug, Restasis, by next month.

Asian shares perk up after U.S. Senate passes budget plan

Thu, 10/19/2017 - 10:58pm
TOKYO (Reuters) - Asian shares shrugged off early sluggishness and gained on Friday, and the dollar rose after the U.S. Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a tax-cut package without Democratic support.

Ackman urges ADP to consider acquiring Ceridian amid proxy fight

Thu, 10/19/2017 - 10:11pm
BOSTON (Reuters) - Activist investor William Ackman, currently battling for board seats at Automatic Data Processing Inc , on Thursday said the human resource software company should buy rival Ceridian, in a move that could woo customers with a better product.

Japan government wants to get actively involved in Kobe Steel issue: trade minister

Thu, 10/19/2017 - 9:57pm
TOKYO (Reuters) - The Japanese government wants to get actively involved in the issue of Kobe Steel's data fabrications, Hiroshige Seko, the minister of economy, trade and industry, said on Friday.

Singapore Airlines to finalize $13.8 billion Boeing order next week

Thu, 10/19/2017 - 9:54pm
SINGAPORE (Reuters) - Singapore Airlines Ltd said on Friday it will finalize an order for 39 Boeing Co aircraft worth $13.8 billion at list prices when Singaporean Prime Minister Lee Hsien Loong visits Washington D.C. next week.

Exclusive: Tech companies to lobby for immigrant 'Dreamers' to remain in U.S.

Thu, 10/19/2017 - 9:51pm
SAN FRANCISCO (Reuters) - Nearly two dozen major U.S. companies in technology and other industries are planning to launch a coalition to demand legislation that would allow young, illegal immigrants a path to permanent residency, according to documents seen by Reuters.

Asian shares edge higher, Fed chief speculation tempers appetite

Thu, 10/19/2017 - 9:18pm
TOKYO (Reuters) - Asian shares inched slightly higher on Friday, but grappled for firmer leads as speculation about who the next U.S. central bank chief will be kept global investors wary.

Nissan's inappropriate inspections started at least 20 years ago: NHK

Thu, 10/19/2017 - 8:55pm
TOKYO (Reuters) - Inappropriate inspection practices at Nissan Motor Co had been going for at least 20 years, Japanese national broadcaster NHK reported on Friday, in a new revelation that could further roil Japan's second-biggest automaker.

SoftBank's big checks are stalling tech IPOs

Thu, 10/19/2017 - 8:48pm
LAGUNA BEACH, Calif. (Reuters) - Big cash infusions for startups from an ever-expanding group of financiers, led by SoftBank Group Corp and Middle East sovereign wealth funds, have extinguished hopes that the technology IPO market would bounce back this year.

PayPal tops profit estimates, lifts target on mobile payments growth

Thu, 10/19/2017 - 7:04pm
(Reuters) - Sharp growth in mobile payments led PayPal Holdings Inc to report a better-than-expected third-quarter profit on Thursday and lift its guidance for earnings through the rest of the year.

Dow, S&P 500 eke out record highs, turn up after Fed Powell report

Thu, 10/19/2017 - 6:16pm
NEW YORK (Reuters) - The Dow and S&P 500 eked out record closing highs on Thursday, turning higher at the last minute after a Politico report that Federal Reserve Governor Jerome Powell is the leading candidate for the nominee for Fed chair.

Mexican auto lobby rejects U.S. NAFTA proposal on rules of origin

Thu, 10/19/2017 - 5:34pm
MEXICO CITY (Reuters) - The Mexican Auto Industry Association (AMIA) on Thursday rejected U.S. proposals to increase North American content for autos produced in the region and require, under a new NAFTA deal, that half of all content come from the United States.

PayPal quarterly profit beats on higher mobile transaction volume

Thu, 10/19/2017 - 5:28pm
(Reuters) - Payment processor PayPal Holdings Inc reported a better-than-expected quarterly profit on Thursday, helped by mobile payments volume that more than doubled.

S&P 500 ekes out record high, turns higher after Fed Powell report

Thu, 10/19/2017 - 5:10pm
NEW YORK (Reuters) - The Dow and S&P 500 eked out record closing highs on Thursday, turning higher at the last minute after a Politico report that Federal Reserve Governor Jerome Powell is the leading candidate for the nominee for Fed chair.

Whirlpool seeks 50 percent duties on LG, Samsung washers in U.S. trade case

Thu, 10/19/2017 - 5:00pm
WASHINGTON (Reuters) - Whirlpool and GE Appliances asked a U.S. trade panel on Thursday to recommend 50 percent import duties on large residential washing machines to ensure that rivals LG and Samsung follow through on plans to shift washer production to the United States.

Airbus CSeries deal unlikely to spur quick boost in sales: Air Lease CEO

Thu, 10/19/2017 - 4:51pm
MONTREAL (Reuters) - Airbus SE's deal with Bombardier boosts confidence in the CSeries jet program but may not spur many new sales until it is finalized and a U.S. trade dispute is resolved, the head of a major aircraft leasing firm said on Thursday.

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