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Dollar hits seven-month high, global stocks set for weekly rise

LONDON Global stocks were set for their first weekly gain in four weeks on Friday and the dollar rose to its highest since March, as the euro came under pressure after the European Central Bank shot down talk of tapering its easy money stance.

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Recent Business News

GE profit up but revenue forecast trimmed amid sluggish economy

General Electric Co reported a 6.7 percent rise in quarterly profit on Friday, helped by strength in its power and renewable energy businesses.

7:09am EDT

ZTO spurns huge China valuations for benefits of U.S. listing

HONG KONG Chinese logistics company ZTO Express is turning up the chance of a much more lucrative share listing at home in favor of an overseas IPO that lets its founder retain control and its investors cash out more easily.

3:38am EDT

British talks with Nissan ongoing over future investment: PM's spokesman

LONDON Talks between the British government and Nissan are ongoing over a future investment from the Japanese carmaker into its plant in Sunderland, northeast England, a spokesman for Prime Minister Theresa May said on Friday.

Japan, Deals 6:35am EDT

Cautious Western insurers rebuild business ties with Iran

LONDON Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace of business is hampered by banking restrictions ten months on from the lifting of international sanctions.

5:20am EDT

EU extends LSE-Deutsche Boerse merger review until March 6

BRUSSELS EU antitrust regulators have extended their review of the proposed $28 billion merger between of Deutsche Boerse and the London Stock Exchange by three weeks after the exchanges asked for more time.

7:00am EDT


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