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European shares dip, dollar gains after Yellen comments

TOKYO - European shares fell in thin trade on Monday while the dollar held firm after U.S. Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year.

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Alibaba's latest gambit in fighting fakes: foster local brands

PUTIAN, China - Criticized and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce giant Alibaba Group Holding Ltd has been quietly piloting a scheme to try to curb fakes at source.

Senator Warren calls for public hearings on bank waivers: FT

NEW YORK - U.S. Senator Elizabeth Warren is calling for U.S. Department of Labor hearings on whether banks accused of rigging foreign exchange markets should be allowed to manage retirement accounts, the Financial Times reported on Sunday.

After bruising safety crisis, U.S. car watchdog shows its bite

WASHINGTON - The U.S. auto safety watchdog, long criticized as toothless and slow, is showing both bark and bite under its new boss - a testimony to his credentials as a safety expert and a hardening of the administration's policy after a wave of deadly defects.

24 May 2015

Amazon changes tax practices in Europe as investigations continue: WSJ

NEW YORK - Amazon.com Inc has started booking revenue from retail sales in individual European countries, instead of channeling all sales through low-tax Luxembourg, the Wall Street Journal reported Sunday.

24 May 2015

G7 finance ministers to address faltering global growth

LONDON - Finance ministers from the world's largest developed economies meet in Germany this week against a backdrop of faltering global growth, scant inflationary pressures and a bond market in turmoil.

24 May 2015

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