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Asia stocks slide as Deutsche sours mood, oil pulls back

SINGAPORE Asian stocks extended losses on Friday as worries about the health of Deutsche Bank weighed on financial shares and as oil prices inched back from near-one month highs on scepticism over OPEC's new plan to curb output.

Banks and central banks

Recent Business News

RBS unveils sweeping new structure as ring-fencing looms

LONDON Royal Bank of Scotland announced on Friday a sweeping overhaul of its structure and banking brands as it outlined plans to separate its retail operations from riskier parts of its business by 2019.

2:29am EDT

Google rebrands cloud business, adds more artificial intelligence

Alphabet Inc's Google said on Thursday it renamed its business-to-business cloud computing brand and enhanced some enterprise applications using artificial intelligence, the company's latest gambit to better compete with Amazon.com and Microsoft Corp. in the lucrative cloud business.

Sep 29 2016

Goldman feels the heat in Asia as IPO engine slows

HONG KONG Goldman Sachs failed to make it to the upper echelon of Asia's equity market fee earners for the first time in more than a decade, hit by a squeeze in fees that is prompting the U.S. bank to cut back jobs in the region.

12:59am EDT

Samsung slammed by Chinese state TV over Note 7 recall 'discrimination'

HONG KONG Chinese state broadcaster CCTV has slammed South Korean tech giant Samsung Electronics Co for what it said was "discrimination" against China consumers in its handling of a global recall of Galaxy Note 7 smartphones to replace batteries.

Tech, China, South Korea 2:31am EDT

U.S. economy less sluggish in second quarter; companies investing more

WASHINGTON U.S. economic growth was less sluggish than previously thought in the second quarter as exports grew more than imports and businesses raised their investments, hopeful signs for the economic outlook.

Sep 29 2016

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