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Global stocks top 2016 gains, dollar up before Fed minutes

LONDON Global stocks hit record highs on Wednesday, pushing gains for the year above those for all of 2016, while the dollar rose before Federal Reserve minutes that will be scoured for clues on the timing of the next U.S. interest rate rise.

Recent Business News

UK economy picks up in late 2016 but signs of Brexit hit appear

LONDON Britain's economy accelerated at the end of 2016 but growth for the whole year was weaker than previously thought and there are signs of weakness ahead, data showed, suggesting the Brexit vote will start to take its toll in 2017.

5:30am EST

Switzerland's ABB hit by $100 million South Korean fraud

ZURICH Swiss engineering group ABB revealed the discovery of what it called a "sophisticated criminal scheme" in its South Korean subsidiary on Wednesday, which it expects will result in a $100 million pre-tax charge.

5:45am EST

Airbus seeks new talks with European nations over A400M costs

PARIS Airbus called for new talks with European governments to ease "heavy penalties" for delays to its A400M military aircraft on Wednesday, after taking a fresh 1.2-billion-euro ($1.3 billion) charge in the latest blow to Europe's largest defense project.

4:14am EST

How one Chinese region shows risks of relying on heavy borrowing

SHENYANG, China A flurry of construction in the Chinese city of Shenyang belies a regional economy in crisis, a striking example of the increasingly diminishing returns from a policy of investing heavily in infrastructure to prop up economic activity.

China, Campaign Finance 5:52am EST

Confident Snap brushes off concerns on second day of IPO roadshow

NEW YORK Snap Inc, owner of popular messaging app Snapchat, fended off investor skepticism on the second day of its IPO roadshow on Tuesday, betting on the charisma of CEO Evan Spiegel, 26, whom it introduced as a "once in a generation founder." | Video

Tech, Deals Feb 21 2017

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