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Dollar up on Fed rate bets, earnings lift shares

LONDON - The dollar rose to its highest in more than three months and U.S. Treasury yields rebounded from two-month lows on Wednesday, after a Federal Reserve official said the central bank was close to raising interest rates.

Recent Business News

Raising interest rates with zero inflation is a hard sell

LONDON - Americans and Britons bracing for their first interest rate rises in almost a decade are puzzled: why are rates about to go up when there's no inflation?

12:53am EDT

Alibaba pins U.S. growth hopes on Goldman's China rainmaker

HONG KONG - Alibaba Group Holding Ltd is hoping a Canadian Olympic gold medallist once tipped to be the next chief executive of Goldman Sachs Group Inc will help them make it big in the United States.

3:07am EDT

Motorola receives $1 billion investment from Silver Lake: NYT

- Walkie-talkie and radio systems maker Motorola Solutions Inc has received $1 billion in investment from private equity firm Silver Lake, the New York Times reported.

5:24am EDT

StanChart says has cut 4,000 staff this year

LONDON - Standard Chartered has cut 4,000 staff since the start of the year as part of its plan to streamline operations and cut costs, and said there could be further cuts.

5:21am EDT

Lufthansa CEO says resolution of pilot talks unlikely before Sept

FRANKFURT - The chief executive of German airline Lufthansa welcomed proposals by pilots to bring a long-running row over pay, retirement benefits and low cost expansion to an end but said talks would likely go on beyond the start of September.

6:13am EDT

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