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Battered oil fights back, sterling hit as May's poll lead shrinks

LONDON Battered oil prices recovered some ground on Friday as investors looked past disappointment that an OPEC meeting did not produce bigger supply cuts, while sterling slid on a poll showing the ruling Conservatives' lead shrinking, two weeks before an election.

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Japan's big insurers expand their appetites for U.S. Treasuries

TOKYO Big Japanese life insurers, who are major bond investors globally, are primarily focusing on U.S. bonds while staying cautious on European bonds, earning reports and comments from industry executives show.

4:50am EDT

Irritation with Moody's reflects China's sensitivity as it seeks foreign investors

BEIJING/HONG KONG China has tried to brush aside a rare cut to its credit rating by Moody's Investors Service as misinformed, but its reaction

5:42am EDT

California says VW clean car spending plan has shortcomings

SAN FRANCISCO California regulators said Volkswagen AG's spending plan on clean vehicle infrastructure had shortcomings and that it lacked details on how it would help disadvantaged communities as well as promote hydrogen fuel cell technology.

12:15am EDT

New Ford CEO relies on veterans to reboot profits

BENGALURU/DETROIT Ford Motor Co on Thursday reshuffled senior management and brought back a former executive from Uber Technologies Inc, signaling its new chief executive officer will rely on tested company veterans to turn Ford around rather than outside talent.

May 25 2017

Exclusive: Bankrupt Westinghouse ends pensions for ex-CEOs, executives

WILMINGTON, Del Bankrupt Westinghouse Electric Co LLC, the U.S. nuclear technology firm owned by Toshiba Corp , has stopped making pension payments to former executives, according to a letter seen by Reuters, removing a benefit that has helped the company retain top talent.

May 25 2017

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