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Fed, China stimulus hopes boost shares; Scotland eyed

LONDON - Global stocks and commodity prices rose on Wednesday, boosted by speculation the U.S. Federal Reserve will maintain a pledge on low rates later in the day and by a report China's central bank will provide the country's biggest banks with fresh loans. | Video

Recent Business News

Alibaba options expected to be listed on September 29: exchanges

NEW YORK - Investors looking to hedge their bets or speculate on the direction of Alibaba Group's stock after its expected public sale of shares on Friday, will be able to trade its options in two weeks, as U.S. options exchanges are expected to list contracts on the company. | Video

5:59am EDT

U.S. mortgage applications rise in latest week: MBA

NEW YORK - Applications for U.S. home mortgages rose last week as both purchase and refinancing applications jumped, an industry group said on Wednesday.

7:01am EDT

London's young techs find anti-immigrant mood a drag

LONDON - When Efe Cakarel picked London as a new base for his video streaming company, he was counting on its location, capital markets and infrastructure, but also on the city's reputation as a hub for talented people from Europe and beyond.

6:09am EDT

Ultrasonic says top executives and cash missing

FRANKFURT - Ultrasonic AG, a Chinese footware maker listed in Germany, said most of its cash reserves in China and Hong Kong have disappeared, adding it has also lost trace of its chief executive and chief operating officer.

7:26am EDT

Embraer to sell 50 E-175 jets to Republic in $2.1 billion deal

SAO PAULO - Brazil's Embraer SA, the world's third largest commercial planemaker, said on Wednesday it booked a firm order from U.S. regional operator Republic Airways Holdings Inc. for 50 of its next-generation E-175 aircraft.

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