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Euro, stocks slip after Germany's Merkel hangs on to power

LONDON The single currency and European stocks slipped on Monday after the bloc's most powerful leader German Chancellor Angela Merkel won a fourth term but faced a fractured parliament as support for the far-right surged.

Recent Business News

Oil holds gains as producers say market rebalancing

LONDON Oil prices came under pressure from a strong dollar, but kept most of their gains from the previous session as major producers meeting in Vienna said the market was well on its way towards rebalancing.

4:50am EDT

Chevron to invest $4 billion to boost Permian Basin output

SINGAPORE Oil major Chevron Corp will next year invest around $4 billion to ramp up its crude production in the Permian Basin area of the United States, a company executive said on Monday.

4:27am EDT

EU seeks more protection for Uber-style jobs

BRUSSELS The European Commission wants more social protection and rights for casual workers, such as those in the "gig economy", and others with non-standard contracts to try to tackle growing social inequality.

Sep 24 2017

NAFTA talks intensify; U.S. seen putting off key demand on autos

OTTAWA Talks to update the North American Free Trade Agreement intensified on Saturday although U.S. negotiators looked set to once again withhold proposals for one of the Trump administration's most challenging issues.

Sep 23 2017

A private solution for China’s zombie company problem? Unlikely

HONG KONG China's latest push to revive its bloated state-owned sector is set to pick up pace this year, with bankers and investors expecting possible spin-offs and asset sales to follow a key Communist Party Congress in October.

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