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European shares up as banks reassure, dollar holds near highs

LONDON Reassuring results from some of Europe's biggest banks gave financials a boost on Thursday and helped offset weakness in oil-related stocks, while higher bond yields underpinned the dollar.

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China's slowing industrial profits show rising debt hampering economy

BEIJING Profit growth in China's industrial firms slowed sharply as some key manufacturing sectors stumbled on weak activity and rising debt, suggesting the world's second-biggest economy remains underpowered despite emerging signs of stability.

1:19am EDT

Oil rises above $50 as U.S. inventory drop balances OPEC doubts

LONDON Oil edged above $50 a barrel on Thursday as a further drop in U.S. crude inventories countered investor doubts that OPEC will be able to implement a production cut.

5:00am EDT

Wal-Mart focuses on online order pickup in stores, lower prices

NEW YORK Wal-Mart Stores Inc said on Wednesday it will make tens of thousands more items from its online assortment available for same-day store pickup, and will offer more lower-priced items instead of deals as part of efforts to attract shoppers this holiday season.

12:05am EDT

VW brand profit plunges, Porsche lifts group

BERLIN Volkswagen said third-quarter operating profit at its core brand plunged more than half, adding weight to management calls for cutbacks at VW's biggest division.

4:20am EDT

Tesla turns profit, Musk says no new capital needed for Model 3

SAN FRANCISCO Tesla Motors Inc reported its first quarterly net profit in more than three years on Wednesday, buoyed by nearly $139 million in sales of clean car credits, and Chief Executive Elon Musk said the company could turn a profit again in the fourth quarter. | Video

Oct 26 2016


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