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Moody's downgrades China, warns of fading financial strength as debt mounts

SHANGHAI/BEIJING Moody's Investors Service downgraded China's credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financial strength of the economy will erode in coming years as growth slows and debt continues to rise.

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Uber inadvertently underpaid New York City drivers for over two years

Uber Technologies Inc [UBER.UL] said on Tuesday it underpaid its New York City drivers for the past two-and-a-half years, an error that could cost the ride-hailing company tens of millions of dollars. | Video

Tech, U.S. 4:14am EDT

U.S. appeals court to hear cases that could weigh on Wall Street policing

WASHINGTON A U.S. appeals court will weigh whether certain hiring practices at two of the country's top financial market regulators violate the Constitution on Wednesday, in a pair of cases that could have major ramifications for the policing of Wall Street.

1:06am EDT

General Electric signs 1 billion riyal deal to build gas turbines in Saudi Arabia

RIYADH General Electric (GE) signed a one billion riyal ($267 million) joint venture agreement on Wednesday with Saudi Arabia's state-backed Dussur industrial development company to manufacture gas turbines in the eastern city of Dammam.

Saudi Arabia, Deals 5:18am EDT

RBS struggles to seal deal over 2008 cash call dispute: sources

LONDON Royal Bank of Scotland is struggling to reach a deal with all the investors who allege the lender misled them during a 12 billion pound ($15.6 billion) cash call in 2008, two sources familiar with the situation said.

2:17am EDT

Bunge says not in talks with Glencore following approach

CHICAGO U.S. grains trader Bunge Ltd said on Tuesday it was not in talks with Swiss mining and commodities group Glencore Plc , after the latter said it had made an informal approach to discuss "a possible consensual business combination."

4:07am EDT

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