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Italian banks sink on early election worries

LONDON Concern over Italy's banks and Britain's national election dominated holiday-thinned European financial markets on Monday, from back off two-year highs.

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Japan Tobacco plans to quadruple smokeless tobacco output capacity by 2018: CEO

TOKYO Japan Tobacco Inc plans to spend $500 million to quadruple its smokeless tobacco production capacity by the end of 2018, as it races against bigger rival Philip Morris for a larger share of the Japanese vaping products market.

7:11am EDT

China's slam dunk 'sharing economy' booms, but can it last?

BEIJING Fancy shooting some hoops, but don't have a basketball? Caught in the rain with no umbrella? Smartphone run out of juice?

5:13am EDT

Switch it up this year: Buy in May, till November stay

NEW YORK "Sell in May and go away" is perhaps the oldest saw on Wall Street, but it appears there's no shortage of U.S. mutual funds doing exactly that this year. | Video

May 28 2017

Lenovo's struggling mobile business sets sight on high-end market

HONG KONG After a bruising fall from its spot as the world's third-largest mobile phone maker following its acquisition of Motorola three years ago, China's Lenovo Group Ltd is counting on a push upmarket to stop the bleeding in its smartphone business.

May 28 2017

As Fed raises rates, aim is not to roil markets, Williams says

The U.S. economy is at or near the Federal Reserve's goals of full employment and stable prices, San Francisco Fed President John Williams said, adding that the U.S. central bank wants to make sure markets stay calm as it slowly returns interest-rate policy to normal.

May 28 2017

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