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Brewer AB InBev raises offer for rival SABMiller

LONDON/BRUSSELS Anheuser-Busch InBev raised its $100 billion-plus bid for rival brewer SABMiller on Tuesday after a slide in the value of the pound following the Brexit vote made the offer less attractive for many investors, threatening to derail the deal.

Porsche to create more than 1,400 jobs for electric car

STUTTGART, Germany Porsche has raised the number of jobs it will create for the production of its first all-electric sports car to more than 1,400 from more than 1,000 previously, the manufacturer said on Tuesday.

Weaker dollar lifts oil prices, but mood remains bearish

SINGAPORE Oil prices rebounded from over three-month lows on Tuesday, lifted by a drop in the dollar, but concerns of ongoing oversupply weighed on markets and many traders are raising their bets on further price falls.

Japan shares slip, yen gains as caution grips

SYDNEY Caution was the watchword among investors on Tuesday, with equity markets mixed and the yen scampering higher ahead of central bank meetings in the United States and Japan.

Daimler's MyTaxi to merge with Hailo to take on Uber: sources

FRANKFURT Daimler will deepen its European footprint in the ride-hailing business when its MyTaxi smartphone app unveils an all-share merger deal with U.K. rival Hailo as soon as Tuesday, three sources briefed on the matter told Reuters.

Renewed oil weakness sparks demand fears

NEW YORK U.S. oil prices topped $50 a barrel in June, boosting optimism a two-year price rout might end. Six weeks later, the long hoped for recovery has yet to take hold.

Junk-rated U.S. municipalities shine brighter with record low rates

NEW YORK/CHICAGO Record low interest rates so far have failed to spur a wave of new borrowing in the $3.7 trillion U.S. municipal debt market, with one exception: its weakest borrowers are seizing the opportunity to prop up their finances at costs they can afford.

Verizon sale leaves Yahoo investors betting on a stub

Yahoo Inc shareholders may be left betting on how quickly, if at all, the former web pioneer can cash in on its multi-billion dollar stakes in two Asian peers after Monday's deal to sell its core internet assets to Verizon Communications Inc.

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