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Facebook's rise in profits, users shows resilience after scandals

Facebook Inc shares rose on Wednesday after the social network reported a surprisingly strong 63 percent rise in profit and an increase in users, with no sign that business was hurt by a scandal over the mishandling of personal data. | Video

Recent Business News

Asia stocks supported by Wall St., but China drags

TOKYO Asian stocks were supported on Thursday by robust corporate earnings that helped Wall Street quell concerns about the surge in U.S. bond yields. However, sagging Chinese shares limited the upside potential of the market.

1:53am EDT

Chevron evacuates Venezuela executives following staff arrests

U.S. oil major Chevron Corp has evacuated executives from Venezuela after two of its workers were imprisoned over a contract dispute with state-owned oil company PDVSA, according to four sources familiar with the matter.

Apr 25 2018

China considering cutting duty on imported cars by about half: Bloomberg

BEIJING/SHANGHAI China is considering cutting the import duty on passenger cars by about half as part of the country's plan to further open up the automobile market, Bloomberg News reported on Thursday, citing people familiar with the matter.

12:46am EDT

Deutsche Bank to scale back investment bank as profits drop

FRANKFURT Deutsche Bank announced cutbacks to its bond and equities trading on Thursday in a major overhaul of its troubled investment bank, after posting a 79 percent drop in net profit in the first quarter.

2:35am EDT

Shell profit soars on stronger oil prices

LONDON Royal Dutch Shell on Thursday reported a 42 percent rise in first-quarter profit, its highest in over three years, boosted by higher oil prices and production.

2:40am EDT

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