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World stocks extend global recovery, set for sixth day of gains

LONDON World stocks were set for a sixth session of gains on Monday, extending a recovery from a selloff sparked by fears of creeping inflation and higher borrowing costs.

Recent Business News

Software may have helped Daimler pass U.S. emissions tests: report

BERLIN U.S. investigators probing Mercedes maker Daimler have found that its cars were equipped with software which may have help them to pass diesel emissions tests, a German newspaper reported on Sunday, citing confidential documents.

Feb 18 2018

Deutsche Bank to cut at least 250 investment banking jobs -source

FRANKFURT Deutsche Bank is cutting at least 250 investment banking jobs in locations including London and the United States, a person familiar with the matter told Reuters, adding that the figure could rise to as many as 500.

8:45am EST

Jittery U.S. bond market braces for supply wave

NEW YORK Bond investors, who have been on edge over signs of growing inflation and a possibly more aggressive Federal Reserve, will have their work cut out for them as the U.S. government seeks to sell $258 billion worth of debt this coming week.

Feb 18 2018

Singapore competition agency to look closer at Uber tie-up with ComfortDelGro

SINGAPORE Singapore's competition commission said on Monday it plans to do further in-depth assessment of the tie-up between the city-state's top taxi operator, ComfortDelGro, and Uber [UBER.UL], after an initial review.

6:37am EST

KFC closes most of its UK stores due to chicken shortage

LONDON Fast-food chain KFC said on Monday it had been forced to close hundreds of its British stores because of a shortage of chicken.

11:10am EST

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