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Dollar dumped, bonds buoyant on Fed inflation caution

SYDNEY The dollar was on the defensive Thursday after suffering its worst drubbing in five months while bonds celebrated a comeback on speculation the Federal Reserve might not tighten U.S. policy as aggressively as previously thought.

Recent Business News

HPE CEO Whitman's surprise exit stumps Wall Street

Shares of Hewlett Packard Enterprise Co fell 6 percent on Wednesday after Chief Executive Officer Meg Whitman's decision to step down from the role took Wall Street by surprise.

Nov 22 2017

Teva Pharmaceutical set for major layoffs in Israel, U.S.: report

TEL AVIV Teva Pharmaceutical Industries is expected to cut 20-25 percent of its 6,860 workers in Israel and a few thousand more in the United States, financial news website Calcalist reported on Thursday.

4:20am EST

Tesla cranks up big battery in Australia

MELBOURNE Tesla Inc has completed construction of the world's largest lithium ion battery in Australia, putting it on track to meet a 100-day deadline for switching the battery packs on, the South Australian government said on Thursday.

2:06am EST

Rockwell Automation rebuffs Emerson's latest $29 billion bid

Rockwell Automation Inc rejected Emerson Electric Co's sweetened $29 billion takeover offer on Wednesday, in its strongest rebuttal to date of the proposed combination of two of the world's largest factory equipment makers. | Video

Nov 22 2017

Cathay Pacific's pilots plan levy as buffer against action by airline

SINGAPORE Cathay Pacific Airways Ltd's pilots will vote on whether to raise funds as a buffer against any actions the loss-making Hong Kong airline takes against them such as unilateral benefit changes or job losses, according to the pilot's union.

2:03am EST

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