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World shares snap five-day losing streak on China policy expectation

LONDON World stocks steadied near three-week lows on Wednesday and Chinese markets bounced after recent sharp falls as expectations grew that policy stimulus by Beijing could temper some of the impact from an escalating Sino-U.S. trade conflict.

Recent Business News

Dow-ned but not out: Expulsion no body blow for GE shareholders

General Electric Co's expulsion from the elite Dow Jones Industrial Average may be a bitter pill to swallow for shareholders, but it could be little more than a publicity blow for investors in the 126-year-old struggling U.S. conglomerate.

12:48am EDT

Oil traders ready for musical chairs as China tariffs loom

NEW YORK Oil markets are bracing for a reshuffle of global trade flows as China threatens to impose tit-for-tat tariffs on imports of U.S. energy products, including crude.

6:26am EDT

Bombardier to sell 20 aircraft to Delta Air Lines

Canadian plane and train maker Bombardier Inc said on Wednesday that Delta Air Lines Inc has signed a purchase agreement for 20 CRJ900 aircraft, in a deal valued at about $961 million.

7:20am EDT

Exclusive: Taiyo Nippon, Carlyle frontrunners to buy Linde and Praxair assets - sources

NEW YORK/FRANKFURT Taiyo Nippon Sanso Corp and private equity firm Carlyle Group have emerged as frontrunners to buy assets that gases groups Linde and Praxair need to divest to seal their planned merger, people close to the matter said.

6:10am EDT

ZTE's Hong Kong shares rise after clarification of U.S. bill impact

HONG KONG Shares of China's ZTE Corp rose as much as 18 percent in Hong Kong on Wednesday as the impact of a U.S. Senate bill that threatens to restore penalties on the company became clearer.

Tech, China 1:48am EDT

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