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U.S. tax cut outlook drives stocks but dents dollar

LONDON Global stock markets hit record highs on Monday on expectations that a U.S. tax bill could soon pass, though a more cautious reading of the draft law's prospects among currency traders put the dollar under pressure.

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Thai Beverage unit wins auction to buy 54 percent stake in Sabeco

HO CHI MINH CITY A unit of Thai Beverage won the auction to buy a $5 billion or 54 percent stake in top brewer Sabeco in the country's biggest ever privatization process, an official from the Ho Chi Minh City Stock Exchange said on Monday.

4:14am EST

German Vonovia climbs property ladder with $6.1 billion Buwog deal

FRANKFURT Vonovia , Germany's biggest residential property company, has agreed to buy Austrian counterpart Buwog in a cash deal valuing the latter at 5.2 billion euros ($6.12 billion), the two companies said on Monday.

5:49am EST

Solid Power, BMW partner to develop next-generation EV batteries

U.S. EV battery company Solid Power said on Monday it had partnered with Germany's BMW AG to develop the next-generation solid-state battery technology for use in electric vehicles (EVs).

6:06am EST

Workers at Israel's Teva Pharm block roads, continue protest over job cuts

JERUSALEM Workers at Israel's Teva Pharmaceutical Industries protested pending job cuts for a second straight day on Monday, blocking roads and shutting down a number of the drugmaker's plants nationwide.

4:53am EST

Lockheed hits 2017 F-35 delivery target despite production hiccups

Lockheed Martin Corp said that it hit its 2017 target to deliver 66 F-35 fighter jets to the U.S. and its allies last week, despite production problems as the defense contractor built 40 percent more jets this year.

4:06am EST

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