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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

Russian magnate Deripaska to quit roles at his two biggest firms

MOSCOW Russian billionaire Oleg Deripaska plans to step down as the president of the two companies he controls, aluminum giant Rusal and En+ Group , two sources familiar with the matter told Reuters.

8:53am EST

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