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  Recent hurricanes take toll on quarterly earnings
[20.10.2017]

SAN FRANCISCO: After raging over the southern United States and Puerto Rico, remnants of hurricanes Harvey, Irma and Maria are now dampening U.S. corporate profits.
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  U.S. tax plan hopes lift stocks, dollar strengthens
[20.10.2017]

NEW YORK: World stocks advanced, bond yields rose and the U.S. dollar strengthened on Friday on increased hopes President Donald Trump could make progress on his fiscal plans after the U.S. Senate approved a budget blueprint that paves the way for tax cuts.
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  California judge tosses $417 million talc cancer verdict against Johnson & Johnson
[21.10.2017]

A California judge on Friday threw out a $417 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products like Johnson's Baby Powder for feminine hygiene.
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  Bitcoin soars to record high above $6,000
[20.10.2017]

NEW YORK: Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point, as investors continued to bet on an asset that has a limited supply and has paved the way for a whole slew of crypto-currencies.
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  Stock market's future in Trump's hands as Federal Reserve chair pick looms
[20.10.2017]

NEW YORK: Investors awaiting the nomination of the next Federal Reserve chair are hoping whoever is nominated pursues the same monetary policy that has supported rising stock prices for the past nine years.
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  Japan's Mitsubishi, U.S. partner to invest $1.8 billion in data centers: media
[21.10.2017]

TOKYO: Japanese trading house Mitsubishi Corp plans to set up a joint venture with U.S. data center operator Digital Realty Trust and build around 10 data centers in Japan by 2022 for 200 billion yen ($1.8 billion), the Nikkei said on Saturday.
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  China says will guide private capital into higher growth areas
[21.10.2017]

BEIJING: China will introduce measures aimed at guiding private investment into areas that have a higher growth potential, a senior official with the state planning agency said on Saturday.
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  Merck to cut 1,800 U.S. sales jobs, add 960 in chronic care
[20.10.2017]

Drugmaker Merck & Co Inc , moving to a new sales team structure in the United States, plans to cut 1,800 sales positions, while adding 960 jobs to a new chronic care sales force, the company said on Friday.
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  Snap lays off 18 employees in recruiting division
[20.10.2017]

SAN FRANCISCO: Social media company Snap Inc said on Friday it had laid off 18 people in its recruiting division, an unusual move for a young company with ambitious growth plans and a likely reflection of tough competition from Facebook Inc .
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  Tesla raises borrowing capacity for car leases to $1.1 billion
[20.10.2017]

Tesla Inc said on Friday it has increased its borrowing capacity for a car lease program to $1.1 billion from $600 million.
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