Saturday 30 July 2016
 
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Clinton promises 'clear-eyed' vision for US

US presidential candidate Hillary Clinton said on Thursday the challenges facing Americans demand steady leadership and a collective spirit, contrasting her character with what she described as a dangerous and volatile Donald Trump.

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China fines Ritz-Carlton, others for raising prices after VAT rollout

China slapped fines of more than $300,000 on the Ritz Carlton and Crowne Plaza hotels in Beijing, along with four other companies for using recent tax reforms to justify price increases. The country's top economic regulator, t

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Sony logs 42pc plunge in Q1 operating profit

Japan's Sony Corp on Friday said operating profit fell in its first quarter by 42 per cent, less than analysts had estimated, as the electronics maker trimmed the impact of earthquake damage to one of its image sensor factories.

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Ford calls an end to US auto boom, rivals bet other way

Ford Motor Co on Thursday declared the US auto industry's long recovery is at an end, sending its stock and those of rival auto companies tumbling. "The growth is over," Ford chief financial officer Robert Shanks tol

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Deutsche Bank chief warns of deeper cuts after Q2 revenue drop

Deutsche Bank warned it may need deeper cost cuts to turn itself around, after revenue fell sharply in the second quarter due to challenging markets and low interest rates. "If the current weak economic environment persists,

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StanChart names Jose Vinals as new chairman

Standard Chartered has named former deputy governor of the Bank of Spain Jose Vinals as its new chairman, ending a 16-month search for a new leader to oversee a sweeping turnaround plan being undertaken by its new CEO. StanChart a

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VW eyes higher 2016 car sales on China, Europe demand

Volkswagen this year expects to increase group vehicle sales slightly beyond the 9.93 million cars it delivered in 2015, sales chief Fred Kappler said. Strong demand in China, Volkswagen's (VW) largest market, and Western Euro

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VW eyes higher 2016 car sales on China, Europe demand

Volkswagen this year expects to increase group vehicle sales slightly beyond the 9.93 million cars it delivered in 2015, sales chief Fred Kappler said. Strong demand in China, Volkswagen's (VW) largest market, and Western Euro

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Raytheon revenue tops estimates as smart bomb sales rise

Raytheon Co, the maker of Patriot missile systems, reported higher-than-expected quarterly revenue as sales of its Paveway smart bombs increased. The Waltham, Massachusetts-based company's shares rose 2.4 per cent to $138.60 i

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Saudi economy set to recover in 2017: IMF

Saudi Arabia's real GDP growth is expected to slow to 1.2 percent in 2016, but recover to 2 percent in 2017 as the pace of fiscal consolidation eases and to settle around 2¼ -2½ percent over the medium-term, the International

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