Stocks jump to records as tech, small companies lead way

Stocks jump to records as tech, small companies lead way

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A flurry of buyout deals and rising optimism about U.S.-China trade talks sent stocks back to record heights Monday, the latest bit of fuel for a market that’s been climbing since early last month. Technology stocks and smaller companies led the way after China issued new guidelines for the protection of patents and copyrights. Theft […]

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China central bank warns over rising household debt levels

China central bank warns over rising household debt levels

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China’s central bank has warned over the dangers of a rapid build-up in the country’s household debt, urging greater oversight of mortgages and consumer loans to decrease risks to the country’s financial system. Household leverage hit 60 per cent of China’s gross domestic product as of the end of 2018, with total debt now equal […]

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Fiat Chrysler, PSA tell employees they will sign merger agreement in coming weeks: media By Reuters

Fiat Chrysler, PSA tell employees they will sign merger agreement in coming weeks: media By Reuters

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MILAN (Reuters) – Fiat Chrysler (MI:) and Peugeot-owner PSA (PA:) told their employees they would sign a binding merger agreement in coming weeks, several Italian newspapers reported on Tuesday. The two groups are in talk to finalize a merger that would create the world’s fourth-largest carmaker. Nine working groups are working on the final agreement, […]

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Boomtime back as dealmaking hits $70bn in a day

Boomtime back as dealmaking hits $70bn in a day

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Companies unleashed a wave of global takeovers on Monday, agreeing more than $70bn in deals as multinationals targeted the booming US market to squeeze out competitors and find new sources of growth. Industry leaders such as US discount brokerage Charles Schwab, French luxury powerhouse LVMH, Swiss drugs company Novartis and Japanese conglomerate Mitsubishi all snapped […]

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WADA committee recommends four-year Olympics ban on Russian officials

WADA committee recommends four-year Olympics ban on Russian officials By Reuters

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WADA committee recommends four-year Olympics ban on Russian officials (Reuters) – The World Anti-Doping Agency (WADA) said on Monday its compliance review committee had recommended that Russian government officials be prohibited from attending or participating in any Olympic Games for four years over non-compliance with the World Anti-Doping Code. WADA said its report is based […]

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