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Hyundai, Kia recall 570,000 vehicles, advise owners to park outside because of fire risk

The Korean car makers said the recalled vehicles could be equipped with a faulty tow hitch assembly that can take on water and experience an electrical short. This can increase…

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Financial Conduct Authority: You could lose it all if you buy bitcoin

Savers who pile money into crypto currencies should be prepared to lose everything, watchdogs warned.City regulator the Financial Conduct Authority (FCA) said demand for digital coins such as bitcoin has…

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European stocks fall as Deutsche Bank sparks another bank rout

By Sruthi Shankar and Bansari Mayur Kamdar(Reuters) -A steep sell-off in banking stocks hit European indexes on Friday as worries about the stability of the financial sector intensified, with Deutsche…

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Exclusive-ValueAct seeks to oust four directors of Seven & i

By Svea Herbst-Bayliss(Reuters) -ValueAct Capital informed Seven & i Holdings on Friday it would lobby to remove four directors from the Japanese's convenience store operator's 14-member board, citing "a failed…

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Oil slips on surprise US inventory build; Fed rate decision eyed

By Sudarshan Varadhan and Andrew HayleyBEIJING (Reuters) -Oil slipped in Asian trade on Wednesday, after two straight days of gains, as an industry report showed U.S. crude inventories rose unexpectedly…

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Business costs soar as Russia sanctions bite – survey

By Jonathan SaulLONDON (Reuters) - Insurance and compliance costs for transport companies are set to stay high after Western countries imposed trade restrictions on Russia with the prospect of broader…

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Stocks slide as Credit Suisse rescue fails to stem rout

By Tom WestbrookSINGAPORE (Reuters) - Banks led stock markets lower on Monday and safe havens such as bonds rallied as a weekend deal to rescue Credit Suisse and promises of…

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Credit Suisse shares slump over 61% in premarket trading after UBS deal

LONDON/ZURICH (Reuters) - Shares in Credit Suisse dropped 61.95% in premarket trading in Zurich on Monday after rival UBS agreed at the weekend to take over the 167-year old bank…

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Interest rate rises in doubt as fear of new global crisis rattles central banks

In 2006 the US central bank completed a series of interest rate rises that took its base rate from 1% to 5.25%. The plan was to cool a booming economy,…

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Britain launches electronic revolution amid fears of war between China and Taiwan

Ministers are planning a British electronics revolution to protect the country if China invades Taiwan and cripples the global microchip market.Chancellor Jeremy Hunt and Science Secretary Michelle Donelan are drawing…

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