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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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Hyundai Motor America to recall 567,912 vehicles – NHTSA

(Reuters) - Hyundai Motor America will recall 567,912 vehicles, as some models equipped with a tow hitch harness could catch fire due to a short circuit, the National Highway Traffic…

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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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Russian court freezes all Volkswagen assets in Russia

MOSCOW (Reuters) - A Russian court on Monday froze all Volkswagen assets in Russia, court documents seen by Reuters showed.Volkswagen was one of a string of foreign carmakers that suspended…

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As US importers liquidate and destroy unsold goods, ports eye shipping turnaround

By Lisa BaertleinLOS ANGELES (Reuters) - The leader of the busiest U.S. seaport on Friday said February's cargo volume hit the lowest level since the start of the pandemic as…

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China fines Deloitte $31 million for auditing negligence

BEIJING (Reuters) -China has fined auditing firm Deloitte 211.9 million yuan ($30.8 million) for failing to perform its duty in assessing the asset quality of China Huarong Asset Management Co…

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What is next for Credit Suisse after cash lifeline?

By Pablo Mayo Cerqueiro, Emma-Victoria Farr and Amy-Jo CrowleyLONDON (Reuters) -Credit Suisse's emergency lifeline from the Swiss central bank has provided the embattled lender with only limited relief, with its…

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Tesco to charge online, Booker suppliers new fulfilment charge

LONDON (Reuters) - Britain's Tesco has told the suppliers of its online and Booker wholesale operations that they will need to pay a new fulfilment charge if they want the…

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