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Barclays Sells German Consumer Finance Business to Austria’s Bawag
Barclays said its Hamburg-based Consumer Bank Europe—which offers diversified retail banking services to the German and Austrian markets—will be bought for a small premium to net assets.
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BMW Hopes to Be a Steady Hand Amid EV Uncertainty
BMW is sticking to planned investments for its battery-powered future while holding onto its conventional gasoline-fueled roots, its technology chief Frank Weber said in an interview.
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Samsung Electronics Expects Surge in Second-Quarter Profit
The South Korean tech giant forecast a surge in second-quarter earnings, suggesting that its flagship semiconductor business sustained a strong recovery.
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Netflix, Disney Ask Canada Appeal Court to Stop Proposed Tax on Streaming Revenue
Netflix, Walt Disney, and other U.S. streaming companies have asked a Canadian court to stop plans by authorities to force them to fork over 5% of their sales in the country to finance local broadcast news and other domestic content.
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Canada Approves Glencore-Led Deal for Teck Coal Assets
Canada approved a Glencore-led $9 billion deal to acquire coal assets from Teck Resources, after officials secured commitments from both companies about additional investment in the country.
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Fed says it’s not ready to cut rates until ‘greater confidence’ inflation is moving to 2% goal
The Federal Reserve on Wednesday released minutes from its June 11-12 meeting.
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Asia-Pacific markets higher as Topix reaches all-time high
The Topix crossed its all time high of 2,886.50, previously set in December 1989 as Asia markets were up in trading.