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Mitsubishi Will Likely Cut Earnings Forecast on Rogue Oil Losses
A $320 million loss by a rogue oil trader at Mitsubishi Corp.’s Singapore unit will likely prompt the Japanese company to cut its full-year net income forecast,...
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Paranoia Written All Over S&P 500 in Struggle Back to a Record
The relentless drive into defensive stocks is a logical way to cope for investors beset all year by signs a recession is at hand. It’s also a tough way to ...
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Tax Cut Gives Modi Perfect Pitch to Win American Investments
Prime Minister Narendra Modi arrives in the U.S. a day after delivering a $20 billion tax-cut stimulus for companies, which strengthens his pitch to American chief exe...
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Nearly 1,500 Arrests Do Little to Deter Hong Kong’s Protests
As one of Hong Kong’s protests became increasingly violent last month, Ventus Lau ventured near the front lines where demonstrators had ripped down smart lampposts a...
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China Scraps U.S. Farm Tour, Stoking Pessimism on Trade Deal
A Chinese trade delegation canceled a planned visit to farms in the U.S. heartland, driving down stock indexes as investors turned pessimistic on progress toward resol...
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Saudi Arabia Reveals Damage to Giant Khurais Oil Field
Saudi Aramco revealed damage caused by an aerial strike on its Khurais oil field last weekend, and insisted that the site will be back to pre-attack output levels...
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Rogue Oil Trader Causes $320 Million Loss at Mitsubishi Corp. Unit
Mitsubishi Corp. said a rogue oil trader at its Singapore unit lost $320 million in unauthorized transactions disguised as legitimate hedges for customers.The emp...
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Apple’s Mac Pro Tariff Relief Requests Advance Despite Trump Opposition
Some of Apple Inc.’s requests to avoid tariffs on Chinese imports are advancing in the review process, even though President Donald Trump indicated he would reject t...
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Hong Kong Hotel Workers Go on Unpaid Leave as Tourists Shun City
Protests in Hong Kong are driving away visitors, and the city’s hotel workers are paying the price.About 77pct of people working in hotels have been asked to take un...
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FedEx Pilot Detained in China for Item Found in Luggage
A FedEx Corp. pilot was temporarily detained in Southeastern China after authorities found an item in his luggage prior to boarding a commercial flight, mark...
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