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  • The Nokia headquarters is seen in Espoo

    FRANKFURT/HELSINKI (Reuters) - German carmakers BMW (BMWG.DE), Audi (VOWG_p.DE) and Mercedes (DAIGn.DE), will pay around 2.5 billion euros (1.75 billion pounds) to buy Nokia's maps business, a transformational deal that will help them to develop self-driving cars. Daimler BMW and Audi (NSUG.DE) will each hold an equal …

  • An investor watches an electronic board showing stock information at a brokerage office in Beijing

    China's markets regulator has frozen a trading account linked to Citadel Securities, a unit of the U.S. group that also owns hedge fund Citadel LLC, as Beijing battles against speculators to prop up China's ailing stock markets. The regulator, which has declared war on "malicious" short selling, has been at the forefront …

  • Consortium of Audi, BMW and Mercedes-owner Daimler buy GPS maps service as carmakers face growing technology threat

  • The banking group is withdrawing from Brazil after a disappointing performance in the country

  • Asia stocks mostly down as China manufacturing slows

    A private survey of Chinese manufacturing activity showed a decline to a two-year low in July, suggesting China's economy faces challenges in the third quarter

  • (ShareCast News) - City sources predict the FTSE 100 will open six points lower than Friday's close of 6,696.28.

  • HSBC Holdings (HSBA.L) beat expectations with a 10 percent rise in first-half profit on Monday, driven by a strong performance in Hong Kong, and said it had agreed the sale of its unprofitable Brazilian unit. Profits were driven by an investing frenzy in Hong Kong among individual customers amid China's soaring markets …

  • A traffic light shines orange near the HSBC bank logo in Paris

    HSBC Holdings (HSBA.L) beat expectations with a 10 percent rise in first-half profit on Monday, driven by a strong performance in Hong Kong, and said it had agreed the sale of its unprofitable Brazilian unit. Profits were driven by an investing frenzy in Hong Kong among individual customers amid China's soaring markets …

  • (ShareCast News) - UK Chancellor George Osborne is aiming to eclipse the Thatcherite privatisation boom of the 1980s and 1990s as he oversees the biggest-ever sale of publicly-owned corporate and financial ...

  • How the AP-GfK poll on water was conducted Associated Press - 1 hour 23 minutes ago

    The Associated Press-GfK poll on water and drought was conducted by GfK Public Affairs and Corporate Communications July 9-13. It is based on online interviews of 1,004 adults who are members of GfK's ...

  • Nokia selling mapping service Here to German car makers for 2.8 bn euros

    Finnish telecoms group Nokia is selling its mapping service Here to German car makers BMW, Audi and Mercedes-Benz for 2.8 billion euros ($3 billion)

  • Water & farmers: Things to know about AP-GfK drought poll Associated Press - 1 hour 24 minutes ago
    Water & farmers: Things to know about AP-GfK drought poll

    A new Associated Press-GfK poll finds most Americans think of water as a limited resource that can be depleted if people use too much. When asked to rate priorities when water is scarce during a drought, ...

  • Oil hits multi-month lows on record OPEC output Reuters - 1 hour 34 minutes ago
    An oil field is seen at sunrise near Bakersfield

    Oil extended losses to multi-month lows on Monday on worries of oversupply as OPEC pumped at record levels in July, while weak China data stoked concerns about slower growth at the world's second largest oil consumer. Oil output by the Organization of the Petroleum Exporting Countries (OPEC) reached the highest monthly …

  • Heineken profits rocket by 81 percent says brewer

    Dutch brewer Heineken said Monday its first quarter profits had almost doubled, with net earnings rising by 81 percent to 1.14 billion euros

  • Gold struggles after worst month in two years Reuters - 1 hour 45 minutes ago

    Gold steadied not far above a 5-1/2-year low on Monday, struggling to scale higher at the start of the month after its deepest loss in two years in July, as expectations for a near-term hike in U.S. interest rates kept sellers nearby. Gold's rout deepened last month as the dollar strengthened after upbeat U.S. economic …

  • All bets are off inside Laos' jungle sin city

    The Chinese-owned Kings Romans casino in Ton Pheung, a special economic zone set in northwestern Laos along the Mekong river, at the border with Thailand and Myanmar

  • HSBC Reports 10% Profit Rise As It Exits Brazil Sky News - 1 hour 59 minutes ago
    HSBC Reports 10% Profit Rise As It Exits Brazil

    Profit before tax at the UK's largest bank has risen by 10% to £8.7bn in the first six months of the year. The results for the first half of the financial year come a little over a month after HSBC announced that it would axe up to 8,000 jobs in the UK  as part of a global restructuring. On that same investor call in …

  • HSBC Reports 10% Profit Rise As It Exits Brazil

    Profit before tax at the UK's largest bank has risen by 10% to £8.7bn in the first six months of the year. The results for the first half of the financial year come a little over a month after HSBC announced that it would axe up to 8,000 jobs in the UK  as part of a global restructuring. On that same investor call in …

  • * Malaysia c.bank spotted intervening, but sporadically * Malaysia FX reserves data on Friday closely eyed * Baht, won gain on short-covering (Adds text, updates prices) By Jongwoo Cheon SINGAPORE, Aug ...

  • Similar business activity surveys for Taiwan, South Korea and Indonesia - all heavily reliant on Chinese demand - reflected varying degrees of weakness that is clouding hopes for a convincing global recovery in the second half of the year. With Greece's latest debt squeeze resolved, for now, investors' focus will shift …

  • Woman reaches for a can of Heineken at a restaurant in Bangkok

    Heineken NV (HEIN.AS), the world's third largest brewer, reported higher first-half results than markets expected as it increased profit in all regions except Africa and maintained its full-year forecast of growth, albeit slower than in 2014. The Dutch brewer fared best in Asia, where expansion was strongest thanks to …

  • A man looks at a mobile phone at the Tokyo Stock Exchange (TSE) in Tokyo

    HONG KONG/TOKYO (Reuters) - An index of Asian shares outside Japan fell close to this year's lows on Monday thanks to a deepening selloff in commodities and fresh concerns over slowing growth in China, while the dollar held its ground against a basket of currencies. In a blow to risk sentiment, a private survey showed …

  • For U.S. coffee shops, business usually cools down as the weather heats up. Since cold brew often uses more beans than traditional iced coffee, it could boost overall U.S. demand for coffee beans, partially offsetting the effect of the more efficient single-serve pods popularized by Keurig Green Mountain (GMCR.O). Peet's …

  • HSBC Holdings PLC, Europe's biggest bank, said Monday that strong performance in Asia helped to boost first-half profit by 10 percent. The bank also announced the sale of its Brazil business for $5.2 billion. ...

  • Obama to unveil 'biggest step ever' in climate fight

    US President Barack Obama will Monday unveil what he called the "biggest, most important step we've ever taken" to fight climate change, a sensitive issue central to his legacy

  • Asian stocks fell Monday on weaker Chinese manufacturing and lower oil prices as investors looked ahead to U.S. data on factory output and employment. KEEPING SCORE: The Shanghai Composite Index fell 2.4 ...

  • Misery deepens for those in Puerto Rico who can't leave

    Most tables are empty at Walter Martin's coffee shop in San Juan's colonial district. His brow is furrowed with concern and glistens with sweat in the sweltering Caribbean morning. He's turned off the ...

  • New cancer drug cocktails set to reach the market in the next few years will test the limits of premium pricing for life-saving medicines, forcing company executives to consider fresh market strategies. The growing reluctance of governments and private insurers to fund very expensive drugs - even remarkably effective ones …

  • An AT&T Logo is pictured on the side of a building in Pasadena

    The company and the biggest satellite-TV provider DirecTV became the country's largest pay-TV company, completing their merger after receiving final regulatory approval. The combination with DirecTV was aimed at beefing up Dallas-based AT&T's packages of cellular, broadband, TV and fixed-line phone services. In an offer …

  • VIDEO: 'Bad things happen to good robots'

    A hitchhiking robot, HitchBOT, who has spent weeks travelling around Europe and Canada is smashed to pieces two weeks after arriving in the United States.

  • RICOH Women's British Open 2015

    Donald Trump's presidential campaign has fired a staffer after racially charged and insulting Facebook posts under his name came to light, a person close to the campaign said on Sunday. The posts, which date back to 2007, included an apparent racial slur targeting civil rights leader Reverend Al Sharpton's daughter. Other …

  • Greece will take another step away from full-on crisis mode on Monday by opening its stock market for the first time in five weeks, although immediate heavy losses are expected. Trading on the Athens bourse was suspended in late June as part of capital controls imposed to stem a debilitating outflow of euros that threatened …

  • The Nokia headquarters is seen in Espoo

    A consortium of German premium carmakers has agreed a deal to buy Nokia's mapping business HERE, two people familiar with the matter said on Sunday, in a push to extend the reach of automakers into digital services for connected cars. The consortium of Daimler BMW and Volkswagen's premium division Audi, has agreed to pay …

  • Automakers in China may be forced to come up with more drastic mitigation measures when July sales results released from this week likely reveal a fourth month of contraction after a stock market crash sapped consumer sentiment. "Car manufacturers are biting their nails as they wait to see July sales and the full impact …

  • Democratic front-runner Hillary Clinton will launch her first 2016 presidential campaign ads...

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