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  • A man fishes next to a lake with the reflection of newly-built residential buildings at a park in Shenyang
    China economy stronger than data suggests: government

    By Aileen Wang and Adam Rose BEIJING (Reuters) - China's economy is doing better than official data suggests, the Commerce Ministry said a day after figures showed growth at an 18-month low, adding that …

    A man fishes next to a lake with the reflection of newly-built residential buildings at a park in Shenyang

    By Aileen Wang and Adam Rose BEIJING (Reuters) - China's economy is doing better than official data suggests, the Commerce Ministry said a day after figures showed growth at an 18-month low, adding that targets for exports and imports this year should be met despite some caution over the trade outlook. Ministry spokesman …

  • Citi received mixed signals from the Fed on 'stress test': WSJ

    (Reuters) - The Federal Reserve indicated to Citigroup Inc that the bank would get more time to fix certain "stress test" planning problems before rejecting its capital plan last month, the Wall Street …

    A Citibank sign on bank branch in midtown Manhattan in New York

    (Reuters) - The Federal Reserve indicated to Citigroup Inc that the bank would get more time to fix certain "stress test" planning problems before rejecting its capital plan last month, the Wall Street Journal reported, citing people close to the company. The Fed had agreed to give Citigroup a 2015 deadline to address …

  • GM faced a Cadillac ignition switch issue in 2006

    By Paul Lienert and Eric Beech DETROIT/WASHINGTON (Reuters) - General Motors engineers reported accidentally turning off ignition switches in a Cadillac SRX with their knees more than eight years ago, …

    The General Motors logo is seen outside its headquarters at the Renaissance Center in Detroit

    By Paul Lienert and Eric Beech DETROIT/WASHINGTON (Reuters) - General Motors engineers reported accidentally turning off ignition switches in a Cadillac SRX with their knees more than eight years ago, and they ordered a similar fix to a similar problem in smaller, cheaper cars linked to 13 deaths, according to documents …

  • Canadians bid farewell to Jim Flaherty, former finance minister

    By Cameron French TORONTO (Reuters) - Canada's political elite and hundreds of well-wishers paid final respects to former Finance Minister Jim Flaherty at a state funeral on Wednesday, with Prime Minister …

    Canada's Finance Minister Flaherty speaks during Question Period in the House of Commons on Parliament Hill in Ottawa

    By Cameron French TORONTO (Reuters) - Canada's political elite and hundreds of well-wishers paid final respects to former Finance Minister Jim Flaherty at a state funeral on Wednesday, with Prime Minister Stephen Harper depicting Flaherty as a man who put his own needs aside in the service of his country. Flaherty's death …

  • Former Bridgestone exec to plead guilty to price fixing: U.S. Justice Dept

    A former sales manager for Bridgestone Corp <5108.T> has agreed to plead guilty and serve 18 months in prison for participating in a conspiracy to fix the prices of rubber anti-vibration devices used in …

    Pedestrians are reflected in a signboard of Bridgestone Corp. at its headquarters in Tokyo

    A former sales manager for Bridgestone Corp <5108.T> has agreed to plead guilty and serve 18 months in prison for participating in a conspiracy to fix the prices of rubber anti-vibration devices used in automotive suspension systems and engine mounts, the Justice Department said on Wednesday. In a separate action involving …

  • ADVISORY: ‘Bank of America in talks with US on probe of Merrill' is withdrawn

    The information reported in the story "Bank of America in talks with US on probe of Merrill" was previously disclosed in a filing by Bank of America.

    People use an ATM at a Bank of America's branch in New York

    The information reported in the story "Bank of America in talks with US on probe of Merrill" was previously disclosed in a filing by Bank of America.

  • U.S. industry shows some vigor, but housing soft

    By Lucia Mutikani WASHINGTON (Reuters) - U.S. industrial production rose at a faster-than-expected clip in March, the latest sign the economy was gaining momentum. Groundbreaking for new homes also increased …

    Workers install a roof on a multi-family building in Broomfield

    By Lucia Mutikani WASHINGTON (Reuters) - U.S. industrial production rose at a faster-than-expected clip in March, the latest sign the economy was gaining momentum. Groundbreaking for new homes also increased but remained well below the post-recession peak hit in November, signaling the drag the housing market is placing …

  • Yamana, Agnico reach C$3.9 billion deal with Osisko to thwart Goldcorp takeover bid

    By Allison Martell and Euan Rocha TORONTO (Reuters) - Canada's Osisko Mining Corp said on Wednesday it has reached a C$3.9 billion ($3.6 billion) deal to sell most of its assets to Yamana Gold Inc and …

    By Allison Martell and Euan Rocha TORONTO (Reuters) - Canada's Osisko Mining Corp said on Wednesday it has reached a C$3.9 billion ($3.6 billion) deal to sell most of its assets to Yamana Gold Inc and Agnico Eagle Mines Ltd as it battles to thwart a hostile takeover bid from Goldcorp Inc , one of the world's biggest gold …

  • China's growth slows to 7.4 per cent in Q1, raising risk of job losses

    BEIJING, China - China's economic growth slowed further in the latest quarter but appeared strong enough to satisfy Chinese leaders who are trying to put the country on a more sustainable path without …

    China's growth slows to 7.4 per cent in Q1, raising risk of job losses

    BEIJING, China - China's economic growth slowed further in the latest quarter but appeared strong enough to satisfy Chinese leaders who are trying to put the country on a more sustainable path without ...

  • Defunct bitcoin exchange Mt. Gox files for liquidation: report

    Mt. Gox, once the world's biggest bitcoin exchange, is likely to be liquidated after a Tokyo court dismissed the company's bid to resuscitate its business, the court-appointed administrator said on Wednesday. …

    Mark Karpeles, chief executive of Mt. Gox, attends a news conference at the Tokyo District Court in Tokyo

    Mt. Gox, once the world's biggest bitcoin exchange, is likely to be liquidated after a Tokyo court dismissed the company's bid to resuscitate its business, the court-appointed administrator said on Wednesday. CEO Mark Karpeles is also likely to be investigated for liability in the collapse of the Tokyo-based firm, the …

  • GM to seek court protection against ignition lawsuits

    GM has said it is protected from liability for claims related to incidents that occurred before it exited bankruptcy in 2009, and has taken steps to raise those issues with the court by filing motions …

    A man walks past a row of General Motors vehicles at a Chevrolet dealership on Woodward Avenue in Detroit, Michigan

    GM has said it is protected from liability for claims related to incidents that occurred before it exited bankruptcy in 2009, and has taken steps to raise those issues with the court by filing motions to stay recall-related lawsuits while it asks that bankruptcy court to clarify the extent of that protection. In a filing …

  • Global shares up on China relief, Ukraine strains remain

    By Marc Jones LONDON (Reuters) - Share markets made broad gains on Wednesday after China reported economic growth a touch above forecasts, a relief for investors who had feared a much weaker outcome. …

    A man smokes a cigarette outside The London Stock Exchange

    By Marc Jones LONDON (Reuters) - Share markets made broad gains on Wednesday after China reported economic growth a touch above forecasts, a relief for investors who had feared a much weaker outcome. China's economy grew 7.4 percent in the first quarter, from a year earlier, pipping forecasts of 7.3 percent. The relief …

  • BOJ's Kuroda maintains positive view on economy

    By Leika Kihara TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Wednesday affirmed the central bank's upbeat view of the economy, even as global financial markets wobble, stressing that growth …

    Bank of Japan Governor Kuroda gestures as he listens to questions during a news conference at the BOJ headquarters in Tokyo

    By Leika Kihara TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Wednesday affirmed the central bank's upbeat view of the economy, even as global financial markets wobble, stressing that growth will pick up around mid-year as the sting of a sales tax hike fades. Price rises will broaden as the economy continues …

  • Alibaba's growth accelerates, U.S. IPO filing expected next week

    By Edwin Chan SAN FRANCISCO (Reuters) - Alibaba Group Holding Ltd's revenue growth accelerated in the last quarter of 2013, a timely lift for the Chinese Internet company as it prepares to file a prospectus …

    File photo of an employee walking past a logo of Alibaba Group at its headquarters on the outskirts of Hangzhou

    By Edwin Chan SAN FRANCISCO (Reuters) - Alibaba Group Holding Ltd's revenue growth accelerated in the last quarter of 2013, a timely lift for the Chinese Internet company as it prepares to file a prospectus next week for its highly anticipated initial public offering. Alibaba is expected to file prospectus for the share …

  • China economic growth slows to 18-month low in first-quarter

    By Adam Rose and Xiaoyi Shao BEIJING (Reuters) - China's economy grew at its slowest pace in 18 months at the start of 2014, but did a touch better than expected and showed some improvement in March, …

    A labourer works at a construction site in Hangzhou

    By Adam Rose and Xiaoyi Shao BEIJING (Reuters) - China's economy grew at its slowest pace in 18 months at the start of 2014, but did a touch better than expected and showed some improvement in March, suggesting Beijing will not rush to follow up recent steps to support activity. The economy grew 7.4 percent in the January-March …

  • China e-commerce giant Alibaba seen filing for U.S. IPO next week: sources

    HONG KONG (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd. is expected to file the prospectus for its U.S. initial public offering next week, sources said on Wednesday, moving closer to …

    File photo of an employee walking past a logo of Alibaba Group at its headquarters on the outskirts of Hangzhou

    HONG KONG (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd. is expected to file the prospectus for its U.S. initial public offering next week, sources said on Wednesday, moving closer to what could be the biggest-ever listing by a technology firm. Alibaba's documents could be filed as soon as Monday, added …

  • ECB plan could boost shares in Europe's weakest companies

    By Francesco Canepa LONDON (Reuters) - Shares in some of Europe's least profitable and most indebted companies are set to outperform in the coming months if the European Central Bank starts buying corporate …

    Structure showing the Euro currency sign is seen in front of the ECB headquarters in Frankfurt

    By Francesco Canepa LONDON (Reuters) - Shares in some of Europe's least profitable and most indebted companies are set to outperform in the coming months if the European Central Bank starts buying corporate bonds to fight the threat of deflation. The ECB has opened the door to the purchase of asset-backed securities such …

  • Bonds shine again as Great Rotation gives way to Asset Reflation

    By Jamie McGeever and Mike Dolan LONDON (Reuters) - Last Thursday morning investors queued around the block to buy the bonds of recent defaulter Greece, and by the end of the day were selling U.S. tech …

    A man makes his way inside the reception hall of the Greek Stock Exchange in Athens

    By Jamie McGeever and Mike Dolan LONDON (Reuters) - Last Thursday morning investors queued around the block to buy the bonds of recent defaulter Greece, and by the end of the day were selling U.S. tech stocks furiously. Many stock markets around the world, including those in both developed and emerging countries, are …

  • Samsung executive says Galaxy S5 to outsell S4

    By Miyoung Kim and Se Young Lee SEOUL (Reuters) - Samsung Electronics Co Ltd's new Galaxy S5 smartphone should outsell its predecessor and defy predictions that the South Korean titan's latest model will …

    A man uses his mobile phone in front of a giant advertisement promoting Samsung Electronics' new Galaxy S5 smartphone, at an art hall in central Seoul

    By Miyoung Kim and Se Young Lee SEOUL (Reuters) - Samsung Electronics Co Ltd's new Galaxy S5 smartphone should outsell its predecessor and defy predictions that the South Korean titan's latest model will struggle in a tough market for high-end handsets, a top executive said. The world's biggest smartphone maker has slashed …

  • Intel's quarterly net beats Street, CEO talks up tablets

    By Noel Randewich SAN FRANCISCO (Reuters) - Intel Corp's first-quarter net profit exceeded Wall Street's estimates as the chipmaker wrestles with slow demand for personal computers and its chief executive …

    An Intel logo is seen at the company's offices in Petah Tikva, near Tel Aviv

    By Noel Randewich SAN FRANCISCO (Reuters) - Intel Corp's first-quarter net profit exceeded Wall Street's estimates as the chipmaker wrestles with slow demand for personal computers and its chief executive officer said an ambitious goal to stake out market share in tablets was on track. With personal computer shipments …