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China’s ChemChina, Sinochem set to merge: Caixin

BEIJING (Reuters) – Chinese state-owned Sinochem and ChemChina will merge to create a new company, to be headed by Sinochem chief Ning Gaoning, financial publication Caixin reported on Saturday, confirming an earlier Reuters report. FILE PHOTO: The company logo of China National Chemical Corp, or ChemChina, is seen at its headquarters in…

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Wall Street ekes out gain as Nike surges

NEW YORK (Reuters) – Wall Street’s major stock indexes edged higher on Friday, as a surge in Nike Inc shares helped the quarter close out on an upswing while concerns over U.S. international trade relations ebbed. For the quarter, the Dow, the S&P 500 and the Nasdaq all posted gains. The Dow…

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Stress test results signal more flexible new-look Fed

WASHINGTON (Reuters) – This year’s Federal Reserve stress test results suggested a more flexible approach, a further sign the regulator’s new leadership is responding positively to a Wall Street push for pragmatic bank supervision, analysts and lawyers said. FILE PHOTO: The Federal Reserve headquarters in Washington, U.S., September 16, 2015. REUTERS/Kevin Lamarque/File…

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Comcast says services being restored after outage

(Reuters) – Comcast Corp (CMCSA.O) said on Friday services interrupted by two separate incidents of fiber cuts at its network providers were being restored. FILE PHOTO: The Comcast NBC logo is shown on a building in Los Angeles, California, U.S. June 13, 2018. REUTERS/Mike Blake “Our engineers worked to address the issue…

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