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Trump’s ambitious Fannie, Freddie overhaul faces hurdles

WASHINGTON (Reuters) – President Donald Trump’s administration faces a growing list of hurdles that could scuttle its ambitions to remove U.S. mortgage giants Fannie Mae and Freddie Mac from their government lifeline. FILE PHOTO: The Fannie Mae headquarters is seen in Washington November 7, 2013. REUTERS/Gary Cameron/File Photo Fannie and Freddie have…

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London Stock Exchange in talks to buy Refinitiv for $27 billion

LONDON/NEW YORK (Reuters) – The London Stock Exchange Group Plc (LSE.L) said on Friday it was in discussions to acquire financial data analytics provider Refinitiv Holdings Ltd for $27 billion, including debt. FILE PHOTO: An advertisement for Refinitiv is seen on a screen in London’s Canary Wharf financial centre, London, Britain, October…

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U.S. Student Said to Confess to Killing Italian Policeman

ROME — A 19-year-old American student has confessed to killing a policeman in central Rome, in a crime that has shaken Italy, the national news agency ANSA reported on Friday. Mario Cerciello Rega, an officer with the Carabinieri military police, was repeatedly stabbed early on Friday after trying to arrest two people…

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Renault cuts revenue goal as car industry misery spreads

PARIS (Reuters) – Renault (RENA.PA) warned revenue may decline this year, scrapping a previous goal, after first-half profit was hit by weakening car demand and an earnings collapse at alliance partner Nissan (7201.T) in the wake of the Carlos Ghosn scandal. Net income slumped by more than half to 970 million euros…

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U.S. economy misses Trump’s 3% target in 2018

WASHINGTON (Reuters) – U.S. economic growth in 2018 missed the Trump administration’s 3% target by any measure, which could renew criticism of the White House’s $1.5 trillion in tax cuts. FILE PHOTO: A stack of shipping containers are pictured in the Port of Miami in Miami, Florida, U.S., May 19, 2016. REUTERS/Carlo…

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New auto safety technology leaves insurers in the dark

RUCKERSVILLE, Va. (Reuters) – Automakers are accelerating the rollout of technology designed to avoid crashes, but insurance companies are waving a caution flag at consumers eyeing discounts for buying collision-avoiding brakes or automated cruise control. Philip Floyd, senior engineering technician for the Insurance Institute for Highway Safety (IIHS), demonstrates a pedestrian crash…

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Alphabet, Intel earnings boost Wall Street at open

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 25, 2019. REUTERS/Brendan McDermid (Reuters) – Wall Street’s main indexes opened higher on Friday, as robust earnings from Google-owner Alphabet and Intel spurred a rally in technology stocks and data showed the U.S. economy slowed…

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Alphabet says to continue talks with DoJ in antitrust review

FILE PHOTO: A sign is pictured outside a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Dave Paresh/File Photo (Reuters) – Alphabet Inc on Thursday acknowledged a broader U.S. Department of Justice antitrust review of large technology firms and said it will continue to engage with…

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Alphabet shares jump 9% on ad rebound, cloud promise

(Reuters) – Shares of Alphabet Inc (GOOGL.O) rose nearly 9% in premarket trading on Friday, after the company handily beat Wall Street targets on higher ad sales and touted growth at its cloud unit, a high-margin business it is leaning more on to drive growth. The company’s cloud business is much smaller…

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Hong Kong Protests Spread to Airport as City Fears More Unrest

HONG KONG — Black-clad demonstrators rallied in Hong Kong’s airport on Friday, filling the arrivals hall of one of the world’s busiest terminals as the city braced for another weekend of potentially combustible protests. Activists also signaled that despite objections from the police, they would continue with plans for a Saturday rally…

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British Airways Resumes Cairo Flights After Security Review

LONDON — British Airways said on Friday that it was resuming flights to Cairo, nearly a week after abruptly canceling services to the Egyptian capital over security concerns. The airline said in an emailed statement that it had made the decision after “a thorough assessment of the security arrangements.” “The safety and…

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Iran Releases 9 Indian Sailors From Seized Tanker

NEW DELHI — Iran has released nine Indian mariners it had held after seizing a foreign tanker that it claimed was smuggling Iranian oil, the Indian Foreign Ministry said on Friday. The tanker, the Riah, which is based in the United Arab Emirates but registered in Panama, was seized nearly two weeks…

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Raytheon profit beats, raises full-year outlook

(Reuters) – U.S. weapons maker Raytheon Co (RTN.N) on Thursday reported a better-than-expected second-quarter profit and raised its full-year profit and sales outlook, helped by higher sales of missiles and guns for naval ships, sending its stock up 3% premarket. The Raytheon stand is seen at the 53rd International Paris Air Show…

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