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Markets

Brexit drove Tesla to pick Berlin over Britain for new factory: report

Britain missed its chance to host the first European factory of U.S. electric vehicle pioneer Tesla because of Brexit, Chief Executive Elon Musk said in remarks reported on Wednesday.

Markets

Oil is our gold and we aim to use all of it, ADNOC official says

Abu Dhabi National Oil Co aims to exhaust its vast oil and gas reserves even as many consumers switch to cleaner sources of energy, a senior executive in the Gulf oil company said.

Markets

London forex trader accuses Citigroup of unfair dismissal

A former top Citigroup trader, who was fired in 2014 but acquitted of foreign exchange-rigging charges after a trial in New York, told a London employment tribunal he was unfairly dismissed despite being in the "eye of the storm" at the time.

Markets

Rising healthcare costs power US consumer inflation

U.S. consumer prices jumped by the most in seven months in October, which together with abating fears of a recession, support the Federal Reserve's signal for no further interest rate cuts in the near term.

Markets

Biotech-for-hire PeptiDream charts new path and becomes short target

The promise of PeptiDream Inc's drug-discovery technology and its lucrative research-for-hire contracts have made it a darling of the Tokyo stock market. Now, those gains have made it a target for short-seller Muddy Waters.

Markets

Singapore’s EDBI gives financial solutions firm Pico’s regional push a leg up

SINGAPORE Economic Development Board's investment arm EDBI has invested an undisclosed sum in financial solutions provider Pico.

Markets

US consumer prices increase more than expected in October

U.S. consumer prices rebounded more than expected in October and underlying inflation picked up, which together with abating trade tensions and fears of a recession, support the Federal Reserve's signal for no further interest rate cuts in the near term.

Markets

Futures fall as Trump speech clouds trade deal hopes

U.S. stock index futures fell on Wednesday, a day after the S&P 500 and Nasdaq hit new record highs, as a lack of clarity on U.S.-China trade relations from President Donald Trump and escalating tensions in Hong Kong dampened risk appetite.

Markets

Frustration, safety fears at finance firms as protests paralyse Hong Kong

HONG KONG: Finance firms in Hong Kong urged staff on Wednesday (Nov 13) to seek safety or work from home as anti-government protests paralysed the city's business district for a third day in one of the biggest disruptions faced by the Asian finance hub. While flexible work arrangements have...

Markets

US manufacturing group hacked by China as trade talks intensified: Sources

As trade talks between Washington and Beijing intensified earlier this year, suspected Chinese hackers broke into an industry group for U.S. manufacturers that has helped shape President Donald Trump's trade policies, according to two people familiar with the matter.

Markets

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