Few tears shed by French workers after Macron's Alstom dream is blocked

After four decades on the production line at French trainmaker Alstom, Claude Gemino had little sympathy for Emmanuel Macron when Brussels scotched the French president’s hopes of creating a European rail champion. For Gemino and many co-workers at Alstom’s Belfort factory, Macron’s support for the blocked merger with Germany’s Siemens signaled a readiness to put shareholders ahead of jobs and protecting France’s fragile manufacturing sector.

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Few tears shed by French workers after Macron's Alstom dream is blocked

How to Set Up a Credit Fraud Alert in 3 Easy Steps

A fraud alert can prevent you from becoming a victim, and is easier to set up than you may think.Image source: Getty Images.

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How to Set Up a Credit Fraud Alert in 3 Easy Steps

Citing Trump and Brexit, EU sees euro zone economy risk, sharp drop in UK growth

The European Commission said on Monday that uncertainty about U.S. policies, Brexit and elections in Germany and France would take their toll on the euro zone economy this year. It forecast euro zone economic growth to lose some speed this year before rebounding in 2018. The British economy will nearly halve its expansion by 2018, the European Union executive said in a broad series of economic forecasts.

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Citing Trump and Brexit, EU sees euro zone economy risk, sharp drop in UK growth

South Korea’s Hanjin Shipping to sell major businesses

SEOUL (Reuters) – South Korea's Hanjin Shipping Co Ltd is selling major businesses, including its Asia-U.S. route network, and will receive letters of intent by October 28, the company said on Thursday. In a regulatory filing the company said a Seoul court overseeing its receivership process approved a public auction of the major businesses, and it is to get binding bids from interested parties by November 7, after a due diligence process. (Reporting by Joyce Lee; Editing by Clarence Fernandez)

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South Korea’s Hanjin Shipping to sell major businesses

Gloomy China September trade data raises fears recovery may be faltering

China's September exports fell 10 percent from a year earlier, far worse than expected, while imports unexpectedly shrank after picking up in August, suggesting signs of steadying in the world's second-largest economy may be short-lived. The disappointing trade figures pointed to weaker demand both at home and aboard, and deepened concerns over the latest depreciation in China's yuan currency , which hit a fresh six-year low against a firming U.S. dollar on Thursday. Asian stocks tumbled to three-week lows and U.S. stock futures and Treasury yields fell after the data, while copper prices in London slipped.

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Gloomy China September trade data raises fears recovery may be faltering

Asian stocks at three-week lows on weak China data; dollar strong

By Saikat Chatterjee HONG KONG (Reuters) – Asian stocks stumbled to three-week lows and U.S. stock futures and Treasury yields fell after China's September trade data showed a sharp decline in exports, raising fresh concerns about the health of the world's second-biggest economy. A weak Asia was seen pushing down European stocks lower with Britain's FTSE, Germany's DAX and France's CAC expected to open 0.3 percent to 0.4 percent lower. Some analysts said the soft data also raised concerns that China may pursue a weaker currency policy in the coming months, stoking deflationary pressures for the rest of the region at a time when corporate earnings' growth has slowed.

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Asian stocks at three-week lows on weak China data; dollar strong

Wells Fargo’s new CEO faces immediate test

Tim Sloan will not have much time to prepare his pitch for Wall Street. The newly installed chief executive of Wells Fargo & Co will present third-quarter results on Friday, less than 48 hours after replacing John Stumpf at the helm of the bank. Sloan's nearly 30 years with Wells, largely spent on the corporate and institutional side of the bank, and his moderate temperament make him a safe pair of hands.

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Wells Fargo’s new CEO faces immediate test

Sterling recoups some losses after 9 percent plunge; stocks slip

By Saikat Chatterjee HONG KONG (Reuters) – Sterling recouped some losses after plunging to a three-decade low in Asian trade on Friday amid growing fears of a “hard” exit by Britain from the European Union, while Asian stocks fell as investors took profits from a recent rally. European markets were expected to open slightly higher with tiny gains forecast for Britain's FTSE, Germany's DAX and France's CAC.

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Sterling recoups some losses after 9 percent plunge; stocks slip

Asia stocks wobble as investors nervously await Fed, BOJ

By Lisa Twaronite TOKYO (Reuters) – Asian shares edged lower on Tuesday as investors nervously awaited the outcomes of Federal Reserve and Bank of Japan policy meetings that will both conclude on Wednesday. “The market is more nervous about the BOJ than the Fed as it may give the market a surprise,” said Yutaka Miura, a senior technical analyst at Mizuho Securities. Financial spreadbetters predicted the uneasy mood would extend into European markets “Today’s European open is likely to see a slightly softer open after yesterday’s paring back of oil prices from their intraday highs,” wrote Michael Hewson, chief market analyst at CMC Markets in London, who expected Britain's FTSE 100 , Germany's DAX and France's CAC 40 to all open modestly down.

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Asia stocks wobble as investors nervously await Fed, BOJ

Alstom says wins $2 billion U.S. train deal

PARIS (Reuters) – French transport group Alstom said on Friday it had signed a 1.8 billion euro ($2 billion) deal to design and build 28 new high-speed trains for U.S. rail operator Amtrak. Under the deal, Alstom said it would also provide long-term technical support and spare parts. The trains will run on the Northeast Corridor (NEC) between Boston and Washington D.C, the statement said. (Reporting by Ingrid Melander)

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Alstom says wins $2 billion U.S. train deal