The Global Iron Ore Crisis: What's Next in Four Charts

Since the initial incident in Brazil in late January, the top producer has announced supply cuts of as much as 70 million tons, although it’s said it will try to offset some lost production. The mainland has a very substantial ore-mining industry, but production has been hurt in recent years as the content is lower-grade and higher-cost than foreign supplies, and Chinese producers have been the target of a strict environmental clampdown.

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The Global Iron Ore Crisis: What's Next in Four Charts

China seen posting steady fourth quarter GDP growth of 6.7 percent

By Kevin Yao BEIJING (Reuters) – Boosted by higher government spending and record bank lending, China is expected to report on Friday that its economy grew by a steady 6.7 percent in the fourth quarter, giving it a solid tailwind heading into what is expected to be a turbulent 2017. China's sluggish exports also could come under freshpressure this year if U.S. President-elect Donald Trump follows through on pledges to impose tough protectionist measures. China’s total government and private sectordebt will likely surpass 285 percent of GDP this year, a 90percent increase since 2008.” While China's economy appears to be on much better footing than a year ago, the expected fourth-quarter growth rate would still be near the weakest since the global crisis.

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China seen posting steady fourth quarter GDP growth of 6.7 percent

Investors curb their enthusiasm ahead of Trump era

A month ago, the dollar and stock markets were riding high as investors bet that the Trump administration, together with the Republican-controlled Congress, would usher in an era of lower taxes, more government spending and looser regulations. Longer-dated Treasury yields, which move inversely to the price of bonds, jumped to their highest levels in more than two years on fears about a spike in federal borrowing and inflation stemming from Trump's policies. The dollar hit a 14-year high against other major currencies on bets that Trump would adopt expansionary fiscal policies that would lead to higher interest rates, and gold, a traditional safe haven, fell to its lowest level in a decade.

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Investors curb their enthusiasm ahead of Trump era

Samsung America says it has replaced most recalled Galaxy Note 7s

(Reuters) – Samsung Electronics America said on Friday it has replaced nearly 85 percent of all recalled Galaxy Note 7 devices as it works to resolve the issue of fire-prone phones. South Korean parent company Samsung Electronics Co Ltd announced the global recall of at least 2.5 million Note 7s in early September following numerous reports of the smartphones catching fire. Samsung will be releasing a software update in the coming days to limit the phone's ability to charge beyond 60 percent, Samsung Electronics America said in a statement. (http://bit. …

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Samsung America says it has replaced most recalled Galaxy Note 7s

Iran supports any move to stabilize oil market: Rouhani

Iran's President Hassan Rouhani said Tehran supports any move to stabilize the global oil market and lift prices, the Iranian oil ministry news agency SHANA quoted him as saying on Sunday. “Instability and falling oil prices are harmful to all countries, especially oil producers,” Rouhani was quoted as saying by SHANA. “Tehran welcomes any move aimed at market stability and improvement of oil prices based on justice, fairness and fair quota of all the oil producers,” the president said, referring to a meeting between OPEC and non-OPEC producers in Algeria next week, SHANA said.

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Iran supports any move to stabilize oil market: Rouhani

Exclusive: SWIFT discloses more cyber thefts, pressures banks on security

SWIFT, the global financial messaging system, on Tuesday disclosed new hacking attacks on its member banks as it pressured them to comply with security procedures instituted after February's high-profile $81 million heist at Bangladesh Bank. In a private letter to clients, SWIFT said that new cyber-theft attempts – some of them successful – have surfaced since June, when it last updated customers on a string of attacks discovered after the attack on the Bangladesh central bank. “The threat is persistent, adaptive and sophisticated – and it is here to stay.” The disclosure suggests that cyber thieves may have ramped up their efforts following the Bangladesh Bank heist, and that they specifically targeted banks with lax security procedures for SWIFT-enabled transfers.

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Exclusive: SWIFT discloses more cyber thefts, pressures banks on security

New lawsuit alleges paid informants, pricey escort at Redstone mansion

Even as a Los Angeles judge dismissed one case brought by a former girlfriend of media mogul Sumner Redstone, she filed a new lawsuit that threatens to keep salacious allegations about the 92-year-old's lifestyle alive. The new complaint, filed by Manuela Herzer, 52, in Los Angeles Superior Court on Monday, alleges that Redstone's daughter Shari interfered with the inheritance Herzer was due to receive in his will and invaded her privacy. The lawsuit asserts that Shari Redstone, during a period when she was estranged from her father, assembled a network of “nurse-informers” within his Beverly Hills mansion to report on his activities and turn the elder Redstone against Herzer.

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New lawsuit alleges paid informants, pricey escort at Redstone mansion

Japan government calls for additional 7 million Takata-related recalls: Nikkei

(Reuters) – The Japanese government on Monday notified automakers to recall an additional 7 million vehicles with faulty Takata air bags that have been sold in Japan, the Nikkei reported on Monday, citing sources. If all companies comply with the notice, faulty air bag-related recalls in Japan are expected to reach nearly 20 million vehicles, with the global total touching 120 million vehicles, Nikkei said. (http://s.nikkei. …

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Japan government calls for additional 7 million Takata-related recalls: Nikkei

Wells Fargo’s systemic importance rose, says U.S. report

Wells Fargo & Co is the only large U.S. bank to become “significantly” more important to the global financial system in recent years, according to a report on Wednesday by a U.S. government research group. The Office of Financial Research, a financial stability watchdog housed within the U.S. Treasury Department, studied the systemic importance of the world's largest banks using 2014 data from the Basel Committee on Banking Supervision. Regulators define systemically important banks as those whose failure could pose a threat to the global financial system.

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Wells Fargo’s systemic importance rose, says U.S. report

Ford plans to move Michigan offices into two new modern facilities

By Joseph White DETROIT (Reuters) – Ford Motor Co said on Tuesday it will modernize and consolidate its sprawling Dearborn, Michigan, engineering and headquarters facilities over the next decade into two Silicon Valley-style locations. The auto company plans to move about 30,000 employees now housed in 70 buildings, some of which were built in the 1950s. One location will be focused on engineering, research, technology and vehicle development and the other centered around its headquarters building in Dearborn.

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Ford plans to move Michigan offices into two new modern facilities