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

Oil prices stable as strong dollar weighs, tighter market looms

By Henning Gloystein SINGAPORE (Reuters) – Oil prices were stable on Friday, weighed down by a stronger dollar but supported by signs fuel markets are balancing after two years of oversupply. U.S. West Texas Intermediate (WTI) crude was trading at $50.62 a barrel at 0050 GMT, 1 cent below its last settlement. Crude prices fell over 2 percent the previous session on the back of the soaring dollar.

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Oil prices stable as strong dollar weighs, tighter market looms

AT&T discussed takeover in meetings with Time Warner: Bloomberg

(Reuters) – Senior executives of telecommunications company AT&T Inc and media conglomerate Time Warner Inc have discussed various business strategies including a possible merger in recent weeks, Bloomberg reported on Thursday, citing people it said were familiar with the matter. A deal would be one of the largest in recent years in the sector as telecom companies make a land grab for media firms in order to get hold of valuable content. Time Warner shares jumped 4.7 percent in regular trading and slightly extended gains after hours.

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AT&T discussed takeover in meetings with Time Warner: Bloomberg

Amid fried chicken craze, foreign firms ruffle Korean feathers

Global poultry producers hoping to cash in on South Korea's craze for fried chicken and beer face a market crowded with local birds that have clipped prices and profits for Korean growers. The popularity of the combination, known as “chimaek”, has boomed in recent years, fueled by its appearance in a hit South Korean television drama and an explosion of restaurant chains. Chimaek stores now dot Korea and their ubiquitous delivery services shuttle freshly fried chicken and beer to homes, offices and picnics.

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Amid fried chicken craze, foreign firms ruffle Korean feathers

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

GE Health targets profit margins, reversing weak performance

By Alwyn Scott NEW YORK (Reuters) – General Electric Co's healthcare business said on Friday its top priority is lifting profit margins that were flat in recent years after it failed to cut costs sufficiently. The unit expects operating profit margins to widen to 18 percent or more by 2018, up from 16.3 percent last year, John Flannery, chief executive of GE Healthcare, said at an investor meeting.

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GE Health targets profit margins, reversing weak performance

Bond King musical chairs: Gundlach replaces Gross on Barron’s Roundtable

By Jennifer Ablan NEW YORK – In recent years, bond investor Jeffrey Gundlach has been outperforming his rival Bill Gross. Now, Gundlach has replaced Gross on a high-profile investor panel. Weekly financial magazine Barron's said on Saturday that Gross decided to quit its Barron's Roundtable.

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Bond King musical chairs: Gundlach replaces Gross on Barron’s Roundtable