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GE dismisses talk that it may owe billions of dollars in taxes

  • Posted on November 5, 2018
  • by Reuters: Business News

General Electric Co on Monday downplayed concerns that its U.S. tax liabilities could increase by billions of dollars and that a decision by British tax authorities could saddle the company with an additional $1 billion tax bill.

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  • businessNews

Vying for Vuitton: China’s e-commerce rivals seek luxury stranglehold

  • Posted on November 5, 2018
  • by Reuters: Business News

China’s online giants Alibaba and JD.com are taking their battle for relevance in the lucrative luxury goods market to a new level, as they aim to crack e-commerce tie-ups with top brands that usually shun selling through third parties.

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  • businessNews

U.S. renews Iran sanctions, grants oil waivers to China, seven others

  • Posted on November 5, 2018
  • by Reuters: Business News

The United States snapped sanctions back in place on Monday to choke Iran’s oil and shipping industries, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic.

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  • businessNews

U.S. reimposes Iran sanctions, Tehran decries ‘bullying’

  • Posted on November 5, 2018
  • by Reuters: Business News

The United States on Monday restored sanctions targeting Iran’s oil, banking and transportation sectors and threatened more action to stop its “outlaw” policies, steps the Islamic Republic called economic warfare and vowed to defy.

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  • businessNews

U.S. renews Iran sanctions, grants oil waivers to China, seven others

  • Posted on November 5, 2018
  • by Reuters: Business News

The United States snapped sanctions back in place on Monday to choke Iran’s oil and shipping industries, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic.

Read More
  • businessNews

Eni to look at sanctions measures to see if it can use Iranian crudes

  • Posted on November 5, 2018
  • by Reuters: Business News

Italian oil major Eni will look at the Iran sanctions measures to see if it can use Iranian crudes to allow it greater flexibility in procuring supplies, a spokesman said on Monday.

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  • businessNews

Luxottica founder to propose Milleri as EssilorLuxottica CEO

  • Posted on November 5, 2018
  • by Reuters: Business News

Leonardo Del Vecchio plans to propose Luxottica Chief Executive Francesco Milleri as CEO of the new merged group EssilorLuxottica , a spokesman for the Luxottica founder said on Monday.

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  • businessNews

Third Point says buybacks allowed Campbell heirs to build power

  • Posted on November 5, 2018
  • by Reuters: Business News

Daniel Loeb’s Third Point LLC criticized Campbell Soup Co’s board on Monday for allowing the grandchildren of the company’s former chairman to quietly build voting power through the soup maker’s share buybacks in recent decades.

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  • businessNews

Citigroup names new chairman, keeps post separate from CEO

  • Posted on November 5, 2018
  • by Reuters: Business News

The board of Citigroup Inc on Monday named one its independent members to be its new chairman, keeping the post separate from Chief Executive Mike Corbat.

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  • businessNews

Trump says he wants to go slower on sanctions for Iran’s oil

  • Posted on November 5, 2018
  • by Reuters: Business News

U.S. President Donald Trump on Monday said he wants to impose sanctions on Iran’s oil gradually, citing concerns about shocking energy markets and causing global price spikes.

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