Business

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Commonwealth Bank scraps CEO's bonus over money-laundering allegations

Commonwealth Bank of Australia scraps its chief executive's bonus for damaging the bank's reputation amid allegations it broke money-laundering and counter-terrorism financing rules. Samantha...
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Dow ticks up to record high

The blue chip index closed higher for a tenth straight day Monday. Apple and Facebook boosted the S&P and Nasdaq. Fred Katayama reports. Peoples are...
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Marriott woos Chinese travelers

Marriott partners with Chinese e-commerce giant to tap into the growing number of Chinese consumers traveling abroad. Fred Katayama reports. Peoples are using these keywords:...
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Kenya on edge ahead of presidential vote

Kenya is set to vote in presidential elections but two recent incidents bring back dark memories of post-election violence in 2007 which left thousands...
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Israel moves to shut down local operations of Al Jazeera

Israel plans to revoke the media credentials of Al Jazeera TV journalists, close its Jerusalem bureau and pull the Qatar-based station's broadcasts from local...
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Tesla's $1.5 bln bond offering

Tesla seeks to raise about $1.5 billion in a bond offering for production of its newest sedan, the Model 3. Fred Katayama reports. Peoples are...
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German state premier on defensive over VW ties

Dieselgate hits the German headlines again as the premier of the German state of Lower Saxony - which owns a fifth of VW's voting...
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Netflix cozies up to cable

A number of cable companies are embracing what was once their archrival, Netflix. Lisa Bernhard reports. Peoples are using these keywords: Unthinkable in the tv...
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Deutsche Bank tumbles down private bank rankings

Deutsche Bank has dropped out of the world's top 15 private banks in 2016, a year marked by negative headlines for Germany's biggest lender,...
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Higher prices beef up Tyson's results

The U.S.' largest meat processor benefitted from strong export demand and higher prices for beef and pork. Fred Katayama reports. Results easily beat analysts'...
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Britain ponders €40 bln EU divorce bill – report

Britain is prepared to pay up to 40 billion euros ($47 billion) as part of a deal to leave the European Union, according to...
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Shell makes push into British utility market

Oil major Shell's 'Energy Europe' unit will begin supplying electricity to industrial customers in Britain, according to a company statement, in a move that...
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Toshiba may gain auditor sign-off, shares jump

Toshiba shares enjoy a six per cent surge on expectations it may gain a partial endorsement from its auditor for its annual financial results...
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Chinese robots taken down after rogue outburst

China has taken down two online robots that appeared to go rogue, responding to users' questions with one saying its dream was to travel...
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Samsung boss Lee faces 12 years behind bars

South Korean prosecutors have announced they're seeking a 12-year prison sentence for Samsung chief Jay Y Lee, a figure at the heart a major...
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Wall Street rallies on jobs report

The Dow rose to its eighth straight record closing high. Fred Katayama reports. Peoples are using these keywords: Retrophin founder martin shkreli, Retrophin founder martin...
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Toyota and Mazda join forces to build U.S. plant

Toyota announcing Friday it planned to take a 5 percent share of smaller Japanese rival Mazda, as part of an alliance that will see...
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Is Neymar really worth 222 million euros?

Neymar, the world's most expensive footballer, has said money was never the motivating factor in his record 222 million-euro ($264 million) transfer from Barcelona...

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