Indonesia to deport Australian graduate student traveling to Papua

JAKARTA (Reuters) – Indonesian authorities have denied entry and will deport an Australian graduate student who was traveling via Bali to Indonesia’s easternmost province of Papua on vacation. Belinda Lopez, a PhD candidate for Indonesian studies at Macquarie University in Australia, wrote on social media that she had been detained at Bali’s Denpasar airport since midnight on Saturday and was […]

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Skills shortage makes it harder for VW to meet new rules of the road

WOLFSBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) warned that a shortage of engineers is hampering efforts to get its cars to meet new anti-pollution rules, clouding its sales outlook and overshadowing a forecast-beating 23 percent rise in underlying operating profit. FILE PHOTO: A VW sign is seen outside a Volkswagen dealership in London, Britain November 5, 2015. REUTERS/Suzanne Plunkett/File PhotoVW has […]

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Canadian dollar climbs to seven-week high as domestic economy…

TORONTO (Reuters) – The Canadian dollar rose to a nearly seven-week high against its U.S. counterpart on Tuesday as investors weighed a possible easing of global trade tensions and after data showed stronger-than-expected growth in the domestic economy. FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture taken in Toronto January 23, […]

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India chooses between a falling rupee and a banking cash crunch

MUMBAI (Reuters) – India’s central bank faces a tough choice in how it uses its monetary muscle. Does it protect a fragile rupee or does it ensure there’s enough cash in the banking system so lending in the economy doesn’t dry up? The Reserve Bank of India needs to pick one battle at the expense of the other, while also […]

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GM Taps Former Trump Aide to Head Lobbying Efforts

General Motors Co said on Wednesday it has tapped a former Trump administration economic and trade adviser to head its public policy efforts. The largest U.S. automaker said it hired Everett Eissenstat, who was until recently a senior White House aide on economic and trade issues, as its new senior vice president for global public policy. The 55-year-old Oklahoma native […]

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European Economics Preview: Eurozone Retail Sales, Final PMI Data Due

Retail sales and final services Purchasing Managers’ survey from euro area are due on Friday, headlining a busy data for the European economic news. At 3.00 am ET, retail sales from Hungary and consumer prices from Turkey are due. Turkey’s inflation is forecast to rise further to 16.3 percent in July from 15.4 percent in June. At 3.15 am ET, […]

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Wall Street eyes more gains from Apple, its $1 trillion stock

(Reuters) – Shares in Apple Inc (AAPL.O) edged higher on Friday but stayed close to the $1 trillion valuation milestone the iPhone maker reached a day earlier, even as Wall Street predicted more gains. An electronic screen displays the Apple Inc. stock price at the Nasdaq Market Site in New York City, New York, U.S., August 2, 2018. REUTERS/Mike SegarAfter […]

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China should limit credit impact of deleveraging: central bank adviser

BEIJING (Reuters) – China should limit the credit impact of the country’s financial deleveraging drive, a central bank adviser said on Wednesday, as policymakers seek to boost support for the slowing economy amid a deepening trade war with the United States. Chinese regulators should not kill all shadow banking activities, but they should channel such off-balance sheet loans into the […]

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Merkel's conservatives hit 12-year low in German poll

The CSU faces a tough regional election in October with polls showing it could lose its absolute majority in Bavaria. About a month ago, Merkel’s coalition came close to collapse due to fundamental differences on migrant policy with her Bavarian partners. Support for German Chancellor Angela Merkel’s conservative bloc, trying to move beyond a bitter dispute over migrant policy that […]

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Kraft Heinz takes preliminary look at Campbell Soup

The maker of Heinz ketchup and Philadelphia cream cheese is taking a look at Campbell Soup, The Post has learned. The Kraft Heinz Co. recently opened exploratory talks with the soup maker and has pored over some of its financials, sources familiar with the matter said. Kraft Heinz has not made an offer for Campbell, said two sources close to […]

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