Volvo halts Iran truck assembly due to US sanctions

Volvo said the trucks group could no longer get paid for any parts it shipped and had therefore decided not to operate in Iran. Reimposed U.S. sanctions against Iran have forced companies in Germany and across Europe to reconsider their investments in the country. Before the sanctions were reimposed, Volvo had expressed an ambition for Iran to become its main […]

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How to use life insurance to pay for college

Now that the fall semester at college has begun, many parents have the high cost of higher education tuition on their minds. Rising college bills, plus the cost of dorms, travel and books really adds up. If you have a child in high school or college, you may want to know about an unconventional and often underused way to help […]

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Common Diversification Mistakes and How to Fix Them

Diversifying is one of the most basic rules when investing. It’s the “don’t put all of your eggs in one basket” strategy. The basic thought process behind diversifying your investments is if you spread your investments around, you’ll reduce the risk of losing money because when one of your holdings moves lower, another is likely moving higher. For example, bonds usually […]

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Tiger Woods Win Makes Massive Benefit to Sponsor

Tiger Woods won the last tournament of the golf season, the Tour Championship. He also nearly won the FedEx Cup prize of $10 million, which is based on the results of the entire season. Both made it certain that, as he won the 80th PGA tournament of the year, his sponsors received a mammoth benefit. More sponsors are likely to […]

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Volvo halts Iran truck assembly due to U.S. sanctions

STOCKHOLM (Reuters) – Swedish truckmaker AB Volvo (VOLVb.ST) has stopped assembling trucks in Iran because U.S. sanctions are preventing it from being paid, a spokesman for the company said on Monday. The sanctions against Iran, reimposed on Aug. 6 by U.S. President Donald Trump after his decision to pull out of a nuclear deal with Tehran, have forced companies in […]

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Germany on track for solid growth as business morale holds steady

BERLIN (Reuters) – Business morale held steady in Germany in September, propped up by consumer spending and construction, a survey showed, to leave the country on track for further growth even if a uncertain global economic outlook worsens. The Munich-based Ifo economic institute’s business climate index edged down to 103.7 on Monday from an upwardly revised 103.9 in August. That […]

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Canada's Barrick Gold to buy Randgold Resources in $18.3 billion deal

LONDON (Reuters) – Canada’s Barrick Gold (ABX.TO) has agreed to buy Randgold Resources Ltd (RRS.L) in a $18.3 billion share deal to create the world’s largest gold company by value and output in an industry under investor pressure to put capital to good use. The new Barrick company, which will be listed in New York and Toronto, will own five […]

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Maldives opposition wins election in potential blow to China

MALE (Reuters) – Maldives opposition leader Ibrahim Mohamed Solih won the Indian Ocean archipelago nation’s presidential election on Monday, delivering a possible blow for China which has invested millions of dollars in projects under the outgoing administration. Incumbent Abdulla Yameen, who had cultivated ties with both Beijing and Saudi Arabia, conceded defeat after the Election Commission said Solih had won […]

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