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Asia stocks skittish as investors seek safe havens before Trump-Xi meeting

Asian shares inched lower on Tuesday as caution reigned ahead of a potentially tense meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping later this week. The dollar lost ground after investors sold stocks overnight and looked to safe havens as political uncertainty overshadowed positive U.S. economic …

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Tesla delivers quarterly record of 25,000 vehicles in first quarter

Tesla Inc (TSLA.O), the U.S. luxury electric car maker, said on Sunday first-quarter vehicle deliveries jumped 69 percent from a year ago to a quarterly record of 25,000 vehicles, bouncing back from delays in the previous quarter. The company said of the total vehicles delivered, about 13,450 were Model S …

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Major internet providers say will not sell customer browsing histories

Comcast Corp, Verizon Communications Inc and AT&T Inc said Friday they would not sell customers’ individual internet browsing information, days after the U.S. Congress approved legislation reversing Obama administration era internet privacy rules. The bill would repeal regulations adopted in October by the Federal Communications Commission under former President Barack …

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Asia stocks mixed after strong Wall Street, dollar gains on U.S. data

Asian shares were mixed and the dollar extended its overnight gains on Friday on signs of strong U.S. economic growth, while the euro inched up after sliding overnight on data suggesting slowing growth in Europe. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS retreated 0.15 percent, as investors balanced …

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Samsung launches Galaxy S8 and dreams of recovery from Note 7

Samsung Electronics Co Ltd (005930.KS) unveiled its Galaxy S8 flagship smartphone as it battles to regain the market leadership it lost to Apple Inc (AAPL.O) after the embarrassing withdrawal of the fire-prone Note 7s. Boasting some of the largest wrap-around screens ever made, the long-awaited S8 is the South Korean …

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BlackRock cuts fees and jobs; stockpicking goes high-tech

BlackRock Inc on Tuesday said it would overhaul its actively managed equities business, cutting jobs, dropping fees and relying more on computers to pick stocks in a move that highlights how difficult it has become for humans to beat the market. The world’s biggest money manager has faced active stock …

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Stocks, dollar recover as markets try to move past Trump’s policy stumble

Asian stocks advanced on Tuesday after Wall Street steadied and the dollar bounced from a four-month-low, as anxiety over Donald Trump’s setback on healthcare reform gave way to tentative hopes for the U.S. President’s planned stimulus policies. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.6 percent. Japan’s …

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U.S. equity futures at six-week low after Trump healthcare setback

U.S. equity index futures fell to a six-week low on Sunday in a sign Wall Street would start the week defensively after Republicans pulled legislation to overhaul the U.S. healthcare system in a stunning setback for President Donald Trump. S&P 500 e-mini futures ESv1 were down over 0.65 percent, shortly …

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Chinese court rules in favor of Apple in local design patent disputes

A Chinese court has ruled in favor of Apple in design patent disputes between the Cupertino, California company and a domestic phone-maker, overturning a ban on selling iPhone 6 and iPhone 6 Plus phones in China, Xinhua news agency reported. Last May, a Beijing patent regulator ordered Apple’s Chinese subsidiary …

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