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Tesla to clarify how customers may disclose problems

Tesla Motors Inc on Friday revised a nondisclosure clause in its customer repair agreements after a U.S. regulator took issue with the practice, while the electric carmaker’s chief executive separately called most customer reports of suspension problems in its Model S sedan fraudulent. Tesla CEO Elon Musk went on the …

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Stocks down, bonds rally as ‘Brexit’ vote looms

Asian shares pulled back on Friday as investors sought refuge in safe-haven assets amid festering concerns over the June 23 referendum that could see Britain exit the European Union. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.6 percent, but remains poised for a weekly gain of 1.7 percent. …

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Japan stocks lead Asia lower, kiwi flies as central bank stands pat

Asian stocks turned lower on Thursday, led by sliding Japanese equities, while a weaker dollar buoyed commodities such as gold and crude oil. Spreadbetters expected a lower open for Britain’s FTSE, Germany’s DAX and France’s CAC with a stronger euro seen weighing on European shares. The New Zealand dollar soared …

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Asian shares flat as China trade data weighs

Asian shares were flat on Wednesday, as weak Chinese export data offset a brightening energy sector outlook and an expected delay in interest rate hikes by the U.S. Federal Reserve. The MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.1 percent, amid subdued risk appetite as markets braced …

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U.S. presses China to reduce barriers for foreign business

Senior U.S. officials pressed China again on Tuesday to reduce barriers for foreign businesses, saying concerns have grown due to a more complex regulatory environment. Foreign business confidence has been impacted by regulatory and protectionist worries, following a series of government investigations targeting foreign companies and the roll-out of a …

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Asian shares rise, dollar nurses losses after jobs shock

Asian shares rose on Monday and the dollar dragged itself off its lowest levels in nearly a month after U.S. nonfarm payrolls showed the slowest job growth in more than five years, quashing expectations for a near-term U.S. interest rate hike. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS …

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Fed’s Mester says gradual rate hikes still appropriate after jobs report

The latest disappointing U.S. jobs number has not changed the overall economic picture and gradual rate hikes remain appropriate, Cleveland Federal Reserve President Loretta Mester said on Saturday. The Fed raised rates in December for the first time in nearly a decade. But further tightening has proven hard to achieve, …

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U.S. lawmakers probe Fed cyber breaches, cite ‘serious concerns’

A U.S. congressional committee has launched an investigation into the Federal Reserve’s cyber security practices after a Reuters report revealed more than 50 cyber breaches at the U.S. central bank between 2011 and 2015. The House Committee on Science, Space and Technology on Friday sent a letter to Federal Reserve …

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Facebook board seeks curb in Zuckerberg control in event of founder’s departure

Facebook Inc’s board has proposed removing Mark Zuckerberg’s majority voting control in the event of the social media giant’s chief executive and founder deciding to exit management at some point in future. In a proxy filing on Thursday with the U.S. Securities and Exchange Commission, Facebook’s board said it will …

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