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Hyundai, Kia aim to grow 2017 sales to 8.25 million vehicles globally

Hyundai Motor Co (005380.KS) and affiliate Kia Motors (000270.KS) said on Monday they aim to increase their combined sales to 8.25 million vehicles globally in 2017, despite rising competition. The 2017 target is slightly higher than their 2016 goal of 8.13 million vehicles. The South Korean automakers’ final sales figures …

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Apple to cut iPhone production in first quarter of 2017: report

Apple Inc (AAPL.O) will trim production of iPhones by about 10 percent in the January-March quarter of 2017, the Nikkei financial daily reported on Thursday, citing calculations based on data from suppliers. The company had slashed output by 30 percent in January-March this year due to accumulated inventory, the paper …

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Asia stocks to end 2016 on buoyant note, euro calms after early spike

Asian stocks looked set to end 2016 on an upbeat note, while profit-taking weighed on the dollar and the euro held near a two-week high after spiking early in the day. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.5 percent on Friday, diverging from Wall Street, which …

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Asia follows Wall Street higher, upbeat U.S. data lifts dollar vs yen

Asia stocks followed Wall Street higher on Wednesday, while the dollar firmed against the yen following the release of upbeat U.S. economic data overnight. Crude oil prices held large gains on expectations of supply tightening once oil-producing nations implement a scheduled output cut. MSCI’s broadest index of Asia-Pacific shares outside …

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Stocks could suffer as Trump trade policy takes shape

The year-end stocks rally on the heels of the election of Donald Trump as U.S. president was built on expectations of reduced regulations, big tax cuts and a large fiscal stimulus. Now signs are emerging from the Trump camp that harsher trade policies that could jeopardize the honeymoon are likely …

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Platinum Partners arrests are scant consolation for alleged victims

When six executives of Platinum Partners, including founder Mark Nordlicht, were arrested on Monday on federal charges of running a more than $1 billion hedge fund fraud, people who had long alleged they were harmed by the New York-based firm felt some vindication. But the possibility that each defendant might …

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Stocks could suffer as Trump trade policy takes shape

The year-end stocks rally on the heels of the election of Donald Trump as U.S. president was built on expectations of reduced regulations, big tax cuts and a large fiscal stimulus. Now signs are emerging from the Trump camp that harsher trade policies that could jeopardize the honeymoon are likely …

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