Saudis soften oil stance on Iran but OPEC deal still elusive

ALGIERS (Reuters) - OPEC might still agree an oil output-limiting deal later this year after failing to do so in Algeria this week as the economic problems of its de-facto leader Saudi Arabia force Riyadh to cede more ground to arch-rival Iran.

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Bank of America senior South Korea, Australia bankers to leave: IFR

HONG KONG (Reuters) - Bank of America's head of South Korea investment banking Peter Kim is leaving the bank, IFR reported, citing people with knowledge of the matter, as part of the U.S. bank's move to cut some investment banking jobs in Asia.

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Takata in talks with DoJ to resolve criminal allegations: WSJ

(Reuters) - Japan's Takata Corp is in talks with the U.S. Department of Justice to resolve allegations of criminal wrongdoing related to its faulty air bags, the Wall Street Journal reported on Wednesday.

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Exclusive: U.S. seeks accused Manila banker’s help to crack Bangladesh heist

MANILA (Reuters) - The FBI is negotiating with a former branch manager of a Philippines bank for information relating to $81 million that she handled after it was stolen from the Bangladesh central bank's account at the New York Federal Reserve, her la...

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Spring launches RFID tracking on international deliveries

Spring, a Dutch company that provides delivery solutions, has announced it now offers ecommerce businesses RFID tracking on goods that are sent internationally. This new solution, called Tag & Trace, gives online retailers who send low value goods around the world the possibility to track at minimal cost. Spring uses Continue reading

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German government prepare Deutsche Bank rescue plan: Die Zeit

FRANKFURT (Reuters) - The German government and financial authorities are preparing a rescue plan for Deutsche Bank in case the lender would be unable to raise capital itself to pay for costly litigation, German weekly Die Zeit reported.

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China worries subside

OPINION polls have taken a bit of a reputational battering in recent years. In Britain, they underestimated the strength of the No campaign in the Scottish referendum and failed to predict a Conservative majority in the 2015 election; while in America,...

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