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Monday, May 15, 2017
Oil price jump soothes cyber nerves
LONDON (Reuters) - Oil's strongest run of gains since December cushioned the hit to stock markets on Monday from a successful missile test by North Korea and a cyber attack that locked 200,000 computers in more than 150 countries.
U.S. companies push hard for lower tax rate on offshore profits
WASHINGTON (Reuters) - Major U.S. multinationals are pushing the Trump administration to deepen the tax break it has already tentatively proposed on $2.6 trillion in corporate profits being held offshore, a key piece in Washington's intricate tax reform puzzle.
China hit by cyber virus, Europe warns of more attacks
BEIJING/LONDON (Reuters) - The WannaCry "ransomware" cyber attack hobbled Chinese traffic police and schools on Monday as it rolled into Asia for the new work week, while authorities in Europe said they were trying to prevent hackers from spreading new versions of the virus.
Oil rises above $52 as Saudis, Russia back longer supply cut
LONDON (Reuters) - Oil hit a three-week high on Monday above $52 a barrel after top exporter Saudi Arabia and Russia said supply cuts needed to last into 2018, a step toward extending an OPEC-led deal to support prices for longer than originally agreed.
China's new Silk Road promises trade and riches, with President Xi at helm
BEIJING (Reuters) - Chinese President Xi Jinping and 29 other heads of state on Monday reaffirmed their commitment to build an open economy and ensure free and inclusive trade, under the ambitious Belt and Road initiative led by Beijing.
Thermo Fisher to buy drug ingredients maker Patheon for $5.2 billion
(Reuters) - Thermo Fisher Scientific Inc , the world's No. 1 maker of scientific instruments, said on Monday it would buy Dutch drug ingredients maker Patheon NV as it looks to become a one-stop shop for contract drug development and manufacturing.
GM supplier relations improve in North America, Nissan's slip: study
DETROIT (Reuters) - Nissan Motor Co has fallen behind its top North American competitors in the health of its working relationships with suppliers while General Motors Co jumped to third place in rankings released on Monday.
Western Digital takes legal action to block sale of Toshiba's chip unit
TOKYO (Reuters) - Western Digital Corp has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate.
Lyft partners with Waymo to launch self-driving car pilots
NEW YORK (Reuters) - U.S. ride services company Lyft Inc and Alphabet Inc's self-driving car unit Waymo have launched a self-driving vehicle partnership, bringing together two rivals to dominant ride-sharing service Uber Technologies Inc.[UBER.UL]
Singapore 'vending machine' dispenses Ferraris, Lamborghinis
SINGAPORE (Reuters) - Forget about soft drinks and potato chips - a "vending machine" in Singapore is offering up luxury vehicles, including Bentleys, Ferraris and Lamborghinis.
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