Business Trucking News+ More French cars drive into Iran election + MORE 05/16/2017


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Ford Motor plans to shrink its full-time workforce in North America and Asia as it works to boost profits and its sliding stock price, a source told Reuters. Fred Katayama reports.

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Speed diplomacy in rush for trade deals

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China may be urging major multilateral institutions to join their new Belt and Road Initiative but it’s not the only country keen to secure new trade deals, despite the U.S. trying to unravel them. As David Pollard reports, Australia and key economies in Asia are all rejecting protectionism in order to seek global economic growth…

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French cars drive into Iran election

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French carmakers PSA and Renault are turning their U.S. absence into an Iranian advantage by piling into a resurgent market still off-limits to foreign rivals fearful of sanctions under Donald Trump’s administration. Rosanna Philpott reports

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John Foley and Richard Beales discuss a Singapore government fund’s sale, at a big loss, of a stake in UBS it bought in 2007 and why global banks make an uncertain long-term investment.

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Jamie Wolfond was dismayed by the opulent New York design scene. So he started Good Thing to make affordable objects.

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Wall Street ends flat

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Tech stocks drove the Nasdaq to a record high, but mixed economic data and earnings pressured the markets. Fred Katayama reports.

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