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approval Business Friday Yomiuri report 

Toshiba willing to talk with spurned Western Digital about chip unit sale

June 23, 2017 By Makiko Yamazaki TOKYO (Reuters) – Toshiba Corp said it was open to talks with Western Digital Corp in their dispute over the sale of the Japanese conglomerate’s prized chip unit – an apparent olive branch after it chose another suitor as preferred bidder. The two have been feuding bitterly and Western Digital, which jointly runs Toshiba’s main semiconductor plant, has sought a U.S. court injunction to prevent any deal that does not have its consent. The softer tone from Toshiba comes on a day of further…

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approval Facebook government indonesia Tech Top News 

Facebook gets initial approval to set up local unit in Indonesia: source

June 19, 2017 By John Chalmers and Eveline Danubrata JAKARTA (Reuters) – Facebook Inc has received an in-principle approval to set up a domestic unit in Indonesia, said a senior government source from the Southeast Asian nation, home to the social networking giant’s fourth-largest user base. Indonesia has been pushing multinational technology firms to be locally incorporated, arguing that companies such as Alphabet Inc’s Google set up small business entities to provide “auxiliary” services and get away with minimal taxation, while booking most of their revenue from the country elsewhere….

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approval Business court Diane Bartz Dow Chemical Co 

Dow, DuPont merger wins U.S. antitrust approval with conditions

June 15, 2017 By Diane Bartz (Reuters) – DuPont and Dow Chemical Co have won U.S. antitrust approval to merge on condition that the companies sell certain crop protection products and other assets, according to a court filing on Thursday. The asset sales required by U.S. antitrust enforcers were similar to what the companies had agreed to give up in a deal they struck with European regulators in March. The deal is one of several big mergers by farm suppliers, and the antitrust approval was quickly denounced by the head…

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approval Economy Guo Shuqing Top News 

China urges banks to devolve loan approval responsibility to boost lending

June 10, 2017 SHANGHAI (Reuters) – China’s banking regulator has urged lenders to devolve responsibility for loan approvals in order to boost credit to small and micro businesses, but also emphasized that risks need to be kept under control. Guo Shuqing, who was appointed chairman of the regulator in February, said it would also explore preferential policies to alleviate poverty and spur industrial development to help smaller businesses. Guo’s comments were made at a forum on Friday, the China Banking Regulatory Commission said in a statement on its website. “Banks…

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Linde board to vote on Praxair merger on June 1: sources

May 26, 2017 MUNICH (Reuters) – German industrial gases group Linde’s supervisory board is due to vote on a merger agreement with U.S. peer Praxair on June 1, two people close to the matter told Reuters on Friday. The companies said on Wednesday that they had reached a deal in principle on a Business Combination Agreement for the proposed $70 billion merger, but some unanswered questions will be addressed at Thursday’s meeting, one of the sources said without elaborating. Linde declined to comment on the matter. The all-share merger of…

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U.S. regulators to approve VW diesel fix for 84,000 vehicles: sources

May 19, 2017 By David Shepardson WASHINGTON (Reuters) – The U.S. Environmental Protection Agency and California Air Resources Board on Friday are expected to announce approval of a fix for about 84,000 older Volkswagen diesel vehicles that can emit excess emissions, two sources briefed on the matter said. Volkswagen, the world’s largest automaker, agreed last year to offer to buy back up to 475,000 U.S. 2.0-liter diesel vehicles or offer fixes if regulators approved. Friday’s announcement is expected to cover a fix for 84,390 2012-2014 Passat diesel vehicles with automatic…

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Ex-Fed Chairman Bernanke ‘puzzled’ by market indifference to political risk

May 17, 2017 By Lawrence Delevingne and Svea Herbst-Bayliss LAS VEGAS (Reuters) – Former Federal Reserve Chairman Ben Bernanke said on Wednesday that he is “puzzled” by how little markets have reacted to major political risks, and skeptical about the Trump administration’s ability to fulfill its pledges to stoke faster growth. “It puzzles me that markets are very blasé about political risk until the last minute,” Bernanke said during a discussion on stage at SALT, a financial industry conference in Las Vegas affiliated with Skybridge Capital. Even so, Bernanke said…

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NYSE wins regulatory approval for ‘speed bump’ exchange

May 16, 2017 By John McCrank NEW YORK (Reuters) – The operator of the New York Stock Exchange was given permission by regulators on Tuesday to implement a so-called speed bump on one of its exchanges, allowing it to go head-to-head with upstart rival the Investors’ Exchange. NYSE Group, which is owned by Intercontinental Exchange Inc (ICE), plans to add a delay of a fraction of a second for incoming and outgoing orders on its NYSE MKT exchange, which it is renaming NYSE American. NYSE has said NYSE American will…

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U.S. Senate passes bill to fund government through September

May 4, 2017 By Ginger Gibson WASHINGTON (Reuters) – The U.S. Senate on Thursday gave final legislative approval to a $1.2 trillion spending bill to keep the government open through September, a measure President Donald Trump is expected to sign before Friday’s deadline. Senators from both Republican and Democratic parties voted in favor of the bill, which passed 79 to 18 with only Republicans opposing the measure, citing minimal changes to spending levels. The bill, which was passed 309-118 in the Republican-controlled U.S. House of Representatives on Wednesday, now heads…

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EU regulators to approve Fox takeover of Sky: sources

April 7, 2017 BRUSSELS/LONDON (Reuters) – Rupert Murdoch’s Twenty-First Century Fox is set to win unconditional EU antitrust approval for its 11.7-billion-pound ($14.5 billion) takeover of European pay-TV group Sky , two people familiar with the matter said on Friday. Fox already owns 39 percent of Sky. Murdoch and his family have long coveted full control of Sky, despite the damaging failure of a previous attempt in 2011 when their British newspaper business became embroiled in a phone-hacking scandal. The European Commission, which is scheduled to decide on the deal…

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