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Friday, November 21, 2014

Business Today: China surprises with interest rate cut to spur growth

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China surprises with interest rate cut to spur growth
BEIJING (Reuters) - China cut interest rates unexpectedly on Friday, stepping up efforts to support the world's second-biggest economy as it heads towards its slowest expansion in nearly a quarter of a century.
ECB's Draghi throws door to quantitative easing wide open as recovery wanes
FRANKFURT (Reuters) - European Central Bank President Mario Draghi threw the door wide open on Friday for more dramatic action to rescue the euro zone economy, saying "excessively low" inflation had to be raised quickly by whatever means necessary.
Wall Street set to open higher on China rate cut, ECB hopes
NEW YORK (Reuters) - Wall Street was poised to open higher on Friday, setting major stock indexes up for a fifth week of gains, after China's central bank cut its benchmark interest rate for the first time in more than two years to boost its cooling economy.
Alibaba prints jumbo deal without China premium
SINGAPORE (IFR) - Alibaba Group Holding sold the largest bond by an Asian company last night via a $8 billion six-tranche offering. The tight pricing achieved on the deal led many to believe the US-listed Chinese ecommerce giant got away without paying a Chinese premium.
Exclusive: With Baker Hughes, Halliburton cements leading North Dakota role
WILLISTON N.D. (Reuters) - Halliburton Co's $35 billion takeover of Baker Hughes Inc will create an oilfield services powerhouse in North Dakota with more than half the cementing market and a leading position in fracking, according to data seen by Reuters.
TV streaming service Aereo files for bankruptcy
(Reuters) - Television streaming service Aereo Inc filed for bankruptcy protection after a U.S. Supreme Court ruled in June that the company's business model violated copyright laws.
VW unveils multi-billion auto investments through next five years
FRANKFURT (Reuters) - Volkswagen AG is to invest 85.6 billion euros ($106 billion) in its automotive operations over the next five years to push foreign expansion, new models and technology to back its quest for global leadership.
SEC director with big stock holdings stirs debate
WASHINGTON (Reuters) - Keith Higgins, who runs the office that reviews public companies' books at the U.S. Securities and Exchange Commission, reported stock holdings worth between about $2 million and $6 million last year and the sale of stocks throughout 2014, according to SEC disclosures viewed by Reuters.
Weary of the market rollercoaster, investors turn again to steady stocks
LONDON (Reuters) - The big story of recent stock market investment has been volatility, and the opportunities that sharp price swings can bring for those with strong nerves.
Rolls-Royce wins $5 billion order from Delta
LONDON (Reuters) - Britain's Rolls-Royce said it won a $5 billion contract to supply aero engines to power 50 new Airbus planes ordered by Delta Air Lines .
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China surprises with interest rate cut to spur growth
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