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MUFG says bank's CEO will not attend Saudi conference

TOKYO (Reuters) – The CEO of Mitsubishi UFJ Financial Group’s banking arm will not attend the Future Investment Initiative conference in Saudi Arabia, the group said on Sunday, joining a growing list of business executives to withdraw over concern about the death of journalist Jamal Khashoggi. FILE PHOTO: Deputy President …

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China says must balance stable growth and risk prevention

BEIJING (Reuters) – China must balance the need for stable growth while managing risks and maintain a prudent and neutral monetary policy, the State Council, the country’s cabinet, said on Sunday following a meeting of top economic and financial policymakers. FILE PHOTO: Workers are seen amid steel bars at a …

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China’s growth hits slowest pace in a decade

NEW DELHI: Sputtering growth, soaring debt and an escalating trade war with the US are increasingly weighing on China’s economy. On Friday, China’s government reported that the economy grew by 6.5% over the three months that ended in September compared with a year ago. While fast by global standards, the …

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With market on edge, investors look to tech trio

SAN FRANCISCO (Reuters) – The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street’s rally. Traders work on the floor of the New York Stock …

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Frustrated GM investors ask what more CEO Barra can do

DETROIT (Reuters) – General Motors Co (GM.N) Chief Executive Mary Barra has transformed the No. 1 U.S. automaker in her almost five years in charge, but that is still not enough to satisfy investors. FILE PHOTO: General Motors Chairman and CEO Mary Barra speaks at GM’s press conference at the …

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U.S. frees Prudential Financial from more rigorous Fed oversight

WASHINGTON (Reuters) – A U.S. regulatory council announced on Wednesday it had removed the systemically risky label from Prudential Financial (PRU.N), freeing the insurance company from more rigorous oversight by the Federal Reserve. John Strangfeld, Chairman and Chief Executive Officer of Prudential Financial Inc speaks at a conference in New …

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