Reuters: Business News 8 April 2018

Asia stocks encouraged by bounce in S&P futures; confused on Syria

SYDNEY (Reuters) - Asian shares edged higher on Monday as a bounce in U.S. stock futures soothed sentiment even as U.S. President Donald Trump kept up his twitter war with China over trade just a couple of days before President Xi Jinping gives a keynote speech.

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As GM union faces big job losses, South Koreans turn cold shoulder

BUPYEONG, South Korea (Reuters) - When Lee Bum-yeon lost his job along with nearly 2,000 other union workers in 2001 after South Korea's Daewoo Motor went bankrupt, his neighbors at supermarkets and bakeries gave his young daughters free snacks and bread.

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Deutsche Bank picks retail specialist Christian Sewing as CEO

FRANKFURT (Reuters) - Deutsche Bank named retail specialist Christian Sewing as its new chief executive officer with immediate effect on Sunday, signaling a possible retreat from almost three decades of empowering investment bankers at Germany's largest lender.

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No NAFTA deal in principle to be announced at Lima summit: sources

MEXICO CITY (Reuters) - Talks to rework the North American Free Trade Agreement (NAFTA) are not advanced enough for the United States, Mexico and Canada to announce a deal "in principle" at this month's Summit of the Americas in Lima, according to two people familiar with matter.

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As U.S. and China trade tariff barbs, others scoop up U.S. soybeans

CHICAGO (Reuters) - Escalating tensions between the United States and China have triggered a flurry of U.S. soybean purchases by European buyers, in one of the first signs that trade tariff threats lobbed between the world's top two economies are disrupting global commodity trade flows.

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Rusal shares fall 31 percent on U.S. sanctions

HONG KONG (Reuters) - Shares of United Company Rusal Plc fell 31 percent on Monday after the Russian aluminum giant was included in a new U.S. sanctions list.

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Saudi exchange counting on foreign funds to aid Aramco IPO, chief says

RIYADH (Reuters) - Saudi Arabia's stock exchange expects an influx of foreign funds to smooth the listing of national oil firm Saudi Aramco, despite concern among some analysts about whether the market can absorb the huge offer, the exchange's chief executive said on Sunday.

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Aramco takes step to integrating petrochems into United States' biggest refinery

HOUSTON (Reuters) - Saudi Aramco took the first steps to integrating a petrochemicals business into the United States' biggest oil refinery, which is operated by its subsidiary Motiva Enterprises.

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Kinder Morgan halts most work on disputed Canada pipeline expansion

OTTAWA (Reuters) - Kinder Morgan Canada on Sunday suspended most work on a C$7.4 billion ($5.8 billion) oil pipeline expansion that has become the focus of protests, a move underscoring uncertainty over major energy projects in Canada.

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