Wall Street rallies on U.S. elections...

Wall Street rallies on U.S. elections


U.S. stocks rose two percent as investors welcomed an end to uncertainty following the U.S. midterm elections. Roselle Chen reports.

Trump could turn to China for trade deal, says FTSE Russell's Alec Young.

Now that Republicans lost the House, U.S. President Donald Trump could turn to China to secure a trade deal to spruce up economy, says Alec Young, managing director at FTSE Russell. Aleksandra Michalska reports.

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Markets surge after U.S. midterms

Investors bought back into a market that had its worst month in seven years in October. Roselle Chen reports.

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Boeing alerts pilots after Indonesia crash

Boeing said it had issued a safety bulletin reminding pilots how to handle erroneous data from a key sensor in the wake of last week's Indonesian jetliner crash. Roselle Chen reports.

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Breakingviews TV: Midterm lotto

The Democratic capture of the U.S. House suggests party funders like financier Tom Steyer and Mike Bloomberg got more for their money than GOP backer Sheldon Adelson, says Gina Chon. But after a record $5.2 bln of spending, divided government is a meager return for all.

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Russian oil sanctions' cost may bounce back West

EXCLUSIVE: Russia's national oil company wants its big Western clients, such as BP and Royal Dutch Shell, to take penalties and fees if new U.S. sanctions disrupt Russian sales. Dmitry Zhdannikov and Matthew Larotonda report.

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No subsidies? Maybe no problem for wind power

Countries around the world may be scaling back subsidies for wind power, but that doesn't seem to be slowing sales for the big players in the business of making turbines. Julian Satterthwaite reports.

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Wall Street surges after midterm vote

Stocks moved solidly higher in the U.S. and Europe as investors breathed a sigh of relief as U.S. midterm elections produced a result Wall Street could live with.

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Adidas slips in Europe as Stan Smiths, Superstars go out of fashion

Adidas cut its 2018 revenue forecast on Wednesday after third quarter sales fell in western Europe, where it was hit by changing fashions and Nike's gains in soccer. Francis Maguire reports

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Russia's oil sanctions cost may bounce back West

EXCLUSIVE: Russia's national oil company, Rosneft, wants its big Western clients such as BP and Royal Dutch Shell to take penalties and fees if new U.S. sanctions disrupt Russian sales.

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BMW Q3 hit by upfront expenditure for electric car development BMW

German carmaker BMW on Wednesday reported a 27 percent drop in third-quarter operating profit to 1.75 billion euros ($2 billion), missing analyst expectations amid currency headwinds and higher research and development expenses. Francis Maguire reports.

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U.S. Democrat election gains fuel stocks surge, hits dollar, Treasury yields

Wall Street was set for a modestly firmer open on Wednesday and global stocks rose after significant U.S. election gains for the opposition Democrats, but the outcome may rule out further tax cuts, sending the dollar and Treasury yields sharply lower. David Pollard reports.

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Bet on value not glitter, says First American Trust's Jerry Braakman

Steady Eddies, such as CVS and Procter & Gamble, hold more value than high-fliers, like tech stocks and consumer discretionary, including Amazon, says Jerry Braakman, chief investment officer at First American Trust. Aleksandra Michalska reports.

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Wall Street ends higher ahead of election results

U.S. stocks rose as investors hoped the outcome of midterms would provide some relief after prolonged uncertainty. Tara Cleary reports.

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Amazon plans to split 2nd headquarters in two cities

Amazon will divide its second headquarters evenly between two cities, in a twist to a more than year-long contest that has drawn overtures from locales across North America. Tara Cleary reports.

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Breakingviews TV: Dock the vote

Survey and market research firm Qualtrics is seeking a $4 billion valuation in an initial public offering. The business is growing much faster than rival SurveyMonkey, but as Rob Cyran explains, two classes of supervoting stock mean investors’ views will count for little.

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Chinese female pilot hopes sky's the limit for gender equality

Chinese female pilots are hoping the sky's the limit as they try and tackle gender inequality. At the end of 2017 there were only 713 female pilots licensed to fly civilian aircraft compared to 55,052 men. Michelle Hennessy reports.

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China hopes to escape bumpy landing as trade ties improve

Chinese Premier Li Keqiang meets the leaders of the World Bank, IMF and World Trade Organisation amid signs of a thaw in the U.S.-China trade relations. As David Pollard reports, trade tensions were also giving rise to nervous talk among the biggest players of global aviation at the China's industry showcase, Airshow China.

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Bill Gates lauds futuristic toilets in China

U.S. billionaire philanthropist Bill Gates has unveiled in Beijing a futuristic toilet that doesn't need water or sewers, and uses chemicals to turn human waste into fertilizer. Ed Giles reports.

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Amazon plans to split HQ2 between two cities

Amazon.com Inc is planning to split its second headquarters evenly between two cities, people familiar with the matter said Monday, in a twist to a more than year-long contest that has drawn overtures from locales across North America.

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