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Samsung considering another Texas location for $17 bln chip factory

Samsung Electronics has applied for tax breaks to potentially build its planned $17 billion U.S. chip factory in a location in Texas other than Austin, where it has an existing

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Japan beefs up diplomatic efforts on regulating digital currency

Japan is beefing up its diplomatic efforts to regulate digital currencies globally, three officials told Reuters, a sign of the government’s growing alarm that a proliferation of new forms of

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Puma raises 2021 outlook, prompted by strong Q2

German sportswear company Puma raised its 2021 sales outlook on Friday, boosted by strong second quarter demand, especially in North America. Puma said it now expects 2021 currency-adjusted sales to

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GM’s China venture to recall 1.44 mln cars over engine issue

SAIC-GM-Wuling, General Motors Co’s China joint venture with SAIC Motor and a smaller company, will recall 1.44 million cars under Wuling and Baojun brands in China due to an engine

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What if transitory is not so transitory after all?

The U.S. Federal Reserve is sticking with the mantra that inflation is transitory and there’s no rush to tighten policy but some others are feeling uneasy. On Thursday, Michael Saunders

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Drugmaker GSK plans $550 mln expansion of England R&D facility

Britain’s GlaxoSmithKline on Friday laid out plans to set up a new life sciences campus within its R&D site in Stevenage, England, raising up to 400 million pounds ($552.76 million)

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FedEx to invest $100 mln in Indian logistics firm Delhivery

FedEx Corp will make a $100-million equity investment in Indian e-commerce logistics startup Delhivery as part of a long-term commercial agreement, the U.S. delivery firm said on Friday. SoftBank-backed Delhivery

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