Sectors

Engine factory

Peugeot French production increase earns presidential visit

PSA Peugeot Citroen (PEUP.PA) said on Friday it had chosen a French factory over a rival Spanish plant to expand engine production, prompting a visit by President Francois Hollande to highlight a bright spot in France's gloomy labor market.

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Toyota

In among the robots, veteran Toyota staffer says manual labor is key to success

In a corner of Toyota's oldest factory, the Japanese carmaker's longest-serving employee preaches the benefits of craftsmanship, saying manual labor is the key to success in a highly automated automotive industry.

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Gas station

California motorists hit the road again: Kemp

California's gasoline sales are rising at some of the fastest rates for a decade, as an improving economy and lower fuel prices encourage more driving, according to state tax records.

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Trafigura Invests for 24% Stake in Nagarguna Oil Corp.'s Tamil Nadu Planned Refinery

Trading house Trafigura wins huge chunk of Rosneft oil supply

Trafigura [TRAFGF.UL] is emerging as the new king of Russian oil trading, expanding its deal with sanctions-hit Rosneft to export $500 million worth of crude in April from the Baltic, the Mediterranean and Pacific ports, market sources said.

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Chinese President Xi Jinping

President Xi says China should not focus on growth rate only

Chinese President Xi Jinping said on Saturday that the country should not focus on its economic growth rate only, reiterating China's push for a more sustainable, higher-quality expansion.

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Mercedes-Benz

Mercedes to launch a pickup truck outside the United States

German carmaker Mercedes-Benz plans to launch a mid-sized pickup truck, expanding its premium brand into a lower-priced bracket in a bid to narrow the sales gap with arch rival BMW (BMWG.DE).

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Greek national flags

Neither Grexit, nor Grexident. Euro and 'drachma' in parallel?

Greece is unlikely to exit the euro, either intentionally or accidentally. But it might be forced to introduce an alternative means of payment, in parallel to the euro, to pay some domestic bills if a reform-for-cash deal with its creditors is not secured soon, several euro zone officials said.

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AIIB launch ceremony

South Korea sees gains for its infrastructure firms from joining AIIB

South Korea hopes its infrastructure companies will benefit from the country joining the China-backed Asian Infrastructure Investment Bank (AIIB), the finance ministry said on Friday.

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Jack Lew

U.S. Treasury's Lew to press China on currency: officials

U.S. Treasury Secretary Jack Lew will press Chinese officials next week to adopt a more market-determined exchange rate policy, and the Obama administration thinks further yuan appreciation would help the global economy, Treasury officials said on Friday.

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Oil refinery

Oil dives 5 percent as worries about Iran talks trump Yemen

Oil tumbled 5 percent on Friday, erasing the previous session's gains, as Yemen's conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that could put more supply on the market.

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Janet Yellen

Fed's Yellen sees gradual rate hikes starting this year

Federal Reserve Chair Janet Yellen signaled that the U.S. central bank will likely start raising borrowing costs later this year, even before inflation and wages have returned to health, but emphasized the return to normal interest rates will be gradual.

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Toyota

Toyota aims to halve cost of retooling in sweeping efficiency drive

Toyota Motor Corp (7203.T) said on Thursday it would aim to halve the investment required to retool factories for new models compared with what it was spending before the 2008 financial crisis, as part of a sweeping overhaul of the way it develops and builds cars.

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Assembly plant

Ford to triple exports from India with new $1 billion plant

Ford Motor Co (F.N) plans to triple exports from India with a $1 billion plant that will be one of its most heavily automated in Asia, offsetting slower sales inside the country with a push to sell more local production abroad.

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Refinery plant

Oil prices fall more than $1 as supply threat eases

Oil prices fell more than $1 on Friday, after sharp gains in the prior session, as worries of a disruption to supplies due to Saudi Arabia-led air strikes in Yemen eased.

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Google car

Google to pay CFO Porat more than $70 million in two years

Google Inc said it would pay its new Chief Financial Officer, Ruth Porat, more than $70 million in the next two years through a combination of restricted stock units and a biennial grant.

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