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Business News

Stocks rally, bond yields dive as Fed fuels easing hopes
Asian stock markets rallied on Thursday while the dollar dropped and global bond yields plunged, with the 10-year U.S. yield falling below two percent, after the Federal Reserve signaled possible interest rate cuts later this year.
Renault, Nissan join Waymo in exploring driverless services in France, Japan
French automaker Renault SA, its Japanese partner Nissan Motor Co and tech giant Alphabet Inc's Waymo are exploring a partnership to develop and use self-driving vehicles to transport people and goods in France and Japan, the companies said on Thursday.
Deutsche Bank faces investigation for potential money-laundering lapses: NYT
U.S. federal authorities are investigating whether Deutsche Bank AG complied with laws meant to stop money laundering and other crimes, the New York Times reported on Wednesday, citing seven people it said were familiar with the inquiry.
Less is more? Inditex cuts stores but boosts space in home market Spain
The list of retail casualties shutting up shop seems to grow by the month but Inditex, the world's largest clothing retailer, is still betting on its network of physical stores to drive growth.
Trump-Xi meeting unlikely to resolve trade differences, could lead to more talks: media
Upcoming trade talks between the leaders of China and the United States are unlikely to immediately resolve major disagreements between the two sides but could start a new phase in negotiations, Chinese state media said on Thursday.
Data 'R' Us: Alibaba, JD.com seek to lock in merchant loyalty with new services
In China, the sales maxim of 'know your customer' is being taken to new lengths.
China's premier tells foreign CEOs China will commit to reform, opening up
China will maintain its long-standing commitment to reform and opening up, Premier Li Keqiang told a group of visiting foreign chief executives on Thursday, adding that restrictions on access will be relaxed in more areas of the economy.
Delta Air not expecting flight cancellations as result of tech issue
Delta Air Lines Inc said it was not expecting flight cancellations as a result of a technical glitch that had affected booking, check-in and boarding services.
Fed sees case building for interest rate cuts this year
The U.S. Federal Reserve on Wednesday signaled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks as it took stock of rising trade tensions and growing concerns about weak inflation.

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