Coca-Cola quarterly revenue drops 5.1 percent

(Reuters) – Coca-Cola Co reported a 5.1 percent drop in quarterly revenue, citing “difficult external conditions” in many of its emerging and developing markets, including China and Argentina.

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Coca-Cola quarterly revenue drops 5.1 percent

Nintendo posts first-quarter loss, delays launch of accessory for Pokemon GO

TOKYO (Reuters) – Japan’s Nintendo Co Ltd booked a quarterly operating loss on a sharply stronger yen and delayed the launch of an accessory for Pokemon GO, but hopes for long-term growth are running high on the mobile game’s success.

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Nintendo posts first-quarter loss, delays launch of accessory for Pokemon GO

China Southern unit, Xiamen Airlines, to buy Boeing jets for $1.4 billion

HONG KONG (Reuters) – China Southern Airlines said on Wednesday its subsidiary, Xiamen Airlines, had signed an agreement to buy six airplanes from Boeing Co worth $1.4 billion at list prices.

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China Southern unit, Xiamen Airlines, to buy Boeing jets for $1.4 billion

Deutsche Bank CEO warns of deeper cuts after quarterly revenue drop

FRANKFURT (Reuters) – Deutsche Bank warned that deeper cuts may be needed to turn itself around, after revenue fell sharply in the second quarter as the low interest rate environment and volatile markets weighed on the business.

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Deutsche Bank CEO warns of deeper cuts after quarterly revenue drop

European stocks rise, Asia lifted by Japan stimulus

LONDON (Reuters) – Stocks rose in Europe and Asia on Wednesday while the yen sank against the dollar, after Prime Minister Shinzo Abe said his government would present a $265 billion stimulus package to reflate the Japanese economy.

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European stocks rise, Asia lifted by Japan stimulus

AccorHotels buys concierge group John Paul in Airbnb response strategy

PARIS (Reuters) – AccorHotels said on Wednesday it had entered exclusive talks to buy concierge service provider John Paul, further beefing up its response to the challenges of Airbnb.

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AccorHotels buys concierge group John Paul in Airbnb response strategy

Deutsche Bank CEO warns of deeper cuts after second-quarter revenue drop

FRANKFURT (Reuters) – Deutsche Bank warned that deeper cuts may be needed to turn around the lender after revenues fell sharply in the second quarter as the low interest rate environment and volatile markets weighed on the business.

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Deutsche Bank CEO warns of deeper cuts after second-quarter revenue drop

Nintendo in wider-than-expected first-quarter loss, but hopes high for Pokemon GO

TOKYO (Reuters) – Japan’s Nintendo Co Ltd booked an operating loss in first-quarter, hurt by unfavorable currency rates although hopes for long-term growth are running high on the worldwide success of Pokemon GO.

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Nintendo in wider-than-expected first-quarter loss, but hopes high for Pokemon GO

GlaxoSmithKline invests $360 million in UK despite Brexit vote

LONDON (Reuters) – GlaxoSmithKline plans 275 million pounds ($361 million) of new investments at three drug manufacturing sites in Britain, signaling its confidence in the country despite last month’s vote to leave the European Union.

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GlaxoSmithKline invests $360 million in UK despite Brexit vote

Asia stocks settle near one-year highs on Japan stimulus

HONG KONG (Reuters) – Asian stocks settled near one-year highs on Wednesday while the safe-haven yen slumped after Japan’s government announced a larger-than-expected economic stimulus package, which led most of the region’s bourses higher.

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Asia stocks settle near one-year highs on Japan stimulus

Malaysia Airlines orders Boeing 737 MAX jets in $5.5 billion deal

KUALA LUMPUR (Reuters) – Malaysia Airlines said on Wednesday it had ordered 50 Boeing 737 MAX jets, with firm orders for 25 and rights to purchase 25 more.

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Malaysia Airlines orders Boeing 737 MAX jets in $5.5 billion deal

Apple CEO touts future technology amid iPhone worries

SAN FRANCISCO (Reuters) – As iPhone sales declined for the second straight quarter, Apple CEO Tim Cook peeled back the curtain ever so slightly on its work in artificial intelligence and augmented reality, aiming to reassure investors that the company is ready to ride the next wave of technology.

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Apple CEO touts future technology amid iPhone worries

Australia’s major banks team up to challenge Apple on mobile payments apps

SYDNEY (Reuters) – Australia’s three biggest banks, including no. 1 lender National Australia Bank (NAB) , on Wednesday said they had lodged a joint application with anti-trust regulators seeking approval to collectively negotiate with Apple Inc to install their own electronic payments applications on iPhones.

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Australia’s major banks team up to challenge Apple on mobile payments apps

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