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US Fed chief: Dec interest rate hike a ‘live possibility’

  Washington—United States Federal Reserve (the Fed) Chairman Janet Yellen said that an interest rate hike in December is a “live possibility” if the economy stays on track. 

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Small business owners just say no to preserve family time

New York—Sometimes family comes first. 

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Deutsche Bank to pay $258 million to settle US sanctions violations

Albany, New York—Deutsche Bank has agreed to pay $258 million to settle legal problems stemming from US sanctions violations, New York regulators said. 

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No shutdown, no default as Congress, Obama unite

  Washington—Striving to end a cycle of crisis, congressional leaders and the White House united behind an ambitious budget and debt deal aimed at restoring a semblance of order to Capitol Hill and ending the threat of government shutdowns and defaults until well after a new president takes office. 

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‘Womenomics’ makes small dent in male-dominant Japan

Tokyo—Two years after Prime Minister Shinzo Abe made women’s advancement a top policy priority, statistics suggest Japan’s male-dominated workplaces have evolved slightly, but they also highlight the deep-seated societal forces keeping the gender gap alive. The central government exceeded its 30-percent target for the hiring of women for career-track positions, raising the rate to 34 percent this year from 24 …

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Japan startup gets bank loan as entrepreneurship growswell

Tokyo—Tucked in a shabby alley of Shibuya, Japan’s Silicon Valley, is a startup that’s done the almost impossible: win funding from the country’s notoriously conservative banks. 

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Coke profit hit by strong dollar, repositioning push

New York—Coco-Cola’s profit fell in the third quarter as the world’s biggest drink-maker booked charges related to its push to slash costs and reposition its business. The strong dollar also ate into its results. The maker of Sprite, Fanta and Dasani water said that global sales volume rose 3 percent in the period. That reflected a 6-percent increase in non-carbonated …

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China imports plunge in new sign of weakness

Beijing—China’s imports fell by an unexpectedly wide margin in September, in a new sign of weakness in the world’s second-largest economy. 

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Scandal-hit VW to change diesel emissions technology

Frankfurt, Germany—Volkswagen’s (VW) flagship brand plans to change its diesel technology in Europe and North America, as well as develop new hybrid and electric vehicles in response to its emissions scandal. 

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IMF: Up to $3 trillion in excess borrowing from Third World

Lima, Peru—The biggest risks to the global economy are now in emerging markets, where private companies have racked up considerable debt amid a fifth straight year of slowing growth, the International Monetary Fund (IMF) said. 

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