Analysis: The ECB’s September Press Conference

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The ECB left interest rates unchanged at record lows amid a sluggish eurozone economy and persistently weak inflation. Investors are looking for clues on whether thinking on stimulus has changed in light of turbulent financial markets and worries about China.

China's Devaluation Wins IMF Over

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Beijing’s careful management of its currency since its devaluation last month is bolstering China’s bid to get the yuan included in the IMF’s basket of reserve currencies as soon as November, according to people familiar with the matter.

Krom River Closes Commodity Hedge Fund

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Commodity hedge fund Krom River, which managed around $1 billion at its peak, is returning money to investors as it plans a shift in focus following a tough period for commodities funds.

Inside Uber's Fight With Its Chinese Nemesis

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China’s multibillion-dollar ride-hailing market has erupted into a brawl between Uber and Beijing startup Didi Kuaidi.

Vivendi Chairman Ousts Longtime Chief of Canal Plus

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French billionaire and Vivendi Chairman Vincent Bolloré has ousted the longtime chief of Canal Plus, further tightening his grip over the Vivendi-owned pay-TV group amid falling subscriber numbers.

Impala Platinum To Raise Cash to Repair Finances

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Impala Platinum Holdings Ltd. is to raise $297.4 million through a stock sale to bolster its finances, battered by tumbling metal prices and the costs of ramping up South African output which contributed to a hefty annual loss.

Soda, Health Officials Duke It Out

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The soda industry is playing a never-ending game of Whac-A-Mole with health officials and anti-obesity campaigns in cities across the country. When it beats down critics in one place, they pop up in another.

Glencore, Other Miners Rally on Commodity Prices Rebound

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Glencore shares rallied with other mining companies on a strong recovery in some commodities prices and despite Standard & Poor’s overnight downgrade of its outlook for Glencore’s credit rating.

Car-Parts Dispute Taps Brakes on Trade Deal

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A fight over how cars are assembled is pitting North America’s auto industry against Japan’s in a dispute now holding up a major trade agreement spanning the Pacific.

Sweden Leaves Interest Rate Unchanged

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Sweden’s central bank has left its main interest rate and bond-buying program unchanged, saying its existing policies were supporting the economy and would lead to inflation moving closer to its 2% target.

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