PostNL starts delivering frozen meals and groceries

After DPD Germany entered the food delivery service in Germany, Dutch postal company PostNL is following suit in the Netherlands. Starting next month, the company will deliver frozen meals and groceries every day of the week. Last week, DPD Germany announced its food delivery service DPD Food and now, the Continue reading

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Exclusive: China state firm in preliminary deal to buy Chevron’s Bangladesh gas fields – oil executives

BEIJING/DHAKA (Reuters) - China's state-run Zhenhua Oil has signed a preliminary deal with Chevron to buy the U.S. oil major's natural gas fields in Bangladesh that are worth about $2 billion, two Beijing-based Chinese oil executives said.

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How one Chinese region shows risks of relying on heavy borrowing

SHENYANG, China (Reuters) - A flurry of construction in the Chinese city of Shenyang belies a regional economy in crisis, a striking example of the increasingly diminishing returns from a policy of investing heavily in infrastructure to prop up economi...

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Switzerland’s ABB hit by $100 million South Korean fraud

ZURICH (Reuters) - Swiss engineering group ABB revealed the discovery of what it called a "sophisticated criminal scheme" in its South Korean subsidiary on Wednesday, which it expects will result in a $100 million pre-tax charge.

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UK economy picks up in late 2016 but signs of Brexit hit appear

LONDON (Reuters) - Britain's economy sped up at the end of 2016, data showed, but over the whole year it was weaker than previously thought and there were signs that the Brexit vote will increasingly act as a brake on growth in 2017.

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OPEC cuts, weak freight rates help traders profit on Asia crude routes

SINGAPORE (Reuters) - Oil traders from around the world, including the United States, Britain and Brazil, have tripled their sales to Asia as they take advantage of an emerging supply gap following OPEC-led production cuts announced late last year.

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