Hot U.S. real estate a potential red flag: Fed’s Rosengren

(Reuters) - The run-up in U.S. real estate prices could potentially amplify any future economic downturn, a Federal Reserve official said on Tuesday, urging regulators globally to consider tools beyond interest rates that could help cool the sector.

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LG Electronics to launch mobile payments service in South Korea in June

SEOUL (Reuters) - South Korea's LG Electronics Inc said on Wednesday it will launch a new mobile payments service in its home country in June, trying to keep up with smartphone leaders Samsung Electronics Co Ltd and Apple Inc.

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Oil prices slide on bulging U.S. crude inventories

LONDON (Reuters) - Oil prices slipped back toward three-month lows on Wednesday after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June.

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Asian stocks slide as fresh Trump jitters damage risk sentiment

HONG KONG (Reuters) - Asian stocks posted their biggest drop in two weeks on Wednesday as growing doubts about Donald Trump's economic growth agenda prompted investors to dump risky assets and rush to safe havens such as gold and government debt.

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Nike’s revenue misses estimates as rivals gain ground

(Reuters) - Nike Inc reported lower-than-expected quarterly revenue on Tuesday as the world's largest footwear maker battles for market share in North America with a resurgent Adidas AG and a fast-growing Under Armour Inc.

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Walmart Launches ‘Store No. 8’ E-Commerce Venture

Marc Lore, CEO of Walmart eCommerce U.S., on Tuesday discussed the company's plans to launch a new venture, called "Store No. 8," which will operate as a Silicon Valley incubator for new online stores. The move reflects Walmart's ambition to catch up to Amazon in the e-commerce retail space. Lore unveiled the plans at the annual Shoptalk conference in Las Vegas.

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