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Moody's slashes Hong Kong rating following China cut
Hong Kong on Thursday hit back at a decision by Moody's to cut its credit rating on the city, which the agency said was becoming increasingly close to mainland China.
 
New Zealand on Thursday unveiled a tax-cutting election-year budget that the ruling National Party said will help families as it looks to win a record fourth consecutive term in power.
 
Iran has signed a deal worth $615 million -- or euros 550 million -- with a Spanish-Iranian consortium under which the group will provide pipes used in Iran's oil industry. It's the first major deal since President Hassan Rouhani's re-election last week to another term in office on a platform of reform.
 
China's Geely takes stake in Proton, Lotus
Chinese auto giant Geely on Wednesday announced it was taking a 49.9 percent stake in Malaysia's troubled Proton as well as a 51 percent share in British sports car brand Lotus.
 
Google helps advertisers track spending in physical stores
Google already monitors online shopping -- and now it's keeping an eye on physical stores to try to sell more digital advertising.
 
In 2016, US chief execs got biggest raises since 2013
The typical CEO at the biggest U.S. companies got an 8.5 percent raise last year, raking in US$11.5 million in salary, stock and other compensation last year, according to a study by executive data firm Equilar for The Associated Press. That's the biggest raise in three years.
 
A closely watched survey of business activity across the 19-country eurozone shows economic growth holding steady at a six-year high in May while job creation has picked up to one of the highest levels in nearly a decade.
 
More aggressive, sporty A5 and S5 available in Taiwan
Audi unleashed a more aggressive-looking, faster, lighter and technology-packed A5 along with its sports version, the S5, in Taipei, in May, nine years after the first editions were introduced.
 
Ford replaces CEO in push to transform business
Ford Motor Co. is replacing CEO Mark Fields amid questions about its current performance and future strategy, according to a person familiar with the situation.
 
Taiwan-based manufacturing giant Hon Hai Precision Industry Co. (鴻海) and its Japanese subsidiary Sharp Corp. are planning to work together to build a flat panel production site in the United States, according to Japan's Nihon Keizai Shimbun newspaper.
 
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