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<a href=http://feeds.reuters.com/~r/reuters/businessNews/~3/yVG-e5xNj84/us-ford-management-idUSKBN18L1EZ target=_blank >New Ford CEO relies on veterans to reboot profits</a>

New Ford CEO relies on veterans to reboot profits

BENGALURU/DETROIT (Reuters) – Ford Motor Co on Thursday reshuffled senior management and brought back a former executive from Uber Technologies Inc, signaling its new chief executive officer will rely on tested company veterans to turn Ford around rather than outside talent.

<a href=http://feeds.reuters.com/~r/reuters/businessNews/~3/uuJPgd0vOPY/us-gm-lawsuit-idUSKBN18L25Y target=_blank >Lawsuit accuses GM of rigging diesel truck emissions</a>

(Reuters) – General Motors Co was accused in a lawsuit on Thursday of rigging hundreds of thousands of diesel trucks with devices similar to those used by Volkswagen AG , to ensure they pass required emissions tests.

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<a href=http://feeds.reuters.com/~r/reuters/businessNews/~3/krY2FNcY-fA/us-opec-oil-idUSKBN18L0S8 target=_blank >OPEC, non-OPEC extend oil output cut by nine months to fight glut</a>

VIENNA (Reuters) – OPEC and non-members led by Russia decided on Thursday to extend cuts in oil output by nine months to March 2018 as they battle a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.

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<a href=http://feeds.reuters.com/~r/reuters/businessNews/~3/hLRABmFBrbg/us-china-corpbonds-dollars-analysis-idUSKBN18L23L target=_blank >Ballooning Chinese dollar borrowing a dilemma for index trackers</a>

LONDON/HONG KONG (Reuters) – Record-breaking dollar bond sales from Chinese companies are steadily increasing China’s weight in global indexes, raising concerns about overexposure among investors who track them.

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<a href=http://feeds.reuters.com/~r/reuters/businessNews/~3/qrylw_jhGdQ/us-usa-stocks-idUSKBN18L1HC target=_blank >Retailers rebound to boost S&P, Nasdaq to record highs</a>

(Reuters) – U.S. stocks rose on Thursday, with the S&P 500 and Nasdaq Composite scaling new highs, buoyed by strong earnings reports from the embattled retailer sector.

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<a href=http://feeds.reuters.com/~r/reuters/businessNews/~3/ofCRr8sJdYY/us-toshiba-accounting-westinghouse-pensi-idUSKBN18L2AF target=_blank >Exclusive: Bankrupt Westinghouse ends pensions for ex-CEOs, executives</a>

WILMINGTON, Del (Reuters) – Bankrupt Westinghouse Electric Co LLC, the U.S. nuclear technology firm owned by Toshiba Corp , has stopped making pension payments to former executives, according to a letter seen by Reuters, removing a benefit that has helped the company retain top talent.

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<a href=http://feeds.reuters.com/~r/reuters/businessNews/~3/b8v0GrnwiJY/us-usa-trade-ross-idUSKBN18L28H target=_blank >Wilbur Ross seeks bigger budget for trade enforcement</a>

WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross said on Thursday that a $5.5 million increase requested for the agency’s enforcement budget this year will have a “real impact” in cracking down on unfair trade practices and export security violations.

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<a href=http://feeds.reuters.com/~r/reuters/businessNews/~3/XGugXRnkU-0/us-bestbuy-results-idUSKBN18L1G7 target=_blank >Best Buy beats on profit, sales; shares at 11-year high</a>

CHICAGO (Reuters) – Best Buy Co Inc reported an unexpected rise in first-quarter comparable sales and the No. 1 U.S. electronics retailer said it planned to save $600 million in costs by the end of fiscal 2021, sending shares to an 11-year high on Thursday.

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<a href=http://feeds.reuters.com/~r/reuters/businessNews/~3/TzAGkvCKAZ8/us-usa-economy-unemployment-idUSKBN18L1M0 target=_blank >Jobless claims edge up; goods trade deficit widens</a>

WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits rose slightly last week and the four-week moving average of claims hit a 44-year low, suggesting a further tightening of the labor market that could encourage the Federal Reserve to raise interest rates next month.

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<a href=http://www2.staffingindustry.com/row/Editorial/Daily-News/Asia-Pacific-Nearly-half-of-CIOs-in-APAC-are-investing-in-digital-labour-42185 target=_blank >Asia Pacific – Nearly half of CIOs in APAC are investing in digital labour</a>

Almost half, or 46%, of Chief Information Officers in the APAC region report they are currently investing in, or plan to invest in digital labour, cognitive automation or robotic process automation, according to survey data from the 2017 Harvey Nash/KPMG CIO Survey.

The survey data from Harvey Nash also showed that despite 68% of APAC organisations adapting their technology strategy because of unprecedented global political and economic uncertainty, 89% are maintaining or ramping up investment in innovation, including in digital labour.

“Technological advances are occurring at an astonishing pace, coupled with the ever changing political and economic landscape, we are living in very exciting, yet unpredictable, times,” Nick Marsh, Managing Director, Harvey Nash Executive Search APAC said. “The 2017 Harvey Nash/KPMG CIO Survey highlights that many technology executives are turning this uncertainty into opportunity and are becoming the driving force in making their organisation more nimble, and digitally innovative. Technology leaders are becoming increasingly influential, as CEOs and boards turn to them for help in navigating through these uncertain times.”

Harvey Nash’s data also showed that cyber security vulnerability is at an all-time high, with more than a third of APAC IT leaders (36%) reporting their organisation had been subject to a major cyber-attack in the past 24 months – an increase of 4% since last year. Across the region, 20% say they are “very well” prepared to respond to these attacks, with 15% of IT leaders reporting they feel exposed and not at all prepared to deal with cyber-attacks. The biggest jump in threats comes from insider attacks, increasing from 40% to 47%

“Organisations have moved on from a world of strategizing and talking about digital, to one in which they are actually making it happen: we are now seeing widespread and active implementation,” Ram Lakshminarayanan, Partner, Management Consulting at KPMG in Singapore, said. “However, those organisations which we have identified as digital leaders tend to be much more focused on innovation and growth, they have higher levels of IT spend, and are much more likely to make aggressive investments in disruptive digital technologies such as digital labour, in some cases at twice the rate of all other organisations.”

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