Finance news

• Mexico says rejects threats against investment after Trump remark

  06-01-2017 23:51 via news.yahoo.com
  
  Mexico's government said on Friday it rejects any attempt to use threats to influence investment in the country, one day after Donald Trump said Japanese automaker Toyota would have to pay a hefty tax to produce cars in Mexico for U.S. consumers. "The Economy Ministry categorically rejects any attempt to influence investment decisions by companies based on fear or threats," the ministry said in a brief statement. It made no mention of Toyota or U.S. President-elect Trump.
  
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• BRIEF-Energy XXI Gulf Coast says Exxi Ltd filed petition seeking order for liquidation in supreme court of Bermuda

  06-01-2017 23:47
  
  * Energy XXI Gulf Coast - with filing of bankruptcy
  petitions, EXXI Ltd filed petition seeking order for liquidation
  of EXXI Ltd in supreme court of Bermuda
  
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• US stocks hit records as Dow flirts with 20,000 points

  06-01-2017 23:38 via news.yahoo.com
  
  US stocks finished the week on a strong note with both the S&P 500 and Nasdaq closing at new records, bolstered by strong gains by large technology shares. Wall Street also made its most audacious run yet at the 20,000-point milestone for the Dow Jones Industrial Average. US stocks were mixed in early trading after the closely-watched employment report showed the US economy added 156,000 jobs in December, slightly below expectations.
  
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• EMERGING MARKETS-Latam FX seesaws on U.S. data; Mexico cenbank supports peso

  06-01-2017 23:37
  
  (Updates with final prices)By Bruno FederowskiSAO PAULO, Jan 6 (Reuters) - Latin American currencies
  seesawed on Friday after mixed U.S. jobs data, while the Mexican
  peso strengthened after...
  
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• Ivory Coast uprising by disgruntled soldiers spreads to other cities

  06-01-2017 23:33 via news.yahoo.com
  
  By Ange Aboa and Loucoumane Coulibaly BOUAKE, Ivory Coast (Reuters) - Disgruntled soldiers demanding salary increases and the payment of bonuses seized control of Ivory Coast's second-largest city, Bouake, on Friday, in an uprising that spread to at least two other cities. A statement from Defence Minister Alain-Richard Donwahi read out on state television said a group of soldiers had used their weapons to force their way into the military headquarters in Bouake soon after midnight and then made
  
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• BRIEF-Berkshire Hathaway files for offering of EUR 550 mln

  06-01-2017 23:26
  
  * Berkshire Hathaway files for offering of EUR 550 million
  of its 0.250 percent senior notes due 2021 and EUR 550 million
  of its 0.625 percent senior notes due 2023 - SEC filingSource:...
  
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• BRIEF-Functionx borrows additional $250,000 under line of credit from Sillerman Investment

  06-01-2017 23:25
  
  * Functionx - On Dec 30, 2016, borrowed additional $250,000
  under line of credit from Sillerman Investment Company iv, LLC,
  affiliate of CEO
  
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• BRIEF-Berkshire Hathaway files for offering of $950 mln

  06-01-2017 23:23
  
  * Berkshire Hathaway files for offering of $950 million of
  its floating rate senior notes due 2019 and $350 million of its
  floating rate senior notes due 2020
  
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• Fed's Kaplan says backs gradual rate increases in 2017

  06-01-2017 23:15 via news.yahoo.com
  
  CHICAGO (Reuters) - The U.S. economy is ready for gradual interest rate increases this year and it remains too early to know whether Trump administration policies will boost economic growth, Dallas Federal Reserve Bank President Robert Kaplan said on Friday.
  
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• Stocks, dollar recover ground after U.S. jobs report

  06-01-2017 22:53 via news.yahoo.com
  
  Stocks overcame early weakness and the dollar and U.S. Treasury yields rallied on Friday after data showed U.S. wages rose in December even as hiring slowed, setting the economy up for further interest rate increases from the Federal Reserve this year. "There's still improvement to be made, especially with the labor force participation rate being low, but conditions seem to be close to what the Fed might be happy with," said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Managem
  
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• BRIEF-Implant Sciences - bankruptcy court entered order authorizing transaction with l-3 Communications Corp on Dec 16. 2016

  06-01-2017 22:32
  
  * Implant sciences -on Dec 16, 2016, bankruptcy court
  entered an order authorizing transaction with l-3 communications
  corpSource text (http://bit.ly/2iRaByU)
  Further company coverage:
  
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• Pimco Total Return posts $3.2 billion outflows in December

  06-01-2017 22:28
  
  NEW YORK (Reuters) - Investors pulled $3.2 billion from the Pimco Total Return Fund, once the world's largest bond fund, in December, bringing last year’s total cash withdrawals to $16.1 billion,...
  
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• Theranos lays off another 155 people in wake of scandal

  06-01-2017 22:01 via news.yahoo.com
  
  Theranos will lay off 41 percent of its workforce, the company said on Friday.  The troubled blood testing company, which is the subject of multiple lawsuits and investigations, announced that it would lay off 155 employees, keeping on 220 staffers. Theranos sold off much of its real estate this month.  "These are always the most difficult decisions; however, this move allows Theranos to marshal its resources most efficiently and effectively," the company wrote in a press release. "The
  
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• Boosted by Apple, Wall Street parties like it's 19,999

  06-01-2017 21:17 via news.yahoo.com
  
  (Reuters) - The Dow came within one point of 20,000 for the first time ever on Friday, boosted by a rise in Apple shares and extending a two-month rally fueled by optimism that U.S. President-elect Donald Trump's policies will bolster the economy.
  
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• Canada's Trudeau, facing domestic pressures, scraps Davos trip

  06-01-2017 21:08 via news.yahoo.com
  
  Canadian Prime Minister Justin Trudeau, facing negative headlines over party fund raising and his winter holiday, on Friday pulled out of the World Economic Forum in Davos, Switzerland, in favor of meeting ordinary citizens. Trudeau, who never misses a chance to sell Canada as a destination for foreign investment, had planned to attend the annual mid-January meeting of billionaires, investors, celebrities and politicians. Trudeau spokesman Cameron Ahmad said the prime minister would instead hold
  
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• Uprising of disgruntled soldiers spreads in Ivory Coast

  06-01-2017 20:59 via news.yahoo.com
  
  By Ange Aboa and Loucoumane Coulibaly BOUAKE, Ivory Coast (Reuters) - Disgruntled soldiers demanding salary increases and the payment of bonuses seized control of Ivory Coast's second-largest city, Bouake, on Friday, in an uprising that spread to at least two other cities. A statement from Defense Minister Alain-Richard Donwahi read out on state television said a group of soldiers had used their weapons to force their way into the military headquarters in Bouake soon after midnight and then made
  
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• Ford plant turns 'cemetery' as Trump wrenches Mexican autos

  06-01-2017 20:59 via news.yahoo.com
  
  By Christine Murray SAN LUIS POTOSI, Mexico (Reuters) - Ford Motor Co's abrupt move to scrap a planned $1.6 billion car plant in central Mexico has spooked a network of suppliers who bet on a growing customer base and dramatized the risk that Donald Trump's agenda poses to the country's broader economy. Many auto parts makers had started to expand in anticipation of Ford's plant in the state of San Luis Potosi, where industry is "easily 70 percent" dependent on the auto sector, said Julian Eaves
  
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• In sign of more hawkish Fed, Evans nods to three rate hikes

  06-01-2017 20:54 via news.yahoo.com
  
  Chicago Federal Reserve President Charles Evans said on Friday the central bank could raise interest rates three times this year, faster than he had expected just a few months ago and in line with the majority of his colleagues. The comments from Evans, a voting member of the Fed's policy committee this year and one of the U.S. central bank's most outspoken doves, were a fresh sign the Fed is gearing up for potentially faster rate hikes in the face of above-potential economic growth and firmer i
  
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• AB InBev and Keurig to develop alcoholic drinks dispenser for the home

  06-01-2017 20:11
  
  LONDON (Reuters) - Brewer Anheuser Busch InBev (AB InBev) and coffee maker Keurig Green Mountain have teamed up to develop a countertop appliance that could dispense alcoholic drinks in the home.
  
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• 8 ways the US job market has evolved over Obama's 8 years

  06-01-2017 20:09 via news.yahoo.com
  
  When President Barack Obama took office in January 2009 in the midst of the Great Recession, the economy was hemorrhaging jobs. Employers were panicking in the face of plummeting demand and a financial ...
  
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• U.S. job growth slows, but wages rebound strongly

  06-01-2017 19:37 via news.yahoo.com
  
  U.S. employment increased less than expected in December but a rebound in wages pointed to sustained labor market momentum that sets up the economy for stronger growth and further interest rate increases from the Federal Reserve this year. Nonfarm payrolls rose by 156,000 jobs last month, the Labor Department said on Friday. The gains, however, are more than sufficient to absorb new entrants into the labor market.
  
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• BRIEF-C&J Energy Services completes financial restructuring, emerges from chapter 11 bankruptcy

  06-01-2017 19:20
  
  * C&J Energy Services successfully completes financial
  restructuring, emerges from chapter 11 bankruptcy and adopts
  stockholder rights plan
  
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• Dow comes within 1 point of 20,000; indexes at records

  06-01-2017 18:59 via news.yahoo.com
  
  A rise in Apple pushed the three major indexes to record highs. Apple's shares rose 1.1 percent to $117.86 after Canada's Competition Bureau said it did not find sufficient evidence iPhone maker had engaged in anti-competitive conduct, closing a two-year investigation into the company. The Nasdaq is on track to be the biggest gainer in Wall Street's first trading week of the year, rising about 2.6 percent.
  
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• Pimco Total Return posts $3.2 billion outflow in December: Morningstar

  06-01-2017 18:26
  
  NEW YORK (Reuters) - Investors pulled $3.2 billion from the Pimco Total Return Fund, once the world's largest bond fund, in December, bringing last year’s total cash withdrawals to $16.1 billion,...
  
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• Robust job gains, trade data boost hopes for Canadian economy

  06-01-2017 18:14 via news.yahoo.com
  
  By David Ljunggren OTTAWA (Reuters) - Canadian job growth surged in December as full-time employment finally rebounded, turning concern about a weak labor market on its head and raising hopes the economy may have turned the corner after two years of pain caused by low oil prices. Employers added 53,700 jobs in December and 214,000 in 2016 as a whole, the best annual growth since 2012, bucking market expectations for a month without job growth in a year where part-time and lower-quality jobs domi
  
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• UK's FTSE posts record close to round off fifth straight weekly gain

  06-01-2017 18:10
  
  * Gold miners weigh(ADVISORY- Follow European and UK stock markets in real time on
  the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)
  
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• Top U.S. senator: Trump administration won't toss Iran deal

  06-01-2017 17:56 via news.yahoo.com
  
  By Patricia Zengerle WASHINGTON (Reuters) - The chair of the U.S. Senate Foreign Relations Committee said that abrupt rejection of the Iran nuclear deal by the incoming Trump administration could create "a crisis" and that he did not expect such an approach. Instead, we will begin to radically enforce it," Senator Bob Corker told reporters on Friday at a breakfast sponsored by the Christian Science Monitor. Concern about the Iran deal under Trump, who at times has pledged to pull Washington out
  
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• US job gains in December show solid labor market

  06-01-2017 17:44 via news.yahoo.com
  
  US job growth slowed in the final month of 2016, but low unemployment and millions of jobs added last year point to a robust labor market President-elect Donald Trump will inherit. The country added 156,000 jobs in December, which on its face was disappointing since it fell short of the consensus forecast for 175,000 new positions. The figures provide the final official snapshot of the US labor market during Barack Obama's presidency, confirming the relative health of the economy he will hand ov
  
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• N.Y. Fed raises U.S. GDP growth view toward 2 percent

  06-01-2017 17:35 via news.yahoo.com
  
  The New York Federal Reserve on Friday raised its outlook on U.S. economic growth in final quarter of 2016 and first three months of 2017 to near 2 percent following "parameter revisions" and stronger-than-forecast manufacturing data. U.S. gross domestic product was on track to expand at an annualized pace of 1.89 percent in fourth quarter of 2016, faster the previous forecast of 1.77 percent a week ago, while GDP in the first quarter was on course to grow by an annualized pace of 1.94 percent,
  
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• Disgruntled soldiers seize control of Ivory Coast's second city

  06-01-2017 17:20 via news.yahoo.com
  
  By Ange Aboa and Loucoumane Coulibaly ABIDJAN (Reuters) - Disgruntled soldiers demanding salary increases and the payment of bonuses seized control of Ivory Coast's second-largest city, Bouake, on Friday, according to the defense minister. Ivory Coast - French-speaking West Africa's largest economy - has emerged from a 2002-2011 political crisis as one of the continent's rising economic stars. A statement from Defense Minister Alain-Richard Donwahi read out on state-owned television said a group
  
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• AT&T says Time Warner purchase could avoid FCC scrutiny

  06-01-2017 17:18
  
  WASHINGTON (Reuters) - AT&T Inc expects to be able to bypass a powerful telecommunications regulator in its planned $85.4 billion acquisition of Time Warner Inc , the companies said inregulatory...
  
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• World stocks edge lower, dollar recovers ground after U.S. jobs report

  06-01-2017 17:09 via news.yahoo.com
  
  By Saqib Iqbal Ahmed NEW YORK (Reuters) - Global equity prices edged lower on Friday after December's U.S. non-farm payrolls report showed a slowing in hiring but an increase in wages, setting the economy up for further interest rate increases from the Federal Reserve this year. The jobs report sent the dollar to session highs against several major currencies, and U.S. Treasury debt yields rallied from multi-week lows. U.S. employment increased less than expected in December but a rebound in wag
  
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• India GDP growth to slow to 7.1 percent amid cash crunch

  06-01-2017 17:01 via news.yahoo.com
  
  India's government said Friday that the economy would grow by 7.1 percent in the financial year ending in March, slower than the growth registered during the previous year, amid warnings of a cash crunch hitting business activity. "The growth in GDP during 2016-17 is estimated at 7.1 percent as compared to the growth rate of 7.6 percent in 2015-16," the statistics ministry said in a statement. The announcement came as analysts warned of an economic slowdown in the country following Prime Ministe
  
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• Dollar up as solid U.S. jobs report sets stage for Fed hikes

  06-01-2017 16:54 via news.yahoo.com
  
  The dollar rose on Friday, boosted by a solid U.S. jobs report, but was headed for a second straight weekly loss after tumbling the day before on mixed U.S. economic data and apparent action by Chinese authorities to shore up the yuan. The dollar gained broadly against major currencies after the U.S. non-farm payrolls report showed a slowing in hiring in December but an increase in wages, setting the economy up for further interest rate increases from the Federal Reserve this year. October and N
  
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• Engie CEO says there are no plans to take over Suez

  06-01-2017 16:44
  
  PARIS (Reuters) - EngieChief Executive Isabelle Kocher said on Friday the French utility has no plans for a full takeover of its 33 percent-owned waste and water unit Suez, responding to a report...
  
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• Class of 2016 fund manager heads facing a tough challenge

  06-01-2017 16:35
  
  The swathe of new leaders at active managers all face the same daunting task of having to help their firms grow despite strong headwinds
  
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• General Motors moving forward on sale of Indian car plant to China's SAIC

  06-01-2017 16:27
  
  NEW DELHI (Reuters) - A subsidiary of China's top carmaker SAIC Motor Corpplans to acquire certain General Motorsmanufacturing assets in India, a filing with the country's competition watchdog...
  
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• EFG Hermes to buy UK solar power portfolio for $580 million

  06-01-2017 16:11
  
  LONDON (Reuters) - EFG Hermes' renewable energy platform Vortex has agreed to buy a portfolio of solar power assets in Britain for 470 million pounds ($580 million) from Sun Edison's Terraforma .
  
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• Career Clinic: A banker’s tips for the firing line

  06-01-2017 16:08
  
  If you think you may be at risk of being at risk, think and plan ahead
  
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• Stock markets unfazed by US jobs data

  06-01-2017 16:02 via news.yahoo.com
  
  Global stock markets showed a muted reaction to weaker-than-expected US jobs data Friday which investors said will not distract the Federal Reserve from its rate-raising plans. Job growth in the world's largest economy slowed in the final month of 2016 and the unemployment rate rose marginally, the Labor Department reported.
  
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• Wall Street loses ground after mixed jobs data

  06-01-2017 15:57 via news.yahoo.com
  
  The public and private sectors together added 156,000 jobs last month, a U.S. Labor Department report showed, compared with 204,000 jobs added in November. This, coupled with President-elect Donald Trump's pledge for fiscal stimulus, could prompt the Federal Reserve to raise interest rates faster than anticipated. "Wage growth is firming up and if we get over 3.0 percent, the Fed would feel a lot more comfortable to raise rates further," said Craig Dismuke, chief economist at Vining Sparks in Me
  
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• DCNS CEO says 'very likely' will enter into STX France's capital

  06-01-2017 15:56
  
  PARIS (Reuters) - The head of French state-controlled military shipbuilder DCNS said on Friday it was "very likely" that DCNS would enter into the capital of STX France, which is in the process of...
  
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• €2 billion Allfunds race heats up

  06-01-2017 15:55
  
  Private equity firms are leading the race to buy Europe's top online funds platform
  
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• US job gains slow in December

  06-01-2017 15:52 via news.yahoo.com
  
  Job growth in the world's largest economy slowed in the final month of 2016 and the already-low unemployment rate rose marginally, the Labor Department reported Friday. The US added a solid 156,000 jobs in December but the jobless rate nudged up to 4.7 percent, reversing some of the sudden drop in November, when unemployment fell to 4.6 percent, its lowest level in nearly a decade. The figures provide the final official snapshot of the US labor market during Barack Obama's presidency and confirm
  
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• UPDATE 1-TerraForm to sell some UK solar projects

  06-01-2017 15:47
  
  Jan 6 (Reuters) - TerraForm Power Inc, the
  "yieldco" of bankrupt solar company SunEdison Inc,
  said it would sell some UK solar projects to Vortex, the
  renewable energy investment platform of Egypt's...
  
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• Booming jobs, trade numbers boost hopes for Canadian economy

  06-01-2017 15:27 via news.yahoo.com
  
  By David Ljunggren OTTAWA (Reuters) - Canada posted unexpectedly strong jobs and trade numbers on Friday, a sign its sputtering economy might finally be recovering after two years of pain caused by lower crude oil prices. Statistics Canada said 53,700 net new jobs were added in December, all of them full time, after shedding 31,800 positions over the two previous months. Not only did we have a much better headline gain than expected, but it was led by full-time jobs," said Doug Porter, chief eco
  
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• Stocks, dollar get lift from US wage news

  06-01-2017 15:13 via news.yahoo.com
  
  LONDON (AP) — Global stock markets traded modestly higher on Friday after some encouraging wage news from the U.S. even as monthly jobs figures came in slightly lower than anticipated.
  
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• Trade deficit rises for second straight month

  06-01-2017 14:58 via news.yahoo.com
  
  WASHINGTON, Jan 6 (Reuters) - - The U.S. trade deficit widened for a second straight month in November as imports rose to their highest level in more than a year on higher oil prices, suggesting that trade was a significant drag on economic growth in the fourth quarter. The Commerce Department said on Friday the trade gap increased 6.8 percent to $45.2 billion. October's trade deficit was revised down slightly to $42.4 billion from the previously reported $42.6 billion.
  
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• TerraForm to sell some UK solar projects

  06-01-2017 14:58
  
  Jan 6 (Reuters) - TerraForm Power Inc, the
  "yieldco" of bankrupt solar company SunEdison Inc,
  said it would sell some UK solar projects to Vortex, the
  renewable energy investment platform of Egypt's...
  
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• Canada economy unexpectedly adds 53,700 jobs, all full-time

  06-01-2017 14:54 via news.yahoo.com
  
  The Canadian economy unexpectedly added 53,700 new jobs in December, all of them full-time, while the unemployment rate edged up as more people sought work, Statistics Canada data indicated on Friday. Analysts in a Reuters poll had forecast no change in employment. Full-time employment, which had fallen in the previous two months, jumped by 81,300 jobs, the largest month-on-month gain since March 2012.
  
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