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Unitedhealth Profit Beats On Strong Growth Across Businesses

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– UnitedHealth Group Inc (UNH.N) on Tuesday posted a quarterly profit that beat Wall Street estimates, fueled by growth in its core insurance and health-services businesses and raised its earnings forecast for the year.

Shares of UnitedHealth rose 1.3 percent to $233.25 in premarket trading.

The largest U.S. health insurer has been adding more physicians through a series of acquisitions, helping drive its customer base, which grew by 2.2 million in the first quarter.

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Japan May Soften Trade Stance As Us Keeps Up Pressure

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WASHINGTON – Despite calls to resist protectionism and for the United States to rejoin a multilateral trans-Pacific trade pact, Japan is gradually shifting gear to adjust to a trade environment shaken up by U.S. President Donald Trump.

Japan ramped up its warning over the damage protectionism could inflict on the global economy, with Finance Minister Taro Aso saying this week that inward-looking policies would destabilize markets and benefit no country.

Tokyo also sought to play down the rift emerging between Washington and its Group of 20 counterparts, with one official saying the proceedings on the sidelines of the International Monetary Fund and World Bank meetings this week were “hardly contentious.”

Prime Minister Shinzo Abe failed to convince Trump to rejoin the Trans-Pacific Partnership (TPP) pact when the two men met in Florida earlier this week. Trump has made it clear that he prefers a bilateral trade deal with Japan.

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World Bank Says Shareholders Endorse Capital Increase

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WASHINGTON – The World Bank said on Saturday its shareholders had endorsed a $13 billion paid-in capital increase, a series of internal reforms and a set of policy measures to strengthen the international lender’s capabilities.

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Us Regulator Permits Chinas Zte To Submit More Evidence

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NEW YORK – The U.S. Commerce Department has granted ZTE Corp’s (000063.SZ) (0763.HK) request to submit more evidence after the agency banned American companies from selling to the Chinese technology firm, a senior Commerce official said on Saturday.

The U.S. Commerce Department’s Bureau of Industry and Security, or BIS, this week banned American companies from selling to ZTE for seven years, saying the Chinese company had broken a settlement agreement with repeated false statements. The action was sparked by ZTE’s violation of an agreement that was reached after it was caught illegally shipping U.S. goods to Iran.

According to Commerce regulations, there is no appeals process, but the agency has “exercised discretion” to let ZTE present additional evidence through an “informal procedure,” the senior official said.

The Wall Street Journal first reported the decision by Commerce to allow more evidence.

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