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Oil closes higher; growing U.S. supply limits gains

Oil prices settled more than half a percent higher on Monday as some traders found bargains after last week's seven-month lows, but rising crude supply in the United States and other countries limited gains.

U.S. activist presses for 'bold action' at Nestle

U.S. activist shareholder Third Point LLC has targeted Nestle by taking a $3.5 billion stake in the food maker and urging Europe's most valuable company to boost returns as demand for its products weakens.

GM lowers outlook for U.S. 2017 new vehicle sales

General Motors Co now expects U.S. new vehicle sales in 2017 will be in the "low 17 million" unit range, reflecting a widespread expectation that the industry is headed for a moderate downturn, a top executive said on Monday.

Germany criticises Italy deal to wind down Veneto banks

Germany made clear on Monday it did not approve of the Italian government's decision to begin winding down two failed banks and urged the European Commission, which approved the deal, to enforce rules requiring state aid to be limited to a minimum.

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