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Business groups are applauding the opening of diplomatic relations, hoping it will lead to commercial opportunities in a new market.
More than two years of negotiations yielded an FTA that will eventually see tariffs eliminated on most goods traded between the EU and Vietnam, which had more than 28 billion euros in trade in 2014.
The group reported a 66.7 percent increase in net profits to $156 million on revenues of $4.2 billion for the second quarter.
The U.S. Maritime Administration is trying to find maritime applications for zero emission hydrogen fuel cells, which have the potential to provide cleaner air and reduce costs for shippers.
A deal for GE Capital Rail Services, which has assets valued at over $4 billion, could come by Labor Day, according to initial reports from Bloomberg Business.