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Global Markets: BMW issues major recall

By Commodity News Service Canada
Nov. 6 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– One of the world’s premier automakers has issued a major recall. BMW is recalling more than a million vehicles that could be at risk of developing fires under the hood. The German car-maker is also telling affected owners that they should park their vehicles outdoors for now. In all, about 15,000 vehicles in Canada are affected.

– A massive leak of secret tax documents is shaking the financial world. More than 13 million records were made public, detailing how the world’s richest people park their money overseas in a bid to avoid paying domestic taxes. More than 3,000 Canadians are affected including former Prime Ministers Brian Mulroney, Paul Martin and Jean Chretien.

– Asian markets softened on Monday due to disappointing jobs reports. U.S. President Donald Trump’s visit to the region this week also caused some uncertainty for investors. Markets in South Korea and Hong Kong each fell roughly one percent.

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