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Russian billionaire Potanin buys 2 percent of Nornickel from…

MOSCOW (Reuters) – Russian billionaire Vladimir Potanin’s Interros Holding said it had completed the purchase from businessman Roman Abramovich of a 2 percent stake in Norilsk Nickel, which has been the subject of a legal battle. Abramovich struck a provisiona... More »

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Merkel denies delaying euro zone reforms

BERLIN (Reuters) – German Chancellor Angela Merkel on Monday denied striking an agreement with France to delay the planned proposal of euro zone reforms at a summit of European leaders this month “I have never said anything about delays,” Merkel told a joint n... More »

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Syria’s Douma faces catastrophe, says council, as assault grinds on

FILE PHOTO: A boy is seen in the besieged town of Douma, Eastern Ghouta, in Damascus, Syria March 8, 2018. REUTERS/Bassam Khabieh/File Photo AMMAN/BEIRUT (Reuters) – Syria’s rebel-held city of Douma faces a “catastrophic” situation after becoming the main have... More »

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Brexit and NAFTA dispute making firms wary, says Canadian minister

FILE PHOTO – Minister of Finance Bill Morneau is interviewed in the foyer of the House of Commons after tabling the budget on Parliament Hill in Ottawa, Ontario, Canada, February 27, 2018. REUTERS/Blair Gable LONDON (Reuters) – There are parallels between the ... More »

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In Ghouta’s shelters, terrified Syrians await the next bomb

People hold a warning leaflet dropped by plane entitled “Keep yourself and your family aware” in the besieged town of Douma, Eastern Ghouta, in Damascus, Syria March 11, 2018. REUTERS/ Bassam Khabieh BEIRUT (Reuters) – As the Syrian army pushes deeper into eas... More »

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Toolbox trade wars: How a sure winner in U.S. dispute has yet to…

The glass entranceway to Metal Box InternationalÕs toolbox factory is seen in Franklin Park, Illinois, U.S., February 21, 2018. Picture taken February 21, 2018. REUTERS/Timothy Aeppel FRANKLIN PARK, Ill. (Reuters) – Nestled in an industrial park near the end o... More »

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Trump considers ex-Microsoft exec as top economic adviser: official

FILE PHOTO: U.S. President Donald Trump and Assistant to the President for Strategic Initiatives Chris Liddell hold up a chart showing the processes involved with making a federal highway during an event on deregulation at the White House in Washington, U.S., ... More »

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Tariffs should be part of U.S. trade policy, Trump foe Warren says

Senator Elizabeth Warren (D-MA) questions Alex Azar (not pictured) during a Senate Health, Education, Labor and Pensions Committee hearing on his nomination to be Health and Human Services secretary on Capitol Hill in Washington, U.S., November 29, 2017. REUTE... More »

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Merkel, Macron delay plan to present euro zone reforms: Spiegel

France’s President Emmanuel Macron (R) speaks with German Chancellor Angela Merkel as they gather for a family photo during a High Level Conference on the Sahel at the European Commission in Brussels, Belgium, February 23, 2018. REUTERS/John Thys/Pool BERLIN (... More »

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Tariff tantrum hits U.S. stock funds in latest week

NEW YORK (Reuters) – U.S. fund investors pulled $9.8 billion from stocks during the latest week, Lipper data showed on Thursday, halting the investments’ budding momentum after February’s selloff. The withdrawals, recorded during the seven days through March 7... More »

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U.S. space companies aim to help Brazil rocket base lift off

An aerial view shows Brazil’s Alcantara space center in the city of Alcantara, Maranhao state, Brazil May 21, 2013. Brazil Air Force Press Office/Handout via Reuters BRASILIA (Reuters) – U.S. companies eager to tap into the fast-growing market for low-cost sat... More »

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ECB gives up on bigger bond buys en route to stimulus exit

European Central Bank (ECB) President Mario Draghi holds a news conference at the ECB headquarters in Frankfurt, Germany, March 7, 2018. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – The European Central Bank dropped a long-standing pledge on Thursday to increa... More »

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Protracted Italian political deadlock might impact euro economy,…

European Central Bank (ECB) President Mario Draghi holds a news conference at the ECB headquarters in Frankfurt, Germany, March 7, 2018. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Political deadlock in Italy following inconclusive elections has caused few wi... More »

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Draghi comments at ECB press conference

European Central Bank (ECB) President Mario Draghi and Vice President Vitor Constancio arrive for a news conference at the ECB headquarters in Frankfurt, Germany, March 7, 2018. REUTERS/Ralph Orlowski FRANKFURT, (Reuters) – The European Central Bank dropped a ... More »

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Do you need a do-over on your Roth conversion?

Dan Demeglio, race and sports book supervisor, cashes a 200-to-1 future bet for Doug O’Neill, trainer of Kentucky Derby winner “I’ll Have Another”, at the Primm Valley Casino in Primm, Nevada June 25, 2012. REUTERS/Las Vegas Sun/Steve Marcus CHICAGO (Reuters) ... More »

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Sovereign investors to cut U.S. exposure, eye trade wars: survey

FILE PHOTO: U.S. President Donald Trump announces that the United States will impose tariffs of 25 percent on steel imports and 10 percent on imported aluminum during a meeting at the White House in Washington, U.S., March 1, 2018. REUTERS/Kevin Lamarque/File ... More »

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Italy’s League, 5-Star vie for power after inconclusive vote

A man casts his vote at a polling station in Milan, Italy March 4, 2018. REUTERS/Stefano Rellandini ROME (Reuters) – Two anti-establishment leaders made early plays to govern Italy on Monday, triggering concern in the euro zone following an inconclusive electi... More »

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Italy’s 5-Star rebels heading for a date with the establishment?

5-Star Movement founder Beppe Grillo (L) speaks next leader Luigi Di Maio during the finally rally ahead of the March 4 elections in downtown Rome, Italy, March 2, 2018. REUTERS/Tony Gentile ROME (Reuters) – The anti-establishment 5-Star Movement has emerged a... More »

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South Korea finance minister says will talk to U.S. on trade…

FILE PHOTO: South Korean Finance Minister Kim Dong-yeon speaks during his inaugural ceremony in Sejong government complex in Sejong, South Korea, June 15, 2017. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea’s finance minister said on Monday the government ... More »

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China keeps growth target at 6.5 percent, stays focused on…

Chinese Premier Li Keqiang claps hands as he delivers his speech during the opening session of the National People’s Congress (NPC) at the Great Hall of the People in Beijing, China March 5, 2018. REUTERS/Damir Sagolj BEIJING (Reuters) – China aims to expand i... More »

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China will not join international tax cut race: state cabinet…

BEIJING (Reuters) – China has no intention of joining the international tax cut race, head of the government’s state council research office said on Monday, even as Beijing rolled out fresh tax cuts worth more than 800 billion yuan (91.6 billion pounds) for 20... More »

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Euro zone’s economic roar lost some volume in February: PMI

The famous skyline with its banking district is pictured as a rescue helicopter flies by in Frankfurt early evening April 13, 2015. The European Central Bank’s governing council will meet in Frankfurt on Wednesday, April 15. REUTERS/Kai Pfaffenbach LONDON, (Re... More »

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Italy faces political gridlock after 5-Star surges

A man casts his vote at a polling station in Milan, Italy March 4, 2018. REUTERS/Stefano Rellandini ROME (Reuters) – Italy faces a prolonged period of political instability after voters delivered a hung parliament on Sunday, spurning traditional parties and fl... More »

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Reaction to Italy’s election outcome

A man waits to enter to cast his vote at a polling station in Rome, Italy, March 4, 2018. REUTERS/Max Rossi (Reuters) – Italy faces a prolonged period of political instability after voters delivered a hung parliament in Sunday’s election, spurning traditional ... More »

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Italian bond yields jump as euroskeptic parties surge in election

LONDON (Reuters) – Investors dumped Italy’s government bonds on Monday and rushed to buy high-grade equivalents such as German Bunds after the weekend Italian election saw a surge in support for anti-establishment parties, led by the 5-Star Movement. Italy fac... More »

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German private-sector expansion slows in February but quarter one…

The famous skyline with its banking district is pictured in early evening next to the Main River in Frankfurt, Germany, January 19, 2016. REUTERS/Kai Pfaffenbach BERLIN, (Reuters) – Growth in Germany’s private sector slowed in February from a month earlier but... More »

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French business activity slows to four-month low in February: PMI

A general view shows the Eiffel Tower and the financial and business district in La Defense, west of Paris, France November 22, 2017. REUTERS/Gonzalo Fuentes PARIS, (Reuters) – French business activity softened more than first thought in February, growing at t... More »

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China boosts defense spending amid military modernization

Zhang Yesui, a spokesman for National People’s Congress (NPC), addresses reporters ahead of China’s annual session of parliament at the Great Hall of the People in Beijing, China March 4, 2018. REUTERS/Damir Sagolj BEIJING (Reuters) – China on Monday unveiled ... More »

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As Congress moves to drop tariffs, some U.S. firms cry foul

Korchmar President Mike Korchmar (L) and CEO Michael Korchmar (R) display a bag assembled at the Naples, Florida factory of Korchmar, a family-owned business in Naples, Florida, U.S., February 13, 2018. Picture taken on February 13, 2018. REUTERS/Andy Sullivan... More »

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China says supports negotiation to settle trade disputes

China opposes protectionism and supports the settlement of trade disputes through negotiation, but will "resolutely safeguard" its legitimate rights and interest, Premier Li Keqiang said in a government work report on Monday.President Donald Trump announced la... More »

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China cuts budget deficit ratio for first time since 2012

BEIJING (Reuters) – China set a 2018 budget deficit target that’s lower than last year’s ratio even as it said“proactive” fiscal policy remains unchanged. The Ministry of Finance said on Monday that it is targeting a budget deficit of 2.6 percent of gross dome... More »

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China aims to keep property market stable in 2018

China aims to pursue "stable and healthy development" of the property market in 2018 with an increased focus on providing affordable housing and developing the rental market, Premier Li Keqiang said in a government work report released on Monday. More »

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Trump trade adviser sees business exemptions for new tariffs

U.S. President Donald Trump listens to reporters as walks with first lady Melania Trump on South Lawn of the White House upon their return to Washington, U.S., from Palm Beach, Florida, March 3, 2018. REUTERS/Yuri Gripas WASHINGTON (Reuters) – A top trade advi... More »

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Key U.S. lawmaker urges steel tariff exemptions for NAFTA allies

FILE PHOTO: Rep. Kevin Brady (R-TX), Chairman of the House Ways and Means Committee, arrives for a Republican conference meeting at the U.S. Capitol in Washington, U.S., December 20, 2017. REUTERS/Aaron P. Bernstein MEXICO CITY (Reuters) – An influential U.S. ... More »

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UK PM May tells Trump of ‘deep concern’ over metals tariffs

Britain’s Prime Minister Theresa May talks to Andrew Marr for the Marr Show on BBC television in London, Britain March 2, 2018. Picture taken March 2, 2018. Jeff Overs/BBC/Handout via REUTERS LONDON (Reuters) – British Prime Minister Theresa May told U.S. Pres... More »

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Markets clear German hurdle, Italy up next

Traders work at Frankfurt’s stock exchange in Frankfurt, Germany, February 6, 2018. Picture taken with a fisheye lens. REUTERS/Ralph Orlowski LONDON (Reuters) – The revival of Germany’s grand coalition should aid stability and keep the euro zone’s plans for ti... More »

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As NAFTA weighs, Trump’s tariffs drive new U.S. auto concerns

U.S. President Donald Trump waves upon his arrival in West Palm Beach, Florida, U.S., March 2, 2018. REUTERS/Kevin Lamarque MEXICO CITY (Reuters) – From a hotel in Mexico City, Ann Wilson, a senior executive at the U.S. Motor and Equipment Manufacturers Associ... More »

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NAFTA talks on autos eyed for next week: Mexico negotiator

Mexico’s chief negotiator Kenneth Smith speaks to journalists at the hotel where the seventh round of NAFTA talks takes place, in Mexico City, Mexico March 2, 2018. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – U.S., Mexican and Canadian trade experts leading... More »

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EU eyes tax on tech giants closer to 2 percent than 6 percent of…

FILE PHOTO: The Amazon logo is seen at the Young Entrepreneurs fair in Paris, France, February 7, 2018. REUTERS/Charles Platiau PARIS (Reuters) – The European Union this month will unveil plans to tax large global tech companies’ revenue at a rate in the 2-to-... More »

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Investigators looking at whether Kushner business talks affected…

FILE PHOTO – White House senior adviser Jared Kushner delivers remarks on the Trump administration’s approach to the Middle East region at the Saban Forum in Washington, U.S., December 3, 2017. REUTERS/James Lawler Duggan WASHINGTON (Reuters) – Federal investi... More »

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Businesses try to coax Trump from tariffs brink, aides quarrel

U.S. President Donald Trump holds a meeting where he announced that the United States will impose tariffs of 25 percent on steel imports and 10 percent on imported aluminum at the White House in Washington, U.S., March 1, 2018. REUTERS/Kevin Lamarque WASHINGTO... More »

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The financial impact of Trump’s tariffs on steel and aluminum

DETROIT (Reuters) – If U.S. President Donald Trump goes ahead with sweeping tariffs on steel and aluminum imports, it could lower profits for companies making everything from pickup trucks to canned soup, or result in higher prices for consumers. Trump has thr... More »

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Asia fears trade war after Trump plans hefty steel, aluminum tariffs

FILE PHOTO: Steel pipes for sale are displayed at a shop in the Mullae-dong steel product district in Seoul July 13, 2010. REUTERS/Jo Yong-Hak/File Photo SEOUL/SYDNEY (Reuters) – U.S. President Donald Trump’s planned tariffs on steel and aluminum will distort ... More »

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Gold as an inflation hedge? Well, sort of…

FILE PHOTO: Gold bars at the Austrian Gold and Silver Separating Plant ‘Oegussa’ in Vienna, Austria, March 18, 2016. REUTERS/Leonhard Foeger/File Photo LONDON (Reuters) – Rising inflation has put gold back on the radar for investors looking to protect themselv... More »

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PNG declares state of emergency after deadly quake strikes rugged…

Locals surround a house that was covered by a landslide in the town of Mendi after an earthquake struck Papua New Guinea’s Southern Highlands, in this image taken February 27, 2018 obtained from social media. Francis Ambrose/via REUTERS ATTENTION EDITORS – THI... More »

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German monthly retail sales unexpectedly drop in January

FILE PHOTO: Shopping mall Blechen Carre is seen in Cottbus, Germany, January 24, 2018. REUTERS/Axel Schmidt/File Photo BERLIN (Reuters) – German monthly retail sales unexpectedly declined in January, data showed on Friday, in a sign that private consumption ma... More »

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In surprise move, South Korea reappoints Lee as BOK chief for…

FILE PHOTO – Bank of Korea Governor Lee Ju-yeol speaks during a news conference in Seoul, South Korea, November 30, 2017. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea has reappointed current central bank chief Lee Ju-yeol for another term on Friday, a mov... More »

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Japan’s central bank chief says may debate easy policy exit if…

Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a lower house budget committee session at the parliament in Tokyo, Japan, February 13, 2018. REUTERS/Toru Hanai TOKYO (Reuters) – Japan’s central bank chief said on Friday it would consider ending ultra-loos... More »

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Factbox: What to expect from China’s annual meeting of parliament

(Reuters) – Around 3,000 delegates to the annual meeting of China’s largely rubber-stamp parliament, the National People’s Congress, will meet in Beijing’s Great Hall of the People on March 5 for a session that will last around two weeks. Here is an overview o... More »

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NAFTA teams set to close telecom chapter as U.S. softens stance:…

NAFTA banner is pictured inside a hotel where the seventh round of NAFTA talks involving the United States, Mexico and Canada takes place, in Mexico City, Mexico, March 1, 2018. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – NAFTA negotiators paved the way for... More »

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Trump’s steel shock drives wedge into sluggish NAFTA talks

U.S. Chief Negotiator John Melle smiles at the hotel where the seventh round of NAFTA talks takes place, in Mexico City, Mexico, March 1, 2018. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – Negotiators trying to rework the NAFTA trade deal on Thursday were hi... More »

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Earnings boost for stocks may lose luster with rising yields

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., March 1, 2018. REUTERS/Lucas Jackson NEW YORK (Reuters) – There is little doubt on Wall Street that U.S. corporate profits are on track to rise at a heal... More »

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Trump pushes Big Corn and Oil to break biofuels deadlock

FILE PHOTO: The Philadelphia Energy Solutions oil refinery is seen at sunset in front of the Philadelphia skyline in Pennysylvania, U.S., March 24, 2014. REUTERS/David M. Parrott/File Photo NEW YORK (Reuters) – U.S. President Donald Trump urged representatives... More »

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U.S. aluminum premiums hit near three-year high after U.S. flags…

A partially assembled Chevrolet 2017 Sonic is seen on the assembly line at GM’s Orion Assembly plant in Orion, Michigan, U.S., June13, 2017. REUTERS/Rebecca Cook MELBOURNE (Reuters) – Premiums for aluminum metal in the United States spiked to the highest in al... More »

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China warns Taiwan playing with fire over U.S. bill

FILE PHOTO – A demonstrator holds flags of Taiwan and the United States in support of Taiwanese President Tsai Ing-wen during an stop-over after her visit to Latin America in Burlingame, California, U.S., January 14, 2017. REUTERS/Stephen Lam BEIJING/TAIPEI (R... More »

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Transparency? Check. Results? Stay tuned. Trump TV rocks DC

Chairman, CEO and president of Nucor John Ferriola and U.S. Steel CEO Dave Burritt flank U.S. President Donald Trump as he announces that the United States will impose tariffs of 25 percent on steel imports and 10 percent on imported aluminum during a meeting ... More »

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U.S. energy industry slams Trump’s ‘job-killing’ steel tariffs

FILE PHOTO: Steel pipes for sale are displayed at a shop in the Mullae-dong steel product district in Seoul July 13, 2010. REUTERS/Jo Yong-Hak/File Photo HOUSTON/WASHINGTON (Reuters) – The U.S. oil and gas industry on Thursday slammed President Donald Trump’s ... More »

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Unhappy Canada vows to retaliate against any U.S. steel tariffs

FILE PHOTO: Canadian Foreign Minister Chrystia Freeland gives a speech during a joint news conference with Mexican Foreign Minister Luis Videgaray and U.S. Secretary of State Rex Tillerson in Mexico City, Mexico February 2, 2018. REUTERS/Henry Romero OTTAWA (R... More »

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U.S. steel, aluminum stocks up on Trump’s tariffs, but other…

A partially assembled Chevrolet 2017 Sonic is seen on the assembly line at GM’s Orion Assembly plant in Orion, Michigan, U.S., June13, 2017. REUTERS/Rebecca Cook (Reuters) – Stock prices of U.S. steel and aluminum makers rose on Thursday after President Donald... More »

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Spooked by Trump tariffs, investors see few good options

FILE PHOTO: A trader walks the floor of the New York Stock Exchange in New York, U.S., February 6, 2018. REUTERS/Brendan Mcdermid SAN FRANCISCO (Reuters) – The specter of a trade war started by U.S. President Donald Trump rattled Wall Street on Thursday and ex... More »

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U.S. renters look for last-gasp window to buy

A “For Rent” sign is posted outside a residential home in Carlsbad, California, U.S., January 18, 2017. REUTERS/Mike Blake CHICAGO (Reuters) – (The opinions expressed here are those of the author, a columnist for Reuters.) People trying to escape soaring rents... More »

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Slovak investigative journalist killed at home: report

PRAGUE (Reuters) – A Slovak investigative journalist reporting on tax fraud among businessmen connected to the country’s ruling party was shot dead at his family home over the weekend, news website Dennik N reported on Monday, citing the Interior Ministry. Axe... More »

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Germany’s Merkel vows to avoid tax increases, new debt

German Chancellor Angela Merkel addresses a Christian Democratic Union (CDU) party congress in Berlin, Germany, February 26, 2018. REUTERS/Fabrizio Bensch BERLIN (Reuters) – German Chancellor Angela Merkel on Monday appealed to fellow members of her Christian ... More »

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Industry needs consensus on new reference rate: ECB’s Coeure

FILE PHOTO: Benoit Coeure, board member of the European Central Bank (ECB), is photographed during an interview with Reuters journalists at the ECB headquarters in Frankfurt, Germany, May 17, 2017. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT (Reuters) – Europ... More »

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IMF chief calls on Indonesia to boost growth rate to absorb workers

International Monetary Fund Managing Director Christine Lagarde (L) and Indonesian President Joko Widodo leave Tanah Abang market following their visit in Jakarta, Indonesia February 26, 2018. REUTERS/Darren Whiteside JAKARTA (Reuters) – International Monetary... More »

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Trump, Australia’s Turnbull seek common ground on trade, China

U.S. President Donald Trump and Australian Prime Minister Malcolm Turnbull hold a joint news conference in the East Room of the White House in Washington, U.S., February 23, 2018. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – U.S. President Donald Trump and Au... More »

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Trump tax cut fuels record profit for Buffett’s Berkshire

FILE PHOTO: Berkshire Hathaway CEO Warren Buffett talks to reporters prior to the Berkshire annual meeting in Omaha, Nebraska, U.S., May 2, 2015. REUTERS/Rick Wilking/File Photo (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday reported a record ... More »

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U.S. volatility fund sponsor tweaks strategy after market plunge

NEW YORK (Reuters) – A company behind U.S.-based funds tied to Wall Street’s “fear gauge” is making changes to its investment strategy after a sudden market plunge this month routed traders betting on the complex instrument. Investors’ once-profitable wagers o... More »

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Norway’s sovereign wealth fund buys 245 million pounds stake in…

((This Feb. 22 story corrects paragraph 4 to clarify NBIM’s partnership with Crown Estate)) By Noor Zainab Hussain and Esha Vaish (Reuters) – The sovereign wealth fund of Norway bought a 245 million pounds ($342 million) stake in British property group Shaftes... More »

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Nippon Steel worries about U.S. trade action, yen’s surge

FILE PHOTO: A logo of Nippon Steel & Sumitomo Metal Corp is pictured outside its headquarters in Tokyo November 9, 2012. REUTERS/Yuriko Nakao/File Photo TOKYO (Reuters) – Nippon Steel & Sumitomo Metal Corp (5401.T), Japan’s biggest steelmaker, is worried that ... More »

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ECB stops all ABLV Bank payments amid U.S. corruption probe

A security guard speaks on her mobile phone at the head office of the ABLV Bank in Riga, Latvia February 18, 2018. REUTERS/Ints Kalnins FRANKFURT (Reuters) – The European Central Bank stopped all payments by Latvian lender ABLV Bank on Monday as its liquidity ... More »

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Australia, U.S., India and Japan in talks to establish Belt and…

SYDNEY (Reuters) – Australia, the United States, India and Japan are talking about establishing a joint regional infrastructure scheme as an alternative to China’s multibillion-dollar Belt and Road Initiative in an attempt to counter Beijing’s spreading influe... More »

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For timing of Aramco IPO, watch forward oil price curve

FILE PHOTO: A view shows Saudi Aramco’s Wasit Gas Plant, Saudi Arabia December 8, 2014. Saudi Aramco/Handout/File Photo via REUTERS LONDON (Reuters) – It’s the burning question in the oil industry: when will Saudi Arabia pull the trigger on the Aramco stock ma... More »

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Japan exports grow, manufacturers mood sours as yen rise clouds…

FILE PHOTO: A man sits near a cargo area at a port in Tokyo, Japan, October 20, 2015. REUTERS/Toru Hanai/File Photo TOKYO (Reuters) – Buoyant sales of cars and electronics led Japan’s exports to a 14th straight month of growth in January but manufacturers’ bus... More »

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New Zealand pushes for text of reinvigorated Trans-Pacific trade…

FILE PHOTO – New Zealand Prime Minister Jacinda Ardern smiles as she answers a question during a media conference in Sydney, Australia, November 5, 2017. REUTERS/David Gray/File photo WELLINGTON (Reuters) – New Zealand Prime Minister Jacinda Ardern said on Mon... More »