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For Fed, sell-off could point to fading Trump stimulus

NEW YORK/BATON ROUGE, La. (Reuters) – A three-week stock market sell-off may signal concerns that the massive stimulus from U.S. tax cuts and government spending will fade sooner than expected, a central issue for the Federal Reserve as it considers when to halt interest rate hikes. U.S. Federal Reserve Chairman ...

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Instant View: Wall Street shares resume tumble

NEW YORK (Reuters) – Wall Street stocks tumbled more than 2 percent on Tuesday as disappointing forecasts from industrial bellwethers Caterpillar and 3M piled on to concerns over Saudi Arabia’s diplomatic isolation, Italy’s finances and trade-war fears. Traders work on the floor of the New York Stock Exchange (NYSE) in ...

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Shares sink toward one-year low as bears bite again

LONDON (Reuters) – An ugly start to European trading pushed world shares towards their lowest level in a year on Tuesday, as negative drivers from Saudi Arabia’s diplomatic isolation to worries about Italy’s finances and trade wars piled on the pressure. The German share price index DAX graph is pictured ...

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Italy relief, China stimulus hopes lift global stocks

LONDON (Reuters) – European shares gained on Monday amid relief over Italy’s budget, following rallies in Asia after China promised to provide stimulus to stabilize its economy and offset the impact of U.S. tariffs. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, ...

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Japan to tell Facebook to improve data protection: Kyodo

TOKYO (Reuters) – The Japanese government is set to tell Facebook Inc (FB.O) to better protect its users’ personal data after a leak involving British firm Cambridge Analytica that affected 87 million users globally, Kyodo News reported on Monday. The logo of Facebook is pictured during the Viva Tech start-up ...

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Bombardier sues Mitsubishi jet program over trade secrets

(Reuters) – Canadian airplane maker Bombardier Inc (BBDb.TO) has sued the aircraft unit of Japan’s Mitsubishi Heavy Industries Ltd (7011.T), saying former Bombardier employees passed on trade secrets to help Mitsubishi’s oft-delayed regional jet project. FILE PHOTO: A Bombardier logo is pictured during the European Business Aviation Convention & Exhibition ...

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MUFG says bank’s CEO will not attend Saudi conference

TOKYO (Reuters) – The CEO of Mitsubishi UFJ Financial Group’s banking arm will not attend the Future Investment Initiative conference in Saudi Arabia, the group said on Sunday, joining a growing list of business executives to withdraw over concern about the death of journalist Jamal Khashoggi. FILE PHOTO: Deputy President ...

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