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Lower production by Coal India spurs trend; coking coal registers decline India’s thermal coal imports rose 12.6% to nearly 200 million tonnes in 2019, government data reviewed by Reuters showed, reflecting the second straight year of growth in shipments of the fuel despite attempts by the government to cut imports. Coal is among the top five commodities imported by India, […]
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Ministry marks 21 products wherein India can grab part of China’s market share In the wake of the COVID-19 outbreak, the Centre has identified 21 agricultural products, including honey, potatoes, grapes, soya beans and groundnuts, in which Indian exports could benefit from trade restrictions against Chinese goods. The total value of China’s global exports of these products amounted to $5488.6 […]
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Best Buy Co Inc. gave fiscal first-quarter and full-year guidance on Thursday that takes into account the coronavirus epidemic’s impact on the consumer electronics retailer’s supply chain. Best Buy BBY, -4.35% forecasts that most of the impact from the coronavirus will happen during the first half of the year. “Therefore, we view this as a relatively short-term disruption that does […]
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This common email phishing scam just caught a Shark. “Shark Tank” star and real estate mogul Barbara Corcoran revealed Wednesday that she lost almost $400,000 after scammers tricked her bookkeeper by sending a bill that appeared to come from her assistant. “Lesson learned: Be careful when you wire money!” Corcoran tweeted on Wednesday. She also confirmed to ABC News that, […]
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Now that Microsoft Corp., the world’s most valuable tech company, warned investors on Wednesday that it will not meet its recent guidance for its personal-computing business because of the impact of the coronavirus on the supply chain, the rest of the PC universe will likely follow suit. The supply chain in China “is returning to normal operations at a slower […]
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NEW YORK — MSNBC’s Chris Matthews apologized Monday to Bernie Sanders for comparing the Democratic senator’s win in the Nevada caucus to the Nazi takeover of France. Matthews’ self-described “bad” analogy deepened the discontent that the presidential candidate and his supporters have been feeling lately toward the cable network, one that is usually friendly territory for liberals. “Sen. Sanders, I’m […]
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Hollywood mogul Harvey Weinstein was found guilty of rape in the third degree and criminal sexual acts in the first degree on Monday — but was acquitted of the most serious charges of predatory sexual assault, which could have resulted in a lifelong prison sentence. He could still be sent to prison for decades. The mixed verdict drew mixed reactions […]
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Shares of theme park operator Six Flags Entertainment Corp. slid 18% Thursday to put them on track for a seven-year low, after the company swung to a surprise fourth-quarter loss, offered downbeat guidance and cut its dividend. More than 7 million shares SIX, +2.32% had changed hands by early afternoon, about 4.6 times the 65-day average volume, as investors responded to […]
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Consumer Reports had a couple of twists in its 2020 top-car list: It ranked them by price, rather than by model type, and focused on safety features to offer its picks. Japanese car maker Toyota Motor Corp. TM, +1.05%7203, +2.77% had four of its vehicles among the nonprofit’s top 10 best autos for the third straight year. Those included the Toyota […]
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Groupon Inc. shares slid 43% Wednesday and Blue Apron Inc. was down 22%, after far weaker-than-expected earnings from both companies revived concerns about the sustainability of their business models. Groupon’s GRPN, +2.65% decline marked the biggest one-day selloff since its 2011 IPO and came in heavy volume of 119 million shares that made it the most actively traded stock on U.S. […]
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