Stocks gain on U.S.-China trade hopes, dollar flat

NEW YORK (Reuters) – Global equity markets gained and the dollar held steady on Thursday ahead of the G20 summit where a scheduled meeting of U.S. President Donald Trump and Chinese President Xi Jinping has stirred hopes that trade tensions could ease. White House economic adviser Larry Kudlow told Fox News there were no preconditions and nothing was agreed before […]

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Global stocks drop on fears of expanding trade war

NEW YORK (Reuters) – Global equities tumbled and safe-haven sovereign bonds surged Friday after U.S. President Donald Trump’s unexpected threat of tariffs on Mexican goods added to fears that escalating trade wars will push the U.S. and other major economies into recession. The yield on Germany’s 10-year government bond – regarded as one of the safest assets in the world […]

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Record highs set by Nasdaq, S&P 500 on upbeat earnings, oil gains

NEW YORK (Reuters) – Global equity markets rallied on Tuesday, with the Nasdaq and S&P 500 indexes setting record closing highs on Wall Street, while European energy shares posted their biggest daily gain since January as crude prices surged. U.S. stocks soared on upbeat results from Twitter Inc, Coca-Cola Co, United Technologies Corp and Lockheed Martin Corp, which eased fears […]

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Gold Futures End Higher As Dollar, Equities Slide

Gold prices moved higher on Friday, with investors seeking the safe haven asset, after equities tumbled on disappointing economic data out of the U.S. and China and on lingering uncertainty about U.S.-China trade negotiations and Brexit. The U.S. dollar lost strength and the dollar index dropped to a low of 97.25. It was last seen hovering around 97.30, down more […]

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World stocks edge higher ahead of trade talks, Brexit

NEW YORK (Reuters) – Stock markets globally inched higher on Monday after China struck an upbeat tone as trade talks between the United States and Beijing resumed, though worries remained over the fate of Brexit. On Wall Street, the Dow Jones Industrial Average fell 53.22 points, or 0.21 percent, to 25,053.11, the S&P 500 gained 1.92 points, or 0.07 percent, […]

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Newspaper drops 'Non Sequitur' cartoon over Trump insult

At least one newspaper says it has dropped the syndicated cartoon "Non Sequitur" after a vulgar message to President Donald Trump appeared in it. The Butler Eagle in Pennsylvania reported Sunday that the "shot at President Donald Trump" will cost cartoonist Wiley Miller "his place in the Eagle's Sunday comics." Continue Reading Below A scribbled message in one panel of […]

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China sets yuan mid-point at weakest level since 2008

SHANGHAI (Reuters) – China’s central bank set its official yuan midpoint to the lowest level in over a decade on Tuesday, as the local currency remained on the back foot on worries over slower growth at home and talk of further falls in coming months. The official yuan midpoint CNY=PBOC was fixed at 6.9574 per dollar on Tuesday, 197 pips, […]

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China stocks end higher, yuan gains on hopes of fresh trade talks

SHANGHAI (Reuters) – China’s yuan strengthened on Thursday and its stock market rallied after an uncertain start, buoyed by an invitation from the Trump administration to Chinese officials to restart trade talks. FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration/File PhotoThe benchmark Shanghai Composite index .SSEC ended 1.1 percent higher at […]

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Rouble under pressure from new U.S. sanctions on Moscow

MOSCOW (Reuters) – The Russian ruble fell toward its lowest levels since 2016 in early trade on Monday as support from month-end tax payments faded, giving way to pressure from new U.S. sanctions against Moscow. FILE PHOTO: A cashier holds new 200 rouble banknotes in a bank in Moscow, Russia November 21, 2017. REUTERS/Maxim Shemetov The ruble shed 0.5 percent […]

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Kremlin plays down ruble drop, says Russian economy and finances…

MOSCOW (Reuters) – Kremlin spokesman Dmitry Peskov on Friday played down a sharp fall in the ruble, saying there was a “certain volatility” in the market but that Russia’s economic and financial systems were entirely stable. FILE PHOTO: Kremlin spokesman Dmitry Peskov attends a meeting of Russian President Vladimir Putin with Qatar’s Emir Sheikh Tamim bin Hamad al-Thani at the […]

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