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China’s farm stocks defy Sino-U.S. trade rout on local demand expectations

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SHANGHAI (Reuters) – The fresh escalation in the long-running Sino-U.S. trade dispute prompted a sharp selloff in Chinese markets last week with the yuan and banking and tech stocks hit particularly hard though some sectors, like farming, managed to outperform. FILE PHOTO: Investors look at screens showing stock information at a brokerage house in Shanghai, Read More

Trade uncertainty darkens U.S. small caps outlook

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NEW YORK (Reuters) – Shares of smaller publicly listed U.S. companies have fallen more on recent U.S.-China trade tensions than larger corporations and could face an even rougher road as the year wears on unless the prospects for economic growth improve. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) Read More

Wall St. falls as trade anxieties spike

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NEW YORK (Reuters) – Wall Street ended lower on Friday as continuing trade tensions pulled industrial and tech shares down, and the Dow capped a fourth straight week of losses in its longest weekly losing streak in three years. While all three major U.S. indexes struggled for direction for much of the session, they turned Read More

Wall Street mixed as strong consumer data dampened by trade jitters

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NEW YORK (Reuters) – Wall Street struggled for gains in an up-and-down session on Friday as mixed headlines on trade dampened positive consumer sentiment data, sending investors into the weekend with little enthusiasm. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 16, 2019. REUTERS/Brendan Read More

Factbox: IMO 2020 – a major shake-up for oil and shipping

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(Reuters) – Tougher rules on sulfur emissions from ships will come into effect next year in the biggest shake-up for the oil and shipping industries for decades. United Nations shipping agency the International Maritime Organization (IMO) met in London this week for the only Marine Environment Protection Committee (MEPC) session this year and will fine Read More

EU wheat in good shape after rain eases concerns over dry spring

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HAMBURG (Reuters) – Welcome rain in the four largest European Union wheat producers raised hopes for a good harvest this summer after a dry spring sparked fears of a repeat of last year’s drought-damaged crop, experts said on Friday. FILE PHOTO: A field of unharvested wheat is seen in Remouille, western France, July 6, 2017. Read More

Nissan retains Saikawa as CEO, in likely rebuff of Renault

3 days ago DieselGasoil Comments Off on Nissan retains Saikawa as CEO, in likely rebuff of Renault
TOKYO (Reuters) – Nissan Motor Co said on Friday that Hiroto Saikawa would stay on as chief executive, backing the protege of former boss Carlos Ghosn even as top shareholder Renault had earlier pushed for a change in the Japanese automaker’s leadership. FILE PHOTO: Nissan CEO Hiroto Saikawa attends a news conference in Yokohama, Japan, Read More

Nissan says Saikawa retained as CEO, putting focus on Renault ties

3 days ago DieselGasoil Comments Off on Nissan says Saikawa retained as CEO, putting focus on Renault ties
TOKYO (Reuters) – Nissan Motor Co said on Friday that Hiroto Saikawa would stay on as chief executive, backing the protege of former boss Carlos Ghosn even as top shareholder Renault pushed for a change in the Japanese automaker’s leadership. FILE PHOTO: Nissan CEO Hiroto Saikawa attends a news conference in Yokohama, Japan, May 14, Read More

China’s Huawei restricted from using U.S. suppliers

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WASHINGTON/NEW YORK (Reuters) – The Trump administration on Thursday officially added China’s Huawei Technologies Co Ltd to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the telecom giant to do business with U.S. companies. The logo of Huawei is seen at the high profile startups and high tech leaders gathering, Read More

Pinterest shares plummet on disappointing 2019 revenue forecast

3 days ago DieselGasoil Comments Off on Pinterest shares plummet on disappointing 2019 revenue forecast
(Reuters) – Pinterest Inc on Thursday gave an unimpressive full-year 2019 revenue forecast after first-quarter sales beat estimates in its first quarter as a publicly traded company, sending shares down 16% in extended trading. FILE PHOTO: Screens display the company logo for Pinterest Inc. during the company’s IPO on the front of the New York Read More