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China's growth set to slow to 6.3 percent in 2019, more stimulus seen: Reuters poll

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BEIJING (Reuters) – China’s economy is expected to cool further this year as domestic demand weakens and exports are hit by U.S. tariffs, a Reuters poll showed on Thursday, reinforcing views Beijing will need to roll out more stimulus measures. Workers unload containers from a train at Dahongmen Railway Station in Beijing, China January 14, Read More

In Papua New Guinea, Exxon's giant LNG project fuels frustration

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PORT MORESBY (Reuters) – From her red-roofed home near Papua New Guinea’s capital of Port Moresby, Isabelle Dikana Iveiri overlooks a giant plant used by Exxon Mobil Corp to liquefy billions of dollars’ worth of natural gas before it is shipped to Asian buyers. Locals walk along a small beach where a Liquefied Natural Gas Read More

BofA's loan growth drives better-than-expected profit

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(Reuters) – Bank of America Corp’s (BAC.N) quarterly profit topped analyst estimates on Wednesday as a growing loan book helped it ride out year-end market turbulence, sending the lender’s shares up more then 5 percent. A Bank of America logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith Under Chief Executive Read More

Ford sees weaker-than-expected fourth quarter, uncertainty in 2019

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DETROIT (Reuters) – Ford Motor Co (F.N) forecast a weaker fourth quarter than analysts expected, and said on Wednesday it faced uncertainty in 2019 due to trade issues and Britain’s exit from the European Union, sending its shares down 2 percent in premarket trading. FILE PHOTO: Workers prepare for the Ford Motor Company 2019 reveal Read More

Ford forecasts weaker-than-expected fourth quarter profit

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DETROIT (Reuters) – Ford Motor Co (F.N) gave a fourth-quarter earnings forecast on Wednesday that was below analysts’ expectations, sending shares down more than 2 percent in premarket trading. FILE PHOTO: Workers prepare for the Ford Motor Company 2019 reveal at the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Jonathan Read More

World stocks ride out May's Brexit defeat, pound steadies

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LONDON (Reuters) – World equity markets on Wednesday rode out the heavy parliamentary defeat for British Prime Minister Theresa May’s Brexit deal, as investors saw potential for legislative deadlock to force London to delay its departure from the EU. Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, Read More

Netflix, China boost Wall Street as investors shrug off Brexit vote

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NEW YORK (Reuters) – U.S. stocks rose on Tuesday as technology and internet stocks gained on Netflix Inc’s (NFLX.O) plans to raise fees for U.S. subscribers and hopes of more stimulus for China’s slowing economy fostered a risk-on mood among investors. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) Read More

Netflix, tech rally lift Wall Street as investors shrug off weak bank results

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(Reuters) – U.S. stocks rose on Tuesday as Netflix spurred a rally in technology and internet stocks and UnitedHealth posted strong results, while hopes of more stimulus for China’s slowing economy encouraged buying in risky assets. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January Read More

Wells Fargo revenue misses on weakness in consumer banking

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(Reuters) – Wells Fargo & Co on Tuesday reported quarterly revenue that missed analysts’ estimates, as revenue across all its banking units declined, especially at community banking, the unit at the center of its 2016 sales scandal. A Wells Fargo ATM machine is shown in Los Angeles, California, U.S. October 19, 2018. REUTERS/Mike Blake Shares Read More

Investors unnerved by company debt, shunning Europe, UK: BAML survey

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LONDON (Reuters) – Investors’ concerns about company leverage hit a ten-year high as they continued to position against the risk of a global trade war, Tuesday’s Bank of America Merrill Lynch’s January fund manager survey found. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January Read More