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Shares swoon as Beijing ramps up war of words

2 days ago DieselGasoil Comments Off on Shares swoon as Beijing ramps up war of words
LONDON (Reuters) – World share markets suffered a fresh bout of risk aversion on Friday after tough words on trade from China, while bets on a new pro-Brexit leader in Britain whipped the pound towards its worst week since October. FILE PHOTO: People walk through the lobby of the London Stock Exchange in London, Britain Read More

Asia shares shudder as Beijing talks tough

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SYDNEY (Reuters) – Asian shares suffered a fresh bout of the shakes on Friday as tough words on trade from China’s media drowned out upbeat news on the U.S. economy and corporate earnings. FILE PHOTO: People walk in front of a board displaying stock indexes in Tokyo April 22, 2015. REUTERS/Thomas Peter/File Photo Shanghai stocks Read More

China warns U.S. move against Huawei could hurt trade talks

3 days ago DieselGasoil Comments Off on China warns U.S. move against Huawei could hurt trade talks
WASHINGTON/BEIJING (Reuters) – The Trump administration’s decision to sanction and potentially cripple Chinese telecoms giant Huawei Technologies Co Ltd garnered a sharp rebuke on Thursday from Beijing, which warned that the move could damage trade talks. A Huawei logo is seen at an exhibition during the World Intelligence Congress in Tianjin, China May 16, 2019. Read More

Cold War ‘nuclear coffin’ leaking radioactive waste from US tests into Pacific Ocean – UN chief

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A massive concrete dome built during the Cold War to contain waste from US Nuclear testing has degraded and began leaking nuclear waste into the Pacific Ocean, UN Secretary General Antonio Guterres has confirmed. While the imposing structure at Enewetak Atoll in the Marshall Islands may look like something from a James Bond movie, Guterres Read More

U.S. Treasury secretary plans China visit as trade war clouds world economy

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WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Wednesday he will likely travel to China soon to continue talks as Washington and Beijing seek to resolve a trade war that has cast a pall over the global economy and financial markets. U.S. Treasury Secretary Steven Mnuchin testifies before a Senate Appropriations subcommittee on Read More

Rosneft says it is evaluating fallout from contaminated oil

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MOSCOW (Reuters) – The impact on Rosneft of oil contamination in the Druzhba pipeline will become clearer in the coming weeks as the company evaluates its consequences, its first vice-president Pavel Fedorov told a conference call on Monday. He said it was too early to make any comments on the tainted oil. Reporting by Vladimir Read More

Danske Bank picks ex-ABN banker Vogelzang as CEO to rebuild trust

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COPENHAGEN (Reuters) – Danske Bank hired ex-ABN AMRO banker Chris Vogelzang as its new chief executive on Friday as it wrestles to limit the fallout of its involvement in one of the biggest money laundering scandals. FILE PHOTO: General view of the Danske Bank building in Copenhagen, Denmark, September 27, 2018. REUTERS/Jacob Gronholt-Pedersen/File Photo Denmark’s Read More

Chernobyl nuclear fallout zone mapped by drones

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By Thomas Moore, science correspondent British scientists have used drones to create the most comprehensive radiation maps ever of the fallout zone from the Chernobyl nuclear disaster. The Red Forest, just 500 metres from the site of the reactor in the Ukraine, is one of the most radioactive places on the planet. The area is Read More

Warren Buffett defends Kraft, says Wells Fargo made ‘big mistakes’

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OMAHA, Neb. (Reuters) – Warren Buffett on Saturday signaled his commitment to Kraft Heinz Co and defended his actions toward Wells Fargo & Co, two of the largest investments at his Berkshire Hathaway Inc, despite mistakes at both that have caused many investors to sour on them. Buffett, 88, spoke before tens of thousands of Read More