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Wall St. slides as Huawei fallout hits tech shares

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NEW YORK (Reuters) – U.S. stocks slid on Monday as the White House’s restrictions on Chinese telecoms equipment maker Huawei Technologies Co Ltd weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United States and China. Since the White House added Huawei to a trade blacklist Read More

U.S. Administration lifts Section 232 steel tariffs on Canada and Mexico, API responds

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5/20/2019 WASHINGTON — API released the following statement on the Administration’s decision to lift tariffs on steel and aluminum imports under Section 232 on Canada and Mexico: “We applaud the Administration for reaching an agreement with Canada and Mexico to lift the 25% steel tariffs and not replace them with harmful quotas that would stifle Read More

UK firms likely to scrap planned investment on a no-deal Brexit: BoE’s Broadbent

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LONDON (Reuters) – British companies are likely to cancel projects that they have put on hold because of Brexit uncertainty if the country leaves the European Union without a deal to smooth the shock, Bank of England Deputy Governor Ben Broadbent said on Monday. FILE PHOTO: The Canary Wharf financial district is seen at dusk Read More

Wall St. pressured as Huawei fallout worries spark tech sell-off

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(Reuters) – U.S. stocks dropped on Monday, as Washington’s restrictions on China’s Huawei Technologies stoked fears about a hit to the broader technology sector and ratcheted up trade tensions between the world’s two largest economies. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 20, 2019. REUTERS/Brendan Read More

Tesla stock and bonds tumble as investors fret about costs and safety

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SAN FRANCISCO (Reuters) – Tesla’s stock and bonds tumbled on Monday as investors worried about the automaker’s cash burn and problems with an Autopilot system that CEO Elon Musk has held out as key to the electric car maker’s future. FILE PHOTO: People visit a Tesla booth during the media day for the Shanghai auto Read More

UK firms likely to cancel investments after a no-deal Brexit: BoE’s Broadbent

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FILE PHOTO: The Canary Wharf financial district is seen at dusk in London, Britain, March 26, 2019. REUTERS/Marika Kochiashvili/File Photo LONDON (Reuters) – British companies are likely to cancel projects that they have put on hold because of uncertainty about Brexit if the country leaves the European Union without a deal to smooth the shock, Read More

Democratic hopeful Bennet unveils climate plan with farm, conservation focus

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WASHINGTON (Reuters) – U.S. Senator Michael Bennet, a 2020 Democratic presidential contender, unveiled a plan on Monday to tackle climate change with a focus on slashing emissions from farming and ranching and conserving nearly a third of U.S. lands. FILE PHOTO: U.S. Senator Michael Bennet (D-CO) speaks at the North America’s Building Trades Unions (NABTU) Read More

India’s stocks flying high as PM Modi is set to secure second term

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Benchmark Indian indices have closed with gains and came close to their all-time highs after exit polls showed that the country’s ruling alliance led by Prime Minister Narendra Modi’s party is likely to win the general election. Both S&P BSE Sensex and the NSE Nifty 50 were up more than three percent as of Monday’s Read More

PDC Energy President & CEO Bart Brookman Mails Letter to Shareholders

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Reflects on PDC’s Strong Operational and Financial Performance, and Kimmeridge’s Deeply Conflicted Efforts to Replace Directors on the PDC Board with Less Qualified Candidates Urges Shareholders to Vote “FOR” All Three of Company’s Nominees on the WHITE Proxy Card DENVER, May 20, 2019 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or “the Company”) (Nasdaq: PDCE) Read More

Carrefour considers sale of stake in China business: sources

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(This May 17 story has been refiled to fix dateline) FILE PHOTO: The logo of Carrefour on shopping trolleys at a Carrefour Hypermarket store in Toulouse, France, March 20, 2019. REUTERS/Regis Duvignau/File Photo HONG KONG/PARIS/FRANKFURT (Reuters) – Carrefour, Europe largest retailer, is exploring the sale of a minority stake in its loss-making business in China Read More