Wall Street rises modestly on Walmart bump

NEW YORK (Reuters) – U.S. stocks gained ground on Tuesday as upbeat results from Walmart boosted investor sentiment and high-level U.S.-China trade talks resumed in Washington. All three major U.S. equity indexes closed higher, with the Nasdaq ending its seventh consecutive day in the black. Stocks have recovered broadly from their year-end selloff, with the […]

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Gold hits 10-month peak on growth worries; dollar slips

NEW YORK (Reuters) – Gold prices rose to a 10-month high on Tuesday as concerns over a global economic slowdown spurred a safe-haven bid and were also supported by a weaker U.S. dollar, which fell on optimism for a breakthrough in U.S.-China trade talks. FILE PHOTO: Gold bullion is displayed at Hatton Garden Metals precious […]

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Netflix Toronto production hub to create 1,850 jobs annually

FILE PHOTO – The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson/File Photo GLOBAL BUSINESS WEEK AHEAD TORONTO (Reuters) – Netflix Inc said on Tuesday it is creating a production hub with two studios in Toronto that is expected to create 1,850 jobs per year. […]

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German government unlikely to make quick decision on Huawei: source

FILE PHOTO: The Huawei logo is pictured outside their research facility in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie/File Photo BERLIN (Reuters) – The German government will probably not take a quick decision on whether to allow China’s Huawei to build Germany’s 5G network, a government source said on Tuesday. “There will probably not […]

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Global shares slip from four-month high, Swedish crown slumps

LONDON (Reuters) – European and Asian shares hovered near four-month highs on Tuesday as investors took heart from some progress in Sino-U.S. trade talks, while the yen dribbled lower as Japan’s central bank said it could ease policy again. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, […]

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Honda says to hold news conference, after news of UK factory closure

Members of media stand outside the Honda car plant in Swindon, Britain, February 18, 2019. REUTERS/Eddie Keogh TOKYO (Reuters) – Honda Motor said on Tuesday it will hold a news conference at 0800 GMT, a day after a British lawmaker said the Japanese car maker will announce the closure of its only British factory, in […]

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Honda to shut UK car plant in 2022 with the loss of 3,500 jobs

LONDON (Reuters) – Japanese car maker Honda is set to announce it’s closing its only British car plant in 2022 with the loss of 3,500 jobs, a lawmaker told Reuters, in the latest blow to the UK car industry as Brexit approaches. A closure of Honda’s Swindon factory in southern England would be its second […]

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Asian shares hover near four-month high, buoyed by trade optimism

TOKYO (Reuters) – Asian shares hovered near a four-month peak on Tuesday, supported by hopes that Sino-U.S. trade talks were making positive progress and expectations of policy stimulus from central banks. FILE PHOTO: Pedestrians are reflected on an electronic board showing stock prices outside a brokerage in Tokyo, Japan December 27, 2018. REUTERS/Kim Kyung-Hoon While […]

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Auto industry lines up against possible U.S. tariffs

WASHINGTON (Reuters) – The U.S. auto industry urged President Donald Trump’s administration on Monday not to saddle imported cars and auto parts with steep tariffs, after the U.S. Commerce Department sent a confidential report to the White House late on Sunday with its recommendations for how to proceed. Some trade organizations also blasted the Commerce […]

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Papa John’s founder Schnatter says he welcomes hedge fund Starboard

NEW YORK (Reuters) – Papa John’s International Inc founder John Schnatter welcomes hedge fund Starboard Value LP’s investment in the pizza restaurant chain, his lawyer said, even as he filed an updated lawsuit on Monday against the company. FILE PHOTO: John Schnatter (R), founder and chief executive of Papa John’s Pizza, arrives at the 2011 […]

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