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UK factories see inventories up, exports down, as Brexit nears – PMI

LONDON, Dec 3 (Reuters) – – The approach of Brexit was felt in Britain’s factories in November as companies stocked up on parts to counter any border delays and exports suffered a rare back-to-back fall, a survey showed on Monday. FILE PHOTO: A worker examines an aluminium component inside the factory of precision engineering company […]

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Retailer Ted Baker to investigate company ‘culture of hugs’

FILE PHOTO: Ted Baker goods are displayed in a store in London, Britain October 06, 2015. REUTERS/Neil Hall/File Photo (Reuters) – British fashion chain Ted Baker (TED.L) said it would investigate claims against chief executive and founder Ray Kelvin relating to his habit of hugging business colleagues. An online campaign claiming to represent over 200 […]

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Trump says China to cut tariffs on U.S.-made autos after trade war truce

WASHINGTON/BEIJING (Reuters) – China has agreed to “reduce and remove” tariffs below the 40 percent level that Beijing is currently charging on U.S.-made vehicles, U.S. President Donald Trump said, as a trade war truce between the two countries gathers pace, cheering markets. U.S. President Donald Trump and Chinese President Xi Jinping attend a working dinner […]

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Spanish Socialists’ hold on Andalusia shaky after Ciudadanos rejects coalition

Supporters of Spain’s far-right VOX party celebrate results after the Andalusian regional elections in Seville, Spain December 2, 2018. REUTERS/Marcelo Del Pozo MADRID (Reuters) – Prime Minister Pedro Sanchez’s Socialists may lose control of the southern Spanish region of Andalusia after the centre-right Ciudadanos party on Monday ruled out any coalition with them after an […]

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Shell sets carbon cutting targets after investor pressure

LONDON (Reuters) – Royal Dutch Shell (RDSa.AS) caved in to growing investor pressure over climate change on Monday with plans to set short-term targets for reducing its carbon footprint. FILE PHOTO: A diesel fuel nozzle is seen attached to a car at a Shell petrol station in Berlin, Germany October 22, 2018. REUTERS/Fabrizio Bensch/File Photo […]

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Trade war truce triggers surge in European shares

LONDON (Reuters) – Miners, autos, tech, and oil stocks all surged on Monday, driving Europe’s main benchmarks up strongly after U.S. and Chinese leaders agreed a temporary truce in an ongoing trade war which has roiled global financial markets. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in […]

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UK government will not pull December 11 Brexit deal vote, minister says

Britain’s Home Secretary Sajid Javid arrives in Downing Street, London, Britain, November 13, 2018. REUTERS/Peter Nicholls LONDON (Reuters) – Next week’s parliamentary vote on British Prime Minister Theresa May’s deal will go ahead, interior minister Sajid Javid said on Monday, rejecting media speculation that the government might not go ahead with the vote because they […]

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Qatar to withdraw from OPEC and focus on gas exports

DOHA (Reuters) – Qatar said on Monday it was quitting OPEC from January 2019 but would attend the oil exporter group’s meeting this week, saying the decision meant Doha could focus on cementing its position as the world’s top liquefied natural gas (LNG) exporter. FILE PHOTO: The logo of the Organization of the Petroleoum Exporting […]

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Andalusia Ciudadanos candidate rules out coalition with socialists

Supporters of Spain’s far-right VOX party celebrate results after the Andalusian regional elections in Seville, Spain December 2, 2018. REUTERS/Marcelo Del Pozo MADRID (Reuters) – The candidate for the market friendly Ciudadanos party in the southern Spanish region of Andalusia Juan Marin on Monday ruled out any coalition with the Socialists after an election on […]

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Trump says China to cut tariffs on U.S.-made cars in potential lift for Tesla, BMW

WASHINGTON/SHANGHAI (Reuters) – U.S. President Donald Trump said on Sunday that China had agreed to cut import tariffs on American-made cars, a potential boon for automakers including Tesla Inc (TSLA.O) and BMW (BMWG.DE) who manufacture in the United States for export to China. FILE PHOTO: A man finishes to charge his Tesla car at a […]

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Qatar to withdraw from OPEC as of January 2019 – minister

FILE PHOTO: A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen during a meeting of OPEC and non-OPEC producing countries in Vienna, Austria September 22, 2017. REUTERS/Leonhard Foeger DOHA (Reuters) – Qatar is withdrawing from the Organization of the Petroleum Exporting Countries (OPEC) as of January 2019, Saad al-Kaabi, the […]

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Qatar to withdraw from OPEC as of January 2019 – minister

FILE PHOTO: A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen during a meeting of OPEC and non-OPEC producing countries in Vienna, Austria September 22, 2017. REUTERS/Leonhard Foeger DOHA (Reuters) – Qatar is withdrawing from the Organization of the Petroleum Exporting Countries (OPEC) as of January 2019, Saad al-Kaabi, the […]

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Coalition allows evacuation of wounded Houthis before Sweden hosts Yemen talks

DUBAI (Reuters) – The Saudi-led coalition said it approved evacuating wounded Houthi fighters for treatment on Monday, meeting a key condition for the group to attend U.N.-sponsored peace talks in Sweden this week aimed at ending Yemen’s nearly four-year-old war. A view of the old quarter of Sanaa, Yemen November 14, 2018. REUTERS/Mohamed al-Sayaghi Prospects […]

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Asian shares, oil soar on Sino-U.S. trade truce

SYDNEY/TOKYO (Reuters) – Asian shares rallied on Monday after U.S. and Chinese leaders brokered a truce in their trade conflict, a relief for the global economic outlook and a tonic for emerging markets and battered oil prices. FILE PHOTO: An investor watches a board showing stock information at a brokerage office in Beijing, China October […]

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Trump says China to cut tariffs on U.S.-made autos after trade war truce

WASHINGTON/BEIJING (Reuters) – China has agreed to “reduce and remove” tariffs below the 40 percent level that Beijing is currently charging on U.S.-made vehicles, U.S. President Donald Trump said, as a trade war truce between the two countries gathers pace, cheering markets. U.S. President Donald Trump and Chinese President Xi Jinping attend a working dinner […]

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Trump says China has agreed to cut tariffs on U.S.-made autos

FILE PHOTO: U.S. President Donald Trump and China’s President Xi Jinping arrive at a state dinner at the Great Hall of the People in Beijing, China, November 9, 2017. REUTERS/Thomas Peter WASHINGTON (Reuters) – U.S. President Donald Trump said on Sunday that China had agreed to “reduce and remove” tariffs on U.S. cars below the […]

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Factbox – Contrasting Chinese, U.S. statements on trade war agreement

(Reuters) – China and the United States agreed on Saturday to a truce in their trade war following talks between Chinese President Xi Jinping and U.S. President Donald Trump on the sidelines of the G20 summit in Argentina. FILE PHOTO: Chinese and U.S. flags are set up for a signing ceremony during a visit by […]

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China media welcomes U.S. trade truce, markets surge

BEIJING/SHANGHAI (Reuters) – Chinese state media gave a cautious welcome on Monday to the trade war truce agreed by China and the United States at the weekend, as Chinese shares, commodities and the yuan currency surged even as uncertainly remains about the deal. U.S. President Donald Trump and Chinese President Xi Jinping attend a working […]

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Chinese media cautiously welcomes U.S. trade truce

BEIJING/SHANGHAI (Reuters) – The trade war truce agreed by China and the United States at the weekend could help them resolve their differences amicably, but lasting improvements in relations will depend on U.S. “sincerity”, Chinese state media said on Monday. FILE PHOTO: Buildings are seen from China Central Radio and Television Tower (CCTV Tower) on […]

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Asian shares rally on Sino-U.S. trade truce, oil bounces

SYDNEY (Reuters) – Asian shares rallied on Monday after U.S. and Chinese leaders brokered a truce in their trade conflict, a relief for the global economic outlook and a tonic for emerging markets. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 6, 2018. REUTERS/Toru Hanai […]