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3 weeks 4 days ago

Trump's tweets threaten Fed's independence, push rate expectations lower: study

Interest rate futures traders believe the U.S. Federal Reserve will bow to President Donald Trump's persistent tweets pressuring the central bank to lower interest rates, and this poses a "significant" risk to Fed independence, according to research released on Monday.

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3 weeks 4 days ago

Stocks sink on dismal euro zone data, dollar gains

The dollar edged higher while global shares slid on Monday as euro zone equities clocked their worst day in a month after dismal business activity readings in Europe deepened fears of a looming recession there.

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3 weeks 4 days ago

Lockheed wins NASA contract worth up to $4.6 billion

Lockheed Martin Corp has been awarded a NASA contract worth up to $4.6 billion to build Orion astronaut capsules, NASA said on Monday.

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3 weeks 4 days ago

Oil rises about 1% on concerns about return of Saudi output

Oil ended about 1% higher on Monday after a volatile trading session as traders focused on when Saudi Arabia would be able to restore full output following the Sept. 14 attack on its facilities.

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3 weeks 4 days ago

Wall Street near flat as mixed economic data signal caution

U.S. stocks barely budged on Monday, with gains in shares of Apple Inc offset by mixed economic data that added to caution over the prolonged U.S.-China trade war.

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3 weeks 4 days ago

Thomas Cook's Nordic unit to carry on after parent company's collapse

Thomas Cook's Nordic business, the Ving group, will continue operations as normal from Tuesday despite the collapse of the parent company on Monday, it said.

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3 weeks 4 days ago

GM-UAW contract talks focus on temp workers

The use of temporary workers is a key bargaining issue in negotiations between General Motors Co and the striking United Auto Workers union over a new four-year contract.

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3 weeks 4 days ago

Vivendi steps up legal fight after keeping Mediaset stake

Vivendi is taking legal action against Mediaset's plans to reshape its future after deciding to hold on to its stake in the Italian broadcaster after a deadline to sell expired.

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3 weeks 4 days ago

Honda to cease diesel vehicle sales in Europe by 2021

Honda Motor Co Ltd said on Monday it would phase out all diesel cars by 2021 in favor of models with electric propulsion systems, as the Japanese automaker moves to electrify all of its European cars by 2025.

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3 weeks 4 days ago

Fed's Bullard says prefers standing repo facility to ensure smooth markets in the future

St. Louis Federal Reserve bank president James Bullard said on Monday he would support the creation of a standing repo facility at the Fed in the "medium term" to avoid the sort of problems that developed last week in important short-term funding markets.

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