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December 6, 2019

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Economic News (3rd Party)

Reuters - Business

Global stocks rally, dollar gains on robust U.S. jobs data

Reuters
by Reuters00
NEW YORK (Reuters) – The dollar rose and global equity markets soared on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest recession fears and briefly taking the spotlight off contentious U.S.-China trade talks. FILE PHOTO: Traders work on the...
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Reuters - Business

Strong U.S. job growth showcases economy’s resilience

Reuters
by Reuters03
WASHINGTON (Reuters) – U.S. job growth increased by the most in 10 months in November as the healthcare industry boosted hiring and production workers at General Motors (GM.N) returned to work after a strike, the strongest sign yet the economy is in no danger of stalling. The unemployment rate ticked...
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Reuters - Business

Trump will make final call on China tariffs, likes direction of talks: Kudlow

Reuters
by Reuters04
WASHINGTON (Reuters) – Top White House economic adviser Larry Kudlow said on Friday that a Dec. 15 deadline is still in place to impose a new round of U.S. tariffs on Chinese consumer goods, but President Donald Trump likes where trade talks with China are going. FILE PHOTO: Director of...
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Reuters - Business

Stocks rally, dollar gains on robust U.S. jobs data

Reuters
by Reuters04
NEW YORK (Reuters) – The dollar rose and global equity markets rallied on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest fears of recession and briefly taking the spotlight off the U.S.-China trade talks. FILE PHOTO: Traders work on...
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Reuters - Business

Instant View: U.S. Nov payrolls up by most in 10 months

Reuters
by Reuters06
(Reuters) – U.S. job growth increased by the most in 10 months in November as former striking workers returned to General Motors’ (GM.N) payrolls and the healthcare industry stepped up hiring, confirming that the economy remained on a moderate expansion path despite a prolonged manufacturing slump. FILE PHOTO: Work crews...
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Reuters - Business

Japan launches $122 billion stimulus to fight trade risks, post-Olympic slump

Reuters
by Reuters013
TOKYO (Reuters) – Japan’s cabinet approved a $122 billion fiscal package on Thursday to support stalling growth in the world’s third-largest economy amid offshore risks and as policymakers look to sustain activity beyond the 2020 Tokyo Olympics. FILE PHOTO: Japan’s Prime Minister Shinzo Abe speaks at the ASEAN-Japan Summit in...
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Reuters - Business

Graphic: Gazing into the recession crystal ball

Reuters
by Reuters04
NEW YORK (Reuters) – The protracted trade war between China and the United States and a deteriorating global growth outlook have left investors nervous that the longest expansion in American history is at risk of ending. FILE PHOTO: Shipping containers are loaded onto a ship at Yusen Terminals (YTI) on...
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Reuters - Business

Stocks rally on renewed trade talk optimism, yields rise

Reuters
by Reuters03
NEW YORK (Reuters) – Government debt yields and a gauge of global equity markets rose on Wednesday as sentiment improved after U.S. President Donald Trump said trade talks with China were going “very well” and a news report suggested key differences were being ironed out. FILE PHOTO: The German share...
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Reuters - Business

China capex growth hits three-year low as weak economy, trade war drag

Reuters
by Reuters08
BENGALURU/SHANGHAI (Reuters) – Capital investment by Chinese firms has ground to its slowest pace in three years, as a weakening economy, tight credit and prolonged trade war with the United States dent sales growth and cash reserves, a Reuters analysis showed. FILE PHOTO: A man walks on the bund in...
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Reuters - Business

Proper U.S.-China trade deal more important than timing: Wilbur Ross

Reuters
by Reuters04
(Reuters) – U.S. Commerce Secretary Wilbur Ross on Tuesday said it was more important to get a proper trade agreement with China than to get the deal done by this December or next December – after the 2020 presidential election. Ross told Reuters in an interview that the world’s two...
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Reuters - Business

Exclusive: White House considered kicking Huawei out of U.S. banking system: sources

Reuters
by Reuters06
WASHINGTON (Reuters) – The Trump administration considered banning China’s Huawei from the U.S. financial system earlier this year as part of a host of policy options to thwart the blacklisted telecoms equipment giant, according to three people familiar with the matter. FILE PHOTO: A Huawei company logo is pictured at...
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Reuters - Business

Daimler cost cuts to hit Germany hardest – Stuttgarter Zeitung

Reuters
by Reuters08
FILE PHOTO: A diesel engine is pictured at the Daimler annual shareholder meeting in Berlin, Germany, May 22, 2019. REUTERS/Hannibal Hanschke FRANKFURT (Reuters) – Daimler’s (DAIGn.DE) workforce in Germany will bear the brunt of 1.4 billion euros ($1.5 billion) in cost cuts planned by the end of 2022, the head...
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Reuters - Business

Hong Kong leader warns U.S. law will hurt business confidence, promises economic relief

Reuters
by Reuters04
HONG KONG (Reuters) – Hong Kong leader Carrie Lam said on Tuesday U.S. legislation supporting protesters may damage business confidence in the financial hub, as she announced a fourth round of relief measures to boost the city’s battered economy. FILE PHOTO: Hong Kong Chief Executive Carrie Lam is seen before...
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Reuters - Business

Dollar, stocks slide on Trump tweets, dour PMI data

Reuters
by Reuters08
NEW YORK (Reuters) – The dollar and global stock markets fell on Monday after U.S. President Donald Trump said he would restore tariffs on some imports from Brazil and Argentina, with losses exacerbated by a slide in new U.S. factory orders in November to their lowest since 2012. European shares...
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Reuters - Business

China’s Nov factory activity unexpectedly expands at quickest pace in almost three years – Caixin PMI

Reuters
by Reuters08
BEIJING (Reuters) – China’s factory activity unexpectedly expanded at the quickest pace in almost three years in November, with solid increases in output and new orders, a private business survey showed on Monday. FILE PHOTO: Workers direct a crane lifting ductile iron pipes for export at a port in Lianyungang,...
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Reuters - Business

China’s Nov factory activity unexpectedly expands at quickest pace in almost three years – Caixin PMI

Reuters
by Reuters07
BEIJING (Reuters) – China’s factory activity unexpectedly expanded at the quickest pace in almost three years in November, with solid increases in output and new orders, a private business survey showed on Monday. FILE PHOTO: Workers direct a crane lifting ductile iron pipes for export at a port in Lianyungang,...
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Reuters - Business

China’s factory activity unexpectedly returns to growth in November

Reuters
by Reuters014
BEIJING (Reuters) – Factory activity in China unexpectedly returned to growth in November for the first time in seven months, as domestic demand picked up on Beijing’s accelerated stimulus measures to steady growth. FILE PHOTO: An employee works at the production line of aluminium rolls at a factory in Zouping,...
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Reuters - Business

China November factory activity unexpectedly returns to growth

Reuters
by Reuters015
BEIJING (Reuters) – Factory activity in China unexpectedly returned to growth in November for the first time in seven months, as domestic demand picked up on Beijing’s accelerated stimulus measures to steady growth. FILE PHOTO: An employee works at the production line of aluminium rolls at a factory in Zouping,...
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Reuters - Business

Exclusive: U.S. weighs new regulations to further restrict Huawei suppliers – sources

Reuters
by Reuters09
WASHINGTON (Reuters) – The U.S. government may expand its power to stop more foreign shipments of products with U.S. technology to China’s Huawei, amid frustration the company’s blacklisting has failed to cut off supplies to the world’s largest telecoms equipment maker, two sources said. The U.S. Commerce Department in May...
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