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July 10, 2020

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World stock markets slip on second wave virus fears, safe-havens rise

Reuters
by Reuters032
NEW YORK/LONDON (Reuters) – Global stock markets fell on Thursday as a continued rise in the number of coronavirus cases dashed hopes of a swift recovery from the pandemic-induced economic slump and drove demand for safe-haven currencies such as the dollar and Japanese yen. Traders wear masks as they work......
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Vans, not glamorous, but key as EU weighs autos mega-merger

Reuters
by Reuters017
MILAN/PARIS (Reuters) – Their silhouettes don’t stir dreams of adventure like a sports car or trendy SUV, but vans are a rare source of profit for European carmakers, which is why EU regulators are focused on them as they decide whether to back an industry mega-merger. FILE PHOTO: A Peugeot......
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Stocks drift as second wave virus fears mount

Reuters
by Reuters017
LONDON/TOKYO (Reuters) – Global stocks drifted on Thursday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic. FILE PHOTO: A street cleaning operative walks past the London Stock Exchange Group building in the City of London financial district,......
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Coronavirus second wave fears boost yen; Aussie dollar falls after data

Reuters
by Reuters013
LONDON (Reuters) – The Japanese yen strengthened slightly on Thursday as growing concerns about a rise in new coronavirus cases underpinned safe-haven demand for the currency, while the U.S. dollar was little changed versus the euro. FILE PHOTO: Japan Yen and U.S. Dollar notes are seen in this June 22,......
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Special delivery: activists urge France to rein in Amazon

Reuters
by Reuters026
FILE PHOTO: People walk past a protest sign “Stop Amazon” during a demonstration by climate activists near the Bercy Finance Ministry in Paris, France, June 17, 2020. REUTERS/Gonzalo Fuentes PARIS (Reuters) – Environmental campaigners delivered a 12-foot (3.6-metre) tall mock-up of an Amazon parcel to the French finance ministry on......
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Stocks grind higher on recovery hopes

Reuters
by Reuters014
LONDON/SYDNEY (Reuters) – Europe’s shares added to their best gains in almost a month as safety plays lost their lustre on Wednesday, with hopes of a rapid economic recovery standing firm against a resurgence of global coronavirus cases. FILE PHOTO: Pedestrians leave and enter the London Stock Exchange in London,......
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Dollar treads water on Fed views, geopolitics

Reuters
by Reuters012
LONDON (Reuters) – The dollar was little changed on Wednesday after U.S. retail sales rose more than expected in May, although caution kept investors from aggressively buying riskier currencies like the Australian dollar. FILE PHOTO: U.S. Dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose Luis......
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Asian stocks set to rise as drug trials, data push Wall Street higher

Reuters
by Reuters015
WASHINGTON (Reuters) – Asian stocks were set to climb on Wednesday after another late Wall Street surge in response to upbeat trial results for a COVID-19 treatment and data showing U.S. consumers spent big in May. FILE PHOTO: A man wearing a protective face mask, following the coronavirus disease (COVID-19)......
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Stimulus splurge restarts stocks rally

Reuters
by Reuters020
LONDON (Reuters) – The global stocks rally was back on track on Tuesday, with more support from the Federal Reserve and the Bank of Japan helping end a bumpy few days for financial markets. FILE PHOTO: A man wearing a protective face mask walks past the London Stock Exchange Group......
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Reuters - Business

Global stocks jump on Fed support, easing second wave fears

Reuters
by Reuters014
TOKYO/HONG KONG (Reuters) – Asian shares rallied and the dollar fell on Tuesday as risk appetite was bolstered by the formal start of the Federal Reserve’s corporate bond buying programme, and earlier worries about a second wave of coronavirus infections eased. A man wearing a protective face mask, following the......
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Reuters - Business

Carmaker PSA cuts back on transfer of Polish workers to French plant

Reuters
by Reuters014
FILE PHOTO: The logo of French car manufacturer Peugeot is seen at the 33th Auto Zurich Car Show in Zurich, Switzerland, Oct. 31, 2019. REUTERS/Arnd Wiegmann/File Photo PARIS (Reuters) – France’s PSA (PEUP.PA), the maker of Peugeot cars, on Monday said it would only transfer a small group of Polish......
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Reuters - Business

Take Five: Pump it up

Reuters
by Reuters019
(Reuters) – 1/ROBINHOOD AND THE MERRY TRADERS FILE PHOTO: Traders arrive for work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. REUTERS/Brendan......
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Reuters - Business

EU regulators to decide on Alstom, Bombardier deal by July 16

Reuters
by Reuters030
FILE PHOTO: A worker walks in front of a Bombardier advertising board at the SBB CFF Swiss railway train station in Bern, Switzerland, October 24, 2019. REUTERS/Denis Balibouse BRUSSELS (Reuters) – EU antitrust regulators have set a July 16 deadline for a decision on whether to clear French TGV high-speed......
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Reuters - Business

Asia stocks slide as coronavirus fears return

Reuters
by Reuters024
TOKYO (Reuters) – Asian shares fell sharply on Friday and oil prices extended losses on growing concerns that a resurgence of coronavirus infections could stunt the pace of recovery in economies reopening from lockdowns, or even lead to fresh restrictions. FILE PHOTO: Visitors look at a stock quotation board at......
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Reuters - Business

Asian shares, oil slump as coronavirus fears take hold

Reuters
by Reuters025
TOKYO/NEW YORK (Reuters) – Asian shares fell sharply on Friday after Wall Street and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of recovery in economies reopening from lockdowns. FILE PHOTO: Visitors look at a stock quotation board at Tokyo Stock Exchange in......
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Reuters - Business

Global stocks tumble, safe-haven assets rally on downbeat Fed outlook

Reuters
by Reuters020
NEW YORK (Reuters) – Global equity markets fell sharply on Thursday in their worst sell-off since markets crashed in March, while safe-haven assets rose after the Federal Reserve’s sobering outlook cast doubt on hopes for a V-shaped recovery from the coronavirus pandemic. A broad rout slammed Wall Street, a 10-day......
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Reuters - Business

Dollar slips, stocks fall ahead of Fed meeting

Reuters
by Reuters016
NEW YORK (Reuters) – The dollar slid to a three-month low and a gauge of global equities edged lower on Wednesday as investors awaited news at the end of a two-day meeting of the Federal Reserve and its plans to strengthen a nascent U.S. economic recovery. FILE PHOTO: Traders wear......
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Reuters - Business

Exclusive: ECB prepares ‘bad bank’ plan for wave of coronavirus toxic debt – sources

Reuters
by Reuters014
LONDON/FRANKFURT (Reuters) – European Central Bank officials are drawing up a scheme to cope with potentially hundreds of billions of euros of unpaid loans in the wake of the coronavirus outbreak, two people familiar with the matter told Reuters. FILE PHOTO: The European Central Bank (ECB) logo is pictured before......
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Reuters - Business

Stocks trend lower as investors step back, safe-havens rally

Reuters
by Reuters017
WASHINGTON (Reuters) – A recent run of optimism in markets hit the brakes on Tuesday as investors mostly pulled back from stocks, though the Nasdaq extended its record run to a new high, while the safe-haven yen, Swiss franc and gold rallied. FILE PHOTO: The London Stock Exchange Group offices......
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Reuters - Business

EU trade chief Hogan says he is considering bid to become WTO chief

Reuters
by Reuters011
FILE PHOTO: European Trade Commissioner-designate Phil Hogan of Ireland speaks as he attends his hearing before the European Parliament in Brussels, Belgium September 30, 2019. REUTERS/Yves Herman BRUSSELS (Reuters) – European Trade Commissioner Phil Hogan confirmed on Tuesday that he was considering a bid to become the next director-general of......
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