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Deutsche Bank faces another challenge with Fed stress test

WASHINGTON (Reuters) – Deutsche Bank AG (DBKGn.DE) will face another challenge this month when the Federal Reserve publishes the results of a “stress test” on the bulk of its U.S. operations for the first time. FILE PHOTO: The headquarters of Germany’s Deutsche Bank is photographed early evening in Frankfurt, Germany, January 26,…

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U.S. isolated at G7 meeting as tariffs prompt retaliation

WASHINGTON/WHISTLER, British Columbia (Reuters) – U.S. President Donald Trump told Canada and the European Union on Friday to do more to bring down their trade surpluses, a day after hitting them and Mexico with import tariffs on steel and aluminum. FILE PHOTO: Stored rolls of steel are seen outside the ArcelorMittal Dofasco…

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Tech leads Wall Street’s advance after strong jobs data

(Reuters) – Wall Street stocks rose on Friday after the latest monthly jobs report pointed to strength in the U.S. economy and geopolitical tensions eased. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 18, 2018. REUTERS/Brendan McDermid Technology stocks led the…

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Apple to debut phone-to-phone augmented reality: sources

SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) next week will debut tools to let two iPhone users share augmented reality while limiting the personal data sent to its servers, two people familiar with the matter said this week. A customer tests the features of the newly launched iPhone X at VIVA telecommunication…

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U.S. job growth surges, unemployment rate falls to 3.8 percent

WASHINGTON (Reuters) – U.S. job growth accelerated in May and the unemployment rate dropped to an 18-year low of 3.8 percent, pointing to rapidly tightening labor market conditions, which could stir concerns about inflation. The closely watched employment report released by the Labor Department on Friday also showed wages rising solidly, cementing…

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Ford Motor Co’s Canada auto sales slide in May

(Reuters) – Ford Motor Co (F.N) on Friday reported a 3.3 percent drop in Canadian auto sales in May. The Ford logo is pictured on the company’s stand during the 88th Geneva International Motor Show in Geneva, Switzerland, March 7, 2018. REUTERS/Denis Balibouse Total car sales for the month slumped 17.4 percent…

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Money

All the right notes: First jobs of famous musicians

NEW YORK (Reuters) – Without music, life would be a mistake, according to the German philosopher Friedrich Nietzsche. FILE PHOTO: Grandmaster Flash attends the 2018 Pre-GRAMMY Gala & GRAMMY Salute to Industry Icons presented by Clive Davis and The Recording Academy honoring Shawn “JAY-Z” Carter in Manhattan, New York, U.S., January 27,…

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Business

Asia stocks recover from earlier losses, Europe seen firm

TOKYO (Reuters) – Asian equities recovered from early weakness on Friday as a lower yen supported Japanese stocks and firm exports boosted South Korean markets. Still, rekindled concerns about U.S. trade policies limited regional gains. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan,…

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