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Fiat Chrysler cancels shifts due to strains on utility

FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV said on Thursday it was canceling two additional shifts at its Warren Truck and Sterling Heights Assembly plants after CMS…

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Germany to give fighter jet order to Airbus or Boeing: sources

BERLIN (Reuters) – Germany will choose between the Eurofighter and Boeing’s F/A-18 fighter jet to replace its aging Tornado fighter jets, knocking Lockheed Martin’s F-35 out of a tender worth billions of euros, Defence Ministry sources said on Thursday. FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation…

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Fed pause sets stocks for best January on record, yields fall

NEW YORK (Reuters) – Global equity markets mostly rose on Thursday, propelled by Facebook’s upbeat earnings and the Federal Reserve’s pledge to be patient in raising borrowing costs further, while U.S. bond yields fell on indications of weaker-than-expected inflation. FILE PHOTO: The seal for the Board of Governors of the Federal Reserve…

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Traders add to bets against further Fed rate hikes

(Reuters) – U.S. short-term interest-rate futures erased earlier losses and swung higher on Wednesday after the Federal Reserve said it will be “patient” on future interest rate hikes. Contracts tied to the Fed’s policy rate continued to price about a one-in-four chance of a 2019 Fed rate hike, and contracts maturing in…

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Boeing shares soar on profit, aircraft forecast

(Reuters) – Boeing Co raised its profit and cash flow expectations for 2019 on Wednesday, sending shares up more than six percent amid a boom in air travel and faster production, though it was still fighting supplier delays on its cash-cow 737 jetliners. FILE PHOTO: Employees are pictured as the first Boeing…

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FOMC statement from January 29-30 meeting

WASHINGTON (Reuters) – Following is the full text of the statement released by the Federal Reserve’s Federal Open Market Committee on Wednesday following a two-day meeting: Information received since the Federal Open Market Committee met in December indicates that the labor market has continued to strengthen and that economic activity has been…

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Instant View: Fed holds rates steady

NEW YORK (Reuters) – The Federal Reserve held interest rates steady on Wednesday but said it would be patient in lifting borrowing costs further this year as it pointed to rising uncertainty about the U.S. economic outlook. FILE PHOTO: The Federal Reserve building pictured in Washington, U.S., July 16, 2018. REUTERS/Leah Millis/File…

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