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Stocks shaken, bonds surge as Trump risks recession

SYDNEY (Reuters) – U.S. stock futures slid and sovereign bonds surged on Friday as investors feared President Donald Trump’s shock threat of tariffs on Mexico risked tipping the United States, and maybe the whole world, into recession. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside…

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U.S., China firms scramble as new tariffs hurt business

SHANGHAI/LOS ANGELES (Reuters) – Shanghai wine importer Alex Chen has spent the last 10 days moving all his American wines – from chardonnays to zinfandels – out of warehouses in the city’s free trade zone before they are hit with an extra tariff that kicks in on Saturday. FILE PHOTO: Employees work…

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Automakers tremble in Asia as Trump threatens Mexico tariffs

TOKYO (Reuters) – Shares of major Asian automakers and suppliers tumbled on Friday after U.S. President Donald Trump threatened to slap tariffs on imports from Mexico from next month, potentially upending a decades-old business model of global manufacturers. FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show…

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Bump in the night: FX flash crashes put regulators on alert

LONDON/NEW YORK (Reuters) – The increasing frequency of flash crashes in the $5.1 trillion-a-day foreign exchange market has regulators scrambling for answers. FILE PHOTO: A currency dealer works in front of electronic boards showing the Korea Composite Stock Price Index (KOSPI) (C), the exchange rates between the Chinese yuan and South Korean…

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Britain’s FirstGroup shake-up to unleash Greyhound coaches

(Reuters) – Britain’s FirstGroup plans to sell U.S. coach service Greyhound and spin-off its First Bus operations in an attempt to head off shareholder pressure, lifting its share price by 13% on Thursday. Greyhound buses are lined up in New York City, U.S., June 12, 2017. REUTERS/Shannon Stapleton FirstGroup, which also runs…

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Toyota to set up Myanmar plant to assemble Hilux trucks

Toyota Motors Corp company logo is pictured on a Hilux pickup at its dealer Toyota Bicutan in Paranaque, Metro Manila, Philippines June 16, 2016. REUTERS/Erik De Castro TOKYO (Reuters) – Toyota Motor Corp said on Thursday it would launch a plant in Myanmar to manufacture Hilux pick-up trucks from 2021 as the…

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