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Oil slides for fourth day as pandemic fears deepen

LONDON/TOKYO (Reuters) – Crude prices slid for a fourth day on Wednesday as Asia and oil producing countries in the Middle East reported hundreds of new coronavirus cases and the United States warned of an inevitable pandemic. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in…

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Profits surge at Peugeot maker PSA ahead of Fiat merger

PARIS (Reuters) – Peugeot maker PSA Group said its profitability reached a record high in 2019 but the French carmaker forecast falling industry sales in Europe this year as it pursues its merger with Fiat Chrysler, which is strong in North America. FILE PHOTO: The logo of French car manufacturer Peugeot is…

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Bayer chairman quits after making progress to settle litigation

FILE PHOTO: A bridge is decorated with the logo of a Bayer AG, a German pharmaceutical and chemical maker in Wuppertal, Germany August 9, 2019. REUTERS/Wolfgang Rattay/File Photo FRANKFURT (Reuters) – Bayer (BAYGn.DE), which is fighting claims its weedkiller Roundup causes cancer, said its Chairman Werner Wenning was stepping down because the…

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Coronavirus, Financial Markets, Emmanuel Macron: Your Wednesday Briefing

(Want to get this briefing by email? Here’s the sign-up.) Good morning. We’re covering several developments in the coronavirus outbreak, President Emmanuel Macron’s unpopular pension plan and President Trump’s visit to India. Image Hotel workers waiting to get tested for the coronavirus in Tenerife, the largest of Spain’s Canary Islands, on Tuesday. Credit…Associated…

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C.D.C. Officials Warn of Coronavirus Outbreaks in the U.S.

Federal health officials starkly warned on Tuesday that the new coronavirus will almost certainly spread in the United States, and that hospitals, businesses and schools should begin making preparations. “It’s not so much of a question of if this will happen anymore but rather more of a question of exactly when this…

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Hosni Mubarak’s Legacy of Forced Stability

Translator: “In the name of Allah, the most 00:00:02.916 —> 00:00:05.560 gracious, most merciful, my fellow countrymen —” This is Michael Slackman for The New York Times. Hosni Mubarak, who ruled Egypt for almost 30 years, never intended to be president. His rise was described by many as an accident of history,…

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Wall Street plunges on fears of coronavirus pandemic

New York (Reuters) – The S&P 500 and the Dow Jones Industrial Average on Monday suffered their biggest one-day percentage losses in two years after a surge in coronavirus cases outside China fanned worries about the global economic impact of a potential pandemic. Investors sold riskier assets and rushed to traditionally safer…

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Oil prices rise on bargain-hunting; virus fears cap gains

TOKYO (Reuters) – Oil climbed on Tuesday as investors sought bargains after crude benchmarks slumped almost 4% in the previous session, although concerns about the coronavirus spreading out of China and curbing major economies and fuel demand capped gains. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11,…

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