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U.S. government posts widest deficit since 2012

WASHINGTON (Reuters) – The U.S. government closed the 2018 fiscal year $779 billion in the red, its highest deficit in six years, as Republican-led tax cuts pinched revenues and expenses rose on a growing national debt, according to data released on Monday by the Treasury Department. A U.S. Dollar note is seen…

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Degree of calm returns to stock markets; Italy helps out

LONDON (Reuters) – World stocks nudged higher on Tuesday, as focus turned to earnings season and a rebound in Italian assets helped battered equities find firmer ground for now. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville In Europe,…

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JP Morgan and Ford cancel plans for Saudi investor event

NEW YORK (Reuters) – JP Morgan & Chase Co (JPM.N) Chief Executive Jamie Dimon and Ford Motor Co (F.N) Chairman Bill Ford canceled plans to attend a Saudi investor conference, the companies said on Sunday, the latest such high-profile announcements after the disappearance of Saudi journalist Jamal Khashoggi. FILE PHOTO: Jamie Dimon,…

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Bahrain minister backs boycott of Uber over Khashoggi case

DUBAI (Reuters) – Bahrain’s foreign minister called for a boycott of the ride-hailing company Uber Technologies [UBER.UL] after its chief executive officer said he will not attend a business conference in the kingdom’s ally Saudi Arabia. FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018.…

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Asian shares resume decline, Saudi tensions lift oil prices

TOKYO (Reuters) – Asian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possible slowdown in the Chinese economy and higher U.S. borrowing costs tempered optimism despite a rebound in global equities late last week. People walk past an electronic board showing Japan’s Nikkei average (top R) and Japanese yen’s…

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Unwelcome guest: U.S. tariffs loom at China’s biggest trade fair

BEIJING (Reuters) – Amid gathering gloom over the state of the Chinese economy, exporters of motorcycles, tractors, photocopiers and Christmas tree lighting will join thousands of other companies peddling their wares at China’s largest trade fair Monday. Many of those exporters will have something in common – uncertainty over future U.S. orders…

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ECB should keep policy options open regardless of Fed

NUSA DUA, Indonesia (Reuters) – The European Central Bank should keep its policy options open and not let itself be influenced by the Federal Reserve, ECB policymaker Francois Villeroy de Galhau said on Sunday. FILE PHOTO: Governor of the Bank of France Francois Villeroy de Galhau arrives at the Petruzzelli Theatre during…

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