Category: U.S
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Dollar steadies as traders eye Federal Rate path following soft U.S. jobs data By Investing.com
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Investing.com – The US dollar steadied on Monday after falling the previous week on weaker-than-expected non-farm payrolls data, prompting traders to raise the timeline for possible interest rate cuts from the Federal Reserve this year. At 04:31 EDT (08:31 GMT), US Dollars, which tracks the greenback against a basket of…
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Chinese President Xi Jinping begins charm offensive in Europe amid growing uncertainty about future U.S. support for allies
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Chinese President Xi Jinping has embarked on a three-country trip Trip to Europe Sunday with the continent divided over how to deal with Beijing’s growing power and the rivalry between the United States and China. European automakers are losing ground Supported Chinese electric cars. Diplomats are worried Alleged Chinese spies…
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Dead bodies in Mexico likely are missing U.S., Australian surfers By Reuters
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Written by Lizbeth Diaz MEXICO CITY (Reuters) – Three bodies found in the Mexican state of Baja California are likely those of Americans and two Australian tourists who went missing last week, a senior official from the Mexican state of Baja California said on Saturday. Mexican authorities are conducting forensic…
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Drugmaker Amneal agrees to $270 million U.S. opioid settlement By Reuters
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Written by Nate Raymond (Reuters) – Amnial Pharmaceuticals (Nasdaq) said on Friday it had reached an agreement worth more than $270 million to settle allegations that it helped fuel the deadly opioid epidemic in the United States, becoming the latest drug company to settle lawsuits over the addiction crisis sparked…
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Nippon Steel is putting off its $14.1bn takeover of U.S. Steel by 3 months
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Nippon Steel said on Friday it has postponed the expected closing of its $14.1 billion takeover of US Steel by three months after the US Department of Justice requested more documents related to the deal. The deal, which has already been approved by US Steel shareholders, is still expected to…
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Oil prices tumble to seven-week lows on surprise build in U.S. crude stocks (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil futures fell to their lowest levels in seven weeks on Wednesday after US data showed a sudden and sharp weekly increase in crude oil inventories, as exports fell and refineries reduced their capacity use. The US Energy Information Administration reported Crude oil stocks…