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Wall Street rallies on economic data, crude falls as stockpiles jump

Five Chinese state-owned companies to delist from NYSE

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned firms including China Life Insurance (601628.SS) and oil giant Sinopec (600028.SS) said Friday they would delist from the New York Stock Exchange, amid heightened diplomatic and economic tensions with the United States. The companies, which also include Aluminium Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and …

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S&P 500 ends choppy session nearly flat; investors eye Fed, earnings

S&P 500 ends choppy session nearly flat; investors eye Fed, earnings

Apple, Amazon.com among companies to report earnings this week FOMC to kick off two-day policy meeting from Tuesday Miner Newmont falls after raising annual cost forecast Indexes: Dow up 0.3%, S&P 500 up 0.1%, Nasdaq down 0.4% NEW YORK, July 25 (Reuters) – The S&P 500 see-sawed on Monday and ended close to unchanged as …

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Exclusive: Hyundai subsidiary has used child labor at Alabama factory

Exclusive: Hyundai subsidiary has used child labor at Alabama factory

LUVERNE, Alabama, July 22 (Reuters) – A subsidiary of Hyundai Motor Co has used child labor at a plant that supplies parts for the Korean carmaker’s assembly line in nearby Montgomery, Alabama, according to area police, the family of three underage workers, and eight former and current employees of the factory. Underage workers, in some …

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Ford announces series of deals to accelerate EV push

Ford announces series of deals to accelerate EV push

Ford CEO Jim Farley attends the official launch of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, U.S. April 26, 2022. REUTERS/Rebecca Cook/File Photo Register now for FREE unlimited access to Reuters.com Register DETROIT, July 21 (Reuters) – Ford Motor Co (F.N) on Thursday announced …

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Stocks make recovery bid, hemmed in by weakening world economy

Stocks make recovery bid, hemmed in by weakening world economy

Chinese economy slowed sharply in Q2 U.S. yields, dollar pull back after Fed officials’ comments European markets firmer, with eyes on Italy political crisis LONDON, July 15 (Reuters) – World stocks attempted a move higher on Friday after four days of losses caused by mounting fears of economic downturn, even though the growth concerns were …

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S.Korea strike disrupts shipments of key cleaning agent for chipmaking

S.Korea strike disrupts shipments of key cleaning agent for chipmaking

Union, government to set to resume talks Cargoes of petrochemical materials still blocked Shipments of soju liquor down to 60% of normal SEOUL, June 14 (Reuters) – A nationwide strike by truck drivers in South Korea has disrupted shipments to China of a key cleaning agent used by makers of semiconductor chips, the Korean International …

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