Category: Economy

Economy

US consumer confidence weakens in March

American consumers were feeling less confident this month amid continued volatility in the financial markets. The Conference Board, a business research group, says its consumer confidence index fell to 124.1 in March from 131.4 in February. The index, covering through March 14, measures consumers’ assessment of current economic conditions and their expectations for the next […]

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UPDATE 2-European leaders press for fairer trade relationship with China

PARIS (Reuters) – Europe’s top leaders told President Xi Jinping on Tuesday they wanted a fairer trading relationship with China, signaling an openness to engage with Beijing’s “Belt and Road” infrastructure project if it meant more access to the Chinese market. The Europe Union, the world’s largest trading zone, has become increasingly frustrated by what […]

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UPDATE 2-Merck KGaA goes hostile in $5.9 bln Versum takeover battle

FRANKFURT (Reuters) – German pharma group Merck KGaA on Tuesday sidestepped the management of takeover target Versum Materials and took its $5.9 billion offer directly to the U.S. chemical company’s shareholders. FILE PHOTO: A logo of drugs and chemicals group Merck KGaA is pictured in Darmstadt, Germany January 28, 2016. REUTERS/Ralph Orlowski/File Photo Versum, the […]

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UPDATE 1-China not taking Boeing 737 MAX 8 airworthiness certificate applications

(Adds details from Caijing report) BEIJING, March 26 (Reuters) – China’s civil aviation regulator has stopped taking applications for Boeing’s 737 Max 8 airworthiness certification since March 21, an official at the regulator’s news department said on Tuesday. China was the first to ground the newest version of Boeing’s workhorse 737 model earlier this month […]

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METALS-Copper steady as growth concerns deepen and trade talks loom

* GRAPHIC-2019 asset returns: tmsnrt.rs/2jvdmXl (Updates throughout, changes dateline from BEIJING/MELBOURNE) By Zandi Shabalala LONDON, March 26 (Reuters) – Copper prices held steady on Tuesday as a murky global economic growth outlook sapped demand ahead of a new round of trade talks between the United States and China this week. Benchmark copper was steady at […]

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PRESS DIGEST- Canada- March 26

March 26 (Reuters) – The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Chile’s state miner Codelco has cancelled a major contract with SNC-Lavalin Group Inc, another potential blow for the Canadian engineering firm as it […]

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UPDATE 1-Merck KGaA goes hostile in $5.9 bln Versum takeover battle

FILE PHOTO: A logo of drugs and chemicals group Merck KGaA is pictured in Darmstadt, Germany January 28, 2016. REUTERS/Ralph Orlowski/File Photo FRANKFURT (Reuters) – German pharma group Merck KGaA on Tuesday sidestepped the management of takeover target Versum Materials and took its $5.9 billion offer directly to the U.S. chemical company’s shareholders. Versum, the […]

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Links 3/26/19

Aussie engineer accuses ‘serial farter’ supervisor of bullying, seeks $1.8m redress The Register (Chuck L) Gangs using dead rats to smuggle drugs into Dorset prison Guardian Are natural fibres really better for the environment than microplastic fibres? PhysOrg (Robert M) Key Greenland glacier growing again after shrinking for years, NASA study shows NBC (furzy) Tidal […]

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