Cocktail of trade worries, poor data, Brexit hit European shares

(Reuters) – European shares sank on Thursday as the latest round of U.S.-China trade friction and a soft set of business surveys sapped investors’ risk appetite, while pressure on British Prime Minister Theresa to quit added to Brexit concerns. The pan-European STOXX 600 index closed 1.4% lower, with Germany’s traditionally trade-sensitive DAX down 1.8%, while Italian shares slumped more than […]

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Morgan Stanley shareholders vote to approve executive pay, director

NEW YORK (Reuters) – Morgan Stanley said on Tuesday that more than 95 percent of shares voted to approve its executive compensation packages and that all of its directors were elected at the bank’s annual shareholder meeting in Purchase, New York. More than 89 percent of shareholders voted no on a proposal that the bank report annually on its lobbying […]

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Dollar at one-month high as growing troubles cloud global economic view

LONDON (Reuters) – The dollar hit its highest level in a month as economic and political uncertainties swept through Europe and Asia, pinning down most major currencies like the euro and the yuan. Worries over German manufacturing, the impact of a deepening trade war on Asian economies and deepening concerns over Brexit and European parliamentary elections have broadly curbed risk […]

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Trade woes sink shares, Brexit weighs on sterling

LONDON (Reuters) – World shares made it four days in the red in the last five on Thursday as concerns grew that the China-U.S. trade conflict was fast turning into a technology cold war between the world’s two largest economies. Asian stocks caved to a four-month low as the rhetoric between Beijing and Washington remained fierce while Europe’s bourses also […]

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Dollar hits one-month high as uncertainty plagues Europe and Asia

LONDON (Reuters) – The dollar hit its highest level in a month as economic and political uncertainties swept through Europe and Asia, pinning down most major currencies such as the euro and the yuan. Worries over German manufacturing, the effect of a trade war on Asian economies and deepening concerns over Brexit and upcoming European parliamentary elections all make it […]

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In western France, a village remembers D-Day's 'secret massacre'

GRAIGNES, France (Reuters) – The lost U.S. paratrooper tapped on the door of the Rigault family’s farmhouse in Normandy in the early hours of June 6, 1944, miles south of his intended drop zone and soaking from his landing in the surrounding marshland. After four years under German occupation, 12-year-old Marthe Rigault, awoken by the roar of aircraft overhead, watched […]

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Asia shares slump to four-month low on risk of interminable trade war

SYDNEY (Reuters) – Asian shares broke support and caved to a four-month low on Thursday, as concerns grew that the Sino-U.S. trade conflict was fast morphing into a prolonged technology cold war between the world’s two largest economies. In early European trading, futures for the pan-region Euro Stoxx 50 and German DAX were each down 0.8% while FTSE futures stumbled […]

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Conservative economist suggests U.S. Census ask about criminal records

NEW YORK (Reuters) – The U.S. Census Bureau should ask about survey-takers’ criminal records to help policymakers address weaknesses in the judicial system and rehabilitation, an economist at a conservative think-tank plans to tell lawmakers on Wednesday. The comments by American Enterprise Institute (AEI) economist Nicholas Eberstadt may add a new layer to a fierce political battle over what questions […]

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