Stocks slip ahead of looming weekend deadline on trade

Stocks slip ahead of looming weekend deadline on trade

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Stocks edged lower on Tuesday ahead of a looming weekend deadline for trade talks between Washington and Beijing. A new round of U.S. tariffs is scheduled to take effect on Chinese goods Sunday, the latest escalation in a trade dispute that has dragged on economies around the world. But media reports suggested the U.S. may […]

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Saudi Arabia renews push for $2tn Aramco valuation

Saudi Arabia renews push for $2tn Aramco valuation

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Saudi Arabia is making a last-ditch attempt to persuade its institutions and wealthiest families to buy shares in Saudi Aramco after it floats on Wednesday as Crown Prince Mohammed bin Salman refuses to give up on his long-coveted $2tn valuation. As part of a plan to drive up the Saudi oil company’s stock price, state […]

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Exxon prevails in climate-change lawsuit

Exxon prevails in climate-change lawsuit

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Exxon Mobil Corp. won a closely watched securities-fraud trial that delved into its internal accounting for the financial risks of climate change, a striking rejection of New York state’s claim that the company misled investors for years. The ruling Tuesday by New York Supreme Court Justice Barry Ostrager in Manhattan is a blow to the […]

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Donald Trump and House Democrats reach deal on Nafta revamp

Donald Trump and House Democrats reach deal on Nafta revamp

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Nancy Pelosi, the Democratic Speaker of the House of Representatives, has reached a deal with US president Donald Trump to allow ratification of USMCA — the trade pact replacing Nafta whose fate in Congress had been uncertain until this week. Ms Pelosi’s announcement on Tuesday followed months of wrangling with Robert Lighthizer, the US trade […]

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