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Britain does not support total Huawei network ban: sources

(Reuters) – British security officials do not support a full ban of Huawei from national telecoms networks despite U.S. allegations the Chinese firm and its products could be used by Beijing for spying, people with knowledge of the matter said. Huawei, the world’s biggest producer of telecoms equipment, faces intense …

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Citi to double Brazil commercial bank unit's assets by 2020

FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo SAO PAULO (Reuters) – Citigroup Inc plans to double its Brazilian commercial banking unit’s assets by 2020, thanks to growth in loans to mid-sized …

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World stocks lifted to 2-1/2 month highs by trade optimism

London (Reuters) – Hopes of progress in Sino-U.S. trade talks and expectations of policy stimulus from central banks lifted world stocks to 2-1/2 month highs on Monday, though European gains were dampened by concerns over the car sector’s outlook. The German share price index DAX graph is pictured at the …

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Payless ShoeSource to start liquidation sales at stores

FILE PHOTO: A Payless ShoeSource store logo is pictured in the Manhattan borough of New York, New York, U.S. April 4, 2017. REUTERS/Carlo Allegri/File Photo (Reuters) – U.S. discount retailer Payless ShoeSource Inc said on Friday it would begin going-out-of-business sales at its U.S. and Puerto Rico stores on Feb. …

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Wall Street rallies on trade optimism

NEW YORK (Reuters) – Wall Street rallied on Friday, with the Dow and the Nasdaq posting their eighth consecutive weekly gains as investors grew hopeful that the United States and China would hammer out an agreement resolving their protracted trade war. Traders work on the floor of the New York …

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Wall Street rallies on U.S.-China trade optimism

NEW YORK (Reuters) – Wall Street rallied on Friday on growing hopes the United States and China can hammer out an agreement resolving their protracted trade war. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid All three …

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Nvidia forecasts demand rebound, Wall Street not so sure

(Reuters) – Nvidia Corp’s forecast of a demand rebound by the end of the year calmed investor nerves and pushed its shares up 5 percent on Friday, but several Wall Street analysts said the outlook was “aggressive” given weak demand and the ongoing U.S.-China trade war. FILE PHOTO: The logo …

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