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 * HK-Shanghai Connect daily quota used -0.1 pct,
Shanghai-HK
daily quota used 0.9 pct
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Republicans mindful of political consequences of raising prices for everyday goods
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President Donald Trump's escalation of trade threats against China reflects his belief that Washington increasingly has the upper hand in the dispute, administration officials said, adding he is prepared to withstand pressure from U.S. businesses that might suffer from the conflict.
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 (Reuters) - General Electric Co's expulsion from the elite Dow Jones Industrial Average may be a bitter pill to swallow for shareholders, but it could be little more than a publicity blow for investors in the 126-year-old struggling U.S. conglomerate.
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HOUSTON (Reuters) - China's proposed tariffs on U.S. petroleum imports, part of a mounting trade war between the two countries, would crimp sales to the shale industry's largest customer, adding new pressure on U.S. crude prices, energy executives and analysts said in interviews this week.
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Reuters
SEOUL (Reuters) - South Korean cryptocurrency exchange Bithumb said 35 billion won ($31.5 million) worth of virtual coins were stolen by hackers, the second local exchange targeted in just over a week as cyber thieves exposed the high risks of trading
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* MSCI Asia-Pacific index up 1.1 percent, Nikkei gains 1.1
pct
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June 20 (Reuters) - The following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
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HuffPost
(Reuters) - Starbucks Corp forecast on Tuesday slower sales growth than Wall Street expected this quarter and plans to close about 150 U.S. cafes next fiscal year to boost performance, sending its shares down 2 percent after hours. The world's largest
Starbucks To Close 150 Stores Ne
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* Reuters/Ipsos poll shows most Americans oppose policy
(Updates with protesters in Washington, paragraph 18,
statements from Apple Chief Executive Tim Cook and Microsoft CEO
Satya Nadella in paragraph 21-22)
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BEIJING (Reuters) - The Trump administration has "blood lust" when it comes to pushing its trade agenda against China and wants to "suck the lifeblood" from the Chinese economy, an official state-run newspaper said on Wednesday, stepping up the rhetoric.
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As recently as 2005, according to Reuters, General Electric was the most valuable publicly traded company in the United States. It will be replaced by the parent company of Walgreens pharmacies.
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SHANGHAI, June 20 (Reuters) - China's stock markets slumped
on Wednesday, extending a rout from the previous day as the
prospect of a full-blown Sino-U.S. trade war put a dampener on
the rest of Asian equities, even as they managed a modest
bounce.
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SHANGHAI (Reuters) - Stocks in Asia rebounded from recent losses on Wednesday as investors sought bargains, a day after the specter of a U.S.-China trade war rattled global markets, but significant uncertainty around the trade outlook is capping gains.
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Business Insider
General Electric has lost its spot in the Dow Jones Industrial Average after over a century in the blue chip stock index. GE's place will be replaced by drug store chain Walgreens prior to the start of trading on June 26. GE's stock slipped 1.5% in
GE Drops Out of the Dow After More Than a Century
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2018-06-19 0001127602-18-021551 10 KB
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U.S. News & World Report
Commerce Secretary Wilbur Ross made a trade betting that the stock in a shipping company with Russian-government ties would fall, a transaction coming just days after he learned of a possible negative news story about his investment in the company.
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Detroit Free Press
Following Ford Motor Company's splashy Michigan Central Station celebration Tuesday morning, members of the Corktown community gathered to debrief the event and discuss in more detail how they hoped the big automaker would fit into the neighborhood ...
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wtkr.com
Starbucks will close 150 poorly performing company-operated stores next year, about three times as many as it typically closes. The affected stores are located in mostly urban areas that are densely populated with Starbucks locations. The company told ...
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WIRED
Newspapers and magazines do this thing that drives Detroiters crazy. Doesn't matter the headline. Maybe Detroit is coming back, maybe crime is falling, maybe a few neighborhoods are seeing a resurgence, maybe it's all a bit more complicated than a few ...
Howes: Ford depot move signals 'Detroit is open for busi
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Reuters
(Reuters) - Starbucks Corp (SBUX.O) forecast on Tuesday slower sales growth than Wall Street expected this quarter and plans to close about 150 U.S. cafes next fiscal year to boost performance, sending its shares down 2 percent after hours. FILE PHOTO
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 More than $4 million has been donated to the campaign, set up by Silicon Valley couple Charlotte and Dave Willner, the largest ever on Facebook to benefit RAICES, a Texas nonprofit that provides free legal services to immigrants and refugees.
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Steve Levitan of ‘Modern Family' and Seth MacFarlane of ‘Family Guy' said they were embarrassed to work at the company that owns the cable news channel.
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These two credit card companies sport nearly identical business models. Which makes for a better investment today?
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 President Trump and China just keep ramping up their trade battle, sending stocks worldwide into the woodchipper. But it's billionaire investor Howard Marks's memo on another hot topic that provides our call of the day.
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General Electric is being replaced by Walgreens Boots Alliance Inc., as one of the 30 components of the 122-year-old Dow Jones Industrial Average. Here's what it means for one of the oldest equity benchmarks.
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* Reuters/Ipsos poll shows most Americans oppose policy
(Adds reporter's credit in signoff, no change to text)
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 Swiss drugmaker Roche's $2.4 billion deal for U.S.-based Foundation Medicine represents an increased bet on gene-guided treatments to fight cancers. The agreement represents a a 29% premium over the June 18 value of Foundation Medicine's shares.
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Business Insider
A food-tech startup called Apeel Sciences debuted its avocados at every Costco and Harps Food Stores location in the US. Apeel has created an invisible, edible coating that food suppliers can spray on produce to extend shelf life. The company claims
Millennials, Rejoice! Costco Is Selling New Avocados That Stay Ripe Twice as L
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Wall Street Journal
Seoul-based bitcoin exchange Bithumb said Wednesday it had lost over $30 million as the result of being hacked, the second cyber attack in two weeks to hit a major South Korean cryptocurrency exchange as safety concerns hamper the industry and weigh ...
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Sen. Ron Wyden's investigation found a prison phone company had used location data in a system that effectively let correctional officers spy on millions of Americans.
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Los Angeles Times
A Tesla employee who committed "extensive and damaging sabotage" by breaking into software systems at Tesla's auto plant could be part of a larger plot by enemies bent on the company's destruction, Chief Executive Elon Musk told employees via email ...
What Elon Musk, Tim
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The Detroit News
Detroit — Thousands came to celebrate Tuesday the planned revival of the moribund Michigan Central Depot. Many left realizing Ford Motor Co.'s goal for the old train station extends beyond the building — cementing southeast Michigan as a leader in
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President Trump urged House Republicans to pass a broad bill legislation but stopped short of telling them he would immediately reverse a widely condemned policy that has separated migrant children from their parents.
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(Reuters) - Goldman Sachs Group Inc will pump $500 million into companies led, founded or owned by women, as it steps up efforts to close the gender investing gap, the Wall Street bank said on Tuesday.
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After a few consecutive quarters of disappointing cloud revenue growth, on Tuesday, Oracle Corp. suddenly stopped separating its much touted business in its recent quarterly financial statement.
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* Reuters/Ipsos poll shows most Americans oppose policy
(Recasts with Trump's meeting with lawmakers, adds Meadows,
Cole, updates separation figures)
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Allies said U.S. participation was the last shred of credibility left in the organization.
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France and Germany agree on broad overhauls for the European Union as they strain to contain divisions in the bloc and Chancellor Angela Merkel battles to preserve her government in Berlin.
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 It won't shock you to hear that GameStop has been suffering as downloads have
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