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U.S. fund managers brace for trade war with focus on pricing power

NEW YORK (Reuters) – Investors’ fears of an all-out trade war between the United States and China is prompting U.S. stock fund managers to hunt for companies that can easily pass on higher costs to their consumers.

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GM Korea reaches tentative wage deal, avoids bankruptcy

SEOUL (Reuters) – General Motors Co’s South Korean unit on Monday said it has reached a tentative wage deal with its labor union, meeting a key condition laid down by the U.S. automaker to prevent it filing for bankruptcy for the money-losing operation.

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S.Korea says to join forces to normalise GM’s Korea unit

SEOUL, April 23 (Reuters) – The South Korean government said
on Monday it would join forces to help normalise General Motors
Co’s South Korean unit.

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World Stocks stumble as U.S. yields near 3 percent

LONDON (Reuters) – World stocks slipped on Monday as investors braced for a blizzard of earnings from the world’s largest firms, while keeping a wary eye on U.S. bond yields as they approach peaks that have triggered market spasms in the past.

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GLOBAL MARKETS-Stocks stumble as U.S. yields near 3 percent

LONDON, April 23 (Reuters) – World stocks slipped on Monday
as investors braced for a blizzard of earnings from the world’s
largest firms, while keeping a wary eye on U.S. bond yields as
they approach peaks that have triggered market spasms in the
past.
The yield on 10-year U.S. Treasuries hit its
highest level since January 2014 at 2.9790 percent in early
European trade, as the spread over the German equivalent
briefly touched its widest level in 29 years.

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Fresenius says will not renegotiate after cancelling Akorn deal

FRANKFURT, April 23 (Reuters) – Fresenius said on
Monday it would not seek to take over Akorn at more
favourable terms, after it terminated the agreement to acquire
the U.S. generic drugmaker on Sunday.

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BRIEF-Randgold Resources Says Ministry Of Mines Has Not Yet Formally Responded To Industry’s Proposal

* RANDGOLD RESOURCES LTD – MINISTRY OF MINES HAS NOT YET
FORMALLY
RESPONDED TO INDUSTRY’S PROPOSAL

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China fund managers slash ZTE valuation after U.S. sanction

SHANGHAI (Reuters) – Chinese funds have slashed valuations of ZTE Corp after the United States banned American companies from selling components to the telecoms equipment maker for seven years, a move ZTE said threatened its very survival.

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German engineering trade body calls for new EU trade deal with U.S.

HANOVER, Germany (Reuters) – The head of Germany’s engineering trade body on Monday called for a fresh attempt at a free trade agreement between the United States and the European Union in the face of steel and aluminum tariffs announced by U.S. President Donald Trump.

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