Monthly Archives: April 2017

U.S. refiners bet on strong exports to balance market

NEW YORK (Reuters) - U.S. refiners have come out of maintenance season betting that big exports to Mexico and South America will help alleviate high product inventories and boost margins as the critical summer driving season nears.

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Top Foxconn executives visit White House, but mum on details

TAIPEI (Reuters) - Top executives of Foxconn, including founder and chairman Terry Gou, visited the White House on Thursday, Taiwanese TV footage showed, as the Apple Inc supplier ponders a $7 billion-plus U.S. investment in a display-making plant.

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Investors, South Korean tech suppliers brush off North Korea threat

NEW YORK/SAN FRANCISCO (Reuters) - Growing tensions with North Korea should worry global electronics firms such as Apple Inc as they source key parts from South Korea, but investors are brushing off such concerns and snapping up shares in key exporters...

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U.S. first quarter growth weakest in three years as consumer spending falters

WASHINGTON (Reuters) - The U.S. economy grew at its weakest pace in three years in the first quarter as consumer spending almost stalled, but a surge in business investment and wage growth suggested activity would regain momentum as the year progresses...

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World stocks pause near record highs

LONDON (Reuters) - Concern about global trade and U.S. President Donald Trump's "America First" policies kept appetite for risky assets in check on Friday, setting world stocks on the path to a sluggish end to what will still be their fifth straight mo...

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