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European shares rise on China trade data, easing coronavirus worries
By Shreyashi Sanyal and Sagarika Jaisinghani (Reuters) – European shares ended higher on Tuesday, as better-than-expected data from China added to signs that sweeping lockdowns to contain the spread of the coronavirus were working. The pan-European STOXX 600 index <.STOXX> closed up 0.6% after a strong finish last week that was powered by another aggressive […]
Virus to dent Foxconn’s consumer electronics revenue in first-quarter
By Yimou Lee TAIPEI (Reuters) – Apple supplier Foxconn <2317.TW> warned revenue would drop 15% in businesses including consumer electronics and enterprise products in the first quarter, but that it would recover thereafter as production returns to normal in virus-hit China. Foxconn is among manufacturers worldwide who are grappling with virus-related curbs that have upended […]
Wall Street slips at open as monthly private payrolls disappoint
FILE PHOTO: The U.S. flag is seen on a building on Wall St. in the financial district in New York, U.S., November 24, 2020. REUTERS/Brendan McDermid/File Photo(Reuters) – The S&P 500 and the Nasdaq dipped on Wednesday from record levels as data showing fewer-than-expected private job additions in November added to concerns about the near-term […]