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China Industrial Output Growth Falls To 17-Year Low

Growth in China’s industrial output fell to a 17-year low, in the first two months of the year, pointing to further weakness in the world’s second-biggest economy… But investment picked up speed as the government fast-tracked more road and rail projects, offering some relief for policymakers as they work to avert a sharper slowdown, data showed on Thursday.

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Music-Streaming Service Spotify Technology SA Has Filed An Antitrust Complaint In Europe Against Apple Inc.

Music-streaming service Spotify Technology SA has filed an antitrust complaint in Europe against Apple Inc., a new salvo in the broader battle over how and whether to rein in alleged wrongdoing by tech giants. Spotify’s complaint, filed late Monday to the antitrust arm of the European Union, alleges that Apple in recent years has abused its control over which apps appear in its App Store. The restrictions, Spotify claims, are designed to restrict music-streaming services that compete with Apple’s own Apple Music.

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UK Said On Wednesday It Would Eliminate Import Tariffs On A Wide Range Of Goods And Avoid A So-Called Hard Border Between Ireland And Northern Ireland

Britain said on Wednesday it would eliminate import tariffs on a wide range of goods and avoid a so-called hard border between Ireland and Northern Ireland in the event of a no-deal Brexit. The government announced the moves, which it said would be temporary, ahead of a vote by lawmakers later on Wednesday on whether Britain should leave the European Union without a deal, a prospect that alarms many employers with the scheduled March 29 Brexit date fast approaching.

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The Pound Jumped And Asian Shares Rallied On Tuesday After The European Commission Agreed To Changes In A Brexit Deal

European Commission head Jean-Claude Juncker agreed to additional assurances in an updated Brexit deal with British Prime Minister Theresa May on Monday, but warned UK lawmakers would not get a third chance to endorse it. Sterling, which had risen ahead of the talks between May and Juncker, extended gains in hopes the changes may be enough to sway rebellious British lawmakers who have threatened to vote down May’s plan again on Tuesday.

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U.S. Stocks Rose After Five Straight Sessions Of Declines On Monday Boosted By Technology Stocks

Boeing Co, the best performing Dow component this year by a wide margin, dropped 6.7 percent after many airlines grounded the company’s new 737 MAX 8 passenger jet. Helping markets gain ground was the heavyweight Dow component’s stock bouncing off its session lows, while the Dow Jones Airlines index reversed course to trade 0.34 percent higher.

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Nvidia Corp Said On Monday It Will Buy Israeli Chip Designer Mellanox Technologies Ltd

U.S. chipmaker Nvidia Corp said on Monday it will buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion, beating rival Intel Corp in a deal that would help the company boost its data center business. The all-cash offer of $125 per share represents a premium of 14 percent to Mellanox’s Friday close. Shares of Mellanox rose 8.7 percent and Nvidia shares rose about 1 percent in premarket trading.

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More Than 275 Financial Firms Are Moving A Combined $1.2 Trillion In Assets And Funds From Britain To The European Union In Readiness For Brexit

More than 275 financial firms are moving a combined $1.2 trillion in assets and funds and thousands of staff from Britain to the European Union in readiness for Brexit at a cost of up to $4 billion, a report from a think tank said on Monday. UK lawmakers are due to vote on Tuesday on an EU divorce settlement. But with less than three weeks to go before Brexit day on March 29, it is still unclear whether the deal will be approved, whether departure from the EU will be delayed, or whether it will happen without agreement.

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Stock Markets – Top 5 Things To Watch This Week

Economic reports will remain in focus in the week ahead, after data on Friday showed that U.S. job growth stalled in February, raising new concerns about the economy. January’s delayed retail sales figures, February’s inflation numbers and the latest report on durable goods orders all take on added significance, particularly after a recent batch of disappointing data showing that both consumers and businesses have pulled back.

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Microsoft Has Filed A Suit Against Foxconn Parent Company Hon Hai For Missing Patent-Licensing Payments

Tech giant Microsoft is taking legal action against Foxconn parent Hon Hai, after the Taiwanese consumer-electronics manufacturer allegedly failed to comply with a patent-licensing agreement from 2013. In a Friday court filing, Microsoft accused Foxconn of failing to provide twice-yearly royalty reports concerning certain unspecified products and has not made royalty payments on time. The suit was filed in the U.S. District Court for the Northern District of California.

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Deutsche Bank Management Board Reportedly Agrees To Commerzbank Merger Talks

The management board of Deutsche Bank has agreed to hold talks with rival Commerzbank on the feasibility of a merger, a person with knowledge of the matter told Reuters on Sunday. The source, who spoke on condition of anonymity, confirmed information reported earlier by the Welt am Sonntag newspaper. The person said that first unofficial contacts have taken place in a very small group and that talks were at a very early stage.

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Hiring Slumps, Though Broad Picture Suggests Expansion Will Continue…

The breakneck pace of hiring slumped in February, a sign that U.S. growth is cooling, though strong wage growth and earlier robust job gains suggest the economy’s near decadelong expansion will endure. U.S. nonfarm payrolls rose a seasonally adjusted 20,000 in February, the Labor Department said Friday, marking the slowest pace for job growth since September 2017—when hurricanes skewed hiring patterns—and falling well below economists’ expectations for 180,000 new jobs.

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Disappointing U.S. Payrolls Report And Weak Chinese Export Data Add To Concerns About Global Economy

Major U.S. stock indexes fell Friday, putting them on pace for their worst week since December, as swelling concerns about slowing global and U.S. economic growth further hindered this year’s rally. Data showing a sharp slowdown in U.S. hiring growth last month rounded out a troubling week for investors that also coincided with the 10th anniversary of the bull market.

Trump Administration Officials Have Not Made Any New Plans To Send A Team To China For Trade Talks

Trump administration officials have not made any new plans to send a team to China for face-to-face trade talks, but negotiators have made progress, White House trade adviser Clete Willems said at an event on Friday… “We’re talking to them (Chinese officials) every day, but no one’s got any trip plans,” Willems told reporters on the sidelines of a Georgetown Law School trade event in Washington. When asked about the prospect for future face-to-face meetings, Willems said “Maybe. But there are no plans right now.”

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U.S. Stock Futures Point To Lower Open After China’s Exports Plummet

At around 6:45 a.m. ET, Dow Jones Industrial Average futures slipped 103 points, indicating a drop of 107.23 points at the open. Futures on the S&P 500 and Nasdaq 100 were both seen slightly lower. Market focus is largely attuned to economic data, after shockingly weak export figures from China exacerbated concerns about a global economic downturn.

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The SEC Is Investigating Whether The Multi-Tiered Pricing System Used By Stock Exchanges Favors Large Brokers At The Expense Of Small Ones

Under the current system, Wall Street banks and other massive traders get hefty rebates based on how much business they funnel to exchanges. The result of this complex and often opaque system is that big users can end up trading for free, or even get paid to trade, while small brokers pay substantial fees.

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U.S. Stocks Slid Thursday After The European Central Bank Unveiled Plans To Deploy Additional Stimulus

U.S. stocks slid Thursday after the European Central Bank unveiled plans to deploy additional stimulus, raising fresh worries about the health of the global economy. The Dow Jones Industrial Average fell 263 points, or 1%, to 25409, heading for its fourth straight day of losses. The S&P 500 declined 1% and the Nasdaq Composite shed 1.1%.