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Trump says likely to declare emergency if no deal on border wall

U.S. President Donald Trump talks to reporters as he departs for a visit to the U.S. southern border area in Texas from the White House in Washington, U.S., January 10, 2019. REUTERS/Carlos BarriaWASHINGTON (Reuters) - U.S. President Donald Trump said on Thursday he was likely to declare a national emergency to secure funds for his long-sought wall along the U.S. southern border if he cannot reach an agreement with Democrats in Congress to provide the money. Speaking to reporters at the White House as he prepared to depart to visit the Texas border town of McAllen on the 20th day of a partial government shutdown, Trump repeated…

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Women who defied Indian temple ban unable to return home after threats

KOCHI/NEW DELHI (Reuters) - Two women who made history by becoming the first in centuries to enter a hill temple in southern India are in hiding after threats by hardline Hindu groups. Kanaka Durga, 39 (L) and Bindu Ammini, 40, the first women to enter Sabarimala temple which traditionally bans the entry of women of menstrual age, pose for a photo after an interview with Reuters at an undisclosed location on the outskirts of Kochi, India, January 10, 2019. REUTERS/Sivaram VThe Sabarimala temple in the state of Kerala has been the site of tension since India’s Supreme Court ruled in late September to end a ban on…

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Apple cuts current-quarter production plan for new iPhones by 10 percent: Nikkei

(Reuters) - Apple Inc (AAPL.O), which slashed its quarterly sales forecast last week, has reduced planned production for its three new iPhone models by about 10 percent for the January-March quarter, the Nikkei Asian Review reported on Wednesday. That rare forecast cut exposed weakening iPhone demand in China, the world’s biggest smartphone market, where a slowing economy has also been buffeted by a trade war with the United States. Many analysts and consumers have said the new iPhones are overpriced. Apple asked its suppliers late last month to produce fewer-than-planned units of its XS, XS Max and XR models, the Nikkei reported, citing sources with knowledge of…

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New year stocks rally stalls as trade talks, data disappoint

LONDON (Reuters) - The early year rally in world stocks ran out of steam in Europe on Thursday and the dollar dropped to a near three-month low, as mixed signals from U.S.-China trade talks and caution at the Federal Reserve applied the brakes. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby MelvilleChina said the three days of talks in Beijing had established a “foundation” to resolve the two country’s differences, but gave virtually nothing in the way of details on key issues at stake. A slew of weak data also dampened the mood. Again in…

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At China port, tariff drop a salve for hard-hit traders of American cars

TIANJIN, China/SHANGHAI (Reuters) - In the Chinese port city of Tianjin, gray market traders of American-made cars, badly stung by a scything trade war and punitive tit-for-tat tariffs, are scrambling to take advantage of an opportunity they fear may prove only temporary. Imported vehicles are seen at a car dealership in Tianjin bonded zone, China January 2, 2019. Picture taken January 2, 2019. REUTERS/Yilei SunAt a car “supermarket” near the city’s busy harbor, importers told Reuters they were rushing to get “Made in America” cars through customs and revving up orders after Beijing temporarily cut tariffs on U.S. autos from Jan. 1. The activity at the port…

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Jaguar Land Rover to cut thousands of UK jobs after China, diesel slump: source

LONDON (Reuters) - Britain’s biggest carmaker Jaguar Land Rover (JLR) is set to announce “substantial” job cuts in the thousands, a source told Reuters, as the company faces double-digit drops in demand in China and a slump in sales for diesel cars in Europe. A Jaguar logo is seen on a car in central London, Britain, January 10, 2019. REUTERS/Toby MelvilleThe company builds a higher proportion of its cars in Britain than any other major or medium-sized carmaker and has also spent millions of pounds preparing for Brexit, in case there are tariffs or customs checks. JLR swung to a loss of 354-million pounds ($450 million) between…

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Ford Europe to slash thousands of jobs in turnaround plan

FILE PHOTO: The Ford logo is seen at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 29, 2018. REUTERS/Shannon StapletonFRANKFURT (Reuters) - Ford on Thursday said it will cut thousands of jobs, exit unprofitable markets and discontinue loss-making vehicle lines as part of a turnaround effort aimed at achieving a 6 percent operating margin in Europe. Ford said it will seek to exit the multivan segment, stop manufacturing automatic transmissions in Bordeaux in August, review its operations in Russia, and combine the headquarters of Ford U.K. and Ford Credit to a site in Dunton, Essex. “We are taking…

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Investors Were Spooked About Profits. Now Come the Facts.

It’s time to see the numbers. Investors are about to get a read on the health of corporate America, as businesses begin releasing quarterly profit reports and laying out expectations for the coming year.The results may resolve a roaring debate on Wall Street that has pitted economists, who have argued that the economy remains healthy, against investors, who pushed stocks to the brink of a bear market over concerns that growth is waning. “As we hear from more companies about how the year ended, we’ll get more color on which side has a better feel, the economics community or the equity community,” said Lori Calvasina, head of…

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South Korea, China urge concessions on both sides to end U.S.-North Korea standoff

SEOUL/SHANGHAI (Reuters) - China and South Korea called for concessions from the United States as well as North Korea, ahead of a possible second summit between North Korean leader Kim Jong Un and U.S. President Donald Trump, suggesting a U.S. pressure campaign aimed at the North’s denuclearization may be slipping. South Korean President Moon Jae-in said on Thursday that he would cooperate with the international community to at least partially ease sanctions to allow for some inter-Korean business and tourism ventures, while later noting that Pyongyang needed to take “bold steps” towards denuclearization to win concessions from Washington. “I think North Korea knows that they clearly have…

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China says trade talks with U.S. made progress on forced tech transfers, IP rights

BEIJING/SHANGHAI (Reuters) - China and the United States made progress on “structural issues” such as forced technology transfers and intellectual property rights in talks this week and more consultations are being arranged, China’s commerce ministry said on Thursday. FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10, 2018. REUTERS/Aly SongThe three-day talks in Beijing that wrapped up on Wednesday were the first face-to-face negotiations since U.S. President Donald Trump and his Chinese counterpart, Xi Jinping, met in Buenos Aires in December and agreed on a 90-day truce in a trade war that has disrupted the flow of hundreds of billions of dollars…

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