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Fed policymakers agree Trump fiscal boost poses inflation risk

Almost all Federal Reserve policymakers thought the economy could grow more quickly because of fiscal stimulus under the Trump administration and many were eyeing faster interest rate increases, minutes from the central bank’s December meeting showed. The minutes, released on Wednesday, showed how broadly views within the Fed are shifting …

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Chided by Trump, Ford scraps Mexico factory, adds Michigan jobs

Ford Motor Co (F.N) on Tuesday scrapped a planned Mexican car factory and added 700 jobs in Michigan following criticism by Donald Trump, as the U.S. president-elect turned his attention toward rival General Motors Co (GM.N) with the threat of a “big border tax” over compact cars made in Mexico. …

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Asia stocks edge up in positive start to 2017, dollar resumes climb

Global markets marched confidently into 2017 on Tuesday, with Asian stocks extending gains after European shares surged to their highest in a year, while the dollar resumed its climb after last week’s stumble. Markets were buoyed by signs of solid factory growth in China and Europe, giving the global manufacturing …

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Hyundai, Kia aim to grow 2017 sales to 8.25 million vehicles globally

Hyundai Motor Co (005380.KS) and affiliate Kia Motors (000270.KS) said on Monday they aim to increase their combined sales to 8.25 million vehicles globally in 2017, despite rising competition. The 2017 target is slightly higher than their 2016 goal of 8.13 million vehicles. The South Korean automakers’ final sales figures …

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Apple to cut iPhone production in first quarter of 2017: report

Apple Inc (AAPL.O) will trim production of iPhones by about 10 percent in the January-March quarter of 2017, the Nikkei financial daily reported on Thursday, citing calculations based on data from suppliers. The company had slashed output by 30 percent in January-March this year due to accumulated inventory, the paper …

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Asia stocks to end 2016 on buoyant note, euro calms after early spike

Asian stocks looked set to end 2016 on an upbeat note, while profit-taking weighed on the dollar and the euro held near a two-week high after spiking early in the day. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.5 percent on Friday, diverging from Wall Street, which …

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Asia follows Wall Street higher, upbeat U.S. data lifts dollar vs yen

Asia stocks followed Wall Street higher on Wednesday, while the dollar firmed against the yen following the release of upbeat U.S. economic data overnight. Crude oil prices held large gains on expectations of supply tightening once oil-producing nations implement a scheduled output cut. MSCI’s broadest index of Asia-Pacific shares outside …

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