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Stocks, commodities consolidate after latest trade war jolt

“The markets had some time to digest the latest trade war developments and are poised to begin consolidating” writes Midwest Communications Inc for 95kqds.com. The dollar index against a basket of six major currencies was steady at 94.765 after gaining 0.6 percent overnight.TOKYO (Reuters) – Stocks and commodities recovered slightly on Thursday as markets tried to consolidate from the previous session’s steep losses when fears of an escalation in the U.S.-China trade war jolted investor sentiment.Pointing to a moderately higher open for Wall Street shares later in the day, S&P…

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Jobs threat at Vauxhall car dealerships

“Vauxhall owner PSA Group is preparing to unveil a widespread cost-cutting plan that threatens thousands of jobs at its car dealerships across Britain” writes Ben Marlow for telegraph.co.uk. The company plans to consolidate hundreds of franchised outlets in ­response to falling sales, and industry sources said the move could be ­unveiled as early as Monday.PSA is thought to be considering taking the axe to as many as a third of its 300-plus Vauxhall dealerships in the UK. The company may also consolidate marques into single sites. Source: telegraph.co.uk Share This:

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How Putin clings onto phony nationalism to solidify power in Russia

“However, as he solidified power, Putin increasingly centralized political and economic power in his own hands and appropriated Russian cultural and historical symbols to help build support” writes John Sipher for businessinsider.com. In his view, outsiders had threatened Russia throughout history, and only a powerful leader could ensure a stable Russian state.He has usurped the role of the “Good Tsar” or “Vozhd” — and emphasized Russian power.Putin knows that power is fleeting. Source: businessinsider.com Share This:

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Honda says to consolidate two Japan factories into one around 2022

“TOKYO (Reuters) – Honda Motor Co said on Wednesday it plans to consolidate production at two of its Japanese plants in a single factory within the next five years to accommodate the production of electric vehicles and other new-technology vehicles” reports businessinsider.com. Honda said that production at its Sayama and Yorii plants just north of Tokyo would be consolidated into the newer Yorii plant by around March 2022. Source: businessinsider.com Share This:

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Markets News Oil Stocks 

MIDEAST STOCKS-Gulf may consolidate as oil recovers, volumes may stay low

“The majority of trade in Gulf stock markets will be momentum trading,” said a Dubai-based broker” writes Finanzen Net Gmbh for businessinsider.com. DUBAI, July 10 (Reuters) – A small recovery in crude oil prices and upbeat global stock markets may help their Gulf counterparts consolidate on Monday, but volumes could remain thin as investors await quarterly earnings.Analysts at Riyad Capital expect the Saudi petrochemical sector’s total earnings to fall 13 percent in the second quarter.Brent contracts were up 0.9 percent at $47.11 a barrel in Asian trade, recovering slightly from…

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