Investors who bet on European semiconductor stocks to profit from innovations being packed into smartphones and advanced vehicles are facing the grim reality that both industries are hitting a rough patch at the same time.
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Gold prices edged lower on Wednesday, a day after hitting their highest level in more than five weeks, as comments from a Federal Reserve official kept alive the prospect of gradually rising U.S. interest rates.
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Petroleo Brasileiro SA said on Wednesday that the Brazilian state-controlled oil company could raise $26.9 billion through asset sales and partnerships by 2023 as part of a new strategic business plan calling for further debt reduction.
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Palladium soared to a record high on Tuesday, fuelled by speculative interest and tight supplies of the autocatalyst metal, briefly surpassing bullion, which scaled to more than a five-week peak as the dollar slid.
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Volkswagen AG’s chief executive said on Tuesday after a meeting at the White House that the German automaker was building an alliance with Ford Motor Co and might use the U.S. automaker’s plants to build cars.
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U.S. President Donald Trump on Tuesday held out the possibility of an extension of the 90-day trade truce with China but warned he would revert to tariffs if the two sides could not resolve their differences.
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