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Tech shares slide deepens as bonds drop, oil breaches $70

Bloomberg The biggest technology shares fell for a third day as investors showed signs of exhaustion with the sector amid a slew of corporate earnings. Government bonds declined ahead of key policy meetings from some of the world’s biggest central banks. The Nasdaq 100 Index sank almost 1 percent as the FANG cohort tumbled 2.2 percent, led by Netflix Inc. ...

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Iranian rial tumbles as US sanctions loom

Bloomberg Iran’s rial tumbled to another historic low, resisting government efforts to shore up the economy as the restoration of US sanctions looms. In an effort to signal they’re taking action to fight profiteering and cushion the blow of the US economic offensive, authorities have rounded up more than two dozen merchants who they say exploited government currency measures for ...

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BMW, Daimler to bear burden of Trump’s trade war in China

Bloomberg BMW AG and Daimler AG are facing more pain in China after higher tariffs on US-imported cars force price hikes and consumers hold back on their next purchase. BMW, which like Daimler AG ships US-made sport utility vehicles to China, said it will join Tesla Inc. in raising prices in the Asian country. The steeper charges are a result ...

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