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Trudeau keeps key roles intact in cabinet rejig

Bloomberg Justin Trudeau is resetting after a rocky year dented his chances of re-election. The Canadian prime minister shuffled his cabinet on Wednesday, swapping roles like trade and natural resources — amid the purchase and eventual resale of Kinder Morgan Inc.’s Trans Mountain oil pipeline — while leaving key posts like finance and foreign affairs unchanged, ensuring a continuity of ...

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Tech shares lead stocks lower; dollar strengthens

Bloomberg US equities mostly edged lower as shares of slumping energy and technology companies offset gains in financials after Morgan Stanley earnings beat forecasts. European shares advanced after a mixed session in Asia. The Nasdaq Composite Index dropped from a record high as Google parent Alphabet Inc. faced a $5 billion fine and Twitter was downgraded. The dollar strengthened as ...

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China’s yuan hits one-year low

Bloomberg The yuan fell to the lowest since August as the dollar rallied, raising speculation that Chinese officials are comfortable with the currency’s weakness. The yuan fell as much as 0.29 percent to 6.7229 per dollar, while the overseas-traded currency also weakened. Chinese stocks reversed earlier gains, with the Shanghai Composite Index and the Hang Seng China Enterprises Index closing ...

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