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China’s rebounding producer prices a window to cut capacity

  Bloomberg The tailwind from surging factory prices is strengthening corporate profits and supporting growth, opening a window for China to deepen cuts in excess industrial capacity without inflicting too much damage on the broader economy. The catch: that window may not stay open for long. That’s because factory prices — forecast to have increased 7.7 percent in February from ...

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Fiat mulls to shift Panda manufacturing to Poland

  Bloomberg Fiat Chrysler Automobiles NV is considering shifting manufacturing of its Panda city car to low-wage Poland to create production space for more upscale models in Italy, according to people familiar with the matter, as earnings pressure on European automakers mounts amid stalling growth. Carmakers fighting for customers at the Geneva International Motor Show this week are aware that ...

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Trump enters Obamacare spat as Conservatives savage GOP plan

  Bloomberg President Donald Trump threw his weight behind a House Republican plan to replace Obamacare, even as conservatives mounted their own savage attack on the bill, with one Republican senator declaring it “dead on arrival” in the Senate. Trump held a White House meeting with the House Republican vote-counting team to rally them behind the bill, setting up an ...

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