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UK’s May plans ‘lock-in’ to end cabinet war over Brexit

Bloomberg Prime Minister Theresa May will seek to quash Cabinet squabbling over her Brexit strategy by hosting another away-day at her countryside retreat early next month, as a potentially explosive new proposal emerged. May is facing a torrid time trying to reconcile Brexit backers and pro-Europeans in her top team, with the fight laid bare spectacularly. First there was widespread ...

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China is not feeling the yuan market love

The relationship between the value of the yuan and the US dollar has broken down in the first few months of 2018, raising questions over the actions and objectives of China’s central bank. Since unveiling a basket of reference currencies used to set the yuan’s exchange rate in 2015, the People’s Bank of China (PBOC) has largely left it alone. ...

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Fanuc in trouble? Talk to the ‘robot’ hand

Talk of the demise of the world’s largest industrial-machinery maker is probably overdone. Fanuc Corp., the low-key Japanese automation giant whose machines pepper factory floors across the globe, has fallen from investors’ grace: The stock is down more than 30 percent from its January high, while the Topix index has lost less than 6 percent. Much of the gloom stems ...

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