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Global Markets: Shares slide on trade war, German coalition concerns

A renewed slide in Chinese shares and a sobering set of factory surveys sucked world shares lower on Monday, while European markets and the Mexican peso were both jolted by political developments at home. It was the first day of the new month, quarter and half-year but there was no let up for bruised investors after the worst start to a year for world shares since 2010. Europe started with a thud too, with the pan-European STOXX 600 index dropping 1 percent and the euro down 0.5 percent against the dollar at $1.1630 as the stability of Germany’s …read more […]

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Tesla Finally Hits Model 3 Target

Jul.02 — According to Elon Musk, Tesla “just became a real car company.” That as the electric automaker finally exceeded a production target for its Model 3. In the email, the CEO says the company produced 5,000 of the mass market sedans last week, a goal initially set for the end of last year. Bloomberg’s Dave McCombs reports on “Bloomberg Daybreak: Europe.” …read more […]

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Euro hit by German coalition crisis, Mexican peso gains as Lopez Obrador wins

The euro slipped back in Asian trade on Monday after German Chancellor Angela Merkel was dealt a fresh blow when her interior minister offered to quit in an escalating row over migration policy. Interior Minister Horst Seehofer, who has called for tougher border controls, said he was ready to step down as minister and as chair of his Christian Social Union (CSU), junior coalition partner in Merkel’s government. …read more […]