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China to help key industries to return to work as soon as possible – CCTV

BEIJING/SHANGHAI (Reuters) – China’s cabinet says workers in key industries must be helped to return to work as soon as possible in order to resume the production of vital food and medical supplies disrupted by the coronavirus outbreak, state broadcaster CCTV said on Sunday. The State Council’s special coronavirus group ordered railways, airlines and other public transport to take a coordinated approach and minimise the risk of transmitting disease. It also said workers should return in “batches” and not all at once in order to reduce infection risks. …read more […]

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3 “Strong Buy” Stocks With High-Yielding Dividends

Putting together a strong portfolio is more an art than a science. You have to balance share appreciation, potential upside, fundamental strength, and dividend yield to find the stock that will meet your needs. Do you want your investments to pay for themselves right away, or do you prefer a steady long-term gain? These are just a few of the factors to consider.It’s complicated by the sheer size of the stock markets. TipRanks tracks data on over 6,500 publicly traded stocks – and that’s just the tip of the iceberg. Fortunately, the Stock Screener tool makes it easy to find …read more […]

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WRAPUP 3-China's coronavirus deaths surpass SARS as millions stagger back to work

SHANGHAI/BEIJING, Feb 9 (Reuters) – China raised the death toll from the coronavirus epidemic to 811 on Sunday, passing the number killed globally by the SARS epidemic in 2002/2003, as millions prepare to return to work after an extended Lunar New Year break. Many of China’s usually teeming cities have almost become ghost towns during the past two weeks as Communist Party rulers ordered virtual lockdowns, cancelled flights, closed factories and shut schools. China has blocked a plan by Apple Inc supplier Foxconn Technology Co Ltd to resume production in China from Monday, the Nikkei business daily reported. …read more […]

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U.S. energy secretary hopes Mexico, Canada will help export American coal

U.S. Energy Secretary Dan Brouillette said on Friday that Canada and Mexico could help export U.S. coal to Asia to get around the blocking of shipments by West Coast states concerned about the impact of the fuel on climate change. Brouillette said he expects the two U.S. neighbors will offer opportunities to export coal in talks that could be facilitated by the new North American trade agreement, the United States-Mexico-Canada Agreement, or USMCA, that President Donald Trump signed last month. …read more […]

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OPEC+ panel calls for more oil cuts on coronavirus impact – Algeria

An OPEC, non-OPEC technical panel has recommended extending a current oil supply cut pact until the end of 2020 and more output reductions due to the impact of the coronavirus on oil demand, Algeria’s oil minister said in a statement. Mohamed Arkab, who currently holds the presidency of the Organization of the Petroleum Exporting Countries (OPEC), also said that the OPEC+ Joint Technical Committee, known as the JTC, has recommended that “an additional reduction in production be made until the end of the second quarter of 2020”. …read more […]

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Tesla can get support for German factory: Economy Minister

Tesla could get state subsidies in its plan to set up a gigafactory in Germany, the country’s economy minister told a weekly newspaper. “In my conversations with (Tesla CEO) Elon Musk I have always made clear that there are no privileges but also no discrimination,” Peter Altmaier told Welt am Sonntag in an interview. The German government has earmarked financial support for making electric car battery cells locally as a way to secure manufacturing jobs as tougher emissions rules threaten demand for older technologies, like diesel engines. …read more […]