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Wall Street pummeled by escalating trade row

U.S. stocks sank in a broad sell-off on Monday, with the S&P 500 dropping more than 1.5 percent and technology firms bearing the brunt of an escalating trade dispute between the United States and other leading economies.

Recent Business News

We've changed, Uber tells court in London license battle

LONDON Uber [UBER.UL] accepted it had made mistakes but said it had changed on Monday in a court challenge to a decision stripping it of its London license after it was ruled unfit to run a taxi service in its most important European market. | Video

1:21pm EDT

Bank of Canada caught between rate hike and trade war

OTTAWA Bank of Canada Governor Stephen Poloz is under pressure to justify another rate hike or risk credibility by changing course, with a clear-cut case for higher rates endangered by a raging trade war with the United States.

2:54pm EDT

U.S. Treasury's Mnuchin says new investment curbs not specific to China

WASHINGTON U.S. Treasury Secretary Steven Mnuchin said on Monday that forthcoming investment restrictions from the department will not be specific to China but would apply "to all countries that are trying to steal our technology."

11:56am EDT

U.S. coal miners worry Trump-China trade dispute could hit exports

WASHINGTON U.S. coal mining companies are worried President Donald Trump’s intensifying trade dispute with China could hurt their booming export business, one of the ailing sector’s most important lifelines, according to industry players.

1:09pm EDT

BMW executive says would shut UK plants if Brexit hits supply chain

LONDON/FRANKFURT BMW would have to close its Mini and Rolls-Royce plants in Britain if Brexit seriously disrupts its supply chain, an executive at the German carmaker told the Financial Times.

1:37pm EDT

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