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Trump calls on U.S. firms to exit China as trade war escalates

WASHINGTON/BEIJING President Donald Trump on Friday pressured U.S. companies to leave China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, stoking fears their escalating trade war will tip the global economy into recession.

Regional Markets News

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UPDATE 1-Speculators cut net long dollar bets to lowest in more than a year -CFTC, Reuters

Speculators' net long dollar position fell to its lowest in more than a year, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $13.327 billion in the week ended Aug. 20, compared with $16.7 billion in the previous week. This week's net long dollar position was the smallest since early July 20

UPDATE 1-Speculative Eurodollar net longs fall from record high -CFTC

Speculators scaled back record-high bullish positions in Eurodollar futures earlier this week due to reduced expectations of aggressive interest rate-cutting from the Federal Reserve, government data released on Friday showed. Long positions in Eurodollar rates contracts exceeded short positions by 2.005 million contracts, down 61,871 from the previous week's record high level, according

US STOCKS SNAPSHOT-Wall St sinks as U.S.-China trade tensions boil

Wall Street tumbled on Friday after the U.S.-China trade war escalated in dramatic fashion, with President Donald Trump demanding that American companies seek alternatives to doing business with China after Beijing announced its own slate of retaliatory measures.

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