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European stocks fall on Ukraine-Russia fears, US focused on earnings

Stock markets fell in Europe but finished mostly higher in New York Tuesday as markets weighed worries about escalating conflict between Russia and Ukraine.Moscow vowed to react “accordingly” after saying Ukraine had fired its first US-made long-range missile onto Russian territory, after being cleared to do so by US President Joe Biden. “The news rattled markets …

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Trump names China hawk Howard Lutnick as US commerce secretary

US President-elect Donald Trump nominated Howard Lutnick, the co-chair of his transition team, as his commerce secretary on Tuesday — a choice set to bring a tougher stance on China from the incoming administration.Lutnick will also lead the country’s tariff and trade agenda, with “additional direct responsibility for the Office of the United States Trade …

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