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Mexico’s top court strikes down decree tied to Grupo Mexico railway takeover

MEXICO CITY (Reuters) -Mexico’s top court invalidated a presidential decree on Monday that declared a pair of major transport projects a matter of national security, which would have reduced civilian oversight and made future legal challenges more difficult. One of the projects is a rail line known as the Mayan Train which aims to link …

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Turkey’s third-place candidate endorses Erdogan in runoff

By Burcu Karakas and Huseyin Hayatsever ANKARA (Reuters) – Turkey’s third-place election candidate endorsed President Tayyip Erdogan on Monday, boosting the incumbent and intensifying the challenges for opposition candidate Kemal Kilicdaroglu in a Sunday runoff vote. Sinan Ogan, a hardline nationalist who was little known among the broader public before the campaign, won 5.2% support …

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Russian governor says Ukrainian ‘saboteurs’ cross border, Ukraine credits partisans

(Reuters) -The governor of Russia’s Belgorod region said on Monday that a Ukrainian “sabotage group” had entered Russian territory in the Graivoron district bordering Ukraine and was being repelled by Russian security forces. Unverified reports of attacks well past midnight on the main town of the region bordering Ukraine were posted on social media. Reports …

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Analysis-China’s Micron ban highlights chipmakers’ dilemma as Sino-U.S. tensions grow

By Joyce Lee SEOUL (Reuters) -China’s ban on the use of U.S.-based Micron Technology’s chips in certain sectors, announced on Sunday, is a stark reminder of risks facing the global chip industry as it braces for escalating Sino-U.S. trade tensions. China’s move against Micron, the biggest U.S. memory chipmaker, was widely seen as retaliation for …

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India’s Shree Cement reports 15% fall in Q4 profit on rise in input costs

BENGALURU (Reuters) – Shree Cement Ltd, India’s second-biggest cement company by market capitalisation, reported a 15.3% fall in fourth-quarter profit on Monday as higher input costs outpaced growth in revenue. The company reported a profit of 5.46 billion Indian rupees ($66.76 million) for the quarter ended March 31, compared to 6.45 billion rupees a year …

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Wall Street mixed, European stocks flat as US debt ceiling talks progress

By Chris Prentice and Nell Mackenzie NEW YORK/LONDON (Reuters) -Wall Street shares were mixed and European stocks finished little-changed as talks in Washington resumed to avert a U.S. default, while gold prices retreated under pressure from hawkish remarks by Federal Reserve officials. Oil prices finished higher on demand optimism. U.S. treasury yields rose. House Republican …

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