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Merkel, Xi agree to work on steel overcapacity within G20

BERLIN: German Chancellor Angela Merkel and Chinese President Xi Jinping discussed overcapacity in world steel markets and agreed on Saturday to work on solutions within the framework of the G20 group of industrialised nations, Merkel's spokesman said.

German Chancellor Angela Merkel

Wall Street's tech love affair might end in tears

SAN FRANCISCO: Outsized returns delivered by, Netflix and other heavyweight technology stocks have made them heroes on Wall Street, but some strategists warn that investors' reliance on them exacerbates the risk of a steep downturn.

Amazon's 35 percent surge in 2018 has pushed its market capitalization up to $770 billion, equivalent to 3 percent of the S&P 500 and close behind Apple's nearly 4 percent share of the index.

World markets themes for the week ahead

LONDON: Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

The U.S. Federal Reserve's first meeting with new head Jerome Powell at the helm takes place on Tuesday and Wednesday and an interest rate rise - this year's first - is seen as a done deal.

Return of volatility

What are we to do? by Lin See-Yan
Are we ready for the next financial crisis?

Repeat of mistakes: A steelworker checks the temperature of molten metal in furnace at a steel plant in Pennsylvania. Trump protectionist measures – new tariffs on steel and aluminium – may look like a repetition of President George W. Bush’s mistakes. — AFP