“We eliminated a potentially disastrous event” — oil stocks surge after Line 3 approval

“We eliminated a potentially disastrous event” — oil stocks surge after Line 3 approval

CALGARY – Investors are returning to the long-shunned oil patch following a critical approval of Enbridge Inc.’s Line 3 pipeline project through Minnesota this week. Long-depressed Canadian energy stocks surged Friday after the market digested the news that a Democrat-controlled regulatory commission in Minnesota approved a critical pipeline through the state a day earlier, with…

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The EU argues till dawn on migration, and achieves little

The EU argues till dawn on migration, and achieves little

THERE is a pattern to European Union summits about subjects on which governments cannot agree. First, leaders stay up all night to signal their commitment. Second, they issue a statement sufficiently vague and contradictory to allow everyone to declare victory. Third, officials charged with implementing the agreement argue endlessly over how to interpret it. This…

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‘This is not trivial’: Fiat Chrysler making trade contingency plans on a ‘massive scale’

‘This is not trivial’: Fiat Chrysler making trade contingency plans on a ‘massive scale’

Fiat Chrysler Automobiles NV is developing contingency plans to adjust its manufacturing footprint should U.S. President Donald Trump’s hardball trade tactics result in higher auto tariffs or the collapse of existing trade agreements. The Italian-American automaker has been entertaining alternative production plans since Trump was elected, said Bob Lee, the powertrain leader on Chief Executive…

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