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  • Investors look to earnings for market direction
    Investors attempting to determine whether U.S. equities will rebound from Friday's selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy. Equities lost ground after industrials Honeywell International and General Electric took hits from the strong dollar, while concerns over new trading regulations in China and Greece's place in the euro zone dented sentiment. Investors have grown concerned about the impact of a strong dollar on quarterly results, even as they remain leery of missing out on any rally. "Our markets will get kind of quiet again as we wait for some of those earnings and what is going to happen on the 24th with Greece," said Keith Bliss, senior vice-president at Cuttone & Co in New York.
  • Russia denies German report it is ready to sign gas deal with Greece
    MOSCOW/BERLIN (Reuters) - Russia denied on Saturday a German media report suggesting that it could sign a gas pipeline deal with Greece as early as Tuesday which could bring up to five billion euros into Athens' depleted state coffers. German magazine Der Spiegel, citing a senior figure in Greece's ruling Syriza party, said the advance funds could "turn the page" for Athens, which is now struggling to reach a deal with its creditors to unlock new loans to avert bankruptcy. "No, there wasn't (any agreement)," said Kremlin spokesman Dmitry Peskov, in comments made to Business FM radio and quoted by RIA news agency. Peskov reiterated that the Greeks had not requested financial assistance during talks in the Kremlin earlier this month between Prime Minister Alexis Tsipras and Russian President Vladimir Putin.
  • Taurus revamp debuts in China as Ford counters U.S. sedan slump
    SHANGHAI/DETROIT (Reuters) - Ford Motor Co's (F.N) global premiere of its redesigned Taurus sedan in China underscores a shift in its U.S. home market from the big sedan to roomier, utilitarian crossover SUVs. There's a similar trend in China, the world's biggest car market, but there is still a decent appetite among Chinese buyers for large sedans while, in the United States, demand has stagnated. According to research firm IHS Automotive, China's market for large sedans has overtaken the United States, with sales of around 4 million last year, topping the 3.6 million sold in the U.S. By 2020, IHS expects that gap to have widened to 5.3 million large sedans in China and 3.7 million in the U.S. Ford unveiled the Taurus redesign, which it says is aimed specifically for the Chinese market and won't be for sale in the U.S., at a media event on Saturday ahead of the Shanghai autoshow.

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