GM tells Mexico workers it plans May 20 restart at Silao plant

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FILE PHOTO: A general view shows the GM pickup and transmission plant in Silao, Mexico October 9, 2015. REUTERS/Sergio Maldonado/File Photo

MEXICO CITY (Reuters) – General Motors Co is tentatively planning to restart operations at its auto assembly plant in the Mexican city of Silao on May 20, according to a message to workers seen by Reuters, as the local car industry prepares to exit the coronavirus lockdown.

Workers at the plant in the central state of Guanajuato that has been idled for weeks due to the coronavirus outbreak, had previously been told to plan to return to work on

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China says opposed to latest U.S. rules against Huawei

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FILE PHOTO: The Huawei logo is pictured in the Manhattan borough of New York, New York, U.S., July 15, 2019. REUTERS/Carlo Allegri

BEIJING (Reuters) – China’s commerce ministry said on Sunday it is firmly opposed to the latest rules by the United States against Huawei and will take all necessary measures to safeguard Chinese firms’ rights and interests.

The ministry said in a statement that it urges the United States to immediately stop the wrong actions.

The Trump administration on Friday moved to block global chip supplies to blacklisted telecoms equipment company Huawei Technologies, spurring fears of Chinese retaliation and

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U.S. Senator Rubio calls for fast action to extend U.S. payroll protection program

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WASHINGTON (Reuters) – The United States needs to quickly revise its coronavirus aid program for small businesses to extend the eight-week period in which the law currently requires companies to spend the money, a key U.S. senator said on Sunday.

The Paycheck Protection Program established by Congress in late March was aimed at helping businesses keep making payroll for eight weeks, despite orders to shutdown because of the coronavirus pandemic. The eight-week period may be applied to any time frame from mid-February up to June 30.

But with many businesses that received loans under the $660 billion PPP program moving

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Pricey stocks put investors at risk right now: Bryn Mawr’s Jeff Mills

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Stocks may be coming off their worst week in about two months, but Bryn Mawr Trust’s Jeffrey Mills warns there are few bargains.

He believes Wall Street isn’t accurately pricing in pain of the economic shutdowns.

“We don’t love the risk-reward right now in the stock market,” the firm’s chief investment officer told CNBCs “Trading Nation” on Friday. “We did use the rally above 2,800 [on the S&P 500] to lighten up a little bit on equities.”

It’s a strategy he outlined on the show in late March. By mid-April, he was cutting his exposure, and it’s a move he

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