MEXICO CITY— Mexican regulatory authorities say an investigation has found that an effective rail duopoly between Kansas City Southern and Grupo Mexico has increased transport costs and created a lack of competition in rail freight. The Commission on Competition said Wednesday that the U.S. and Mexican firms own most of a third rail company, Ferrovalle.
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U.S. equities closed higher in choppy trade on Friday after Donald Trump took a protectionist tone in his first speech as president.
U.S. equities closed lower on Thursday as investors eagerly awaited President-elect Donald Trump's inauguration.
U.S. stocks closed mixed on Wednesday as investors awaited remarks from the top Federal Reserve official.
U.S. equities fell on Tuesday, with financials lagging, as uncertainty around President-elect Donald Trump's policies grew.
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The Dow Jones transportation average hit a new multiyear high dating back to March 2015 on Thursday.
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Discussing the impact of Trump's policy on the markets. With Kathryn Thompson, Thompson Research Group CEO, focusing on infrastructure, and Jim Corridore, CFRA Research airline analyst, on railroads.
While most infrastructure stocks rallied, Kansas City Southern declined more than 10 percent on Wednesday.
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