Category: News
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China Stimulus Hopes Rise as PBOC Cuts Rate, Plans Briefing
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China announced plans for a rare economic briefing by three top financial regulators as it cut one of its short-term interest rates, raising speculation that officials are preparing to step up efforts to revive growth. Most Read from Bloomberg Authorities announced Monday that central bank governor Pan Gongsheng would hold…
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ForexLive Asia-Pacific FX news wrap: Gold hits a new record high
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Kamala Harris favorability surge is most since Bush after 9/11
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US Vice President Kamala Harris leads Donald Trump in two national polls of registered voters released Sunday, underscoring her momentum as US presidential candidates struggle to gain momentum as early voting begins in several states. Harris leads the former president and Republican nominee 49% to 44%, within the margin of…
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Kamala Harris favorability surge is most since Bush after 9/11
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US Vice President Kamala Harris leads Donald Trump in two national polls of registered voters released Sunday, underscoring her momentum as US presidential candidates struggle to gain momentum as early voting begins in several states. Harris leads the former president and Republican nominee 49% to 44%, within the margin of…
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How Kirubi group exit sparked Old Mutual shareholder battle
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Three Kenyan billionaires – James Mogiye, the late Chris Kirby and Joe Wangui – have controlled UAP Holdings for years, which has paid them huge dividends from years of consistent profitability. The money tycoons also made billions of dollars from calculated stock sales that left a bad taste in the…
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Rachel Reeves urges end to remote working in favour of office return
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Rachel Reeves has called on workers to return to the office, stressing the benefits of in-person collaboration, as she prepares to set out Labour’s economic vision at the party’s conference in Liverpool this week. Frankly speaking Interview with The TimesThe Chancellor has rejected the idea of remote working, saying she…
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Rachel Reeves urges end to remote working in favour of office return
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Rachel Reeves has called on workers to return to the office, stressing the benefits of in-person collaboration, as she prepares to set out Labour’s economic vision at the party’s conference in Liverpool this week. Frankly speaking Interview with The TimesThe Chancellor has rejected the idea of remote working, saying she…
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Citigroup’s China expansion plan put on hold by US regulators, Bloomberg News reports By Reuters
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(Reuters) – Citigroup Inc.’s plan to expand into China has hit a snag with U.S. regulators after the Federal Reserve sanctioned the bank over its data management and risk controls, Bloomberg News reported on Sunday. The bank is facing delays in setting up an independent securities firm because it has…
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Citigroup’s China expansion plan put on hold by US regulators, Bloomberg News reports By Reuters
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(Reuters) – Citigroup Inc.’s plan to expand into China has hit a snag with U.S. regulators after the Federal Reserve sanctioned the bank over its data management and risk controls, Bloomberg News reported on Sunday. The bank is facing delays in setting up an independent securities firm because it has…
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Coles, Woolworths Sued by Regulator for Misleading Discounts
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Breadcrumbs Path Links PMN Business Australia’s competition regulator has filed a lawsuit against Coles Group Ltd and Woolworths Group Ltd, the country’s two largest supermarket chains, over allegations they misled shoppers about discount claims on hundreds of popular products. Article author: Bloomberg News Peter Vercoe Published on September 22, 2024…
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Coles, Woolworths Sued by Regulator for Misleading Discounts
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Breadcrumbs Path Links PMN Business Australia’s competition regulator has filed a lawsuit against Coles Group Ltd and Woolworths Group Ltd, the country’s two largest supermarket chains, over allegations they misled shoppers about discount claims on hundreds of popular products. Article author: Bloomberg News Peter Vercoe Published on September 22, 2024…
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Markets wary of Gideon Sa’ar joining government
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The trend in yesterday’s session on the Tel Aviv Stock Exchange and in the foreign exchange market was negative, and it worsened as the day went on. This was in contrast to the global trend of a weaker US dollar, and the mixed trend on European stock exchanges and in…
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Apollo eyes $5 billion investment in Intel, Bloomberg News reports By Reuters
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(Reuters) – U.S. asset manager Apollo Global Management Inc (NYSE:) has offered to invest up to $5 billion in Intel Corp (NASDAQ:), Bloomberg News reported on Sunday. Apollo has indicated in recent days that it is prepared to make a multibillion-dollar equity-like investment in Intel, the report said, citing a…
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JD Vance says he’s worried about a ‘death spiral’ in the US bond market. Here’s what he’s talking about.
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Drew Hallowell/Getty Images JD Vance recently warned of a “death spiral” in the U.S. bond market. Vance’s concerns relate to the United States servicing its $35 trillion debt. “Are they trying to bring down the Trump presidency by sending bond prices higher?” asked JD Vance. US vice presidential candidate J.D.…
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Understanding teen suicide and how parents can help
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“The pain is indescribable,” Rachel Kia begins, her voice sad. “You can never imagine outliving your child, and when it happens because of suicide, there’s an extra layer of guilt and confusion. You keep asking yourself: What did we miss? What could we have done differently?” Even two years after…
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South Yorkshire selected for £1.5bn mini-nuclear reactor factory, creating 3,000 jobs
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South Yorkshire is set to host the UK’s first dedicated small nuclear reactor (SMR) factory, a major boost to the region’s economy and the UK’s nuclear industry. Holtec, a privately owned nuclear company based in Florida, has chosen South Yorkshire as its preferred location for the £1.5bn facility after considering…
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New York Is Hosting the Unofficial Climate Summit of the Year
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Breadcrumb Trail Links PMN Business Climate Week NYC will be drawing in bankers and diplomats who usually show up at the United Nations’ annual climate summits. Author of the article: Bloomberg News Bloomberg Green Published Sep 22, 2024 • 9 minute read You can save this article by registering for…