Category: Reuters
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Trump to visit North Carolina as scandal swirls around Republican ally By Reuters
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By James Oliphant (Reuters) – Republican presidential nominee Donald Trump’s campaign said his party’s candidate for governor of North Carolina, who faces a tough race, will not join him when he visits the key electoral state on Saturday. Trump had previously endorsed Mark Robinson, the subject of an explosive CNN…
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Harris accepts CNN invitation to second debate, urges Trump to join By Reuters
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WASHINGTON (Reuters) – U.S. Vice President Kamala Harris’ campaign said on Saturday she has accepted a CNN invitation to participate in an Oct. 23 debate and hopes to face Republican rival Donald Trump again less than two weeks before the Nov. 5 presidential election. “Vice President Harris is ready for…
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Sterling feeds on peculiarly high BoE ‘terminal rate’: Mike Dolan By Reuters
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By Mike Dolan LONDON (Reuters) – Tight monetary policy combined with an austerity fiscal agenda usually leads to a stronger currency, and the pound is rallying in anticipation of that. But it’s not at all clear why the UK government or the Bank of England wants the pound to appreciate…
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Dollar strengthens versus yen as BOJ strikes cautious stance on rate hikes By Reuters
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By Chibuike Ojoh and Linda Pasquini NEW YORK/LONDON (Reuters) – The dollar rose against the yen on Friday to a two-week high after the Bank of Japan left interest rates unchanged and signaled it was in no rush to raise them again. Bank of Japan Governor Kazuo Ueda said at…
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Exclusive-Iran withheld launchers for missiles sent to Russia, sources say By Reuters
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By Jonathan Landy, Phil Stewart, and Anthony Deutsch WASHINGTON (Reuters) – Iran has not installed mobile launchers with the short-range ballistic missiles that Washington accused Tehran last week of supplying to Russia for use against Ukraine, three sources familiar with the matter said. The sources — a European diplomat, a…
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Japan top FX diplomat says watching for any build-up of yen carry trades, NHK reports By Reuters
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TOKYO (Reuters) – Japan’s top currency diplomat Atsushi Mimura said in an interview broadcast on Friday that authorities are “always monitoring markets” while renewed yen trading could increase market volatility, public broadcaster NHK reported. Mimura said that yen trades built up in the past are likely to be mostly liquidated,…
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Japan top FX diplomat says watching for any build-up of yen carry trades, NHK reports By Reuters
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TOKYO (Reuters) – Japan’s top currency diplomat Atsushi Mimura said in an interview broadcast on Friday that authorities are “always monitoring markets” while renewed yen trading could increase market volatility, public broadcaster NHK reported. Mimura said that yen trades built up in the past are likely to be mostly liquidated,…
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X names Brazil legal representative as it fights ban in the country By Reuters
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BRASILIA (Reuters) – Elon Musk’s social media company X has appointed a legal representative in Brazil, lawyers for the company said on Friday, a move that would address one of the demands imposed by Brazil’s Supreme Court to allow the company to operate in the country. Andre Zonaro and Sergio…
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Boeing’s space and defense chief exits in new CEO’s first executive move By Reuters
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By Joe Brock, David Shepardson, and Tim Heffer Boeing Co said Friday the head of its embattled space and defense unit will leave the company immediately, in the first management shakeup under new CEO Kelly Ortberg. Ortberg, who took over in August, said Ted Colbert will step down and Steve…
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FTC Chair Lina Khan welcomes companies weighing antitrust in deals, addresses critics By Reuters
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Written by Judy Godoy and Lananh Nguyen NEW YORK (Reuters) – U.S. Federal Trade Commission Chair Lina Khan on Friday welcomed companies evaluating antitrust considerations early in the deal-making process. “When you see greater scrutiny of mergers, you see greater deterrence of illegal mergers,” Khan told the Council on Foreign…
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Qualcomm approached Intel about a takeover in recent days, WSJ reports By Reuters
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(Reuters) – Qualcomm Inc has made a $300 billion takeover bid for chipmaker Intel Corp in recent days, the Wall Street Journal reported on Friday, citing people familiar with the matter. Intel shares closed up 3.3%, while Qualcomm (NASDAQ:) shares fell 2.9%. Qualcomm has a market cap of $188 billion,…
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Qualcomm approached Intel about a takeover in recent days, WSJ reports By Reuters
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(Reuters) – Qualcomm Inc has made a $300 billion takeover bid for chipmaker Intel Corp in recent days, the Wall Street Journal reported on Friday, citing people familiar with the matter. Intel shares closed up 3.3%, while Qualcomm (NASDAQ:) shares fell 2.9%. Qualcomm has a market cap of $188 billion,…
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US nuclear regulator has not gotten application for Three Mile Island restart By Reuters
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By Timothy Gardner and Leila Kearney WASHINGTON (Reuters) – The U.S. Nuclear Regulatory Commission said on Friday it has not yet received a request from Constellation Energy to restart the Three Mile Island nuclear reactor. Constellation and Microsoft (NASDAQ:) have signed a data center agreement to help restart a nuclear…
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Russia discussing hefty hike in ‘exit tax’ for foreign firms, RBC reports By Reuters
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MOSCOW (Reuters) – Russian authorities are discussing increasing the one-time contribution foreign companies leaving the country must make to the state budget to 40 percent from 15 percent, the RBC daily reported on Friday, citing four sources. Russia has steadily tightened exit requirements for foreign companies since Western sanctions were…
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Global investors brace for turmoil as big Fed cut sows confusion By Reuters
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By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) – Major global investors are on alert for sharp market volatility after a big U.S. interest rate cut sparked confusion over whether the market-dominating global economy will boom or slump, clouding the outlook for stocks, bonds and currencies around the world. Global…
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Analysis-UniCredit’s Orcel takes aim at Europe’s banking borders with Commerzbank bet By Reuters
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By John O’Donnell FRANKFURT (Reuters) – For decades, Andrea Orcel has been the “rainmaker” to whom chief executives turned for advice on the big deals that reshaped the banking landscape. Now, as CEO of UniCredit, the Italian has set himself his biggest test yet — breaking Europe’s deep-rooted political resistance…
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Bullish bets steady on Asian currencies as Fed easing bets soften dollar, Reuters poll shows By Reuters
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Written by Sameer Manikkar Analysts remained bullish on most Asian currencies, although some pared bets slightly, as a defensive U.S. dollar driven by a dovish Federal Reserve boosted the appeal of risk-sensitive assets, a Reuters poll showed on Thursday. Long bets were highest on the Malaysian ringgit and the Thai…
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Zimbabwe’s new currency faces headwinds five months on By Reuters
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By Nyasha Chingonu HARARE (Reuters) – Five months after its launch, Zimbabwe’s new currency is under pressure as foreign reserves are eroded by rising grain imports, putting at risk the government’s plan to make it the sole currency on the market by 2026. Zimbabwe’s gold-backed Zig is the country’s sixth…
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Vietnam’s top leader Lam to visit US, Cuba next week By Reuters
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HANOI (Reuters) – Vietnamese President and ruling Communist Party chief To Lam will pay a working visit to the United States next week and attend the 79th session of the United Nations General Assembly in New York, a government statement said. Lam will then pay an official visit to Cuba,…