Category: Reuters
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US dollar rises broadly as inflation data underpins smaller Fed cut By Reuters
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By Gertrude Chavez Dreyfus NEW YORK (Reuters) – The U.S. dollar rose on Friday after data showed a key measure of inflation came in in line with expectations, while personal spending and income increased, supporting expectations that the Federal Reserve will likely cut interest rates by a smaller 25 basis…
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Billionaire Buffett again sells BofA shares worth about $845 million By Reuters
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(Reuters) – Warren Buffett’s Berkshire Hathaway Inc has further reduced its stake in Bank of America Corp by selling about $845 million in shares, a regulatory filing showed on Friday. The group run by one of the world’s most respected investors has sold more than $6 billion worth of shares…
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Artisan urges Seven&i for takeover bid update by Sept 19 By Reuters
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Written by Rocky Swift and Kevin Buckland TOKYO (Reuters) – U.S. asset manager Artisan Partners has stepped up pressure on its holdings in Japanese companies Seven and Ai, asking its board to provide an update on a takeover bid by Canada’s Alimation Couture by Sept. 19. In a letter dated…
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Artisan urges Seven&i for takeover bid update by Sept 19 By Reuters
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Written by Rocky Swift and Kevin Buckland TOKYO (Reuters) – U.S. asset manager Artisan Partners has stepped up pressure on its holdings in Japanese companies Seven and Ai, asking its board to provide an update on a takeover bid by Canada’s Alimation Couture by Sept. 19. In a letter dated…
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Brazil watchdog moves to block access to Elon Musk’s X after court order By Reuters
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Written by Lisandra Paraguaso, Luana Maria Benedetto and Ricardo Brito SAO PAULO/BRASILIA (Reuters) – Brazil’s telecommunications regulator said on Friday it will continue to suspend access to Elon Musk’s social media network X in the country in compliance with an order from a judge embroiled in a months-long dispute with…
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Goldman to lay off a few hundred employees in annual talent review, source says By Reuters
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Written by Manya Saini (Reuters) – Goldman Sachs plans to cut several hundred jobs as part of an annual review process targeting underperforming companies, a person familiar with the matter told Reuters on Friday. The investment bank has reintroduced performance-related job cuts in 2022 after a two-year pause due to…
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US requests trade dispute consultations with Canada over new digital services tax By Reuters
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By David Loder WASHINGTON (Reuters) – The Biden-Harris administration said on Friday the United States has requested consultations to resolve trade disputes with Canada over a new digital services tax, adding that the “discriminatory” tax appears inconsistent with Canada’s obligations under the North American Trade Agreement. The U.S. Trade Representative’s…
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US requests trade dispute consultations with Canada over new digital services tax By Reuters
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By David Loder WASHINGTON (Reuters) – The Biden-Harris administration said on Friday the United States has requested consultations to resolve trade disputes with Canada over a new digital services tax, adding that the “discriminatory” tax appears inconsistent with Canada’s obligations under the North American Trade Agreement. The U.S. Trade Representative’s…
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Australia’s Star Entertainment halts trading to assess impact of regulatory findings By Reuters
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Star Entertainment said on Friday its Australian-listed shares had been halted from trading so the casino operator could absorb the fallout from a scathing report into its corporate culture and assess the implications for its 2024 financial results. Earlier this year, the New South Wales Independent Casino Commission (NICC) appointed…
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Elon Musk, Tesla win dismissal of lawsuit claiming they rigged dogecoin By Reuters
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By Jonathan Stempel NEW YORK (Reuters) – Elon Musk and his electric car company Tesla Inc won a federal lawsuit on Tuesday that accused them of defrauding investors by promoting the cryptocurrency Dogecoin and conducting insider trading that caused billions of dollars in losses. U.S. District Judge Alvin Hellerstein in…
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France’s Macron visits Serbia to boost EU ties, discuss Rafale deal By Reuters
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Written by Alexander Vasovich BELGRADE (Reuters) – French President Emmanuel Macron heads to Belgrade on Thursday to strengthen ties with Serbia and bring it closer to the West as the Balkan country tries to reconcile its bid to join the European Union with close ties with Russia and China. During…
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Analysis-Sterling’s stunning rally keeps twitchy currency markets on edge By Reuters
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By Naomi Rovnick LONDON (Reuters) – Sterling hit a near 2-1/2-year high against the dollar and soared against the euro in moves analysts warned were fuelled by speculative interest rate bets that could quickly unravel in markets still shaken by the country’s turmoil in early August. Sterling has risen above…
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Biden administration finalizes solar lands plan, touts permitting progress By Reuters
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The Biden administration said Thursday it has completed a plan to expand solar power on federal lands in 11 Western states, part of a broader push to speed up permitting and construction of large infrastructure projects. The White House wants to speed up approvals for projects ranging from power transmission…
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Thailand jails for life son of Spanish actor Rodolfo Sancho over grisly murder By Reuters
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Written by Somkiat Raxaman and Panarat Thepjompanat SAMUI ISLAND, Thailand (Reuters) – A Thai court on Thursday sentenced the son of Spanish actor Rodolfo Sancho to life in prison for the murder and dismemberment of a Colombian man last year on the popular tourist island of Koh Phangan. Daniel Sancho…
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Thailand jails for life son of Spanish actor Rodolfo Sancho over grisly murder By Reuters
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Written by Somkiat Raxaman and Panarat Thepjompanat SAMUI ISLAND, Thailand (Reuters) – A Thai court on Thursday sentenced the son of Spanish actor Rodolfo Sancho to life in prison for the murder and dismemberment of a Colombian man last year on the popular tourist island of Koh Phangan. Daniel Sancho…