Category: Reuters
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Evercore hires Goldman banker Kamo for private equity dealmaking, sources say By Reuters
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Milan city win NEW YORK (Reuters) – Investment bank Evercore has hired a top Goldman Sachs dealmaker as a senior managing director to help boost its coverage of private equity firms and alternative asset managers, people familiar with the matter said on Friday. David Camus, who was named global head…
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Analysis-Developers of vapes for migraine, asthma will need to win over sceptics By Reuters
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By Emma Romney LONDON (Reuters) – A group of North American companies that see potential in e-cigarette-like devices to ease migraines and respiratory conditions such as asthma face a long road to convincing health authorities and patients that their products could be the future of inhaled medicines. Two companies, Qnovia…
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Fed easing bets, carry trade unwind turn analysts bullish on Asian currencies: Reuters poll By Reuters
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Written by Sameer Manikkar (Reuters) – Analysts have become bullish on most major Asian currencies for the first time in more than a year, supported by rising bets on interest rate cuts by the U.S. Federal Reserve and the unwinding of yen-funded carry trades, a Reuters poll showed. A biweekly…
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PBOC is expected to set the USD/CNY reference rate at 7.1690 – Reuters estimate
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The People’s Bank of China is scheduled to set the exchange rate of the US dollar against the Chinese yuan at around 0115 GMT. The People’s Bank of China, the central bank of China, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or…
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Brazil and Nicaragua expel ambassadors in leftist run-in By Reuters
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Written by Lisandra Paraguaso BRASILIA (Reuters) – Brazil and Nicaragua expelled each other’s ambassadors on Thursday in a tit-for-tat move as relations between the two formerly allied leftist governments deteriorate. Brazilian President Luiz Inacio Lula da Silva has decided to expel Nicaragua’s ambassador to Brasilia after Daniel Ortega’s government ordered…
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Mozambique ex-finance minister convicted in US over ‘tuna bonds’ scandal By Reuters
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By Luke Cohen NEW YORK (Reuters) – Mozambique’s former finance minister was convicted on Thursday on U.S. criminal charges over his alleged involvement in a fraud involving $2 billion in loans to three state-owned companies to develop the African nation’s fishing industry. A jury convicted Manuel Chang of conspiracy to…
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Paramount Global writes down value of cable networks, posts first streaming profit By Reuters
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By Don Chmielewski (Reuters) – Paramount Global Inc wrote down about $6 billion in the value of its cable networks on Thursday even as the company’s broadcast business reported its first quarterly profit. The decline reflects shrinking viewership at cable networks like Nickelodeon, MTV and Comedy Central, which translates into…
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Mexico’s ruling party looking at changes to judicial reform to calm markets, sources say By Reuters
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By Diego Orr MEXICO CITY (Reuters) – Mexico’s ruling party is considering changes to a proposed judicial reform in an attempt to calm market concerns, including making the election of judges a gradual process over several years to reduce fears of a political takeover of the judiciary, sources familiar with…
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Yen flip-flops in volatile trading, keeping investors wary By Reuters
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Written by Amanda Cooper LONDON (Reuters) – The yen faced choppy trading on Thursday after a sharp fall the previous day in a volatile week as investors had to digest the unwinding of popular interest rate positions and how Japanese monetary policy might evolve. The yen swung between a 0.14%…
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Global stocks fall and yen rises as volatility reigns By Reuters
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By Harry Robertson LONDON (Reuters) – European shares fell and U.S. stock futures fell on Thursday after choppy sessions in Asia and on Wall Street as investors struggled to find their footing in a turbulent week for markets. The yen and U.S. bonds rose as traders awaited weekly U.S. jobless…
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Worst of market selloff might be over but hold on tight, Goldman says By Reuters
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SINGAPORE (Reuters) – After a turbulent week in global markets, the worst of the sell-off may be over but investors need to “keep a tight rein on big directional bets for now,” Tony Pasquarello, Goldman Sachs’ global head of hedge fund coverage, said. In a note to clients on Wednesday…
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RBI’s firm grip to keep rupee anchored in narrow range: Reuters poll By Reuters
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By Anant Chandak and Vivek Mishra BENGALURU (Reuters) – The outlook for the Indian rupee is little changed from last month as interventions by the Reserve Bank of India keep the currency, considered expensive compared to peers, in a narrow range, a Reuters poll of foreign exchange analysts showed. A…
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Election and rate cut points to UK home sales pickup, RICS says By Reuters
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LONDON (Reuters) – Britain’s housing market looks set for a sales recovery in the coming months after the Bank of England cut interest rates and the new government shifted its focus to the sector, a survey showed on Thursday. The Royal Institution of Chartered Surveyors said its gauge of expected…
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Insurer Manulife’s second-quarter profit rises on strong Asia growth By Reuters
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(Reuters) – Canada’s Manolive Financial Inc reported better-than-expected quarterly profit on Wednesday, helped by a 40 percent rise in earnings from Asia, a region the insurer is betting on for growth. The Asia business, which includes operations in 12 markets and more than 100 banking partnerships, is among the insurer’s…
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Lumen Technologies shares extend AI-fueled surge after rosy cash-flow outlook By Reuters
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NEW YORK (Reuters) – Shares of Lumen Technologies Inc jumped 30 percent on Wednesday, extending gains from the previous session, after the telecom company raised its annual free cash flow outlook on demand tied to artificial intelligence. Lumen shares were trading at $6.54 a share after hitting an intraday high…
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Yen dives as BOJ plays down chance of hikes, soothing markets By Reuters
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By Hannah Lang and Harry Robertson NEW YORK/LONDON (Reuters) – The yen fell on Wednesday after a senior Bank of Japan official played down the chances of a near-term interest rate hike, calming investor concerns that any further rise in the Japanese currency could rattle global markets again. The yen…
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Glencore to keep coal assets and stick with London listing By Reuters
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By Felix Ngeni and Pratima Desai JOHANNESBURG/LONDON (Reuters) – Glencore will retain its coal business after securing support from a majority of its investors who see lucrative returns from the fossil fuel, its chief executive said on Wednesday, adding that the company could acquire more coal assets to make steel.…
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Glencore to keep coal assets and stick with London listing By Reuters
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By Felix Ngeni and Pratima Desai JOHANNESBURG/LONDON (Reuters) – Glencore will retain its coal business after securing support from a majority of its investors who see lucrative returns from the fossil fuel, its chief executive said on Wednesday, adding that the company could acquire more coal assets to make steel.…
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Walt Disney warns theme park revenue to fall, profit slips By Reuters
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By Dawn Chmielowski and Lisa Richwine LOS ANGELES (Reuters) – Walt Disney Co forecast a “moderation in demand” for its theme park business in the coming quarters, overshadowing the success of Pixar’s animated film “Inside Out 2” and the company’s television business. The company’s shares fell 1.1% on Wednesday after…