Category: Reuters
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Nigeria arrests seven Polish nationals for raising Russian flags at protests By Reuters
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Written by Obi Adetayo ABUJA (Reuters) – Seven Poles have been arrested in Nigeria for waving Russian flags during anti-government protests this week in the northern state of Kano, state security spokesman Peter Afunanya said on Wednesday. Hundreds of thousands of Nigerians have been protesting since August 1 against painful…
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ABN Amro lifts full-year interest income outlook on higher rates By Reuters
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By Leo Marchandon and Matteo Allevi (Reuters) – Dutch bank ABN Amro on Wednesday raised its full-year net interest income forecast to 6.4 billion euros ($6.98 billion) after beating second-quarter estimates, sending its shares up 3 percent. ABN Amro’s previous forecast of €6.3 billion was in line with 2023 levels.…
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Investor says files liquidation petition in China against Evergrande unit By Reuters
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HONG KONG (Reuters) – An investor has applied to a Chinese court to liquidate a key unit of a debt-laden property developer in China. Evergrande (Hong Kong): According to a securities filing made by the petitioner on Wednesday. The investor — Vanward, a Shenzhen-listed electrical appliance maker — cited a…
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Asia stocks extend gains, yen retreats after BOJ talks down rate hikes By Reuters
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By Wayne Cole and Stella Chiu SYDNEY (Reuters) – Asian stock markets extended gains on Wednesday, led by a rebound in the U.S. dollar after the Bank of Japan unexpectedly signaled it was unwilling to raise interest rates again amid volatile markets, sending the yen sharply lower. The Nikkei rose…
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FBI seizes Republican Representative Ogles’ cell phone in funding probe By Reuters
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WASHINGTON (Reuters) – Republican U.S. Representative Andy Ogles said on Tuesday that FBI agents seized his cellphone as part of an investigation into problems surrounding his disclosure of campaign funds. “Last Friday, the FBI seized my cell phone,” Ogles said in a statement posted to X, formerly known as Twitter.…
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Global stocks rebound from sell-off; Treasury yields, dollar higher By Reuters
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By Sinead Carew and Amanda Cooper NEW YORK/LONDON (Reuters) – Stocks around the world rebounded on Tuesday from a sharp sell-off the previous day, while Treasury yields rose and the dollar firmed slightly as investors returned to riskier assets and central banks responded to recession fears. Oil prices rose on…
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German drugstore chain shuns Teslas over Musk’s support for Trump By Reuters
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FRANKFURT (Reuters) – German drugstore chain Rossmann said on Tuesday it would no longer buy Tesla cars for its corporate fleet because of Chief Executive Elon Musk’s support for U.S. Republican presidential candidate Donald Trump. The pharmacy chain, one of Europe’s largest, said its decision took immediate effect and was…
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US NTSB opens hearing on Boeing 737 MAX 9 mid-air emergency By Reuters
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By David Shepardson, Alison Lambert, Abhijith Ganapavaram, and Tim Heffer WASHINGTON (Reuters) – The U.S. National Transportation Safety Board on Tuesday questioned key witnesses from Boeing Co, Spirit Aerosystems Inc and the Federal Aviation Administration about an Alaska Airlines 737 MAX 9 passenger cabin panel exploding in flight in January.…
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Jacobs beats Q2 revenue estimates on steady demand in infrastructure business By Reuters
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(Reuters) – Engineering consultancy Jacobs Solutions Inc beat third-quarter revenue estimates on Tuesday, helped by continued demand at its infrastructure services unit. The People & Places Solutions (P&PS) segment, which provides architecture, energy transformation and other technology services, benefited from the US government’s $1 trillion infrastructure bill, as well as…
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Nobel laureate Muhammad Yunus was arch foe of ousted Bangladesh PM Hasina By Reuters
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Written by Roma Paul and Sudipto Ganguly DHAKA (Reuters) – Nobel laureate Muhammad Yunus, a pioneer of the global microcredit movement who could lead Bangladesh’s new interim government, was a bitter enemy of Prime Minister Sheikh Hasina, who resigned and fled the country. Known as the “banker to the poor,”…
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Squeeze on carry trades leaves currencies, investors on edge By Reuters
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Written by Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar suffered sharp losses on Tuesday as the yen retreated after a sharp rise in the previous session as traders faced the prospect of a sharp rate cut by the Federal Reserve. The yen fell 0.89 percent on Tuesday to 145.48…
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Exclusive-Chinese firms stockpile high-end Samsung chips as they await new US curbs, say sources By Reuters
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By Heikyong Yang, Fanny Botkin, and Karen Freifeld SEOUL/SINGAPORE (Reuters) – Chinese tech giants including Huawei Technologies and Baidu Inc as well as startups are stockpiling ultra-wideband memory semiconductors from Samsung Electronics Co Ltd in anticipation of U.S. restrictions on chip exports to China, three sources said. Companies have ramped…
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CSX beats second-quarter profit on better volumes, strong pricing By Reuters
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(Reuters) – U.S. railroad CSX Inc (NASDAQ:CSX) narrowly beat second-quarter profit estimates on Monday, helped by higher freight volumes and strong rates, sending its shares up 5% after the open. Improving intermodal volumes, or goods moved across two or more modes of transportation, has helped railroads post profits along with…
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Swiss franc hits highest vs euro since 2015 amid volatile markets By Reuters
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ZURICH (Reuters) – The Swiss franc rose to its highest level against the euro in nearly a decade on Monday, as heavy losses in stock markets, concerns about U.S. and global growth and tensions in the Middle East lured investors to the safe-haven currency. The franc has risen about 3.5%…
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Fannie Mae, Freddie Mac set to tighten real-estate lending rules, WSJ reports By Reuters
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(Reuters) – Mortgage finance companies Fannie Mae and Freddie Mac plan to impose tougher rules on lenders and commercial real estate brokers in the wake of an emerging regulatory crackdown on fraud in the multitrillion-dollar market, the Wall Street Journal reported on Monday. Lenders will have to independently verify financial…
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Mexican peso pares losses, remains volatile on US recession fears By Reuters
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By Noé Torres and Rodrigo Campos MEXICO CITY/NEW YORK (Reuters) – The Mexican peso touched its weakest level against the U.S. dollar in nearly two years before paring much of its losses as concerns that the U.S. economy could be headed for recession deepened and the peso’s recent weakness as…
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Carlyle Q2 profit misses, shares drop amid market sell-off By Reuters
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By Echo Wang NEW YORK (Reuters) – A private equity firm The Carlyle Group General Electric Co. (NASDAQ:GE) reported a larger-than-expected 11.7% year-over-year decline in distributable profit in the second quarter on Monday, as record revenue from management and transaction fees failed to offset a big drop in performance fees.…
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Bathed in a sea of red By Reuters
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(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. Asian stock markets have been in a sea of losses as investors flee risk and many crowded trades are being unwound in a disorderly manner. Popular positions from yen to cryptocurrency are being hastily…
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Japan watching yen moves closely, finance minister says after stocks rout By Reuters
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Written by Makiko Yamazaki and Satoshi Sugiyama TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Monday authorities were closely monitoring exchange rate movements after the Japanese currency fell to its biggest one-day drop since 1987. He said it was desirable for foreign exchange rates to move stably and…
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David Beckham-backed Guild Esports set for takeover by US-based DCB Sports By Reuters
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(Reuters) – Shares of David Beckham-backed Guild eSports jumped more than 54 percent in early trading on Monday after the gaming company said it plans to accept a takeover offer from California-based investment management firm DCB Sports. Financial details of the deal were not disclosed by Guild Esports, which said…