Category: Reuters
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China’s surprise rate cuts will not hurt a fragile yuan, analysts say By Reuters
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SHANGHAI (Reuters) – China surprised markets by cutting a series of key short- and long-term interest rates on Monday in a bid to boost growth in the world’s second-largest economy. Analysts said the move showed that the yuan, which has been battered all year by its low yields versus U.S.…
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Analysis-With no big deal safe, investment bankers move to safeguard fees By Reuters
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By Anirban Sen NEW YORK (Reuters) – Investment bankers are changing the way they charge for their fees in an effort to preserve and boost the fee income they generate from advising companies on mergers and acquisitions, as more high-profile deals face regulatory challenges. Many of these fees aren’t paid…
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Analysis-With no big deal safe, investment bankers move to safeguard fees By Reuters
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By Anirban Sen NEW YORK (Reuters) – Investment bankers are changing the way they charge for their fees in an effort to preserve and boost the fee income they generate from advising companies on mergers and acquisitions, as more high-profile deals face regulatory challenges. Many of these fees aren’t paid…
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Dollar eases as Biden ends re-election bid, drops vs yen By Reuters
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By Kevin Buckland and Stefano Ribaudo (Reuters) – The dollar was slightly lower against a basket of currencies on Monday while falling sharply against the yen as investors focused on U.S. President Joe Biden’s decision to end his re-election campaign and the next moves from the Federal Reserve and the…
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Xpeng, Volkswagen set up project house to roll out new EV architecture By Reuters
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Chinese electric vehicle maker Xpeng (NYSE:) said Monday it has set up project houses for engineers in partnership with German automaker Volkswagen AG (OTC:) to accelerate the development of new electric vehicle architecture. The new facilities, to be built in the Chinese cities of Guangzhou and Hefei, will serve as…
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Aviation summit opens amid jet shortages, supply chain turbulence By Reuters
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By Joe Brock and Tim Heffer FARNBOROUGH, England (Reuters) – Aviation leaders gather for a high-profile summit outside London on Monday as the industry struggles to cope with supply chain disruptions, aircraft delays and failed plans to cut carbon emissions. The Farnborough Airshow, which runs from July 22-26, a gathering…
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Trouble for China hedge funds? Reuters: Brace for upheaval from tough new rules
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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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Biden ends failing reelection campaign, backs Harris as nominee By Reuters
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By Jeff Mason, Garrett Renshaw, and Steve Holland REHOBOTH BEACH, Del. (Reuters) – U.S. President Joe Biden on Sunday abandoned his faltering re-election bid under growing pressure from fellow Democrats and endorsed Vice President Kamala Harris to replace him as the party’s nominee to face Republican Donald Trump in November’s…
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Exclusive-Illicit chip flows to Russia seen slowing, but China, Hong Kong remain transshipment hubs By Reuters
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By James Pomfret and Michael Martina HONG KONG/WASHINGTON (Reuters) – Semiconductors and other banned goods shipped through China and Hong Kong to fuel Russia’s war effort have fallen by a fifth this year, previously undisclosed U.S. Commerce Department data shows, but Hong Kong remains a global hub for sanctions evasion.…
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Investors react to Biden pulling out of presidential race By Reuters
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NEW YORK (Reuters) – U.S. President Joe Biden ended his re-election campaign on Sunday after fellow Democrats lost confidence in his intelligence and ability to defeat Donald Trump, leaving the presidential race in uncharted territory. Here are the investors’ comments: David Wagner, Portfolio Manager, APTUS CAPITAL ADVISORS LLC, Fairhope, Alabama:…
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Airbus looking at opportunities to create scale in space, satellites By Reuters
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LONDON (Reuters) – Airbus is looking for opportunities to grow its business in the defence, space and satellite markets in particular, Chief Executive Guillaume Faury said on Sunday. Airbus and France’s Thales are considering cooperating on some space activities as new competition disrupts the sector, industry sources said last week.…
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Boeing exec says planemaker has settled on design for MAX 7 icing issue By Reuters
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By David Shepardson LONDON (Reuters) – Boeing Co has settled on a design to address an engine anti-icing system that has caused a significant delay in the certification of the 737 MAX 7, the chief executive of the planemaker’s commercial airplanes division said, suggesting the fix could be completed by…
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Wait-and-see ECB boosts euro comeback as King Dollar’s crown slips By Reuters
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By Naomi Rovnick and Dara Ranasinghe LONDON (Reuters) – Traders kept the euro on track for a strong comeback on Thursday as the European Central Bank’s dovish stance after a second interest rate cut in September took concerns about French policy off the currency’s path. As global markets brace for…
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Israel says it intercepts missile fired from Yemen, Houthis say they targeted Eilat By Reuters
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JERUSALEM/CAIRO (Reuters) – Israel said its air defences intercepted a surface-to-surface missile fired from Yemen on Sunday, and Yemen’s Iran-aligned Houthi movement said it fired several rockets at the Israeli Red Sea city of Eilat. The attack continued an escalation of violence between Israel and the Houthis that began on…
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First to hike, last to cut? BoE caution cossets pound: Mike Dolan By Reuters
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By Mike Dolan LONDON (Reuters) – Is it the first country to raise interest rates, the first to hit its inflation target and the last to cut rates? It may be unwise to read too much into the volatile and marginal bets on interest rates in financial markets, but for…
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Asian foreign reserves decline in 2024 first half By Reuters
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Written by Bhaturaja Murugabhupathi and Gaurav Dogra (Reuters) – Asia’s foreign exchange reserves have fallen this year as central banks intervene to support their currencies, with Japan, Indonesia and South Korea leading the declines. Foreign reserves in 12 countries, from Japan to India, fell by about $50 billion to $7.5…
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Dollar climbs for the week, cyber outage unsettles investors By Reuters
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By Chuck Mikolajczak NEW YORK (Reuters) – The dollar rose on Friday and was on track to end a two-week losing streak as investors fretted over a global computer outage that has hit banks, airlines and broadcasters, although volatility in currency markets was largely contained. A software update by global…
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Bangladesh extends curfew ahead of court hearing on controversial job quotas By Reuters
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Written by Muhammad Bonir Hussein and Sam Jahan DHAKA (Reuters) – Bangladesh extended a curfew on Sunday to control violent student-led protests that have killed at least 114 people as authorities prepared for a Supreme Court hearing later in the day on government job quotas that have sparked anger. Military…