Category: Reuters
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Canadian dollar expected to strengthen in 2025 as rate cuts boost economy: Reuters poll By Reuters
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By Fergal Smith TORONTO (Reuters) – The Canadian dollar is expected to continue its recovery against its U.S. counterpart next year as lower borrowing costs support economic growth in Canada and investors’ appetite for risk increases, a Reuters poll showed. The Canadian currency has risen 3.3% since reaching a two-year…
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Italian prosecutors accuse 7 people, 2 firms over flawed Boeing plane parts By Reuters
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Written by Francesca Landini MILAN (Reuters) – Italian prosecutors on Saturday charged seven people and two subcontractors with crimes including fraud and violating aircraft safety rules after an investigation into suspected defective parts produced by an Italian company for Boeing (NYSE:). Prosecutors began their investigation in late 2021 after Boeing…
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Dollar hits six-week high before payrolls report By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The dollar rose to a six-week high on Thursday as data showed the U.S. economy remains strong ahead of Friday’s closely watched jobs report, while safe haven demand amid concerns about escalating tensions in the Middle East and the impact… Dockers’ strike…
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Venture capitalist Ben Horowitz to make ‘significant donation’ for Harris By Reuters
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Written by Kanishka Singh WASHINGTON (Reuters) – Venture capitalist Ben Horowitz said on Friday he would make a “significant donation” to entities supporting the Democratic presidential campaign of Vice President Kamala Harris, who faces Republican former President Donald Trump in the Nov. 5 election. Why is it important Venture capital…
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Analysis-Dollar bears eye shifts in global yields, growth to play further weakness By Reuters
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Written by Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders gauging how to play with further declines in the U.S. dollar are looking to the relative strength of economies around the world, as interest rate shifts from global central banks rattle currency markets. The index fell 4.8% against a basket…
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Strong jobs report propels dollar to best week since 2022 By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The dollar jumped to a seven-week high on Friday and was on track to record its best week since September 2022 after a surprisingly strong September jobs report prompted traders to scale back their bets that the Federal Reserve would raise $50.…
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EU plan to press ahead with China EV tariffs bad for ties and green ambitions -Xinhua By Reuters
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BEIJING (Reuters) – The European Commission’s decision to press ahead with tariffs on Chinese-made electric cars threatens to undermine decades of cooperation between China and the European Union and jeopardize climate change goals, Xinhua news agency said on Saturday. The European Union said on Friday that it would go ahead…
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Brazil’s top court says X paid pending fines to wrong bank By Reuters
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Written by Luciana Magalhaes SAO PAULO (Reuters) – Brazil’s Supreme Court said on Friday that lawyers representing social media platform Payment of the fines, which X’s lawyers said the company had properly paid, was the only remaining action required by the court in order to allow X to operate again…
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Donald Trump tries to blunt Democrats’ momentum in North Carolina By Reuters
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Written by Gram Slattery and Alexandra Ulmer FAYETTEVILLE, North Carolina (Reuters) – Donald Trump campaigned in North Carolina on Friday for the fourth time in a month as the Republican presidential nominee tried to rally support in a state he carried easily a few months ago but is now among…
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Wynn Resorts says it gets UAE’s first gambling license By Reuters
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(Reuters) – Hotel and casino operator Wynn Resorts (NASDAQ:) said on Friday that it has been awarded the first commercial gaming operator license in the United Arab Emirates by the country’s Commercial Gaming Regulatory Authority. The Las Vegas-based casino company said it is developing a luxury resort on Wynn Al…
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REUTERS: US military carries out strikes against multiple Houthi targets in Yemen
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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Exclusive-Vista Outdoor strikes deal to sell itself in two parts for $3.4 billion By Reuters
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Written by Anirban Sen and Abigail Somerville NEW YORK (Reuters) – Vista Outdoor (NYSE:) agreed on Friday to sell itself in parts to separate buyers for a total of $3.35 billion, including debt, after fending off a hostile rival that has pursued the sporting goods and ammunition maker for months.…
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Exclusive-Vista Outdoor strikes deal to sell itself in two parts for $3.4 billion By Reuters
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Written by Anirban Sen and Abigail Somerville NEW YORK (Reuters) – Vista Outdoor (NYSE:) agreed on Friday to sell itself in parts to separate buyers for a total of $3.35 billion, including debt, after fending off a hostile rival that has pursued the sporting goods and ammunition maker for months.…
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Uber, Lyft drivers use Teslas as makeshift robotaxis, raising safety concerns By Reuters
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Written by Akash Sriram and Abhiroob Roy (Reuters) – A Tesla (NASDAQ:) self-driving car carrying a passenger from Uber (NYSE:) collided with an SUV at an intersection on the outskirts of Las Vegas in April, an accident that raised new concerns that there is a growing instability from the companies.…
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US FDA puts Kezar Life Sciences’ lupus treatment trial on hold after patient deaths By Reuters
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(Reuters) – The US Food and Drug Administration imposed a clinical suspension on the drug Kezar Life Sciences (NASDAQ:)’ trial of an experimental drug for lupus, the company said Friday. The FDA’s decision comes after the company said it had temporarily halted a mid-stage trial of the drug, zetomipzomib, to…
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Stellantis sues UAW in US federal court over strike threats By Reuters
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Written by David Shepardson and Ben Klayman WASHINGTON/DETROIT (Reuters) – Stellantis, the parent company of Chrysler (NYSE:), has filed a federal lawsuit against the United Auto Workers, saying the union violated a contract by threatening to strike over the company’s delay in a planned investment. The automaker filed the lawsuit…
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US port strike ends, leaving cargo backlog By Reuters
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By Doyinsola Oladipo and David Shepardson (Reuters) – U.S. East Coast and Gulf Coast ports reopened on Friday after dock workers and port operators reached a wage agreement to settle the industry’s biggest work stoppage in nearly half a century, but clearing a backlog of cargo will take time. The…
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European shares rise as energy stocks shine on wider Middle East conflict By Reuters
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Written by Pranav Kashyap (Reuters) – European stocks rose on Friday, supported by energy shares in the region, after prices rose on concerns about a deeper conflict in the Middle East. The European index rose 0.2%. However, the index is on track to record its worst week since September 2,…
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Russia files lawsuit against Shell units, court documents show By Reuters
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MOSCOW (Reuters) – Russia’s prosecutor general has filed a lawsuit against a number of units of energy major Shell (LON:), court documents showed on Friday. The lawsuit filed before the Moscow Arbitration Court on October 2 was directed against eight units of Shell. The documents indicated that Gazprom (MCX:) Export,…
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Asia shares fall, oil set for weekly gains on Mideast risks By Reuters
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By Ray Wee SINGAPORE (Reuters) – Asian stocks fell on Friday while oil prices headed for their biggest weekly gain in more than a year, as rising tensions in the Middle East kept markets on edge ahead of the U.S. jobs report due later in the day. US President Joe…