Category: Reuters
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Exclusive-Boeing agrees to buy Spirit Aero for $4.7 billion, sources say By Reuters
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Written by Mike Stone and Alison Lambert WASHINGTON (Reuters) – Boeing Co agreed on Sunday to acquire Spirit AeroSystems for more than $4 billion, two people familiar with the matter said, ending months of talks on a deal that the U.S. planemaker hopes will help ease a mounting safety crisis.…
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Euro rises after France far-right win first round vote By Reuters
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By Yoruk Bahceli and Amanda Cooper LONDON (Reuters) – The euro hit a 10-day high on Sunday after the first round of a surprise snap election in France put the far-right in first place but provided little clarity on the final outcome, leaving investors braced for more volatility. Marine Le…
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Exclusive-US pushes for Boeing to plead guilty in connection with fatal crashes, sources say By Reuters
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By Mike Spector and Chris Prentice (Reuters) – The U.S. Justice Department is pressing Boeing Co to plead guilty to a criminal charge after finding the planemaker violated a settlement over deadly 737 Max crashes in 2018 and 2019 that killed 346 people, two people familiar with the matter said…
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Trump puts murdered women and girls center stage in anti-immigration drive By Reuters
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By Ted Hesson and Alexandra Ulmer WASHINGTON (Reuters) – Minutes before he took the stage for the first presidential debate on Thursday, Donald Trump received a phone call from the mother of 12-year-old Joselyn Nungaray, who was killed in Houston this month, allegedly by two Venezuelan men who had illegally…
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Japan ‘deeply concerned’ about rapid, one-sided forex moves, finance minister says By Reuters
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TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Friday that authorities were “deeply concerned” about the impact of “rapid and biased” foreign exchange movements on the economy, with the yen falling to a 38-year low above 161 yen. per dollar. Speaking at a regular news conference, Suzuki said…
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Deutsche Bank appoints Laura Padovani to management board By Reuters
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FRANKFURT (Reuters) – Deutsche Bank said on Sunday it had appointed Laura Padovani to its board of directors responsible for compliance and financial crime prevention, adding a woman to the German bank’s male-dominated senior positions. The promotion of Padovani, who joined Deutsche Bank last year as head of compliance, will…
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All roads lead to the dollar By Reuters
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A look at the day ahead in the European and global markets from Rae Wee Investors closely watched the first US presidential debate between Democratic President Joe Biden and Republican challenger Donald Trump in the early hours of Friday morning in Asia, as the two clashed on stage ahead of…
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Japan names new FX diplomat as yen hits 38-year low By Reuters
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Written by Makiko Yamazaki and Satoshi Sugiyama TOKYO (Reuters) – Japan appointed a new diplomat in charge of foreign exchange on Friday as the yen fell to a 38-year low against the dollar, raising expectations of imminent market intervention by Tokyo to support the battered currency. Atsushi Mimura, a veteran…
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Jobs, inflation data may break the US Treasury market out of narrow range By Reuters
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By David Randall NEW YORK (Reuters) – A series of upcoming economic reports and testimony from Federal Reserve Chairman Jerome Powell before Congress could push U.S. government bonds out of a tight trading range. Yields on benchmark 10-year US Treasury bonds, which move inversely with bond prices, have risen between…
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South African rand rallies on hope DA and ANC can agree on cabinet posts By Reuters
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JOHANNESBURG (Reuters) – The rand rose in South Africa on Friday amid optimism that the Democratic Alliance and the African National Congress will reach an agreement on ministerial positions, a day after local media reported a major rift between the two parties. At 1503 GMT, the rand reached 18.24 against…
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France votes in election that could hand power to far right By Reuters
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Written by Mimosa Spencer PARIS (Reuters) – French voters went to the polls on Sunday in the first round of a snap parliamentary election that could produce the country’s first far-right government since World War Two and mark a major change at the heart of the European Union. President Emmanuel…
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Column-Dollar is only winner from China-West trade war: McGeever By Reuters
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Written by Jamie MacGyver ORLANDO, Fla. (Reuters) – The U.S. dollar may be the only “winner” from a potential all-out trade war between the West and China. Uncertainty over global trade policy is at its highest since 2018 and 2019, when tensions between the Trump administration and Beijing peaked. It…
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US dollar slightly weaker on diminishing inflation By Reuters
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By Gertrude Chavez-Dreyfus NEW YORK (Reuters) – The U.S. dollar fell on Friday after data showed inflation in the world’s largest economy eased last month, boosting expectations that the Federal Reserve will start cutting interest rates this year. The dollar initially fell against the yen, which is the currency pair…
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China’s June factory activity contracts again, services slows By Reuters
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By Joe Cash and Ellen Chang BEIJING (Reuters) – China’s manufacturing sector activity fell for the second straight month in June while services activity fell to a five-month low, an official survey showed on Sunday, keeping calls for more stimulus alive as the economy struggles to return to normal. Its…
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Exclusive-US prosecutors meeting with Boeing, crash victims as criminal charging decision looms, sources say By Reuters
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Written by Mike Spector and Chris Prentice NEW YORK (Reuters) – U.S. prosecutors are meeting with Boeing Co and relatives of victims of the deadly Boeing plane crash as a July 7 deadline approaches for the Justice Department to decide whether to file charges, two people familiar with the matter…
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Nestle sees stable sales growth from Q2, CEO tells paper By Reuters
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FRANKFURT (Reuters) – Swiss food giant Nestle is targeting stable sales volume growth from the second quarter through the rest of the year as cost inflation eases, its chief executive told the Swiss weekend newspaper Schweiz am Wochenende on Saturday. “From the second quarter and the rest of the year,…
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Hungary central bank tells lenders to reimburse clients after Apple glitch By Reuters
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BUDAPEST (Reuters) – Hungary’s central bank on Saturday asked local lenders to immediately start reimbursing customers for erroneous fees imposed by Apple Inc’s (NASDAQ:) mobile payment service earlier this week that affected hundreds of thousands of accounts in Hungary. The central bank said some 780,000 false charges worth a combined…
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Binance must face bulk of US SEC crypto lawsuit, judge rules By Reuters
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(Reuters) – A federal judge ruled late on Friday that the majority of a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance, the world’s largest cryptocurrency exchange, can proceed. The decision by Judge Amy Berman Jackson of the US District Court for the District of Columbia…
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India opposition asks Modi government to question Foxconn hiring practices By Reuters
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Written by Aditya Kalra and Praveen Paramasivam NEW DELHI (Reuters) – India’s opposition Congress party urged Prime Minister Narendra Modi’s government on Saturday to question Foxconn over hiring practices after Reuters reported that the Apple supplier was rejecting married women from iPhone assembly jobs in the country. The government has…
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India opposition asks Modi government to question Foxconn hiring practices By Reuters
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Written by Aditya Kalra and Praveen Paramasivam NEW DELHI (Reuters) – India’s opposition Congress party urged Prime Minister Narendra Modi’s government on Saturday to question Foxconn over hiring practices after Reuters reported that the Apple supplier was rejecting married women from iPhone assembly jobs in the country. The government has…