Category: Reuters
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In race to regain rare earth glory, Europe falls short on mineral goals By Reuters
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Written by Eric Onstad LONDON (Reuters) – Four decades ago, a rare earths processing plant on France’s Atlantic coast was one of the world’s largest, producing materials used to make colour televisions, arc lights and camera lenses. Its current owner Solvay (EBR:) is racing against time to restore its La…
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Citigroup’s head of risk data leaves in latest senior exit By Reuters
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Written by Tatiana Bautzer and Elisa Martinuzzi NEW YORK/LONDON (Reuters) – Citigroup chief risk data, analytics, reporting and technology officer Peter Kay has left the bank, a Citigroup spokesman said on Wednesday, the latest major departure since the bank’s reorganization began in September. Risk and data have been key issues…
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how the UK election could make or break sterling’s run By Reuters
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By Naomi Rovnick, Alun John, and Dara Ranasinghe LONDON (Reuters) – The pound has rebounded ahead of an expected landslide election victory for the opposition Labor Party, but the currency’s future depends on the next government convincing nervous investors that its plans to reform the sluggish economy are credible. On…
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EU Commission says no new EU country ready to join the euro By Reuters
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BRUSSELS (Reuters) – None of the six European Union countries that have not yet used the euro meet the criteria to join the euro zone, although Bulgaria was the closest, the European Commission said on Wednesday. Of the 27 countries that make up the European Union, Sweden, Poland, the Czech…
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Exclusive-Bosch weighs offer for appliance maker Whirlpool, sources say By Reuters
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Written by Anirban Sen and Emma Victoria Farr (Reuters) – German engineering group Robert Bosch is considering a bid for U.S. home appliance maker Whirlpool (NYSE:), a move that would strengthen its position in the home appliance market, three people familiar with the matter said. One of the sources said…
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Exclusive-Bosch weighs offer for appliance maker Whirlpool, sources say By Reuters
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Written by Anirban Sen and Emma Victoria Farr (Reuters) – German engineering group Robert Bosch is considering a bid for U.S. home appliance maker Whirlpool (NYSE:), a move that would strengthen its position in the home appliance market, three people familiar with the matter said. One of the sources said…
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Exclusive-UBS urges Swiss government to clarify capital demands, sources say By Reuters
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Written by Stefania Spezati and Oliver Hurt ZURICH (Reuters) – UBS is pressing the Swiss government to clarify how much capital the bank will need to retain capital after buying Credit Suisse, sources familiar with the matter said, amid fears that talks could drag on for several months, worrying investors.…
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Aussie dollar jumps on inflation spike, while yen stays under pressure By Reuters
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Written by Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) – The Australian dollar rose after a surprise jump in inflation on Wednesday raised the prospect of another interest rate hike, while the U.S. dollar maintained downward pressure on the Japanese yen. Moves elsewhere in the market were relatively muted as…
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India’s Modi wins test of strength in parliament with election of speaker By Reuters
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MUMBAI (Reuters) – Indian Prime Minister Narendra Modi passed the first major political test of his third term on Wednesday after one of the ruling party’s candidates was elected speaker of parliament’s lower house, defeating an opposition lawmaker by a vote. Om Birla, of Modi’s Bharatiya Janata Party, who was…
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Tencent’s ‘Dungeon & Fighter’ game dominates China’s mobile download charts By Reuters
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BEIJING (Reuters) – Tencent Holdings Ltd’s newly launched Dungeon & Fighter (DNF Mobile) game has had a strong start, dominating the top-grossing charts on Apple Inc’s iOS platform in China for nearly a month, industry data showed. The game, which launched in the world’s largest gaming market on May 21,…
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Americans seek out cooler destinations for July 4 travel as temperatures sizzle By Reuters
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Written by Shivansh Tiwari (Reuters) – High temperature warnings made Americans rethink their Fourth of July travel plans and sparked a rush to cooler places for the holidays, data from Booking.com (NASDAQ:.com) showed. Coastal destinations and those offering water activities emerged as top choices with a third of Americans looking…
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Judge partially lifts Trump hush money gag order By Reuters
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Written by Luke Cohen NEW YORK (Reuters) – A New York judge partially lifted a gag order on Donald Trump on Tuesday after the Republican presidential nominee was found guilty of criminal charges related to an attempt to influence the 2016 election by buying a porn star’s silence. The amended…
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Judge partially lifts Trump hush money gag order By Reuters
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Written by Luke Cohen NEW YORK (Reuters) – A New York judge partially lifted a gag order on Donald Trump on Tuesday after the Republican presidential nominee was found guilty of criminal charges related to an attempt to influence the 2016 election by buying a porn star’s silence. The amended…
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PetroChina to pay $14.5 million fine for US export violations, DOJ says By Reuters
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WASHINGTON (Reuters) – PetroChina International America, a unit of PetroChina, has agreed to pay a fine and forfeiture totaling $14.5 million for violating U.S. export law, the U.S. Justice Department said on Tuesday. The US Attorney’s Office for the Southern District of Texas said in a press release that authorities…
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CDK dealer software unlikely to be restored before June end, memo says By Reuters
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Written by Nora Eckert and Nathan Gomez (Reuters) – CDK Global (NASDAQ:) does not expect to restore the ongoing outage caused by a cyber attack in its dealer management software, which is used by dealers across the United States, before the end of the month, according to a memo seen…
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Japan to respond appropriately to excessive yen volatility, official says By Reuters
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Written by Kentaro Sugiyama and Makiko Yamazaki TOKYO (Reuters) – Japanese Chief Cabinet Secretary Yoshimasa Hayashi said on Tuesday that authorities will respond appropriately to excessive currency fluctuations, in a new warning as the yen weakens towards 160 yen to the dollar. Hayashi, a top government spokesman, told reporters that…
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S.African rand slips as cabinet announcement appears nearer By Reuters
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JOHANNESBURG (Reuters) – The South African rand fell in choppy trade on Tuesday as comments from the unity government’s two largest parties suggested a government announcement by President Cyril Ramaphosa was nearing. The currency fell about 0.3 percent to 18.16 to the dollar by 1220 GMT, adding to its losses…
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LVMH Chief Arnault owns stake in luxury rival Richemont, Bloomberg reports By Reuters
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ZURICH (Reuters) – French billionaire Bernard Arnault, Europe’s richest man and head of the high-end fashion division of champagne group LVMH, has bought a stake in smaller luxury goods rival Richemont, Bloomberg reported on Tuesday. The exact size of the Cartier jewelery owner’s shareholding and Arnault’s intentions are unclear, the…
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Dollar reined in by threat of Japanese intervention, yen fragile By Reuters
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Written by Amanda Cooper LONDON (Reuters) – The dollar fell below a key 160 yen level on Tuesday, as fears of interference by Japanese officials kept traders from severely punishing the yen against any other currencies. Elsewhere, analysts said bitcoin recovered some of its losses after its worst day in…