Category: Reuters
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London stocks wobble after drop in services inflation By Reuters
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(Reuters) – British stocks fell on Wednesday as investors manipulated headline inflation in Britain to hit the Bank of England’s target against lower service price inflation, while Vodafone’s (NASDAQ:) gains limited losses. By 7:06 GMT, the leading stock fell 0.2% to 8,172.5 points, while the average stock fell 0.2% to…
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Sterling edges up after UK inflation data By Reuters
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(Reuters) – The pound sterling rose slightly against the euro and the dollar after data showed British inflation returned to the Bank of England’s 2% target level in May for the first time in nearly three years. The decline in annual consumer price inflation from April’s reading of 2.3% is…
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Investment firm Hamilton Lane closes $5.6 billion fundraising, exceeds target By Reuters
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(Reuters) – Investment management firm Hamilton Lane (NASDAQ:) said late Tuesday it has raised $5.6 billion as part of Hamilton Lane’s sixth secondary fund, exceeding its initial target. The fundraising, the largest in the company’s history, saw strong support from a diverse group of new and existing investors, with the…
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Ford tests shipping cars from Mexico’s Guaymas port to cut logistics costs By Reuters
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Written by Kylie Maddrey MEXICO CITY (Reuters) – Ford shipped the first batch of cars on Tuesday from the previously neglected port of Guaymas near its factory in the northern Mexican state of Sonora in a project that could cut the U.S. automaker’s logistics costs if it is fully launched,…
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Ford tests shipping cars from Mexico’s Guaymas port to cut logistics costs By Reuters
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Written by Kylie Maddrey MEXICO CITY (Reuters) – Ford shipped the first batch of cars on Tuesday from the previously neglected port of Guaymas near its factory in the northern Mexican state of Sonora in a project that could cut the U.S. automaker’s logistics costs if it is fully launched,…
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Reuters Tankan report for June 2024: Manufacturing index +6 vs. prior +9
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The Reuters Monthly Tankan Survey is a guide to the Bank of Japan’s quarterly Tankan Survey. For June 2024: The Manufacturers Index is +6, from +9 in May Positive for the fourth month in a row Japanese manufacturers say their low confidence is due to high material costs. Non-manufacturers +31,…
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Trump Media says SEC’s decision may help it get $247 million By Reuters
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(Corrects movement of shares to “down 46%” from “down approximately 80%” and market capitalization to “$5.53 billion” from “$6.14 billion” in paragraph 6) (Reuters) – Trump Media and Technology Group said on Tuesday that the Securities and Exchange Commission has declared effective the company’s request to resell certain shares and…
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Stocks gain, US yields decline after retail sales data By Reuters
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Written by Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks rose for a second straight session on Tuesday and U.S. Treasury yields fell after a lower-than-expected report on consumer spending, while investors digested comments from several Federal Reserve officials on interest rates. The US Commerce Department said…
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Boston Scientific to buy Silk Road Medical in $1.16 billion deal By Reuters
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By Sriparna Roy (Reuters) – Boston Scientific said on Tuesday it will buy Silk Road Medical Inc (NASDAQ:) in a $1.16 billion deal, adding medical devices used to prevent strokes. Boston, which generates most of its revenue from sales of cardiac devices such as defibrillators and stents, will pay $27.50…
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London stocks open higher ahead of UK inflation data, cenbank decision By Reuters
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(Reuters) – London shares opened higher on Tuesday, as investors awaited key domestic inflation data and the Bank of England’s policy decision, while losses in… Ashtead Group (LON:) Gains capped. The leading stock rose 0.5% to 8,181.64 points by 7:06 GMT, while the average stock rose 0.6%. The index has…
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Dollar edges up as traders await Fed rate cut clues By Reuters
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Written by Kevin Buckland TOKYO (Reuters) – The dollar rose on Tuesday as traders looked to the key U.S. retail sales report and comments from Federal Reserve officials to better gauge the timing and pace of interest rate cuts. The index, which measures the currency against the euro, pound, yen…
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Ukraine’s debt woes during wartime By Reuters
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Written by Rodrigo Campos NEW YORK (Reuters) – Ukraine has suffered a setback in its quest to complete the outlines of a debt restructuring before a two-year payment freeze agreed to by private holders of about $20 billion in Eurobonds maturing expires at the end of August. The government announced…
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GameStop shares tumble after CEO says store network will shrink By Reuters
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Written by Susan McGee and Priyanka J (Reuters) – GameStop (NYSE:) shares fell on Monday after CEO Ryan Cohen told investors that the video game retailer plans to operate a smaller network of stores, but did not provide details about what it intends to do with its pile of cash.…
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Philip Morris suspends nationwide sales on Zyn.com after D.C. subpoena By Reuters
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(Reuters) – Tobacco giant Philip Morris International (NYSE:) said on Monday it will suspend online sales on Swedish Match North America’s ZYN.com website nationwide as nicotine pouch maker Zyn responds to a recall from the District of Columbia (D.C.). ). Philip Morris bought Swedish Match in a $16 billion deal…
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Boeing CEO to tell US Congress planemaker’s culture is ‘far from perfect’ By Reuters
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WASHINGTON (Reuters) – Boeing CEO Dave Calhoun will tell a U.S. Senate committee on Tuesday that the planemaker understands concerns about its safety culture after a mid-air emergency in January involving an Alaska 737 Max 9 jet sparked widespread concern. “Much has been said about Boeing’s culture. We have heard…
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US Supreme Court to hear Nvidia bid to scuttle shareholder lawsuit By Reuters
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Written by John Crozel WASHINGTON (Reuters) – The U.S. Supreme Court on Monday agreed to hear a request from Nvidia Inc (NASDAQ:) to thwart a securities fraud lawsuit accusing the artificial intelligence chip maker of misleading investors about how much of its sales went into the volatile cryptocurrency industry. The…
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Appeals court to hear challenges to potential US TikTok ban on Sept. 16 By Reuters
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Written by David Shepardson WASHINGTON (Reuters) – A U.S. appeals court said on Monday it will hold oral arguments on Sept. 16 on legal challenges to a new law requiring China-based ByteDance to divest TikTok’s U.S. assets by Jan. 19 or face a ban. On May 14, a group of…
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Dollar stays strong, political uncertainty saps euro By Reuters
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Written by Brigid Riley and Amanda Cooper TOKYO/LONDON (Reuters) – The dollar steadied on Monday, while the euro traded near its lowest levels in more than a month, as political turmoil in Europe increased the level of uncertainty among traders, while investors awaited more data to gauge the euro’s strength.…
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Putin to visit Kim in North Korea on June 18-19 By Reuters
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Written by Jay Faulconbridge and Josh Smith MOSCOW/SEOUL (Reuters) – Russian President Vladimir Putin will visit North Korea on Tuesday and Wednesday, the Kremlin said, a rare visit that highlights Moscow’s growing partnership with the isolated, nuclear-armed state. North Korean leader Kim Jong Un extended an invitation to Putin during…