Category: Reuters
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KKR to buy India’s Healthium Medtech at $839 million valuation, sources say By Reuters
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MUMBAI/BENGALURU (Reuters) – Global investment firm KKR will buy Indian medical device maker Healthium Medtech from UK-based Apax Partners in a deal that three sources familiar with the matter say is worth 70 billion rupees ($838.60 million). Helthium and Apax did not immediately respond to Reuters’ requests for comment, while…
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Dollar soft on renewed rate cut bets; yen starts week on back foot By Reuters
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By Samuel Indyk and Ankur Banerjee LONDON (Reuters) – The dollar fell slightly on Monday as a weak U.S. jobs report boosted bets that the Federal Reserve may cut interest rates this year, while the yen fell after suspected intervention last week sparked a wave of volatility. Last week, the…
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Australia’s Qantas to pay $79 million to settle flight cancellation case By Reuters
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Written by Byron Kay and Poonam Behura SYDNEY (Reuters) – Australia’s Qantas Airways agreed to pay A$120 million ($79 million) to settle a lawsuit before a regulator over the sale of thousands of tickets on already-canceled flights, in an attempt to end the reputation crisis that has engulfed the airline.…
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PBOC is expected to set the USD/CNY reference rate at 7.2127 – Reuters estimate
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The People’s Bank of China is scheduled to release the reference USD/CNY exchange rate at around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or renminbi). The People’s Bank of China follows…
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Atos board reported to be meeting Sunday to review takeover bids By Reuters
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PARIS (Reuters) – The board of directors of French technology company Atos is scheduled to meet on Sunday evening to consider takeover offers, including one from Czech businessman Daniel Kretinsky, newspapers Les Echos and Le Figaro reported. Atos, which provides communications for the French army and is set to manage…
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Los Angeles police clear USC pro-Palestinian encampment, make no arrests By Reuters
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Written by Rich McKay (Reuters) – Los Angeles police made no arrests on Sunday while clearing a pro-Palestinian encampment at the University of Southern California, following arrests and unrest at universities across the United States over the war between Israel and Hamas. Various American universities, where graduation ceremonies were held…
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Greenback strength to persist on delayed Fed rate cut calls By Reuters
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Written by Sarobiya Ganguly BENGALURU (Reuters) – The US dollar’s rise will remain steady and may trade more strongly than expected in the coming months if policies from the Federal Reserve and other major central banks diverge, according to forex strategists polled by Reuters. The dollar has recovered from the…
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Analysis-Japan faces a tough tug-of-war with yen bears By Reuters
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Written by Ankur Banerjee and Ray Wei SINGAPORE (Reuters) – Japan appears to have bought some time and respite for the falling yen during its latest suspected wave, but it has also set itself up for a protracted war with a market that views the currency as a sell-off in…
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Factbox-Details of the humanitarian crisis in Gaza By Reuters
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(Reuters) – The Gaza Strip has been suffering from an ongoing humanitarian catastrophe for nearly seven months since Israel launched a devastating offensive in response to the Hamas-led attacks on October 7 that killed 1,200 people in Israel. More than 34,600 people were killed in the Israeli offensive that destroyed…
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Mexico peso to navigate between firm economy and political doubts: Reuters poll By Reuters
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Written by Gabriel Borin BUENOS AIRES (Reuters) – A Reuters poll of foreign exchange experts showed that the Mexican peso is set to navigate between a relatively strong economy on the one hand and some political uncertainties on the other, with a slight decline in the value of the currency…
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Dollar drops as employers add fewer jobs than expected in April By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The dollar fell to a three-week low against the yen on Friday after data showed U.S. job growth slowed more than expected in April and annual wage gains slowed, raising bets that the Federal Reserve (the U.S. central bank) will cut… Interest…
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Paramount bidders await word from special committee evaluating options By Reuters
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By Don Chmielewski (Reuters) – A special Paramount Global board committee tasked with evaluating bids for the company met on Saturday morning, though rival bidders for the studio were awaiting word on next steps. Paramount ended its exclusive negotiations with Skydance Media without reaching an agreement on Friday, allowing the…
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Dozens arrested in weekend of protests on US campuses By Reuters
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Written by Maria Caspani (Reuters) – Police on Saturday arrested at least 25 pro-Palestinian protesters and evacuated a camp at the University of Virginia, the University of Virginia said in a statement, as American universities brace for more unrest during graduation ceremonies. Tensions have flared on UVA’s Charlottesville campus, where…
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United Auto Workers ratify contract with Daimler Truck By Reuters
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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some or all of your investment amount, and may not be suitable for all investors. Cryptocurrency prices are highly volatile and may be affected by external factors such as financial, regulatory or political events.…
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Buffett talks succession and Berkshire’s future at annual meeting By Reuters
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(Reuters) – Warren Buffett took the stage at Berkshire Hathaway’s (NYSE:) annual meeting on Saturday, where he praised his longtime business partner Charlie Munger, outlined the expanded roles of the executives set to eventually succeed him and discussed Berkshire’s opportunities. Greg Appel, 61, who named Buffett’s successor as CEO in…
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Dead bodies in Mexico likely are missing U.S., Australian surfers By Reuters
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Written by Lizbeth Diaz MEXICO CITY (Reuters) – Three bodies found in the Mexican state of Baja California are likely those of Americans and two Australian tourists who went missing last week, a senior official from the Mexican state of Baja California said on Saturday. Mexican authorities are conducting forensic…
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Buffett reassures about Berkshire’s future, praises Apple even as he sells it By Reuters
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Written by Jonathan Stemple and Koh Gui Cheng OMAHA, Neb. (Reuters) – Warren Buffett paid tribute to his late business partner Charlie Munger at Berkshire Hathaway’s (NYSE:) annual meeting on Saturday, while reassuring shareholders that the executives they expect to succeed him are ready for the job. Buffett, legendary for…
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Biden gives Katie Ledecky, Michelle Yeoh the Medal of Freedom By Reuters
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Written by Trevor Honeycutt and Steve Holland WASHINGTON (Reuters) – A winner of seven Olympic gold medals, a leader in Mississippi’s civil rights struggle and a pioneer of popular television talk shows are part of this year’s class of recipients of the Presidential Medal of Freedom. US President Joe Biden…
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Bearish bets on most Asian FX climb to multi-month highs: Reuters poll By Reuters
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By Himanshi Akhand (Reuters) – A Reuters poll showed on Thursday that short bets on most Asian currencies rose to touch multi-month highs as growing expectations that US interest rates will remain high for a longer period led to a decline in appetite for riskier assets. Bearish positions on the…
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Japan’s May 1 intervention may have cost $23.6 billion, BOJ data shows By Reuters
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Written by Kevin Buckland TOKYO (Reuters) – Japanese officials may have spent about 3.66 trillion yen ($23.59 billion) on Wednesday in the latest attempt to pull the yen back from its lowest levels in nearly 34 years, Bank of Japan data showed on Thursday. The data showed that the Japanese…