German bond yield curve most inverted in nearly 31 years
By Stefano Rebaudo (Reuters) -The German yield curve was at its most inverted level in nearly 31 years on Tuesday as investors bet th..
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Aston Martin’s shares skid after it drops sales volume target
By Aby Jose Koilparambil (Reuters) – British luxury carmaker Aston Martin unnerved investors on Tuesday by leaving out a sales ..
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Accor plans to add more than 1,200 hotels
(Reuters) -Accor plans to open more than 1,200 hotels in the next five years, increasing the number of its resorts by more than one-f..
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China’s state banks seen selling dollars offshore to slow yuan drop – sources
SHANGHAI/BEIJING (Reuters) -China’s major state-owned banks were seen selling dollars in the offshore spot foreign exchange mar..
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Indonesia’s Pertamina, Electrum sign battery packs development deal
JAKARTA (Reuters) – Indonesia’s state energy company Pertamina said late on Monday it plans to develop battery packs for ..
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Illumina starts job cuts, plans office exit to rein in costs
(Reuters) -Illumina Inc has commenced job cuts, the genetic sequencing equipment maker said on Monday, as it looks to cushion the imp..
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Britain says Celsa Steel has repaid emergency COVID loan, created 300 jobs
LONDON (Reuters) – The British arm of Celsa Steel has fully repaid an emergency COVID loan it received 3 years ago, generating ..
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UK’s Sainsbury’s cuts more prices, adding to signs of abating inflation
By James Davey and Sarah Young LONDON (Reuters) -British supermarket Sainsbury’s cut more prices on Monday, adding to evidence ..
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Yara postpones clean ammonia IPO after weak valuation
OSLO (Reuters) -Norway’s Yara has postponed a planned initial public offering of its Yara Clean Ammonia (YCA) business by one o..
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German business sentiment points to likelihood of longer recession
BERLIN (Reuters) -German business morale worsened for the second consecutive month in June, a survey showed on Monday, indicating tha..
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AB Foods raises profit outlook as Primark gets summer boost
By James Davey LONDON (Reuters) -Associated British Foods raised its full year profit outlook on Monday with its Primark fashion busi..
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Analysis-After the buzz, investors are doing their own homework on AI
By Danilo Masoni and Lucy Raitano MILAN (Reuters) – The rapid adoption of generative artificial intelligence has boosted market..
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Desperately seeking staff: Paris Airshow lets jobless in for free
By Allison Lampert and Tim Hepher PARIS (Reuters) – Jean Blondin usually attends the world’s largest air show to find new..
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Explainer-Top Indian startup Byju’s battles auditor criticism, board exits
By M. Sriram MUMBAI (Reuters) – Education technology giant Byju’s, one of India’s biggest startups valued at $22 bi..
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Honda to recall about 1.2 million vehicles in US – NHTSA
(Reuters) – Honda Motor Co is recalling about 1.2 million vehicles in the United States due to an issue with the rearview camer..
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Investors increase bets on UK recession as rate hikes bite
By Naomi Rovnick and Harry Robertson LONDON (Reuters) -Markets are doubling down on bets for a UK recession after the Bank of England..
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Exclusive-India’s BPCL in talks with Rosneft to buy oil priced on Dubai benchmark -sources
By Nidhi Verma NEW DELHI (Reuters) – Indian state-run refiner BPCL is in talks with Rosneft to buy about 6 million metric tons ..
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Lithium producers warn global supplies may not meet electric vehicle demand
By Ernest Scheyder LAS VEGAS (Reuters) – Lithium producers are growing anxious that delays in mine permitting, staffing shortag..
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Microsoft says new computing service for chemicals can slash R&D time
By Stephen Nellis Microsoft Corp on Wednesday introduced a new computing service aimed at helping chemical companies speed up the res..
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Analysis-For EV batteries, lithium iron phosphate narrows the gap with nickel, cobalt
By Paul Lienert DETROIT (Reuters) – As the auto industry scrambles to produce more affordable electric vehicles, whose most exp..
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Nasdaq expects expanded markets to justify $10.5 billion Adenza merger price tag
By John McCrank NEW YORK (Reuters) – Nasdaq’s eye-popping $10.5 billion bet on the little known financial software compan..
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ECB risks losing sight of ‘greedflation’ with laser-focus on wages
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank risks losing sight of corporate profits as a dr..
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Europe’s brief window of market outperformance swings shut
By Samuel Indyk, Lucy Raitano and Alun John LONDON (Reuters) – European equities and the euro look set to lose out to U.S. mark..
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Crypto investors step up risk management after last year’s meltdowns
By Elizabeth Howcroft LONDON (Reuters) – Cryptocurrency investors have grown more cautious about who they do business with, aft..
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Analysis-US SEC crackdown on Coinbase, Binance puts crypto exchanges on notice
By Hannah Lang WASHINGTON (Reuters) -Other U.S. crypto exchanges are likely to be in the firing line after the Securities and Exchang..
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U.S. regulation fears drive insurers’ climate alliance break-up
By Tommy Wilkes LONDON (Reuters) -The success of Republicans in triggering the break-up of a coalition of insurance firms aimed at ta..
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Stocks surge in Asia as US averts default, Fed pause bets rise
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks jumped on Friday on increasing expectations that the Federal Reserve might..
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Exclusive-Credit Suisse axes China bank plan to avoid regulatory conflict under UBS-sources
By Engen Tham, Summer Zhen and Selena Li HONG KONG/SHANGHAI (Reuters) -Credit Suisse has scrapped plans to set up a locally incorpora..
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Asian shares tentative, US debt ceiling talks weigh on risk appetite
By Ankur Banerjee SINGAPORE (Reuters) – Asian shares were subdued on Wednesday and the dollar hovered around a five-week peak a..
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IMF’s Georgieva sees global growth below 3% in 2023, robust recovery ‘elusive’
By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund expects global economic growth to dip below 3% in 2023 and to r..
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Exclusive-Ardian explores taking Italian tower operator INWIT private-sources
By Milana Vinn and Amy-Jo Crowley (Reuters) – French investment firm Ardian is in the early stages of exploring a bid for Italy&..
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Intel wants $5 billion more in German subsidies for chip plant – Bloomberg News
(Reuters) – Intel Corp is seeking an additional 4 billion to 5 billion euros ($5.28 billion) in subsidies from the German govern..
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Bayer hits 8-month high as investors welcome CEO change
BERLIN (Reuters) -Bayer shares rose as much as 5% in early Thursday trading to an eight month high, adding to gains from the day befor..
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Michael Kors owner Capri cuts forecasts as demand slows, shares plunge 20%
(Reuters) -Michael Kors owner Capri Holdings Ltd cut its annual profit forecast on Wednesday, hurt by a slowdown in demand for its lux..
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BP makes record profit in 2022, slows shift from oil
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – BP reported on Tuesday a record profit of $28 billion for 2022 and hiked it..
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From boom to bottom and now big change: Renault and Nissan reshape alliance
PARIS/TOKYO (Reuters) – French carmaker Renault and its Japanese partner Nissan announced a deal on Monday to redesign their dec..
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Julius Baer 2022 profits fall as it hits business cycle targets
ZURICH (Reuters) – Julius Baer on Thursday said net profit fell 12% in 2022 in a tough market environment, as the Swiss bank sai..
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