By Ankur Banerjee and Lawrence White SINGAPORE/LONDON (Reuters) – European and Asian shares rose on Wednesday thanks to positive news about inflation and China’s strict anti-COVID measures[...]
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January 4, 2023
BMW sales dip in 2022, targets 15% battery-electric sales this year
BERLIN (Reuters) -The BMW Group sold around 100,000 fewer cars in 2022 at 2.4 million vehicles, but more than doubled the proportion of fully-electric cars sold to reach almost 10% of total sales, a s[...]
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U.S. auto sales to fall in 2022, GM set to reclaim top spot from Toyota
(Reuters) – U.S. new vehicle sales are expected to decline for major automakers in 2022 due to inventory shortages, which weighed on Asian brands more than the Detroit giants such as General Mot[...]
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Russian rouble down with oil prices, trade remains thin
MOSCOW (Reuters) – The rouble opened weaker on Wednesday amid lower oil prices and thin trading volumes during public holidays in Russia. At 0714 GMT, the rouble was 0.6% weaker against the doll[...]
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Global hedge funds plan 2023 around inflation risk
By Carolina Mandl, Nell Mackenzie and Summer Zhen NEW YORK/LONDON/HONG KONG (Reuters) – Having weathered a dire 2022, many global hedge fund managers are preparing this year for persistent infla[...]
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Ryanair December traffic up 3% on pre-pandemic levels
DUBLIN (Reuters) – Ryanair flew 11.5 million passengers in December, up 3% on its previous pre-COVID high for the Christmas travel period, Europe’s largest airline by passenger numbers sai[...]
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Sanofi expects Q4 earnings boost from foreign exchange, flu vaccine sales
PARIS (Reuters) – French healthcare company Sanofi said on Wednesday that it expected its fourth quarter results, which will be published early next month, to reflect a boost from foreign exchan[...]
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Sam Bankman-Fried pleads not guilty in FTX fraud case; October trial set
By Jack Queen and Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried pleaded not guilty on Tuesday to criminal charges that he cheated investors in his now-bankrupt FTX cryptocurrency exchange and caused[...]
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Macau casinos deal themselves a tough hand with big non-gaming investment pledges
(This Jan. 2 story has been refiled to correct Melco’s name and stock symbol in the second paragraph) By Farah Master HONG KONG (Reuters) – As casinos in Macau begin new licenses to operat[...]
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