By Roushni Nair and Sameer Manekar (Reuters) – Singapore’s Keppel Corp posted a steeper-than-expected drop in annual profit on Thursday hurt by its urban development unit, but forecast Chi[...]
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February 2, 2023
Bridgewater names Karen Karniol-Tambour as third co-CIO
(Reuters) – Bridgewater Associates, the hedge fund founded by billionaire Ray Dalio, is naming Karen Karniol-Tambour as its third co-chief investment officer. Karniol-Tambour, 37, joins Bob Prin[...]
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Stocks rally, U.S. yields flat on hopes for central banks pause
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks climbed for a third straight day and longer-dated U.S. Treasury yields were flat on Thursday, as policy announcements from a ho[...]
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U.S. refiners throttle back Q1 output after record 2022 runs
By Erwin Seba HOUSTON (Reuters) – U.S. oil refiners are dialing back operating runs this quarter after sky-high utilization rates last year, and aim to operate at between 85% and 89% of capacity[...]
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Eli Lilly’s weak diabetes drugs sales cloud 2023 profit forecast
By Bhanvi Satija and Patrick Wingrove (Reuters) -Eli Lilly and Co missed Wall Street estimates for fourth-quarter sales of both the closely-watched new type 2 diabetes drug Mounjaro and its blockbuste[...]
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ConocoPhillips joins Big Oil’s parade of bumper profits but shares fall
By Arunima Kumar and Liz Hampton (Reuters) -ConocoPhillips said on Thursday its profit more than doubled to $18.7 billion in 2022, the highest since the oil company spun off its refining business in 2[...]
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Google tees up venue clash over U.S. advertising antitrust lawsuit
By Mike Scarcella (Reuters) – Lawyers for Alphabet Inc’s Google LLC on Wednesday said they will ask a federal judge in Virginia to move the U.S. Justice Department’s antitrust lawsui[...]
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Analysts sceptical as Casino opens talks with Teract
By Mathieu Rosemain and Dominique Vidalon PARIS (Reuters) – Casino’s preliminary talks with Teract to combine their French retail activities perplexes some analysts, who say a deal wouldn[...]
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After a joint rate surge, central banks start to see the end in sight
By Howard Schneider, Balazs Koranyi and William Schomberg WASHINGTON/FRANKFURT/LONDON (Reuters) – Global central banks that raced to raise interest rates last year amid soaring inflation are now[...]
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