By Nidhi Verma and Arunima Kumar BENGALURU, India (Reuters) -Europe will no longer set the reference price for Russia’s flagship Urals crude, Igor Sechin, the CEO of Russia’s oil major Ros[...]
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February 6, 2023
AI stocks rally in latest Wall Street craze sparked by ChatGPT
(Reuters) – Shares of C3.ai Inc, BigBear.ai and SoundHound AI extended a rally on Monday as artificial intelligence becomes a new buzzword on Wall Street with the viral success of ChatGPT chatbo[...]
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Exclusive-Credit Suisse markets CSFB as ‘super boutique’, sees revenue rebound
By Paritosh Bansal (Reuters) – Credit Suisse Group AG is marketing its First Boston investment banking unit to investors as a “super boutique” and sees revenue surging to as much as[...]
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Drug companies face COVID cliff in 2023 as sales set to plummet
By Michael Erman and Patrick Wingrove NEW YORK (Reuters) – Pharmaceutical companies that made billions from the pandemic over the past two years selling vaccines and treatments are now up agains[...]
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Global airline traffic last year rebounds to over half of pre-pandemic levels
By Joanna Plucinska LONDON (Reuters) -Global airline traffic recovered to 68.5% of pre-pandemic levels last year and surged 64.4% from 2021, according to figures published by global aviation body IATA[...]
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Public Storage makes $11 billion hostile bid for Life Storage
By Krystal Hu, Anirban Sen and Jahnavi Nidumolu (Reuters) – Public Storage, the largest U.S. operator of self-storage properties, on Sunday unveiled an $11 billion hostile bid for Life Storage I[...]
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Putin approves sale of Mercedes-Benz Russian finance arm
MOSCOW (Reuters) – Russian President Vladimir Putin on Monday approved the sale of Mercedes-Benz’s local financial services division to Russian car dealer Avtodom, nudging the German autom[...]
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Dollar extends U.S. jobs data bounce; yen slips
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar rose to a three-week high against the euro on Monday, as Friday’s blockbuster U.S. jobs report raised the likelihood of the U.S. Federa[...]
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AI startup Cohere in talks to raise funding at $6 billion plus valuation -sources
By Krystal Hu (Reuters) – Cohere, an AI foundation model company that competes with Microsoft-backed OpenAI, is in talks to raise hundreds of millions of dollars in a funding round that could va[...]
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